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  Chase Sapphire Preferred

Chase Sapphire Preferred

in Personal Credit Cards from Chase Bank

Claimed

Chase Sapphire Preferred

Claimed

in Personal Credit Cards from Chase Bank

SuperMoney Net Recommendation Score +78

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

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

33 users recommend
7 users are unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 15.99% - 22.99%
Balance Transfer APR  (Variable APR) 15.99% - 22.99%
Credit Score Range 700 - 850
Annual Fee $95
Number of Reviews 41

Chase Sapphire Preferred Review

This is a rewards credit card issued by Chase Bank. If you're wondering whether Chase Sapphire Preferred is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • Signup bonus. Offers a signup bonus of 100000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Chase Sapphire Preferred has a variable purchase APR that ranges from 15.99% up to 22.99%.
  • Annual fee waived the first year. Chase Sapphire Preferred gives you the chance to have the card for a year without paying the $95 annual fee.
  • 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
  • Lower than average purchase APRs.
  • Annual fee waived during the first year.
  • 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 their purchases.
  • Chase Sapphire Preferred reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • 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 with a maximum rewards rate of 2x points.

  • 2x Points Travel
  • 2x Points Airfare
  • 2x Points Car Rentals
  • 2x Points Hotels
  • 2x Points Restaurants
  • 1x Point Every Purchase
Chase Sapphire Preferred Reward Terms
Annual rewards limit N/A
Signup Bonus (Points/Miles) 100,000
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 100,000 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. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 15.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 22.99%. It also has a variable cash advance APR of 24.99% . 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 $39
Late Payment Fee up to $39

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.

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

Feature Breakdown

Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
No Annual Fee First Year
No Interest Grace Period for Late Payment 21 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee $95
Returned Payment Fee Up to $39
Late Fee Amount Up to $39
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
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 Categories
  • 2x Points on Travel
  • 2x Points on Airfare
  • 2x Points on Car Rentals
  • 2x Points on Hotels
  • 2x Points on Restaurants
  • 1x Point on Every Purchase
Signup Bonus (points) 100,000
Cash Advance APR (Variable APR) 24.99%
Balance Computation daily balance method (including new transactions).
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 15.99% - 22.99%
Balance Transfer APR (Variable APR) 15.99% - 22.99%
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 +78, equating to 4.6 on a 5 point rating scale.

+78

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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