Chase Sapphire Preferred Credit Card:

Chase Bank issues Chase Sapphire Preferred Credit Card. It is part of the family of SAPPHIRE cards.

There are two cards Chase Bank currently offers in the Sapphire Family. They are as follows

1. Chase Sapphire Preferred Credit Card – 95$ Annual Fee
2. Chase Sapphire Reserve Credit Card – 550$ Annual Fee

Here in this post, I would highlight the Chase Sapphire Preferred Credit Card. Referral Link to this card is HERE

Basics of Chase Sapphire Preferred:

1. Annual Fee is 95$
2. Earn 60,000 bonus points after you spend $4,000 on purchases in the
   first 3 months from account opening
3. Comes with 50$ annual Ultimate Rewards Hotel Credit
4. 5X on Hotels and Car Rentals booked through Ultimate Rewards Chase portal.
5. 5X on Lyft rides through March 31st, 2025
6. 3X on Dining
7. 2X on other travel
8. 1X on other purchases
9. Points are worth 25% more when redeemed for travel.

Who Can Apply for the Card?

I can say anyone with excellent credit score can apply and get approved for this credit card. But one should be aware that Chase has this 5/24 rule, where anyone who has taken 5 credit cards form any Bank within past 24 months, will automatically be denied for Chase credit cards. Also, Chase came up with new rule that, at a time each customer can only have only One Card from the Sapphire family of Cards. This rule applies to any new customers trying to apply for Chase Sapphire RESERVE or Chase Sapphire PREFFERED cards.

Additional Benefits on Chase Sapphire Preferred Credit Card:

1. Get Complimentary access to DashPass—a membership for both DoorDash and Caviar—which unlocks $0 delivery fees and lower service fees on eligible orders.
2. Get 6 months of complimentary Instacart+. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024
3. Earn 5x total points on Peloton equipment and accessory purchases over $150.
4. 5X on travel purchased through Ultimate Rewards Portal
5. 3X on online grocery delivery (Excludes Target, Walmart+ and wholesale clubs)
6. 10% anniversary point Boost – Each account anniversary, you’ll earn bonus points equal to 10% of your total purchases made the previous year.
7. 3X on select streaming services.
8. Primary Auto Rental Collision Waiver
9. Trip Cancellation/ Interruption Insurance up to 10,000$ per person 
10. Trip Delay Insurance up to 500$ per ticket after12 hour delay
11. Travel Accident Insurance of up to 500,000$
12. Lost Luggage Reimbursement covered up to 3000$ per passenger.
13. Baggage Delay Insurance – Reimburses for delays over 6 hours by passenger carrier up to $100 a day for 5 days.
14. Purchase Protection – Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.

How I earn Points on this Card:

I signed up for Chase Sapphire Credit Card almost 8 years ago in 2015. A year later when Chase Sapphire Reserve card was introduced in 2016, I applied for Reserve Credit card and got approved. Later I closed my Chase Sapphire Credit Card. After introduction of the Capital One Venture X Credit Card, I downgraded my Reserve Credit card to PREFFERED. I use the Priority Pass benefits from Venture X Capital One Credit Card. Now I own just the Chase Preferred Credit Card.

How I Spend the Points I earn from this Card:

Generally, I spend the points I acquired from the bonuses and various purchases mostly through Ultimate Rewards Portal, to book Activities at various places I travel to around the world. I used the points for Safari Experience to Masai Mara in Kenya. Enjoyed booking my visit Iguacu Falls on Argentina Side using Chase Points. I used them to book the tour of Antelope Canyon in Arizona. Other than for Experiences, I travel by United Airlines frequently. As Chase points transfer to United at 1:1 ratio, I top up for the miles when needed for my flights. If you are interested in applying for this card, the link for the application is in the post above.