Reward Credit Cards
   BBB Online

Chase Sapphire(SM) Preferred Card

The Chase Sapphire(SM) Preferred Card brought to you by Chase and CreditCardAssist.com, is an outstanding rewards credit card that gives cardholders 50,000 bonus points after spending $3,000 in the first 3 months, good enough for a free flight.

Chase Sapphire(SM) Preferred Card
  • Earn 40,000 bonus points after you spend $3,000 in the first 3 months - that's $500 toward travel rewards!
  • 2 points per dollar spent on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • Get 20% off airfare, hotels, car rentals and cruises when you redeem through Ultimate RewardsSM
  • No foreign transaction fees
  • Receive a 7% Annual Points Dividend on all new points earned on purchases - even on points already redeemed
  • 1:1 point transfer to participating frequent travel programs
  • Direct access to expert service advisors anytime
  • Introductory Annual Fee of $0 the first year, then $95
Introductory Period Info
Regular APR
Annual Fee
Balance
Transfers
Credit Needed
N/A*
15.24%* (Variable)
$0 1st year, then $95
N/A*
Excellent Credit*

Editor's Review: As a step above the regular Chase Sapphire(SM) Card, the Chase Sapphire(SM) Preferred Card offers more benefits and even greater opportunities to earn rewards for those who qualify. Unlike the Chase Sapphire(SM) Card, which offers 25,000 reward points, holders of the Chase Sapphire(SM) Preferred Card earn 50,000 bonus points after making $3,000 in purchases during the first three months of card membership.

Although there is an $95 annual fee with the Chase Sapphire(SM) Preferred Card, the fee is waived for the first year of membership. Furthermore, those cardholders who pay off their credit card balance at the end of each billing period stand to recoup the annual fee and to earn a profit off of the card if it is used frequently enough. In fact, the 40,000 points earned after making $3,000 in purchases can be put toward airline rewards valued at up to $500.00. Those who want to purchase a more expensive ticket will still be credited this amount and will only have to pay the difference in cost. Thanks to this option, it is possible for card holders to easily maximize the rewards by purchasing tickets that are valued at more than the $500.00 cap.

In addition to the bonus points earned after making $3,000 worth of purchases in the first three months, card holders also earn points for every purchase that is made. The program is quite simple – for every dollar that is spent, the card holder earns one point. This equates to earning $1 for every 100 points earned. There are no caps placed on how much can be earned each year and the points never expire. The Chase Sapphire(SM) Preferred Card also stand out from other rewards credit cards in that cash redemptions can be made in $1 increments so long as the amount is over $20. Therefore, instead of waiting until the balance has reached certain increments, the card holder can redeem the rewards in odd amounts such as $23 or $157.

(Review Date: January 14, 2014)