Review: Chase Sapphire Preferred Credit Card – A Powerful Travel Rewards Card!

Does $400 cash or $500 toward travel sound good?

The Chase Sapphire Preferred SM В CardВ is offering this hefty bonus right now!

Charge $3,000 to the card within the first three months, and you get 40,000 bonus points. В Best of all, it comes along with a great travel rewards card.

Now to get into the meat of what makes the Chase Sapphire Preferred credit card so good…

Note there’s an Annual fee of $95, which is waived the first year. В However, the initial bonus alone more than makes up for the even first few years. В Think about that… It’s like they are covering the annual fee for the card for five years (if you redeem your initial points for cash).

There’s a lot beyond that initial bonus, though.

First of all you earn points for EVERY purchase you make – 1 per $1 spent.

Then, you earn 2 points per $1 spent on travel— airfare, hotel rooms, cruises, rental cars, train tickets, taxis – even tolls.

With this card you also earn 2 points for every dollar you spend at restaurants – from fast food to fine dining.

If you book your travel through their Ultimate Rewards site, you get an additional 20% off of your purchase. В So, right off the bat you could purchase a free $500 flight with your 40,000 bonus points.

In addition to the 2 points for purchasing travel, you also earn an additional 1 point for each $1 of airfare and hotel accommodation net purchases when you book at (for a total of 3 points).

The prices on the site don’t seem to be marked up from real world prices and there are NO blackout dates on when you can travel.  Do some comparison shopping with airline and discount travel sites and you should be able to come up with the best use for your points.

One pretty unique benefit: you will receive a yearly points bonus of 7% of all the points you earned in the previous year, even if you’ve used them already.  So you will actually have 42,800 points at the end of the first year, or 2,800 if you use your 40,000.  (For the first year, the points that earn the bonus are those accrued from the time you enroll through your December statement date of that same year.  After that, it’s the twelve month period beginning the day after your December statement date through your December statement date of the next year)

You can take your time figuring out what you want to do with those points – they don’t expire!  If you have other Chase cards that earn ultimate rewards, you can combine the points, giving you greater purchasing power.  Points are unlimited, too, so you don’t have to worry about caps on the rewards you should be earning.

The Chase Sapphire Preferred allows you to transfer points 1:1 to a number of travel programs.

Are you enrolled in any frequent travel programs?

You can transfer your points from this card with no transfer fees and at full 1:1 value – that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.

Let’s go over that again because it’s important — earning points on this card can get you free flights or travel.

Participating travel programs include:

  • British Airways Executive Club
  • United MileagePlus В®
  • Southwest Airlines Rapid Rewards В®
  • Korean Air SKYPASS
  • Virgin Atlantic Flying Club
  • Amtrak Guest Rewards В®
  • Hyatt Gold Passport В®
  • Marriott Rewards В®
  • Priority Club В® Rewards
  • The Ritz-Carlton Rewards В® .

So, if you’re already really into getting rewards for travel, a card that is this flexible can really help you rack up the rewards.

With one card you get rewards that can be transferred to a number of air and hotel programs giving you the potential to save a lot on travel. В Of course you have to make sure the programs they transfer to are actually the ones you use. В Off the bat you can see they don’t cover American Airlines, Delta or Jet Blue. В Other credit card companies have relationships with those airlines. В Still, just about all the other major programs are covered here.

This card also provides an EXCELLENT perk for anyone who travels internationally: There are NO foreign transaction fees on purchases you make abroad.  These fees can often be as much as 3%.  Even American Express Gold doesn’t have this benefit.

For the money it could possibly save you on these fees, Sapphire Preferred could be a great foreign travel card for this reason alone.

Good customer service can seem impossible to come by these days, so it’s helpful that the card comes with 24/7 support that answers the phone directly without ANY prompts.

Least importantly (but still a teensy bit fun) – this card is made of metal, not plastic. В So it feels heavy and not chintzy like most cards. В Expect many oohs and aaahs from servers and cashiers. В Granted you shouldn’t get the card based on its material. В It’s just a nice side-feature to go with everything else.

