Will i be approved for chase sapphire preferred


Chase Sapphire Preferred (Credit Score Needed + 3 Approval Factors)

By: Ashley Dull • January 11, 2018

Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

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The Chase Sapphire Preferred Card is one of the consistently highest-rated travel rewards cards on the market. Between its generous sign-up offer and market-leading rewards rates – not to mention its sleek metal design – it’s no wonder the Chase Sapphire Preferred reigns supreme among those looking to maximize both value and flexibility in terms of travel.

So what does it take to get this card in your wallet? A good-to-excellent credit score, for one. Based on hundreds of user reviews, we’ve broken down some of the factors Chase looks at when deciding who’ll be approved for one of its most popular offers.

Average Credit Score for Approval: 741

An average credit score of 741 sits nicely in the “excellent” credit score range (720+), but don’t be discouraged – users with much lower credit scores say they’ve also been approved. MileCards.com reports that users with scores as low as 668 have been approved, and this Credit Karma reviewer says he was not only approved, but given a very high credit limit, despite his limited credit history:

“Apprehensive, but applied after being prequalified on their website. 703 TU (TransUnion) 693 EF (Equifax) on Credit Karma. I only have eight months of credit card history – Capital One QuicksilverOne with a credit line of $1,500. I was instantly approved for a $21K credit line.” — Credit Karma Review

Credit Karma also provides a chart of its members’ credit scores who carry the Chase Sapphire Preferred Card. As you can see, the majority have a score above 750.

This graph shows the credit scores of Credit Karma members who carry the Chase Sapphire Preferred.

For the 6% of cardholders below 600 – and perhaps even the 11% below 650 – it’s likely their scores took a hit sometime after having already been approved for the card. Late payments and high credit utilization can cause a credit score to plummet, as they’re the most heavily weighted factors used to determine one’s credit score.

3 Things Chase May Take into Consideration When Applying

After scouring the web for reviews and learning everything we could about this particular card’s qualifying criteria, here are three commonly reported factors Chase takes into consideration when determining approval:

Multiple reviewers have reported that Chase pulled their Equifax credit report. It is common when applying for a credit card or any loan for that matter that one or two reports are evaluated rather than all three (Equifax, TransUnion, Experian). Not all lenders report to all three bureaus, and therefore each report may contain different information. Of course this isn’t a rule and you can ask each lender exactly which report they look at, but if you have a charge-off or any other such derogatory mark on your Equifax report, it could pose a problem when applying for this particular card.

Another commonality we discovered when studying reviews is that too many open credit cards could be a reason for denial.

“I have three cards from Chase: Freedom, Amazon, Southwest, with a total credit of $37,500. I pay off the balances every month, and my CK score is 790+. With some upcoming dental work and insurance expenses totaling about $5,000, I applied for the Chase Sapphire card on 6/1/16 to take advantage of the sign up $500 bonus. Received a letter from Chase on 6/6/16 turning me down because I have too many cards (10) opened during the last 2 years.” – Credit Karma Review

This review leads us nicely to our next factor — credit utilization.

Your credit utilization is the balance you carry on your credit cards. This number should never exceed 30% of your available credit. For example, a credit card with a $1,000 limit should not keep a balance of over $300. People have reported being denied for having a high balance on other cards, but then being approved after paying the debt down.

“My scores got knocked back because a high utilization was reported one month. I got my only card, my Capital One QuicksilverOne card ($6,500 CL) to a zero balance and waited for a few days for the zero balance to post to the bureaus. Saw a major bump in scores (35+ points in each) when the utilization ding cleared. Applied with 799 Transunion, 759 Equifax Credit Karma scores. Instantly approved as soon as I hit the apply button with a $12,000 limit. I’ll never carry a balance there, but it’s nice to know that I can now purchase a pair of international business class tickets in one transaction.” — Credit Karma Review

Along with always making your payments on time, keeping your credit utilization low is one of the best things you can do to maintain a good credit score.

Now that you have an idea of what Chase may look for when reviewing a Sapphire Preferred applicant, you can apply below by clicking the green button. The only way to truly know if you’ll be approved is to apply!

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Chase recon line: (no known working number at this time)

Chase main line: (800) 432 3117

CS(R) account line: (800) 436 7970 (this is the number on the back of the card)

If you have applied for this card on 8/21 or later, please fill out this survey (this survey is NOT meant for those who applied online through the leaked application link on 8/15).

Survey raw data with pivot tables (view): https://goo.gl/u0Hdhl

Survey raw data with pivot tables (download): https://goo.gl/4cwBsf

Note: the survey was created and is maintained by /u/aksurvivorfan so reach out to him for questions or concerns. After you've submitted the survey you can always go back to that link and update your answers (e.g. if your application goes from pending to approval / denial).

The Chase Sapphire Reserve, CS(R) for short, is a brand new credit card from Chase.

The online application page was leaked on 8/15/2016 but deleted by Chase within hours.

The card was officially released for in-branch applications on 8/21/2016.

The online application page became available again early on 8/22/2016, this time officially.

OMG OMG I'm so excited ARE YOU GUYS EXCITED it's just a credit card BUT I WANT IT SO BAD

Everybody is getting expedited shipping, YOU DO NOT NEED TO CALL to request it and calling will not speed things up in any way. In many cases calling has actually resulted in delays and other issues (e.g. duplicate cards being shipped).

