Chase Sapphire Preferred®: Interest rates, credit limits, cashback, and bonuses. Learn about the conditions for obtaining the card, registration and options for receiving it online or at a branch. Discover its features.
from 5000 $
Credit Limit
21.49 - 28.49 %
APR
$ 60000 points
Welcome Bonus
Details
General Info
Required documents
SSN
APR
21.49 - 28.49 %
Credit Limit
from 5000 $
Welcome Bonus
$ 60000 points
Interest rates
Shopping
21.49 - 28.49 %
APR for Cash Advances
29.99 %
APR for Balance Transfers
21.49 - 28.49 %
Do I fit in?
Credit Score
from 700
Age
from 18 years
Fees
Annual Fee
95 $
Foreign Transactions
0 %
Late Payment
up to 40 $
Returned Payment
up to 40 $
The Chase Sapphire Preferred® Credit Card offers a robust rewards program tailored for travelers and dining enthusiasts. New cardmembers can earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months. Cardholders earn 3X points on dining, including eligible delivery services, takeout, and dining out, and 2X points on other travel purchases. Additionally, they can enjoy 5X total points on travel purchased through Chase Travel (excluding hotel purchases eligible for a $50 annual credit), and 3X points on online grocery purchases and select streaming services. Points can be redeemed for travel through Chase Travel with a 25% bonus, enhancing their value for travel-related expenses.
Features
Generous Sign-Up Bonus. New cardmembers can earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months. This substantial bonus can be redeemed for travel, providing immediate value to new users.
Earn Points on Travel and Dining. Cardholders earn 3X points on dining, including eligible delivery services, takeout, and dining out, and 2X points on other travel purchases. This rewards structure caters to frequent travelers and dining enthusiasts, offering accelerated points accumulation on everyday expenses.
Additional Points Categories. Earn 5X total points on travel purchased through Chase Travel (excluding hotel purchases eligible for a $50 annual credit), 3X points on online grocery purchases, and select streaming services. This broad range of bonus categories allows cardholders to earn rewards on various spending habits beyond just travel and dining.
Pros and Cons
Pros
Redemption Options. Points can be redeemed for travel through Chase Travel with a 25% bonus, effectively making 60,000 points worth $750 towards travel expenses. This feature enhances the value of earned points and offers flexibility in how rewards are used.
Annual Bonus Points. Cardholders receive bonus points equal to 10% of their total purchases made the previous year, boosting their rewards accumulation annually. This benefit incentivizes ongoing card usage and provides additional value over time.
No Foreign Transaction Fee.The Chase Sapphire Preferred® Credit Card does not charge foreign transaction fees, making it a favorable choice for international travelers who want to avoid additional costs when using their card abroad.
Cons
Annual Fee. The card carries a $95 annual fee, which may be a consideration for users seeking a no-fee or lower-fee credit card option.
Interest Rates. Variable APRs range from 21.49% to 28.49%, depending on creditworthiness, which can be high for cardholders who carry balances from month to month.
Transaction Fees. Balance transfers and cash advances are subject to fees of either $5 or 5% of the amount transferred/advanced, which could impact users who frequently utilize these services.
How to Apply for a Chase Sapphire Preferred® Credit Card
Explore Credit Card Options. Browse through the available credit card options to find the Chase Sapphire Preferred® Credit Card. Click on the card to access more details.
Review Card Details. Take your time to review the features, benefits, and terms of the Chase Sapphire Preferred® Credit Card to ensure it meets your needs.
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
Receive Card. If approved, your Chase Sapphire Preferred® Credit Card will be mailed to the address provided during the application process.
Log In or Register. Open the Chase mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
Find Chase Sapphire Preferred® Card. Look for the Chase Sapphire Preferred® Credit Card among the available options. Tap on the card to view more details.
Start Application. Locate the option to apply for the Chase Sapphire Preferred® Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your Chase Sapphire Preferred® Credit Card will be mailed to the address provided during the application process.
In Bank's Office
Research and Preparation. Begin by researching the various credit cards offered by Chase to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
Visit a Chase Branch. Locate the nearest Chase branch by using the Chase website or mobile app. Plan your visit during the branch’s operating hours.
