Chase Sapphire Preferred® Card benefits include a substantial initial bonus, several types of travel insurance, purchase protection and extended warranties on purchases. You also get an annual hotel credit, a rewards bonus on your account anniversary, and more.
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Chase Sapphire Preferred Benefit Categories
- Rewards
- Travel Benefits
- Travel Insurance Benefits
- Shopping Benefits
- Event Benefits
- Visa Benefits
- Other Benefits
Chase Sapphire Preferred Rewards
Chase Sapphire Preferred is one of the best travel rewards cards on the market, according to WalletHub’s editors. For starters, you get an initial bonus of 75,000 points for spending $5,000 on purchases in the first 3 months. Those points are worth $750 when redeemed for cash, gift cards, and travel.
In terms of ongoing rewards, Chase Sapphire Preferred offers 5 points per $1 spent on travel purchased through Chase Travel℠, 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. Those earning rates solidify the card as one of the best options for travelers.
Key Things to Know About Chase Sapphire Preferred Rewards
- No maximum or expiration: There is no maximum number of points you can earn, and your points never expire as long as your account is open and in good standing.
- Transfer partners: You can transfer your points at a 1:1 ratio to the loyalty programs of many partnered airlines and hotels, like Southwest, JetBlue, Hyatt and Marriott.
- Shop With Chase: You can get 1 to 15 bonus points per $1 spent when you make purchases at more than 450 popular retailers.
- Pay With Points: You can redeem your points toward purchases through Amazon and PayPal. You can also redeem points for Apple purchases through Chase Ultimate Rewards.
- Pay Yourself Back: You can redeem your points for a statement credit to cover the cost of purchases you’ve made in the past 90 days. Other redemption options include travel, gift cards and cash back.
- Referral Bonus: Chase offers a referral bonus of 15,000 points per referral, with a maximum of 100,000 points per year. To earn this bonus, a person who you refer to the card has to apply and get approved.
- Anniversary Bonus: On your account anniversary, you get a bonus worth 10% of your total purchases for the past year. For example, spending $10,000 would get you 1,000 bonus points.
Chase Sapphire Preferred Travel Benefits
Annual Hotel Credit
Chase will reimburse the first $50 you spend on hotel purchases through the Chase Travel portal every year. While you won’t earn points on this $50, that doesn’t matter much since you’re getting a 100% return on the money. That helps to offset a large portion of the $95 annual fee!
No Blackout Dates or Seat Restrictions
If you use your card or your reward points to book reservations through Chase Travel, you won’t face restrictions on the dates and seats you can pick.
No Foreign Transaction Fee
It costs nothing extra to use Chase Sapphire Preferred to buy things from foreign merchants, either while abroad or online.
Roadside Dispatch
If you need roadside assistance, you can call 1-800-350-1362 to access a 24/7 help line for:
- Towing
- Tire changing
- Jump starts
- Lockout service
- Fuel delivery
- Standard winching
This is a pay-per-use service, not a free one, but it’s still a convenient thing to have access to.
Travel and Emergency Assistance
This 24/7 help line is designed to assist you if you have an emergency while traveling. Calling 1-800-350-1362 can help connect you with various services, such as:
- Notifying family or business associates about the emergency
- Legal referrals
- Medical referrals
- Locating lost luggage
- Arranging transportation home or to a medical facility
- Translation if you’re in a foreign country
- Delivery of prescriptions and important documents
- Emergency Ticket Replacement
- Pre-Trip Assistance
Chase Sapphire Preferred Travel Insurance Benefits
Chase Sapphire Preferred is one of the best credit cards for travel insurance, according to WalletHub’s Travel Insurance Study. It offers quite a few different types of insurance.
| Type of Travel Insurance | Coverage Amount |
|---|---|
| Trip Cancellation and Interruption Insurance | Up to $10,000 per traveler |
| Trip Delay Reimbursement | Up to $500 per traveler per trip |
| Travel Accident Insurance | Up to $500,000 per traveler |
| Baggage Delay Insurance | Up to $100 per day for five days |
| Lost Luggage Reimbursement | Up to $3,000 per traveler per trip |
| Auto Rental Coverage | $60,000 per rental |
Trip Cancellation and Interruption Insurance
If an unforeseen situation like sickness or severe weather causes your trip to be canceled or stopped early, you can get reimbursed up to $10,000 per traveler and $20,000 per trip. In order to receive this coverage, which applies to prepaid, nonrefundable trip expenses, you must pay for the trip with your card.
Trip Delay Reimbursement
If the travel provider delays your trip by more than 12 hours, or if you need to book an overnight stay due to the delay, your card will reimburse you up to $500 per traveler per trip to cover related expenses, like food and lodging, that you wouldn’t have had to pay for normally.