Just want to redeem your points for some cold, hard cash? В Get cash back via check, statement credit, or even direct deposit to your Chase checking or savings account.

Remember: to qualify and receive your 40,000-point bonus, you must make purchases of $3,000 or more during the first 3 months from account opening.  (Purchases do not include using your account for balance transfers or cash advances, or using any checks that access your account.)  After qualifying, it will take 6 to 8 weeks for bonus points to post to your account. This must be the first time you’ve opened an account with this card to be eligible for the bonus, and the account must be open and not in default at the time that your bonus is due to you.

It’s a little high, but for many, $3,000 in three months shouldn’t be hard to spend if you charge all your expenses on this card.

But remember — this bonus isn’t worth anything if you can’t pay your statement in full each month!

The APR varies with the market and is based on the prime rate (as most cards are). В Pay your minimum payment late one time, and the penalty APR can jump close to 30%В indefinitely. В Paying practically a third of what you owe them in interest each month can lead you into some VERY dangerous territory. В So, obviously, make sure you are in a position to use this card responsibly before applying.

Those are the basics, but you can save extra on travel, purchases and enjoy some unique experiences with this card on their Ultimate Rewards site if you do your research.

  • Vacation Packages – Many packages that include hotel stays, meals and more are available.
  • Get extra points when shopping – You can get up to 10 extra points for every dollar you spend when you shop through the Ultimate Rewards Mall. Basically you click on a link to the retailer, and you buy the item at the merchant’s own site. Under the link it will say how many extra points you will earn per dollar spent. You have to click through this link to get the extra points!
  • Gift Cards Discounts — В You can buy gift cards with you points at face value but there are usually a selection of gift cards on sale for LESS than the value of the gift card.

The fun aspect of this card is that you can get exclusive experiences with it. В These include VIP access to concerts, sporting events, movie premieres, food and wine tastings and more. В Some experiences can be bought with rewards points or cash, and some are auctioned off to the highest bidder (of points or cash). В Some things are offered free just for being a cardmember.

Just for fun, here is a sampling of experiences available for purchase right now:

  • Ever dreamed of attending the Sundance Film Festival? В Chase Sapphire has packages for sale you can buy with points or cash that include hotel rooms, screenings, VIP events and more.
  • How about a free ticket to a star-studded event in L.A.? В Sapphire Preferred cardmembers get a free ticket to the American Giving Awards, or can buy access to afterparties and other VIP events at the show…even walk the red carpet. Or dine with the celebrities over a meal prepared by a world-renowned chef.
  • Sports Fan? Watch a NY Jets game from the green room or attend a warm-up session.

These kinds of experiences tend to be pricey, though.

Other more accessible experiences:

  • Tickets to shows — like to the Radio City Music Hall Christmas Spectacular, or Yo Gabba Gabba live…many with options to meet performers, attend afterparties and more.
  • Travel experiences — Already planning a trip somewhere? The card offers you unique experiences in many places across the country and around the world. Many of them are pretty decently priced, and as usual can be bought by points, cash, or both. For example – A walking tour and/or cooking demo in New Orleans,В a sunset clambake in Massachussetts, a New England cruise and lobster dinner, or a whitewater rafting trip down the rivers of Colorado.

All in all, the card is a great travel rewards card, mostly due to the double points on travel and dining and the great perk of no foreign transaction fees. You also get the power to transfer your points 1 for 1 to a number of frequent flyer plans.

If you travel this can be a powerful card to have in your arsenal!

The huge bonus they’re offering right now doesn’t hurt, either.

*Be smart and make sure you read through the card details to make sure this card fits your needs and you understand the terms and conditions. Be aware that the terms may change after this article’s publication.

Is the Chase Sapphire Preferred the Best Travel Rewards Credit Card?

