The Chase Sapphire Preferred card foreign transaction fee is $0. This means you won’t be charged extra anytime you use the Chase Sapphire Preferred card outside of the United States. This applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.
The Chase foreign transaction fee is $0 to 3% of each transaction in U.S. dollars, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether it’s a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant.… read full answer
The Chase Sapphire, Sapphire Preferred and Sapphire Reserve credit cards belong to the Visa network, which means they can be used wherever Visa is accepted. That includes millions of merchants in more than 200 countries and territories. In other words, Chase Sapphire cards give you purchasing power pretty much anywhere in the world that takes plastic (or metal, as the case may be).… read full answer
Sure, you may find the occasional merchant that has an exclusive deal with one of the other card networks. But it’s very rare. Sam’s Club used to only accept Discover cards, for example. But now they accept cards from all four major networks.
If you’re wondering about where Chase Sapphire rewards points are accepted, the Chase Ultimate Rewards website is the best answer. You should be able to book almost any hotel or flight you want through Chase.
You can also transfer your points at a 1:1 ratio (in 1,000-point increments) to the rewards programs of any of Chase’s 11 travel partners. Depending on the partner, your points might even be worth more if you take this route.
And if you don’t want to use your reward points on travel expenses, you can redeem them directly with Chase for gift cards or a statement credit. You can do this through the Chase website or through their mobile banking app, available for both Apple and Android devices.
Finally, Chase has a deal with Amazon.com that allows you to “Shop with Points” on the popular online retailer. In other words, you can pay with your Sapphire Preferred points rather than charging the transaction to your card. All you have to do is add your Sapphire Preferred Card to your Amazon.com account, and your available points balance will automatically appear.
The only surefire way to get the $550 Chase Sapphire Reserve annual fee waived is if you’re an active servicemember and you check that box on the application. As long as Chase can confirm your active duty status, they won’t charge you any fees. Otherwise, your odds of getting a Chase Sapphire Reserve annual fee waiver are next to none. … read full answerChase Sapphire Preferred Card also has a $95 annual fee. But it’s not like Chase will penalize you for asking for a fee waiver, so why not give it a shot?
There are a few details you should be aware of before calling and asking for a fee waiver, though. And in the likely event that you don’t get one, you’ll need to know what perks are available to determine whether Sapphire Reserve is worth it.
Here’s what you should know about Chase Sapphire Reserve annual fee waivers:
If you’re in the armed forces full-time, you’re eligible to have all Sapphire Reserve fees waived, except for the returned check fee. You can get this benefit by indicating your service on the application (there’s a box to check off) or by calling Chase customer service at 1-800-432-3117. Chase will have to verify your status.
If you want to try for a fee waiver or reduction, you can call the number on the back of your card or the general Chase customer service line: 1-800-432-3117.
According to people who’ve had luck with fee waivers on other credit cards, having a high income and spending a lot can help. Since the issuer is already making a lot of money from the fees it charges merchants when you make purchases, the thinking goes, they might be more willing to give you a break.
The Chase Sapphire Reserve initial bonus is worth $750, which covers more than a year and a half of annual fees. And if you’re a frequent traveler, you should always get more than $450 in value per year, between the $300 annual travel credit, free airport lounge access, 3 points per $1 spent on travel and more benefits.
While it’s unlikely that you’ll get the Chase Sapphire Reserve annual fee waived, you might as well try. The worst that can happen is Chase will say “no.” But if you do have to pay $550 every year, just make sure you take advantage of the card’s huge list of benefits in order to get your money’s worth. That or get one of the many credit cards with no annual fee.
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