Meet with a Chase Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
Receive Your Card. If approved, your new credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
New Cardmember Status. The Chase Sapphire Preferred® Credit Card is available to individuals who do not currently hold any Sapphire card and have not received a new cardmember bonus for any Sapphire card within the past 48 months. This criterion ensures eligibility for those seeking to benefit from the card's introductory bonus offer.
Age Requirement. Applicants must be at least 18 years old (19 in AL and NE, 21 in Puerto Rico) to qualify for the card.
Creditworthiness. Approval for the Chase Sapphire Preferred® Credit Card is contingent upon a review of the applicant's credit report and overall creditworthiness. This assessment helps determine the APR and credit limit offered to approved applicants.
Income Verification. Chase may require verification of income during the application process to ensure applicants have the means to meet spending requirements and manage potential credit limits associated with the card.
Residency. Applicants must be residents of the United States to apply for the Chase Sapphire Preferred® Credit Card, as it is offered by JPMorgan Chase Bank, N.A., a U.S.-based financial institution.
Reasons You May Be Denied a Card
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
Access Your Account. Sign in to your Chase online banking account or mobile app to access your credit card information.
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
Choose a Payment Method. Determine how you wish to proceed with your payment. Chase provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
Mobile Payment. Alternatively, you can utilize the Chase mobile banking app to complete a payment. Choose your Chase Sapphire Preferred® credit card account and follow the prompts to finalize the payment process.
In-Person Payment. For those preferring in-person transactions, visit a Chase financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
Phone Payment. To make a payment over the phone, dial the Chase customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your Chase Sapphire Preferred® credit card account number on the check or money order and allow adequate time for delivery.
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your Chase Sapphire Preferred® credit card debt.
Editorial Opinion
The Chase Sapphire Preferred® Credit Card is designed to appeal to frequent travelers and those who spend significantly on dining and travel-related expenses. Offering a substantial sign-up bonus of 60,000 points after meeting the initial spending requirement, the card also includes perks like a $50 annual hotel credit, baggage delay insurance, trip delay reimbursement, and primary car rental insurance when bookings are made through Chase Travel. These benefits, alongside an enhanced points earning structure, make it a compelling option for individuals looking to maximize their rewards and travel benefits. However, potential applicants should note that approval generally requires a good to excellent credit score and a stable income.
Is the Chase Sapphire Preferred® Credit Card worth it?
The Chase Sapphire Preferred® Credit Card offers a comprehensive suite of benefits starting with a new cardmember bonus of 60,000 points after spending $4,000 on purchases within the first 3 months from account opening. Cardholders can benefit from a $50 annual hotel credit, baggage delay insurance, trip delay reimbursement, and primary car rental insurance when booking through Chase Travel. These features are designed to enhance the travel experience by providing financial protections and valuable perks from the moment the account is opened, making it a versatile choice for frequent travelers seeking both rewards and travel-related benefits.
Who would benefit from acquiring the Chase Sapphire Preferred® Credit Card?
Those who travel frequently or spend significantly on dining and other eligible categories stand to benefit most from the Chase Sapphire Preferred® Credit Card. The card's rewards structure is designed to cater to these expenses, offering elevated points earning rates and a generous sign-up bonus that can offset the $95 annual fee. Additionally, the flexibility in redeeming points for travel at an enhanced rate further enhances its value proposition, appealing to individuals who prioritize maximizing rewards on their everyday spending habits.
Is it hard to get a Chase Sapphire Preferred® Credit Card?
Getting approved for the Chase Sapphire Preferred® Credit Card typically requires a good to excellent credit score, as well as a stable income. While specific credit score requirements are not disclosed, applicants with higher credit scores generally have a better chance of approval. Meeting the eligibility criteria, including not currently holding any Sapphire card and not having received a new cardmember bonus for any Sapphire card in the past 48 months, is also crucial. For those who meet these criteria and actively use credit responsibly, acquiring the Chase Sapphire Preferred® Credit Card can be a straightforward process that unlocks significant rewards potential and travel benefits.