For the last few years, the Chase Sapphire Preferred® Card has been at the top of personal rewards credit cards, and the Chase Sapphire Preferred (CSP) is still the first travel rewards card that I recommend to new readers, friends, & family. Let me review why, and how the Chase Sapphire Preferred is head & shoulders above the competition.

Link to apply and see more details on Chase’s secure site: Chase Sapphire Preferred® Card

Tremendous Chase Sapphire Preferred Offer

The Chase Sapphire Preferred® Card currently has an offer of 50,000 Ultimate Rewards points after spending $4,000 in 3 months. Plus, you’ll receive an additional 5,000 Ultimate Rewards (UR) points if you add an authorized user and they make a purchase in the same time period. This is a tremendous bonus, and Ultimate Rewards points are my personal favorite rewards points, mostly for their flexibility.

Chase Sapphire Preferred

The Ultimate Rewards program is what makes the Sapphire Preferred a top card. Of course, you can redeem UR points for merchandise, gift cards, cash back, or for statement credits.

After spending $4,000 in the first 3 months with your Chase Sapphire Preferred® Card, you would have 54,000 Ultimate Rewards points, or $540 cash back! Ultimate Rewards points can be redeemed at a 1:10 ratio for cash back.

For travel, you can redeem your Ultimate Rewards points through their online portal, and you will get a 20% discount. So, 50,000 points is worth $625 in travel when you redeem your UR points through their website. Not bad. This can be a good use of your UR points if you want to book a cruise or domestic flight (when there’s no availability on a transfer partner, or you want to fly an airline that isn’t a transfer partner).

Should the Chase Sapphire Preferred be the First Rewards Card You Apply for Today?

It is harder to get approved for the Chase Sapphire Preferred than it was a couple years ago. Many people are reporting being denied if they have had more than 5 other credit card applications in the last 24 months. This means that it’s more important than ever to apply for the Chase Sapphire Preferred® Card before other cards if you’re new to travel rewards credit cards. Simply because if you were to apply for some other cards before the CSP, you wouldn’t be eligible, and no one wants that.

If you’ve had the Chase Sapphire Preferred card before, you can apply again as long as it’s been 24 months since you last received the bonus (and you’re within the rules above).

Ultimate Rewards Transfer Partners

Now, to my favorite part. The Ultimate Rewards transfer partners are a huge reason why the Chase Sapphire Preferred® Card is the first card I recommend to new users. You can just do so many things with your points. Whether your travel goal is an international trip to Europe, or you just want to go to Orlando, Florida, Ultimate Rewards points can make it happen.

Domestic airline transfer options include Southwest and United. I just flew Southwest from Austin to Newark for just over 7,000 points one-way. And United domestic awards start at 10,000 miles one-way. But the great thing about being able to transfer your UR points out to travel partners is that once you have a mile in a certain airline’s loyalty program, you can fly ANY airline that’s a partner or in the same alliance as that airline. Let me explain –> You can fly American Airlines by transferring your Ultimate Rewards points to British Airways Avios because they are in the same OneWorld Alliance. And British Airways has a distance-based award chart that starts at only 4,000 miles one-way internationally, and 7,500 Avios domestically. Whaaaaat.

You can also use your UR miles to transfer out to Singapore Airlines and fly United domestically since they are both in the Star Alliance. Why do that? Because you can actually use less Singapore miles for United flights domestically (40k round-trip in business) and to Hawaii (35k round-trip in economy) than through redeeming with United miles. Go figure.

Don’t care about domestic flights? Let’s talk about how to use your Ultimate Rewards points for international travel. I love transferring my UR points out to Singapore Air for travel in one of their premium cabins.

You can fly Singapore Suites for as cheap as 57,375 Krisflyer miles from JFK-FRA. United airlines is also a great option for international flights, since they have a lot of flights to & from a lot of cities. For example, award flights to Europe start at only 60,000 miles one-way in economy. United is in the Star Alliance, where a favorite airline of mine, Lufthansa, is also a partner. There was even a sale this year on Lufthansa business class awards through United. 57,500 United miles for a Lufthansa business class seat is a good deal.

