The Chase Sapphire Preferred Card’s generous 60,000-point sign-up bonus makes it one of the top initial offers available; but beyond its initial bonus offer are many additional benefits to enjoy with the card.
Point transfers with travel partners often offer enormous value, while other Chase Sapphire Preferred Card benefits include access to airline lounges and hotel perks as well as no foreign transaction fees.
1. Trip Delay Coverage
Chase Sapphire credit cards provide cardholders with access to unique travel insurance benefits that cannot be found elsewhere. From trip delay reimbursement and primary rental car collision damage waiver coverage, to trip delay reimbursement and primary rental car collision damage waiver coverage; these additional perks provide extra peace of mind when traveling abroad.
Sign-up bonuses of 60,000 points when spending $4,000 within three months of opening an account are only part of what this card has to offer – its flexible redemption options, primary auto rental collision damage waiver coverage and host of travel perks come standard for only $95.
One of the card’s distinguishing features is trip delay coverage, which reimburses reasonable out-of-pocket expenses when your trip must be cancelled or shortened due to weather, airline bankruptcy or natural disaster. This benefit covers not only cardholders but their spouse or domestic partner and any dependent children under 22 as long as their ticket was purchased with Chase Sapphire Preferred card.
Alternatively, should an event of bad weather or other unforseen circumstance strand you at an airport, the card offers primary baggage delay coverage that provides up to $100 daily coverage up to five days for essential items (like toiletries or chargers) provided that your bag was checked onto your flight and has been delayed more than 12 hours.
2. Emergency Assistance
The Sapphire Preferred Card provides an impressive signup bonus and numerous travel perks, including baked-in trip cancellation and interruption insurance, baggage delay coverage and primary auto rental collision damage waiver coverage.
This card provides emergency assistance services for cardholders on the go. With just a small fee, cardholders can find help locating medical or legal aid or finding someone lost during travel abroad; additionally, lost/stolen card issues as well as credit report errors are resolved faster.
Cardholders can also claim reimbursement of application fees charged to the card for NEXUS, Global Entry or TSA PreCheck applications; additionally they can take advantage of roadside assistance benefits like standard towing, jump starting and battery service as well as fuel delivery.
Finally, the Chase Sapphire Preferred card’s primary car rental collision damage waiver covers up to the actual cash value of most rented cars in the U.S. and worldwide when you decline rental company collision and loss damage waivers – an invaluable perk that may easily offset its $95 annual fee for frequent travelers. Additional card benefits include elevated rewards rates on dining purchases and certain grocery orders made online, 12 months of complimentary membership of DashPass for DoorDash/Caviar deliveries, as well as 5X points earned for Lyft rides through March 31, 2025! And Chase Sapphire Preferred cardholders can earn 5X points through March 31, 2025!
3. Travel Accident Insurance
Chase Sapphire cards are among the best travel credit cards on the market thanks to their extensive travel-related perks and coverage, from trip delay insurance to primary rental car coverage – these benefits can save both money and stress while you travel.
Chase Sapphire Preferred Card’s most valuable travel benefit is its free travel accident insurance policy, providing protection for you and your immediate family against accidental limb, speech, and hearing loss while traveling – with coverage up to $500,000 when traveling on common carriers or up to $100,000 at other times during your journey.
Trip protection coverage is included when making any prepaid tour, vacation, or trip charged to your card. Trip interruption protection provides reimbursement of expenses when an unexpected situation arises, such as severe weather preventing travel plans from going ahead as planned or finding your primary home uninhabitable due to quarantine orders.
This card provides primary rental car insurance – an extremely rare feature at this price point. This coverage offers collision damage waivers on any rental that you charge to your card; however, this perk doesn’t include personal auto policies or damage caused by unsafe or off-road driving. Although its full value remains hard to assess, we estimate its worth as between $150-200 annually.
4. Global Entry or TSA PreCheck Fee Reimbursement
Travel credit cards often offer benefits that last only temporarily, such as access to free airport lounges or increased redemption rates on hotel and car rental purchases. When these perks expire, the card loses some value; but with Chase Sapphire Preferred Card’s lifetime perks you get plenty of value even while holding it!
As one example, this card reimburses your Global Entry or TSA PreCheck application fee of $100 per person; many other cards do not provide this benefit, making this card even more desirable.
This card also reimburses up to $500 in pre-paid travel expenses if your flight is delayed more than 12 hours and requires an overnight stay, making this an attractive alternative to most airlines’ own baggage delay policies that can cover expenses like food and hotel stays.
Other benefits related to travel include a $300 annual travel credit and complimentary lounge access. Furthermore, you’ll earn 3 points for every dollar spent on dining (including delivery/takeout/online grocery shopping/streaming services) more generously than on Chase Freedom card (which only offers 2 points). Furthermore, real-time fraud monitoring notifies you via text message, email alert or phone call when there is any unusual activity on your account – an invaluable feature which can save both hassle and stress while traveling either domestically or internationally.
5. No Foreign Transaction Fees
Purchases made abroad may incur unexpected charges and fees. When using credit cards to pay in a foreign currency, their networks may convert that amount back into dollars at different exchange rates than what the market provides (and even worse!). Chase Sapphire Preferred Card does not impose foreign transaction fees, potentially saving money with purchases made overseas.
Chase Sapphire Preferred Card does not charge a foreign transaction fee when redeeming points through Chase Ultimate Rewards for travel through their portal, providing greater value than simply converting points to cash back or statement credits. Chase Ultimate Rewards also features over 20 transfer partners including major airline alliances and hotel programs allowing you to maximize value from rewards earned with this card.
Make use of your card outside the travel category to unlock additional perks, like a free six-month membership in Instacart+ and $15 quarterly credit on eligible pickup orders, plus earn a 10% annual point bonus on all spending! Plus, there’s no fee associated with adding an authorized user – they will get all of your points, benefits, credit reporting capabilities as you would! This can be invaluable help for someone just beginning their credit journey!
6. Additional Year of Purchase Protection
The Chase Sapphire Preferred Card’s benefits stand out among rewards credit cards in several ways, offering twox points on travel-related purchases while offering multiple redemption options, such as cashing out at one cent per point for gift cards, restaurant or hotel certificates, Gopuff subscription, Instacart+ membership for six months and an instant statement credit of $10 from Gopuff – which could come in handy when traveling abroad or reserving restaurants or activities abroad; Chase also waives foreign transaction fees for all cardholders including authorized users!
An additional year of purchase protection can also save money; it reimburses eligible items lost or stolen within 120 days from their initial purchase date and has an original manufacturer warranty of three years or less (excluding motorized vehicles, used goods and items bought to resell). However, eligible items do not include motorized vehicles, used goods, software and any items bought specifically to resell).
Addicting authorized users to your Chase Sapphire Preferred card account can be an excellent way to increase points or build credit history earlier in life, though be mindful that you will ultimately be responsible for paying all charges incurred by them. Therefore, only add trusted individuals who can afford their payments on time as late payments could adversely impact your score.