Chase Sapphire Preferred Credit Card Review

A headlining sign up offer of 50,000 bonus points rewards new cardholders for spending $4000 within the first three months after obtaining the Sapphire Preferred® Card. With each reward point retaining a value of one cent, this bonus offer equates to $500 which is a return of 12.5% on these initial purchases.

In addition to the headliner, another bonus reward of 5000 points is awarded to the account for making at least one purchase and adding an extra authorized user to the account. If $4000 is spent in the first three months and a new user is authorized to make purchases on the account, a Sapphire Preferred® cardholder receives a grand total of 55,000 reward points to the account ($550) - making this card a great rewards credit card.

New opportunities to earn double reward points present themselves when using the Chase Sapphire Credit Card. Every dollar spent on travel expenses garners two reward points which rewards travelers who bring their Sapphire Preferred® Card for the trip. Dining and restaurant expenses yield double rewards points similar to the Chase Sapphire Credit Card offer.

As is standard, general everyday purchases receive one reward point per dollar spent, and these points are redeemable once at least 2000 points are saved. Points are redeemable towards travel expenses and gift cards. When redeeming points towards travel related expenses, Sapphire Preferred® members receive an additional 25% of the points value; for instance, a redemption of 100 points is worth $1.25 instead of $1. This increase essentially provides discounts towards travel expenses such as airfare and other methods of travel.

Chase guarantees fraud liability protection for its patrons in case any fraudulent activity is detected on an account. Cardholders can enjoy that additional security when making everyday purchases. Instant alerts are available to keep cardholders updated on suspicious activity, and access to human customer service associates is readily available.

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