Chase Sapphire Preferred® Credit Card

Chase Sapphire Preferred® Credit Card

Add your review
Add to wishlistAdded to FavoritesRemoved from Favorites 0
Add to compare
8.9/10 (Expert Score)
Product is rated as #7 in category Credit Cards
PROS:
  • 1.4% Purchase Yield
  • $750 in first year incentives
  • Ability to transfer points to more than 10 travel and hotel reward programs
  • Double points on travel and dining purchases
CONS:
  • $95 annual fee
  • Purchase Yield is not best in class
  • Est. Annual Value in years 2+ is more than $100 below that of benchmark cash-back cards (assuming $15,000 in annual purchases and a 1.5% benchmark yield)

A solid choice with a an impressive, $865 first year value (assuming $15,000 in annual purchases) but some other cards provide a better overall purchase yield and overall ongoing annual value (subsequent year value lowers to $115 which is $110 below some of our benchmark 1.5% unlimited cash-back, no-annual-fee benchmark cards). While this card provides double points on travel and dining related purchases, the yield on these extra points is not enough, assuming average spending patterns, to offset the $95 annual fee.

One of the strong benefits though of the Chase Sapphire Preferred® Credit Card is the ability to transfer points to more than 10 airline and hotel reward programs. Such an ability can be attractive, especially when airline and hotel programs offer unusually low redemption offers. However, this type of point transfer strategy requires a meaningful investment of time and effort and generally doesn’t benefit the average traveler.

CARD DETAILS

Estimated Purchase Yield

Estimated Purchase Yield

1.40%

Notes

Assumes points are redemed for travel (25% redemption bonus) and assumes average spending distribution (double rate applied to travel and dining out)

Bonus Offers

Bonus Offer Value

$750.00

Bonus Offer

60,000 bonus points (requires $4,000 in new purchases within first 3 months)

Ongoing Bonuses

None

Estimated Annual Card Value

Yr 1 @ $5k in Purchases

$725

Yr 1 @ $15k in Purchases

$865

Yr 1 @ $30k in Purchases

$1,075

Yr 2+ @ $5k in Purchases

-$25

Yr 2+ @ $15k in Purchases

$115

Yr 2+ @ $30k in Purchases

$325

Valuation Notes

Bonus Offer Value plus Ongoing Bonus Value (if any) plus value of rewards at stated annual purchasing level less the annual fee

Airport Lounge Access

Lounge Access?

No

Lounge Network

Not Applicable

Guests

Not Applicable

Access Restrictions

Not Applicable

Reward Points

Do Points Expire?

No (as long as the account remains open)

Redemption Options

Travel (booked via rewards site), Merchandise, Gift Cards and Statement Credits

Can Points Be Transferred?

Yes - Aer Lingus, AerClub, British Airways Executive Club, Emirates Skywards®, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MineagePlus®, Virgin Atlantic Flying Club, IHG® Rewards Club, Marriott Bonvoy™, World of Hyatt®

Fees & APRs

Annual Fee

$95

Foreign Transaction Fees

None

Late Payment Fee

$39

APR - Intro (Purchases)

No Current Standard Intro Offers

APR - Intro (Balance Transfers)

No Current Standard Intro Offers

APR - Cash Advance

26.49% + $10 or 5% (whichever is greater)

APR - Regular (Purchases)

17.49% to 24.49%

APR - Regular (Balance Transfers)

17.49% - 24.49% + $5 or 5% (whichever is greater)

Grace Period

21 Days

Other Items

Recommended Credit Level

Very Good+ (FICO Score: 740-850)

Link to Issuer Website

https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-preferred

Date Information Confirmed

December 29, 2019

Chase Sapphire Preferred® Credit Card
Chase Sapphire Preferred® Credit Card
PointsAdventure.com
Enable registration in settings - general
Compare items
  • Credit (0)
Compare
0