I’ve also used my Ultimate Rewards points from my Chase Sapphire Preferred® Card many times for hotel redemptions. Usually, I’m transferring my UR points out to Hyatt for an award stay or cash & points stay. We recently stayed at 2 Hyatt properties in Australia, and loved both of them. Hard not to like a Park Hyatt, though.

The full list of Ultimate Rewards partners are: United, Southwest, British Airways, Korean Air, Virgin Atlantic, Hyatt, Marriott, Ritz-Carlton, Marriott, IHG, and Amtrak.

Transferring Ultimate Rewards points to travel partners can help keep points active.

Other Perks of the Chase Sapphire Preferred Card:

The value of Chase Ultimate Rewards points is what really sets the CSP apart from competitors, but it still has a lot of daily spending and travel perks.

You will earn 2x UR points on dining and travel purchases. Nifty. It’s also great for traveling since there are no foreign transaction fees, and it’s enabled with chip technology.

I’m also a big fan of their dedicated customer support that you have by calling the number on the back of your card. Other travel benefits include trip cancellation/insurance, baggage or trip delay reimbursements, primary CDW car rental insurance, and travel accident insurance. Plus, you get the benefits of purchase protection and extended warranty on eligible purchases.

The Chase Sapphire Preferred is also a Visa Signature card, so it comes with additional sweet benefits.

The Chase Sapphire Preferred card is still the first rewards card I recommend to friends, family, and readers. And it’s more important than ever for it to be the first travel card for someone new to miles & points to apply for. Ultimate Rewards rock. They give you the ability and flexibility to travel all over the world, in the style you prefer. Or you can just receive cash back. That’s flexibility!

Link to apply and see more details on Chase’s secure site: Chase Sapphire Preferred® Card

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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Top 10 Chase Sapphire Preferred Credit Cards!

It’s no secret that the Chase Sapphire Preferred® Card is the greatest, most awesome thing in the world and that you should totally apply for it. But you know what’s even better than the most awesome thing in the world? The ten most awesome things in the world! Here’s a list of the top 10 Chase Sapphire Preferred® Cards ever:

9. Chase Freedom® Card: It wants to be as cool as the Chase Sapphire Preferred® Card, but it’s not, because it’s only a Chase Freedom® Card. But still, it’s a quality credit product offered by Chase which means that it’s still awesome, just not as awesome as the Chase Sapphire Preferred® Card.

7. Chase. Sapphire. Preferred. ®. Card: You see how there are periods between each word? And how even the registered trademark symbol got its own period? All I’m saying is, there aren’t many cards that could pull that off. You think your Arrival card could? Think again, pal.

6. That Chase Sapphire Preferred® Card that got stolen, but it was okay because customer service took off the fraudulent charges and rushed you a new card: As if this card couldn’t get any more awesome, right?

5. Pulaski Bank Visa Credit Card: I’m not sure why that one is here, but internet top ten lists don’t lie! I guess it’s pretty awesome!

4. Pulaski Bank Visa Credit Card: Did the list mean the Chase Sapphire Preferred® Card instead? No? Okay then, we’ll go with this, I guess.

2. Chase Sapphire Preferred® Black Card: You have to be a big spender to even be invited to apply for this super-elite card, which gets you into super-elite places like large airport lounges at major airports. OK, sure, technically this card doesn’t exist. But how can you get something close to it, if it did? By applying for the Chase Sapphire Preferred® Card today!

1. Hawaiian Airlines® World Elite MasterCard®: The Chase Sapphire Preferred® Card is the most awesome thing in the world. But the The Hawaiian Airlines® World Elite MasterCard® is the most awesome thing in the universe.

The Chase Sapphire Credit Card Has Only One Drawback

I have been using my Chase Sapphire credit card for a while now, and up until a few days ago have found the customer service, cardholder experience, and rewards all to be absolutely amazing -- in fact, I gave a strong recommendation for Sapphire on my site and suggested Outlaw's readers sign up through the link published there, so that they could experience first-hand what having a best of class high-end Visa Signature card is like.

