Is Chase Sapphire Card Worth For Travel
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Introduction
We will be reviewing the chase sapphire preferred credit card in this article. Chase sapphire preferred has a welcome bonus that offers 60000 bonus points after you spend $4000 on purchases in the first three months from account opening. That’s $750 dollars toward travel when redeemed through chase ultimate rewards.
Chase Sapphire Preferred Card Benefits
- The Chase Sapphire Preferred has an annual fee of $95 dollars earn up to $50 in statement credits each account anniversary year for hotel stays purchased through chase ultimate rewards.
- You also earn 5x total points on travel purchased through chase ultimate rewards excluding hotel purchases that qualify for the $50 anniversary hotel credit.
- Earn 2x on other travel purchases earn 3x points on dining including eligible delivery services takeout and dining out.
- Earn 3x points on online grocery purchases excluding Target, Walmart and Wholesale clubs.
- Earn 3x points on select streaming services plus earn one point per dollar spent on all other purchases.
If you’re interested in getting the chase sapphire preferred you must be under 5-24. What is 524 – you can open five or more personal credit cards in the past 24 months. If you have opened 5 or more credit cards in the past 24 months chase won’t approve you for their credit card. It is also recommended that you have a credit score of 700 or higher to increase your chances of approval. Chase also likes to see a credit history of at least one year.
How you can use your points?
You can use your points to redeem for any available reward option including cash gift cards travel and pay with points for products or services made available through the program. Even you can redeem directly from third parties. Redemption values for reward options vary points expiration or losing points. Your points don’t expire as long as your account remains open.
The $50 annual ultimate rewards hotel credit, a statement credit will automatically be applied to your account. When your card is used for hotel accommodation purchases made through the ultimate rewards program. This is up to an annual maximum accumulation of $50 annual means the year beginning with your account open date through the first statement date after your account anniversary. The 12 monthly billing cycles after that each year annually the first $50 in ultimate rewards.
Travel Rewards with Chase Sapphire
Hotel purchases will not earn rewards points. Statement credit will be posted to your account within two days after your purchase posts to your account. It will appear on your monthly credit card billing statement within one to two billing cycles 10 anniversary points’ bonus each account anniversary year. You will earn bonus points that equal 10 of your total spend in points from purchases made with your credit card during the previous account anniversary year.
This is at a rate of one point for each one dollar spent account anniversary year. So the year beginning with your account open date through the anniversary of your account open date and each 12 months after that five total points five x points on qualifying lift rides through march 2022. You’ll earn an additional three points for each one dollar spent when your card is used for qualifying Lyft products and services purchased through the Lyft mobile application through March 31st 2022.
DoorDash and Peleton Offers with Sapphire Preferred
Complementary dash pass from door dash you and your authorized users will receive at least 12 months of complementary dash pass for use on both the Doordash and caviar applications during the same subscription period based on the first activation date when the subscription is activated with a chase sapphire preferred card by march 31st 2022.
Earn 5X total points on peloton equipment and accessory purchases through 331 2022. You’ll earn a total of five points for each one dollar spent on up to five thousand dollars in total purchases during the promotional period. This promotion is when your card is used for equipment and accessory purchases over fourteen hundred dollars through Peleton from March 30th 2022. Chase Sapphire Preferred card has no foreign transaction fees.
Should you get the Sapphire Credit Card?
Yes if you travel frequently or book travel via chase travel portal, spend on dining and online groceries. If you have another chase card that will earn you ultimate rewards points and if you want one card for everything. If you don’t travel as much don’t spend on dining and online groceries, you can check Chase Freedom Flex card or Citi Double Cash Card.
