5 Unbelievable Benefits of Chase Sapphire Preferred

Chase Sapphire Preferred is one of the most popular premium credit cards on the market, and for good reason. It offers a wide range of benefits that can be valuable to frequent travelers and everyday spenders alike, including:
* Earn Rewards Points: Earn 2x points on travel and dining purchases, and 1x point on all other purchases.
* Redeem Points for Travel: Redeem points for flights, hotels, rental cars, and more through the Chase Ultimate Rewards® portal.
* No Foreign Transaction Fees: Avoid paying 3% fees on foreign transactions, making it a great card to use when traveling abroad.
* Trip Delay and Cancellation Protection: Get reimbursed for certain expenses if your trip is delayed or canceled.
* Lost Luggage Reimbursement: Get reimbursed for lost or damaged luggage up to $3,000 per person.

To help you get the most out of your Chase Sapphire Preferred card, we've put together a list of 5 unbelievable benefits you may not have known about:

5 Unbelievable Benefits of Chase Sapphire Preferred

Chase Sapphire Preferred is one of the most popular credit cards on the market, and for good reason. It offers a wide range of benefits that can be valuable to frequent travelers and everyday spenders alike. Here are five unbelievable benefits of the Chase Sapphire Preferred card that you may not know about:

1. Earn 3x points on dining
In addition to earning 2x points on travel and dining purchases, you can also earn 3x points on dining at restaurants worldwide with the Chase Sapphire Preferred card. This is a great way to rack up points quickly if you dine out frequently.

2. Get a $50 statement credit for adding an authorized user
If you add an authorized user to your Chase Sapphire Preferred account, you'll receive a $50 statement credit. This is a great way to get your family or friends in on the rewards action.

3. Redeem points for experiences
In addition to redeeming points for travel, you can also redeem them for experiences, such as concerts, sporting events, and cooking classes. This is a great way to use your points to create memories that will last a lifetime.

4. Get access to exclusive events
Chase Sapphire Preferred cardholders have access to exclusive events, such as cooking classes, wine tastings, and concerts. These events are a great way to meet other cardholders and enjoy some unique experiences.

5. Get 24/7 customer service
If you have any questions or need assistance with your Chase Sapphire Preferred account, you can call customer service 24/7. The customer service representatives are friendly and helpful, and they're always willing to go the extra mile to help you out.

Common Mistakes to Avoid with the Chase Sapphire Preferred

Although the Chase Sapphire Preferred is a fantastic credit card, there are some common mistakes that you should avoid in order to get the most out of it:

1. Not using the card enough
The Chase Sapphire Preferred is a great card to use for everyday spending, but if you don't use it enough, you won't be able to earn as many rewards points. Try to use your card for as many purchases as possible, even small ones.

2. Redeeming points for cash
While you can redeem Chase Sapphire Preferred points for cash, it's not the best value. You'll get more value by redeeming your points for travel or experiences.

3. Carrying a balance
The Chase Sapphire Preferred has a high annual percentage rate (APR), so it's important to pay off your balance in full each month. If you carry a balance, you'll end up paying more in interest charges than you would in rewards points.

4. Not taking advantage of the benefits
The Chase Sapphire Preferred offers a wide range of benefits, but many cardholders don't take advantage of them. Be sure to use the card's benefits, such as the trip delay and cancellation protection, the lost luggage reimbursement, and the access to exclusive events.

5. Not reading the terms and conditions
It's important to read the terms and conditions of the Chase Sapphire Preferred card before you apply. This will help you understand the card's benefits, fees, and other important information.

Strategies to Maximize Your Rewards with the Chase Sapphire Preferred

There are a number of strategies you can use to maximize your rewards with the Chase Sapphire Preferred card, such as:

1. Use the card for all of your travel and dining purchases
This is the most obvious way to earn rewards points with the Chase Sapphire Preferred card. Every time you use the card to purchase travel or dining, you'll earn 2x points.

2. Take advantage of bonus categories
The Chase Sapphire Preferred card offers bonus categories each quarter. These categories change each quarter, so be sure to check the Chase website to see what they are. You can earn 3x points on purchases made in the bonus categories.

3. Use the Chase Ultimate Rewards® portal
The Chase Ultimate Rewards® portal is a great way to redeem your points for travel. You can use the portal to book flights, hotels, rental cars, and more. You'll often get a better value for your points when you redeem them through the portal.

4. Transfer points to travel partners
The Chase Sapphire Preferred card allows you to transfer points to a number of travel partners, such as United Airlines, Southwest Airlines, and Hyatt Hotels. This can be a great way to use your points for specific travel redemptions.

5. Use the card for everyday purchases
Even if you don't travel frequently, you can still earn rewards points with the Chase Sapphire Preferred card. You'll earn 1x point on all other purchases, so every purchase you make will help you earn rewards.

Pros and Cons of the Chase Sapphire Preferred

The Chase Sapphire Preferred card has a number of pros and cons, such as:

Pros:

• Earn 2x points on travel and dining purchases, and 1x point on all other purchases
• Redeem points for travel, experiences, and cash
• No foreign transaction fees
• Trip delay and cancellation protection
• Lost luggage reimbursement
• 24/7 customer service

Cons:

• High annual fee ($95)
• High APR
• Not the best card for carrying a balance

Overall, the Chase Sapphire Preferred is a great credit card for frequent travelers and everyday spenders alike. If you're looking for a card that can help you earn rewards points on your travel and dining purchases, the Chase Sapphire Preferred is a great option.

In addition to the benefits listed above, the Chase Sapphire Preferred card also offers a number of other perks, such as:

• Purchase protection: Your purchases are protected against damage or theft for 120 days.
• Extended warranty: The warranty on your purchases is extended for one year.
• Auto rental collision damage waiver: You're covered for damage to rental cars in the United States and most foreign countries.

The Chase Sapphire Preferred card is a great value for the annual fee. If you're looking for a premium credit card that can help you save money on travel, the Chase Sapphire Preferred is a great option.

Conclusion

The Chase Sapphire Preferred card is one of the most popular credit cards on the market for good reason. It offers a wide range of benefits that can be valuable to frequent travelers and everyday spenders alike. If you're looking for a card that can help you earn rewards points on your travel and dining purchases, the Chase Sapphire Preferred is a great option.