Theresa Chalfant, Writer
@theresa_chalfant
Yes, a Chase Sapphire card is worth getting, particularly if you’re a high spender and frequent traveler. Both the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® card offer big initial bonuses, generous travel rewards, and benefits that will likely outweigh the cost of the annual fee.
Why It’s Worth Getting Chase Sapphire Preferred
The Chase Sapphire Preferred card charges a $95 annual fee, so the card will be worth it if you can get more than that from the rewards and perks. Most importantly, you will earn 1 - 5 points per $1 spent, plus 75,000 points for spending $5,000 on purchases in the first 3 months your account is open.
Those rewards can save the average person around $2,130 over the first two years, according to WalletHub calculations. To maximize the value of the card, you will need to avoid interest charges by paying the bill in full each month.
Why It’s Worth Getting Chase Sapphire Reserve
Chase Sapphire Reserve’s $795 annual fee could be worth paying if you qualify for its initial bonus, use its $300 annual travel credit, and spend a lot on travel and dining. The initial bonus offer for new cardholders is 125,000 points for spending $6,000 in the first 3 months.
Both cards stand out among the competition, as two of the most popular and best-rated credit cards out there. You can compare them with the rest of the best travel cards to ensure you’re getting the best deal.
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People also ask
How much do I need to spend to make Chase Sapphire Preferred worth it?
You need to spend at least $1,520 per year to make Chase Sapphire Preferred worth it, depending on what you purchase. The best way to get your money’s worth from Chase Sapphire Preferred is to qualify for its initial bonus, use the card for travel and dining purchases, and pay the bill in full each month.
Chase Sapphire Preferred offers 75,000 points for spending $5,000 on purchases in the first 3 months. That bonus is redeemable for $750 when redeemed for cash, gift cards, and travel. The initial bonus alone will cover the card’s $95 annual fee for several...
read full answer by Chip Lupo, Credit Card WriterIs Chase Sapphire worth it if you don't travel?
No, Chase Sapphire cards are probably not worth it if you don’t travel. Although you can still earn rewards for regular purchases, you won’t earn as much as you would on travel-related ones. Even when redeeming points, you get the most value when redeeming for travel. This means you’ll have to spend quite a bit to offset the $95 annual fee for the Chase Sapphire Preferred® Card, and even more to offset the $795 annual fee for the...
read full answer by John Miller, Credit Cards ModeratorHow does the American Express Platinum Card® concert tickets benefit work?
The American Express Platinum Card® concert tickets benefit gives you early access to tickets for select events before they go on sale to the public, as long as you pay with your Platinum Card®. This benefit, commonly known as Amex Experiences, also offers exclusive access to events besides concerts. It includes musicals, fashion shows, sporting events, film showings, fine dining, and more.
To use this benefit, log in to Amex Experiences or Ticketmaster.com to see which events are available....
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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