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Updated September 3, 2018

Chase Sapphire Preferred Benefits

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Chase Sapphire Preferred has benefits you may not know about. Don't waste these valuable perks. Read this guide to understand your benefits and get the most value.

With 2x points on travel and dining, and a 1:1 transfer to airline and hotel partners, the Chase Sapphire Preferred is one of the most popular travel reward cards on the market.

Deal: Chase Sapphire Preferred current promotion is worth $625 in travel. Here is how it works: You earn 50,000 bonus points after spending $4,000 within the first 3 months. 50,000 points is worth $625 in travel through Chase's travel portal.

But did you know it also comes with a slew of other benefits and protections? These include:

We cover all these lesser-known benefits below. But first, check out this breakdown of Chase Sapphire Preferred's points system.

Chase Sapphire Preferred Overview

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

It's easy to see why Chase Sapphire Preferred is one of the best travel cards. Read on for our guide to its perks.

Travel Benefits

  1. Trip Cancellation/Interruption
    If you've paid for your travel with the card, you can get reimbursed up to $10,000 if your eligible trip is interrupted by weather, illness, or other covered circumstances. This applies for pre-paid, non-refundable expenses, including airfare, hotels, and tours.

  2. Trip delay reimbursement
    If your common airline is delayed more than 12 hours or overnight, you can be reimbursed up to $500 each person for eligible expenses such as lodging, meals, and toiletries.

    What credit cards are best for travel?
    This depends on what kind of traveler you are and what you want. Our favorite credit cards for travel are:

  3. Lost baggage reimbursement
    You and your immediate family members can be reimbursed for check-in or carry-on luggage that is damaged or lost by the airline. You can get up to $3,000 per passenger (including up to $500 per person for jewelry, watches, and electronics).

  4. Baggage delay reimbursement
    If your baggage is delayed for over 6 hours after you arrive, you can be reimbursed up to $100/day for 5 days for essentials, such as toiletries and clothes.

  5. Travel Accident Insurance
    When you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive accidental death or dismemberment coverage up to $500,000.

  6. Emergency Assistance Referral
    If you ever need emergency help while away from home, Chase will provide referrals and assistance for free. This includes:

    • Referring you to English-speaking doctors or hospitals
    • Referring you to English-speaking attorneys or U.S. embassies or consulates
    • Arranging for emergency transportation home or to a hospital
    • Transporting vital documents you may have left at home
    • Arranging for delivery of a replacement ticket

    You WILL have to pay for the cost of these services. But the assistance and referrals are free of charge.

Chase Sapphire Preferred Travel Benefits

Chase Sapphire Preferred also has great travel protections if you're planning on renting a car. We'll explain below.

Auto Benefits

  1. Primary Car Rental Insurance
    Perhaps the most useful of all its benefits, Chase Sapphire Preferred offers primary - not secondary - collision and damage insurance for most rental cars when you pay the entire car rental fee in full.

    This means you can decline the rental company's expensive collision and damage insurance add-ons.

    Better yet, you'll get up to the actual cash value of the car for theft and collision in the U.S. and abroad. Note: this does not include expensive and exotic car models.

  2. Roadside Assistance
    If you ever find yourself stuck on the side of the road while traveling, Chase has a a 24-hour hotline offering:

    • Towing up to 5 miles
    • Jumpstarting
    • Tire change (provided you have a spare)
    • Locksmith services
    • Gas fill-ups up to 5 gallons

    Note: these services are NOT free.

    Chase's hotline number is 1-800-847-2869.

Purchase Benefits

  1. Purchase Protection
    On most purchases with the Chase Sapphire Preferred, you can be reimbursed up to $500 if the eligible item is damaged or stolen within 120 days from purchase.

    If the item was stolen, you must file a police report within 48 hours of the theft. And if the item is damaged, the reimbursement will be for the cost of repair or replacement (or up to $500).

  2. Extended warranty
    For eligible purchases with a U.S. warranty of 3 years or less, you get an additional one year warranty added when you purchase the item with Chase Sapphire Preferred card.

    You also get up to $10,000 per claim, with a maximum $50,000 per account. And make sure you keep the receipts.

Chase Sapphire Preferred Purchase Benefits

What is Chase Ultimate Rewards?

Chase Ultimate Rewards is one of the best credit card travel programs. There are lots of ways to earn extra points, so racking up more points is even easier.

Can I transfer my Chase Freedom points to Sapphire Preferred?
Yes. The Chase Freedom card is part of the Ultimate Rewards family, so you can combine points. It's a smart idea to do so, as transferring points to Sapphire Preferred will allow you to use them to redeem for travel at higher value.

To combine points from multiple Ultimate Rewards cards, you simply:

  • Log into your Chase account
  • Go to the Ultimate Rewards page
  • Select the card from which you want to transfer your points

Once you're in the dashboard for that card, you'll find the "Combine Points" on the top menu. Just select the card you want to transfer points.

Chase offers you several ways to redeeming your Ultimate Rewards point, too. With the Preferred card, it's even more rewarding since you can transfer to airline and hotel partners for better value.

How much is 50,000 Chase points worth?
With the Chase Sapphire Preferred, this depends on how you redeem it:

  • If you redeem for cash back, it's worth $500
  • If you redeem on the Chase travel portal, it's worth $625 (25% more value)
  • If you transfer to airlines, redemption value varies. You could get 2 round-trip flights from Los Angeles to Hawaii (with British Airway), which can be worth $1000+. It can also be worth a round-trip flight to Europe (though some airlines charge fuel surcharge, so you'd need to account for that).

You can even transfer points to yours spouse or domestic partner IF your accounts are in good standing.

Frequently Asked Questions

What is the annual fee for Chase Sapphire Preferred?
The annual fee is $95 ($0 intro annual fee for the first year).

Do points expire on Chase Sapphire Preferred?
No, your points never expire as long as your account is active and in good standing.

Can you redeem Chase Sapphire points for cash?
Yes. You can redeem for statement credit or direct deposit into your bank account. The redemption value for cash is 1 point = 1 cent. You need at least 2,000 points ($20) to start redeeming for cash back.

What airlines does Chase Sapphire partner with?
Here is the list of current Chase Sapphire Preferred airline transfer partners:

But you can book travel on any airline by redeeming your points on the Chase travel portal for 25% more value.

Is Chase Sapphire Preferred worth it?

If you're a frequent (or even semi-frequent) traveler, the Chase Sapphire Preferred card is a great choice.

The sign-up bonus alone is amazing. And you'll earn more through traveling and dining.

Chase Sapphire Preferred also offers impressive redemption value. Your points are worth 25% more when you redeem them toward travel through the Chase travel portal. You can transfer points to selected airline partners for potentially even more value.

And because of the great benefits, you can feel safe knowing you're protected even if the unexpected happens on a trip.

For these reasons, the Chase Sapphire Preferred earns a top spot in our best Chase credit card lineup.

Next Step: View the issuer's official application, terms, and details

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on September 9, 2017. This content may have been updated on September 3, 2018. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card, Chase Freedom, and Bank of America® Travel Rewards credit card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.74% - 24.74% Variable
$0 Intro for the First Year, then $95

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