The Chase Sapphire Preferred card is widely recognized as one of the best rewards credit cards available on the market. Offering an attractive combination of benefits, rewards, and flexibility, it is an excellent option for frequent travelers and those looking to maximize the value of their everyday purchases. In this article, we will explore all the important aspects of the Chase Sapphire Preferred card and provide a detailed guide on how to apply for this credit card.
Key Benefits of the Chase Sapphire Preferred
1. Welcome Bonus
The Chase Sapphire Preferred card frequently offers a significant welcome bonus for new cardholders. Currently, the bonus is 60,000 Ultimate Rewards points after spending $4,000 in the first three months from account opening. These points can be redeemed for $750 in travel when booked through the Chase Ultimate Rewards portal.
2. Rewards for Spending
The card offers a robust rewards program:
- 2x points on travel and dining: Earn double points on any travel or dining purchases.
- 1x point on all other purchases: All other purchases earn one point per dollar spent.
3. Flexible Redemption Options
The Ultimate Rewards points accumulated can be used in various ways:
- Travel: Book flights, hotels, car rentals, and activities directly through the Chase Ultimate Rewards portal to get a 25% increased value on points.
- Transfers: Transfer points to loyalty programs of partners such as United, Southwest, Marriott, Hyatt, and more, usually at a 1:1 ratio.
- Statement Credit: Use points to pay part or all of your credit balance.
- Gift Cards: Redeem points for gift cards from various stores and restaurants.
- Shopping with Partners: Use points for purchases on Amazon and other partners.
4. Travel and Purchase Protections
The Chase Sapphire Preferred card comes with a range of protections that are especially valuable for travelers:
- Trip Cancellation/Interruption Insurance: Get reimbursement for non-refundable travel expenses due to cancellations or interruptions.
- Auto Rental Collision Damage Waiver: Primary coverage for collisions and damage to rental cars.
- Lost Luggage Reimbursement: Reimbursement for lost or damaged luggage and personal items.
- Purchase Protection: Covers new purchases against damage or theft for up to 120 days.
- Extended Warranty Protection: Extends the manufacturer’s warranty on eligible products.
5. Other Benefits
- DashPass Membership: Free one-year subscription to DashPass, DoorDash’s food delivery service, which offers free delivery and reduced service fees on eligible orders.
- Anniversary Points Bonus: Earn bonus points on your account anniversary.
How to Apply for the Chase Sapphire Preferred Card
Applying for the Chase Sapphire Preferred card is a relatively simple process, but there are some important steps to follow to ensure your application is successful.
1. Check Your Credit Score
Before applying, it is important to check your credit score. The Chase Sapphire Preferred generally requires a good to excellent credit score (usually above 700). You can check your credit score for free through various online services.
2. Gather Your Documents
Have your personal and financial information ready:
- Identification: Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- Income Information: Documents proving your current income.
- Residential Address: Proof of residence.
3. Apply Online
The fastest and most convenient method to apply for the Chase Sapphire Preferred is through the official Chase website:
- Visit the Chase Website: Go to Chase’s credit cards page and select the Chase Sapphire Preferred.
- Complete the Application Form: Enter your personal information, income, and other requested details.
- Review and Submit: Double-check all information to ensure it is correct and submit the application.
4. Track Your Application
After submitting your application, you will receive a response within a few minutes, although in some cases it may take a few days for review. If approved, you will receive the card by mail in approximately 7 to 10 business days.
The Chase Sapphire Preferred card is an excellent option for those looking to maximize their credit card rewards, especially in categories like travel and dining. With a generous welcome bonus, multiple point redemption options, and a range of travel and purchase protections, this card offers significant value. By following the steps outlined above, you can apply for the Chase Sapphire Preferred card and start enjoying all its benefits.
