Chase Sapphire Preferred Credit Card Review

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The Chase Sapphire Preferred Card, with its new double bonus offer, is, in my opinion, one of the best premium rewards credit cards to get right now. Issued by JPMorgan Chase, this card gives you 40,000 bonus points after spending $3,000 in the first 3 months of account opening. These 40,000 points are twice as many points as the old promotion, and are worth $500 in travel credit! You can also receive an additional 5,000 bonus points when adding an authorized user to your account and making a purchase within the first 3 months. I think this is definitely one of the largest bonus offers I’ve seen so far in the credit card market this year. To qualify for this card, you must have good to excellent credit score.

Here are the main highlights of the new Chase Sapphire Preferred Card

eiffel-towerWhen you sign up for Chase Sapphire Preferred Card, and spend $3,000 within the first 3 months (including purchases to this card), you will receive 40,000 bonus points! You will also receive 5,000 bonus points when making your first purchase and adding an authorized user to your account within the first 3 months. What I like about Chase Sapphire is its great flexibility. Other than travel, you can redeem your points for cash back, gift cards, merchandise and many more. Travel can be redeemed through Chase’s Ultimate Rewards site or you can use your card to get your flight or hotel from anywhere else, and get redeem your points as a statement credit. Or you can purchase anything with your card and pay for it with your points. Your points will go 20% further if you book it through Ultimate Rewards though.

Like the Chase Sapphire Card, you will earn 1 point for every $1 you spend on the card, 2 points for every $1 you spend on dining and purchasing air tickets through Chase’s Ultimate Rewards Mall, and up to 10 points for every $1 you spend on shopping in their online mall.

Benefits Only Found In Chase Sapphire Preferred Card

Points are worth 20% more when you buy air tickets or hotel accommodations through Chase’s Ultimate Rewards. You will also earn a 7% Annual Points Dividend on all your earned points each year, even if you have already redeemed those points.

There’s no foreign transaction fee when you use this card on purchases made outside the U.S., so this card will save you on unnecessary fees when you shop in a different currency. You can also choose to transfer your points to major frequent flyer or hotel programs at a 1:1 value.

The annual fee of $95 is waived for the first year, so you get to enjoy the benefits of this card for free for the first year.

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 Review provided via DailyMarkets.com

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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