Chase Sapphire Preferred 2023 | Ultimate Review & Guide | Summary and Q&A

TL;DR

The Chase Sapphire Preferred Credit Card offers a low annual fee, flexible rewards, and various benefits, making it an excellent option for beginners in travel credit cards.

Key Insights

• 🎴 The Chase Sapphire Preferred is a popular beginner travel credit card due to its low annual fee and valuable rewards structure.
• 😥 Cardholders can earn a high welcome bonus of 60,000 points, which can provide significant value.
• ☠️ The card offers generous earning rates on travel, dining, Lyft rides, streaming services, and online grocery purchases.
• 💄 The Chase Sapphire Preferred is part of the Chase Trifecta, making it a valuable addition to the Chase ecosystem.
• 😥 There are various benefits and perks, such as anniversary points boost, complimentary Instacart Plus membership, and access to DashPass and Caviar.
• 🎴 The card allows for downgrade options, retention offers, or switching to other Chase cards after the first year.
• 💯 Potential applicants should have a credit score of at least 700 for a higher chance of approval.
• 🗺️ Using the Chase Ultimate Rewards portal for travel redemption is simple and offers additional value.

Transcript

so ladies and gents here in my hand is the Chase app I preferred one of the best beginner travel credit cards due to its relatively low annual fee flexible reward structure and the different benefits it offers now what's cool is this was actually one of my first travel credit cards that I ever got and it's actually one of the cards that I have a pr... Read More

Questions & Answers

Q: What is the welcome bonus for the Chase Sapphire Preferred?

The card offers a welcome bonus of 60,000 points, which can be worth up to $1,200.

Q: What are the earning rates for different categories?

Cardholders earn 5x points on travel purchases through the Chase Ultimate Rewards portal, 2x points on all other travel expenses, 3x points on dining, 5x points on Lyft rides, and 3x points on select streaming services and online grocery purchases.

Q: Are there any additional benefits with the Chase Sapphire Preferred?

Yes, the card offers a 10% anniversary points boost, complimentary Instacart Plus membership, access to DashPass and Caviar, a $10 monthly statement credit from Gopuff, zero foreign transaction fees, trip cancellation insurance, zero liability protection, baggage delay insurance, and primary auto rental collision damage waiver.

Q: Who is the Chase Sapphire Preferred best meant for?

The card is ideal for beginner or mid-tier travel credit card users who want to earn significant points and have access to valuable benefits without a high annual fee.

Summary & Key Takeaways

• The Chase Sapphire Preferred offers a generous welcome bonus of 60,000 points, which can be worth up to $1,200.

• Cardholders earn 5x points on travel purchases through the Chase Ultimate Rewards portal and 2x points on all other travel expenses.

• The card also provides 3x points on dining, 5x points on Lyft rides, and 3x points on select streaming services and online grocery purchases.