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The Chase Sapphire Preferred® Card is often mentioned high on lists of great travel rewards cards. Let’s go over some of the travel benefits, purchase protection, and perks that are offered by this credit card, and perhaps this might help you decide whether the card fits your travel goals.
The Sapphire Preferred allows you to earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®..
Major Travel Rewards Available
When you build up a balance of Ultimate Rewards, you will have many options available to you for redemption. One of the greatest things about the Chase Sapphire Preferred® Card card is that you can easily combine your points from other Ultimate Rewards earning cards such as the Ink Business Preferred® Credit Card and Chase Freedom®.
Additionally, you can transfer Ultimate Rewards to many different travel partners. Transferability of points sets the Chase Sapphire Preferred® Card apart from many of the other travel rewards cards available, as many of them have either no transfer options or limited choices available.
|Partner Program||Time for Points to Transfer|
|Aer Lingus AerClub (Avios)||Instantly|
|Air Canada Aeroplan||Instantly|
|Air France/KLM Flying Blue||Instantly|
|British Airways Executive Club (Avios)||Instantly|
|Iberia Plus (Avios)||Instantly|
|Singapore Airlines KrisFlyer||17 hours|
|Southwest Rapid Rewards||Instantly|
|Virgin Atlantic Flying Club||Instantly|
|World of Hyatt||Instantly|
|IHG Rewards Club||5 hours|
|Marriott Rewards||1 day|
The Chase Sapphire Preferred® Card card is ideal for use when you travel because you will not only continue to earn Ultimate Rewards, but you get some great travel protection.
You receive trip cancellation and trip interruption insurance, valued at up to $10,000 per trip. You will get lost luggage coverage, for up to 5 days at $100 per day. Your purchases will be covered in the event of theft or damage incurred during travel. The card comes with chip and signature security features, which means your personal information is protected by an extra layer of security. There are also no foreign transaction fees, and if you have ever traveled with a card that does not provide this perk, then you realize how quickly these fees can add up to a huge expense added to your vacation.
Another great travel benefit on the Chase Sapphire Preferred® Card is rental car Collision Damage Waiver (CDW). If you decline the rental company's collision insurance and pay with your Sapphire Preferred, and you will have primary car rental insurance.
Other benefits include baggage delay reimbursement, travel accident insurance, and emergency travel insurance.
The Chase Sapphire Preferred® Card (CSP) also comes with some good purchase protection benefits. From Chase's website:
“Purchase protection covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account. Extended Warranty Protection extends the period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less. Price Protection if a card purchase you made in the U.S. is advertised for less in print or online within 90 days, you can be reimbursed the difference up to $500 per item, $2,500 per year. Return Protection where you can be reimbursed for eligible items that the store won't take back within 90 days of purchase, up to $500 per item, $1,000 per year.”
Great Points Earning Potential
When you consider the terrific perks that you get, especially by transferring your Ultimate Rewards to travel partners, you will quickly realize that you are going to be getting your money’s worth out of the annual fee. So, it is also great to know that you can quickly build up the points that you need to redeem for the travel perks.
You will earn 5X points on travel purchased through Chase Ultimate Rewards (2X on other travel); 3X points on dining at restaurants including eligible delivery services, takeout and dining out; 3X points on streaming services; 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs); and 1X on all other purchases.
Travel More, Pay Less
If you are in the mood for some travel, you will certainly enjoy the many perks available through the Ultimate Rewards program. You don't have to transfer your UR points out to a travel partner – you can book travel right on the UR website.
Just sign on to the online portal and start searching for deals that will take you where you want to go. If your travel dates are flexible or your times are flexible, you will find that you can make the most of your Ultimate Rewards points, and travel for next to nothing out of your pocket! Use your points for flights, upgrades, and more, to create the perfect trip.
Great Travel Rewards Card
The Chase Sapphire Preferred® Card is one of the most popular travel rewards cards that you can get right now, and that honor is well earned because of the many purchase perks, and travel benefits offered, and the ease with which you can redeem your rewards for many different travel perks through many different travel partners. Although there is an annual fee of $95, most people will find that this is well worth the investment!
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