The Chase Sapphire Preferred benefits include high rewards on travel, plus thousands of dollars in travel insurance and coverage for damaged or stolen purchases. Chase Sapphire Preferred also offers one of the best initial rewards bonuses on the market. That's a big reason why its among WalletHub's choices for the year's best rewards cards as well as the best credit card deals. The average person would earn more Preferred over the first two years of use than any other Chase credit card, according to...

You can get a Chase Sapphire Preferred referral bonus for each friend that you invite to apply for the same card and gets approved. The referral bonus is 15,000 points for every referral who is approved and the limit is 75,000 points per calendar year.

Whether you refer one friend or five, you're still looking at a lot of value, especially for travel booked through Chase Ultimate Rewards. So, let's talk about exactly how to earn it.

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To maximize your Chase Sapphire Preferred rental car insurance benefit, decline the rental car company's coverage and charge all car rentals to your card. This benefit covers damage due to a collision or theft, up to the actual cash value of the rental car. Chase Sapphire Preferred also awards cardholders with 2 points per $1 spent on car rentals, and you should make sure to redeem for travel to get maximum value.

Chase Sapphire Preferred's rental car insurance coverage isn't...

There are 11 airlines and three major airline alliances that you can use with Chase Sapphire, all of which are listed below:

Airline Partners

• Aer Lingus
• Air Canada Aeroplan
• British Airways
• Emirates
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue
• Singapore Airlines
• Southwest
• United Airlines
• Virgin Atlantic

Major airline alliances:

• Oneworld airlines
• SkyTeam airlines
• Star Alliance...

Applicants for the Chase Sapphire Preferred card need a credit score of 700 or higher for good approval odds. This card requires at least good credit to qualify, and the higher your credit score is, the better your approval odds will be.

You can check your latest credit score for free on WalletHub to see where you stand.

It's important to note that while your credit score is an important factor in determining whether or not you will be approved for...

The Chase Sapphire Preferred annual fee is $95. The card's annual fee is higher than the average annual fee among new credit card offers right now, but it's common for the best travel credit cards to charge fees as high or even higher than that.

Chase Sapphire Preferred Fees

• Annual Fee: $95
• Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
• Foreign Transaction Fee: $0
• Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
• Max Late Fee: Up to $40

While the card's annual fee...

The Chase Sapphire foreign transaction fee is $0 for both the Chase Sapphire Reserve® card and the Chase Sapphire Preferred® Card. A $0 foreign transaction fee means you won't have to pay extra to use a Chase Sapphire card abroad or online, with international merchants. Also, since both Sapphire cards are part of the Visa network, you can use them in over 200 countries. 

Besides the $0 foreign transaction fees and worldwide acceptance, the Chase Sapphire cards also have some great travel rewards.

To log in to your Chase Sapphire Preferred® Card card account, go to the login page on the Chase website or mobile app and enter your username and password in the appropriate fields. Then, click "Sign in" to access your online account. If you don't already have an account, you will need to start by clicking "Not enrolled? Sign up now" in order to set up a username and password.

How to Log in to Your Chase Sapphire Preferred Account

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The Chase Sapphire Preferred rewards new cardholders with 60,000 bonus points for spending $4,000 in the first 3 months. Plus, the card comes with extensive ongoing rewards: 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases.

The rewards redemption process offers a number of good options through Chase's  Ultimate Rewards portal.

Chase Sapphire Preferred Rewards

Chase Sapphire Preferred Rewards Redemption Options

1. Travel redemption: Chase Sapphire Preferred rewards points are best used for travel booked through Chase Ultimate Rewards. Just select " Travel" once you're signed in.
2. Cash: You can also redeem reward points either to get a statement credit or a deposit...

Yes, Chase Sapphire Preferred is worth the $95 annual fee if you have at least good credit and you like to travel. This card offers 60,000 bonus points for spending $4,000 in the first 3 months, which covers the cost of the annual fee for years. Chase Sapphire Preferred also awards cardholders with 1 - 5 points per $1 spent on purchases.

These points are worth 1.25 cents each when redeemed for travel through Chase Ultimate Rewards. On top of that, the card comes with several benefits like travel insurance, extended warranty coverage, and purchase...