Travel Accident Insurance
If you book a trip with your card and you’re injured in transit, you can receive up to $500,000 in accidental death or dismemberment coverage. The exact amount of coverage that you get will depend on how severe the accident is.
Baggage Delay Insurance
If your baggage arrives at least six hours late, you can get reimbursed up to $100 per day, for up to five days. The purpose of this reimbursement is to pay you back for essential purchases you have to make without your luggage, such as clothing and toiletries.
Lost Luggage Reimbursement
If your luggage gets lost, damaged or stolen during transit, this benefit can reimburse you up to $3,000 per person per trip, to cover the cost of the luggage itself and its contents. There are also sub-limits to this policy: you can only be reimbursed up to $500 for jewelry and watches, and $500 for cameras and other electronic equipment.
Auto Rental Coverage
When you rent a car with Chase Sapphire Preferred, you can get up to $60,000 in coverage for collision damage and theft. In order to receive this benefit, you’ll have to decline any insurance that the rental car agency offers.
For full coverage details, you can refer to the Guide to Benefits provided after account opening or call the number on the back of your card for assistance.
Chase Sapphire Preferred Shopping Benefits
Purchase Protection
Coverage details: Covers your new purchases for 120 days against damage or theft up to $500 per item and $50,000 per account.
Many types of items aren’t covered, like animals and plants, antiques, motor vehicles, computer software, and more. But that’s standard for purchase protection.
Chase Sapphire Preferred stacks up pretty well against the rest of the market for purchase protection coverage, according to WalletHub’s Purchase Protection Study.
Extended Warranty Protection
Coverage details: When you make purchases with your card that come with a manufacturer’s warranty of up to three years, this benefit extends that warranty by one additional year. There are several exceptions to the types of items covered, so make sure to read your benefits guide.
Chase Sapphire Preferred scores very well in WalletHub’s Extended Warranty Study.
For full coverage details, you can refer to the Guide to Benefits provided after account opening or call the number on the back of your card for assistance.
DoorDash & Caviar Benefits
Chase Sapphire Preferred gives you a free one-year DashPass membership. This membership gets you $0 delivery fees and lower service fees on eligible orders from DoorDash and Caviar. You can also get up to $10 off per month on non-restaurant DoorDash orders. To get this benefit, you must activate it before December 31, 2027.
Peloton Benefits
You can get 5 points per $1 spent on Peloton purchases over $150, on up to $5,000 in total purchases. This offer ends on December 31, 2027.
Chase Sapphire Preferred Event Benefits
Early-Access Tickets
Having Chase Sapphire Preferred gets you access to presale tickets to concerts, sporting events and more before they go on sale to the general public.
Priority Seating
Some seats at major events are reserved exclusively for Chase cardholders. Chase says that these are “some of the best seats in the house.”
Chase Experiences
Cardholders get access to exclusive experiences through Chase, such as:
- Special cardholder-only entertainment, sports, arts and culture
- Access to lounges at events that are only available to Chase cardholders
- Discounts on merchandise and concessions
Chase Sapphire Preferred Visa Benefits
Visa Signature Concierge
Since Chase Sapphire Preferred is a Visa Signature card, it gives you access to a 24/7 concierge. The concierge can do things like:
- Make travel arrangements
- Make restaurant reservations
- Buy event tickets immediately when they go on sale
- Get you help with translation, cash transfer and finding items left behind in a hotel room
- Arranging transportation
- Gifts and floral arrangement delivery
- Assist you with any unique requests you might have
Visa Signature cards come with quite a few perks provided by Visa (some of which are already listed in other sections of this article). For example, you can get discounts on wine, golf, rental cars and hotel stays with various companies. You can learn more about these benefits from WalletHub’s full Visa Signature Benefits Guide.
Other Chase Sapphire Preferred Benefits
Fraud Protection and Fraud Alerts
Chase monitors your account for signs of fraud, and will notify you when it sees any charges that it deems suspicious.
$0 Fraud Liability
You won’t be held liable for any fraudulent purchases that you report, which is a benefit that all major credit cards offer.
Credit Building
If you use your Chase Sapphire Preferred card responsibly, you’ll be able to build your credit score. The best way to do that is to always pay on time (and in full if possible), and to keep your credit utilization lower than 30%.
Metal Card
Chase Sapphire Preferred is a metal credit card, which makes it both more appealing to look at and sturdier.
Tap to Pay
Chase Sapphire Preferred supports contactless tap to pay, which gives you greater security than inserting your card into a card reader.
Paperless Billing
You can choose to avoid receiving paper bills in the mail each month. Chase lets you access up to seven years of past statements online.
You can learn more about Chase Sapphire Preferred from WalletHub’s in-depth editor’s review.
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