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  Chase Sapphire Preferred®

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Chase Sapphire Preferred® Claimed

Chase Sapphire Preferred®

Claimed
SuperMoney Net Recommendation Score +79  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +79, equating to 4.6 on a 5 point rating scale.

+79

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 20.24% - 27.24%
(Verified 01/25/2023)
Balance Transfer APR  (Variable APR) 20.24% - 27.24%
(Verified 01/25/2023)
Credit Score Range 700 - 850
Annual Fee $95
Number of Reviews 53

Chase Sapphire Preferred® Review

This is a rewards card issued by Chase Bank. If you're wondering whether Chase Sapphire Preferred is the right card for you, read on.

Key Takeaways

  • Signup bonus. Offers a signup bonus of 60000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 20.24% up to 27.24%.
  • 5% Balance transfer fee. Chase Sapphire Preferred® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Chase Sapphire Preferred

The Good The Bad
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Free access to your credit score.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • Trip cancellation insurance.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Chase Sapphire Preferred® is accepted.
  • Chase Sapphire Preferred® reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • You need good credit to qualify.
  • Charges an annual fee of $95
  • Charges a 5% balance transfer fee.

Chase Sapphire Preferred FAQ

Does Chase Sapphire Preferred have a cash back or rewards program?

Chase Sapphire Preferred is a travel rewards card.

Chase Sapphire Preferred Rewards
Minimum rewards rate 1x
Max rewards rate 2x
Annual rewards limit N/A
Signup Bonus ($) N/A
Signup Bonus (Points/Miles) 60000
Signup Bonus Spend Requirement $4000
Signup Bonus Spend Period (months) 3 months

Does Chase Sapphire Preferred have a signup bonus?

This card doesn't offer a cash signup bonus. However, it does include a 60000 points signup bonus after spending $4000 that can be redeemed for travel, gifts, or other perks.

Does Chase Sapphire Preferred offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the Chase Sapphire Preferred benefits?

It provides the following benefits:

  • Free Credit Score
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Trip Cancellation Insurance
  • Zero fraud liability
  • Travel Accident Insurance
  • No blackout dates when redeeming miles
  • Travel Assistance
  • Reports to major credit bureaus

What are the relevant APRs for Chase Sapphire Preferred?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Chase Sapphire Preferred® has a variable purchase APR that ranges from 20.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 20.24% up to 27.24%. It also has a variable cash advance APR of 29.24% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Chase Sapphire Preferred have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Chase Sapphire Preferred have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Chase Sapphire Preferred?

The following fees apply:

Chase Sapphire Preferred Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 0%
Returned Payment Fee up to $40
Late Payment Fee up to $40

Does Chase Sapphire Preferred have a foreign transaction fee?

This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.

What is the customer service phone number for Chase Sapphire Preferred?

The Chase Sapphire Preferred customer service number is (877) 242-7372.

What is the support contact email for Chase Sapphire Preferred?

The support contact email for Chase Sapphire Preferred is customerdepartament@chase.com.

What is the Chase Sapphire Preferred login page?

You can access the Chase Sapphire Preferred login page here.

How do people rate the customer service and user experience of Chase Sapphire Preferred?

Overall, Chase Sapphire Preferred is strongly recommended based on community reviews that rate customer service and user experience.

Does Chase Sapphire Preferred® report your account activity to credit bureaus?

Yes, Chase Sapphire Preferred® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Chase Sapphire Preferred

  • Visit the Chase Sapphire Preferred website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
Annual Fee $95
No Interest Grace Period for Late Payment 21 days
Returned Payment Fee Up to $40
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Free Credit Score
  • Travel Accident Insurance
  • Travel Assistance
No Reward Expiration Period
No Blackout Dates
Rewards Rates
  • Travel
  • Airfare
  • Hotels
  • Restaurants
  • Every Purchase
Signup Bonus (points) 60,000
Cash Advance APR (Variable APR) 29.24%
APR Type Variable APR
Balance Computation daily balance method (including new transactions).
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 20.24% - 27.24%
(Verified 01/25/2023)
Balance Transfer APR (Variable APR) 20.24% - 27.24%
(Verified 01/25/2023)
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 5%
Card Type
  • Rewards
  • Balance Transfer
  • Travel
  • Bonus Offers
Card Network Visa

Chase Sapphire Preferred® Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +79, equating to 4.6 on a 5 point rating scale.

+79

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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