The Chase Sapphire Preferred credit card is one of the most popular travel rewards credit cards on the market. With its generous rewards program, strong travel benefits, and flexible redemption options, it’s no wonder why this card has become a favorite among travelers and frequent credit card users. In this article, we’ll take a closer look at the Chase Sapphire Preferred card and explore its key features, benefits, and drawbacks.

First and foremost, the Chase Sapphire Preferred card offers a generous rewards program. Cardholders earn 2 points per dollar spent on travel and dining purchases and 1 point per dollar spent on all other purchases. Points can be redeemed for a variety of travel-related expenses, including airfare, hotel stays, car rentals, and more. Cardholders can also transfer their points to a variety of airline and hotel loyalty programs, providing even more flexibility and value.

The Chase Sapphire Preferred card also offers a number of strong travel benefits. For example, cardholders receive trip cancellation and interruption insurance, trip delay coverage, and baggage delay insurance. Cardholders also receive travel and emergency assistance services and primary rental car insurance. These benefits can provide peace of mind and financial protection when traveling.

Another benefit of the Chase Sapphire Preferred card is its flexible redemption options. Cardholders can redeem their points for travel through the Chase Ultimate Rewards program, or they can transfer their points to a variety of airline and hotel loyalty programs. Additionally, cardholders can use their points to pay for travel-related expenses directly, such as airfare and hotel stays.

However, the Chase Sapphire Preferred card also has some drawbacks to consider. For one, the card has an annual fee of $95, which is waived for the first year. Additionally, the card has a foreign transaction fee of 1%, which can add up for frequent international travelers. Finally, the card has a high minimum spend requirement for the sign-up bonus, which may be difficult for some to reach.

In conclusion, the Chase Sapphire Preferred credit card is a strong option for those who travel frequently or want to earn rewards on their everyday purchases. With its generous rewards program, strong travel benefits, and flexible redemption options, this card can provide significant value to the right user. However, it’s important to consider the annual fee and foreign transaction fee, as well as the high minimum spend requirement, before applying for the card.