Sapphire's rewards are undoubtedly awesome -- you earn Chase Ultimate Rewards points with each purchase you make, and I call Ultimate Rewards a "hybrid rewards program" since points can be redeemed for simple cash back or statement credit. OR can be used to book a flight or hotel reservation through the Ultimate Rewards web site (I've done this before, and it is a great experience -- if you "fall short" of the necessary points, you can pay the difference using your card -- that's very convenient, as some of the other popular rewards programs don't allow you to do that).

So what do I dislike about Sapphire, then? A few days ago, I logged in and noticed that my credit line had been drastically reduced -- without warning -- down to an abysmal $3,700.

I wasn't warned beforehand in any way -- had I not logged into Chase's site that day, it's possible I could have gone over my credit limit.

I called customer service right away to get some answers. They said a letter was mailed notifying me of the credit limit slash-down (I received that letter just today, actually) and that the reason why I'd been reduced had to do with having high balances on my other credit card accounts.

Fair enough. Over the past couple months, I have run up large balances -- significantly increasing my personal debt load and utilization ratio. Outlaw has been growing rapidly, and so I've been aggressively advertising the site so that it grows at an even faster clip -- when something works, you double down on it. And debt has been necessary as a tool lately since some of the site's advertisers have not been paying on schedule.

Despite my dip back into the land of debt, my income remains fairly high, and I have been making large payments (all greater than $1,000) to my Chase Sapphire card regularly, which I would think shows that I am not a substantial credit risk here -- I brought these points up with customer service, but to no avail.

So, in summary: Chase Sapphire remains one of the best hybrid rewards credit cards out there, in my opinion, especially if you grab it while it has no annual fee attached. And it's an aesthetically pleasing card -- you will get comments from bartenders and store clerks when you use it, due in part to Chase's highly visible advertising campaign for the card.

But check your available credit line often. They apparently can, and will, slash you down if your credit habits change a lot in a short period of time, as mine did. This certainly is not cool, and it tarnishes what is otherwise one of the finest Visa Signature products out there.

Disclosures: I used to review credit cards for a living. Also, my web site has a financial relationship with Chase -- we participate in their affiliate program. No financial relationship or position on Visa Inc or any other company mentioned in this story at time of publication.

Read the original article on David Seaman Online. Copyright 2011.

saphire credit card

Saphire credit card

Chase Sapphire Preferred Credit Card Login | Make a Payment

Cardholders of the Chase Sapphire Preferred Credit Card can manage their credit online through a safe and secure web portal that allows them to make immediate payments on outstanding balances as well as activate any newly received cards. If you or someone you know is having difficulty accessing the online account, then scroll down this page and follow the instructions provided in our login and activation guides. We hope it helps you manage your credit in the way that you feel comfortable.

At this moment we want to remind our readers of the importance of reviewing the online privacy policy. Doing so ensures that you are fully aware of how your personal information is going to be handled and protected throughout the login process.

You first need to go to the login homepage, pictured below.

Enter your User name and Password in the blank space provided and click the Sign in button to gain access to your online account. If you have forgotten your login information click the Forgot user name/password? link and you will be redirected to a retrieval page.

You will then need to enter your Social Security Number in the blank space provided in order to begin the login information retrieval process.

In order to activate your newly received card you must do so by either calling the activation number listed above or by using your online account. If you have not registered for an online account yet you may do so by clicking the Secure activation link above. On the following page click the Not enrolled? Sign up now link.

On the following page, enter your Chase account, credit or debit card number and your Social Security Number in the blank space provided.

On the following pages you will be required to create an Identity Code, a Password, review the legal agreements and services, and verify that the information you have entered is correct. Once completed, you will have enrolled for an online account and will be able to activate your newly received Chase Sapphire Preferred Credit Card.