The Chase Sapphire Preferred was my first travel credit card. I’ve had this card for 10 years and plan to always keep it. With the current offer, you earn 60,000 Chase Ultimate Rewards points when you spend $4,000 on purchases within the first 3 months of opening the account. This can be used for $750+ toward travel when you redeem through their online portal Ultimate Rewards. I’ll walk you through the best ways to experience Lux Travel Life from the 60,000 points.
The annual fee is $95. You’ll see this fee on your first billing cycle and each year after. Here are a few reasons I haven’t mind paying this fee for the past 10 years.
1. The Chase Sapphire Preferred has the best travel transfer partners. Meaning you earn the points then transfer to your airline and hotel loyalty programs.
British Airways
Hyatt
Southwest Airlines
United Airlines
Intercontinental Hotel Group
Just to name a few
2. You’ll earn 2X points on travel and dining purchases. This is great for everyday restaurant and travel purchases large or small. Use this card to pay for friends night out and have them Venmo you.
3. When traveling overseas, there is $0 foreign transaction fee. Travel Tip: Just remember when you use your card and the merchant ask if you want to pay in USD or local currency (euros, pesos, etc.), state local currency. It also comes with a chip so you'll easily be able to use it throughout Europe.
4. This card also has travel and purchase protection coverage.
Trip Delay Reimbursement- Receive $500 per ticket when you trip is delayed for more than 12 hours.
Primary Car Rental Insurance- No need to pay for primary car insurance at the rental car company. You are covered for damage and theft to your rental car. You just need to pay for the car when your Chase Sapphire card.
Baggage Delay Insurance- This happened to my mom traveling from the USA to Germany. Her luggage never arrived for whatever reason. I immediately contacted Chase once we found out. They stated she could spend $100 each day to purchase clothes, perfume, shoes, etc, for the days her luggage was delayed. Please note, you'll have to submit receipts so you can't go on a shopping spree at Gucci. She was reimbursed through her credit card statement. Her luggage arrived the 3rd day. We were happy for the "free" shopping spree in Europe.
Chase has some of the best travel reward credit cards. Chase will not approve you for their cards if you’ve opened five or more cards from any bank in the past 24 months. This restriction is known as the Chase 5/24 rule.
Chase’s 5/24 rule applies to all of their travel credit cards. If you’re under the Chase 5/24 rule, you have a good chance of getting approved for this card, depending on on your credit score and several other factors.
Apply here for the Chase Sapphire Preferred.
Have you gotten approved for this card? How do you plan on using your 60,000 Ultimate Reward points?