Chase Sapphire Preferred Review

Chase Sapphire Preferred is a rewards credit card issued by Chase Bank. 

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 700.

If you're wondering whether Chase Sapphire Preferred is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a Chase Sapphire Preferred cash back or rewards program?

Chase Sapphire Preferred offers a rewards program to its customers.

This card features rewards for purchases in the following categories:

• Airfare
• Every Purchase
• Hotels
• Restaurants
• Trains, Cruises, Other Travel

Chase Sapphire Preferred Rewards

Rewards rate (all purchases)	1%
Max rewards rate	2%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$4000

What are the Chase Sapphire Preferred benefits?

Chase Sapphire Preferred provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Fraud Liability
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Chase Sapphire Preferred?

Chase Sapphire Preferred has a variable purchase APR that ranges from 17.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 24.49%.

It also has a variable cash advance APR starting at 26.49% .

What are the Chase Sapphire Preferred fees?

$95 Annual Fee. Chase Sapphire Preferred charges an annual fee of $95. However, Chase Bank will waive the annual fee for the first year. No foreign transaction fee. Chase Sapphire Preferred does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

The following fees apply to Chase Sapphire Preferred:

Chase Sapphire Preferred Fees

Fees	Amount
Annual Fee	$95
Foreign Transaction Fee	0%
Balance Transfer Fee	5%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	$37
Late Payment Fee	$37

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

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

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Chase Sapphire Preferred

• Visit the Chase Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.