Typically the card will be shipped by UPS Next Day Air the day after you are approved so you should receive it 2-3 days after getting approved. Chase does not send a notification when the card has been shipped, but if you sign up for UPS My Choice you should see the tracking number added there automatically as soon as one is generated.

Note: the phone reps are giving erroneous information, telling people the card can't be expedited or that it will be shipped by USPS in 7 to 10 days. Data points overwhelmingly confirm that everyone is getting expedited shipping regardless or what they are being told on the phone (and regardless of whether or not they even requested expedited shipping in the first place).

The card comes pre-activated, you do not need to do anything, you can use it in stores or online as soon as you take it out of the envelope.

The card is supposed to be the same weight and material as CSP, but due to overwhelming demand plastic cards are now being expedited in a regular envelope. If you've received a plastic card, you will automatically receive a metal card in the shiny box once available. There is no word on when this will happen. More info.

As of September 19th, 2016 it seems new applicants are now receiving metal cards again (though without the box). There is still no word on when plastic cardholders will receive theirs, just be patient (the metal card isn't anything extraordinary and with all the hype you'll probably be disappointed anyway).

The application link doesn't show anything about a bonus?

The application page never shows the bonus, only the landing page does.

If you've applied online before 1/12/2017, you'll get 100k UR points regardless of what link you used.

If you applied online after 1/12/2017, you'll get 50k UR points regardless of what link you used.

The signup bonus was 100k UR points until January 12th, 2017 for both online and in-branch applications.

On January 12th, 2017 the signup bonus was reduced to 50k UR points for online applications but remained at 100k for in-branch applications.

On March 12th, 2017 the signup bonus was reduced to 50k UR points for in-branch applications. That means after that date it is no longer possible to get 100k UR points from this card anymore.

How do I generate a referral link?

Go Into Your Chase Account -> Select your CSR -> Bottom right of the screen there should be a Referral Button/Box

The CSP has been popular for years, what are the differences between both cards?

Most of the other benefits from the CSP are also available on the CS(R) (1:1 point transfer to UR partners, no FTF, primary rental coverage, etc.).

Any difference in insurance coverage between the CSP and the CS(R)?

Yes. Here are some examples, check the Guide to Benefits for more details:

I already have a CSP and I plan on opening the CS(R), should I keep both?

Probably not considering there is nothing the CSP can do that the CS(R) can't. As always, it's better to downgrade to another card than cancel outright (e.g. downgrade to Freedom, and yes you can have multiple Freedom cards).

Does the 1.5cpp only apply to points earned on the CS(R)?

No, you can get the 1.5cpp in the Chase UR portal from all your UR points by transferring points from your other UR-earning cards to your CS(R).

This means the Freedom Unlimited effectively earns 2.25% and the Freedom quarterly categories earn 7.5% if you also hold a CS(R) and spend your points in the UR portal.

My credit score is XXX and my income is $XXk, will I be approved for this card? What are my chances?

No one knows so please don't bother asking, you'll get downvoted.

A lot of factors are taken into account when Chase decides whether or not to approve you, including but not limited to: credit score, income, number of accounts currently opened, average age of your accounts, number of recently opened accounts, derogatory marks on your report, total credit limit across all banks, total credit limit with Chase, age of your relationship with Chase, total credit utilization ratio, average credit limit utilization ratio, etc. And even if we knew all of this about you, we still don't know how Chase weighs each of those metrics for this card (or any other).

In other words, you could have a 800 credit score and $150k income and be declined, but you could also have a 650 credit score and $40k income and be approved. We have no way of knowing and whenever someone tells you whether they think you'll be approved or not it's just a wild ass guess.

Does the 5/24 rule apply to this card?

By all accounts, yes it does.

People who applied using the leaked link on 8/15/2016 got past it, but everyone who applied since the card was officially launched on 8/21/2016 seemed subject to that rule except for the usual exceptions (meaning they were either pre-approved or CPC).

First, if you're really asking this then you're probably not ready to participate here, I would suggest you spend some time reading the wiki and browsing through this sub before posting something stupid and getting downvoted.

Can I switch to this card from another Chase card?

Chase usually allows PC from other cards in the same brand, meaning you should be able to switch to or from any UR-earning personal Chase card (Freedom, Freedom Unlimited, Sapphire, Sapphire Preferred). As usual, you do not get the signup bonus when you PC, though you do get to enjoy all the benefits of the card (including the $300 annual travel credit).

Is the annual fee waived the first year?

No. You'll be charged $450 as soon as you get the card (typically on your first statement, though some people reported their annual fee didn't appear until their second statement).

Is the annual fee waived for military?

In theory Chase will only waive the annual fee for SCRA if the account was open before beginning active duty. In practice some people have managed to have it waived anyway, but this has been very YMMV so while it doesn't hurt to try you shouldn't count on it.

Why are people getting so excited about a card with such a high annual fee? How is it worth it?

It's a good card with lots of benefits, but what really justifies the annual fee is:

50k UR signup bonus ($500 cash value, $750 value for travel booked through the UR portal)

$300 travel credit per calendar year (so even if you cancel your card after one year you can use the credit twice and make a $150 profit from this benefit alone)

free Global Entry or TSA Precheck ($100 value if you don't have it already)

free Priority Pass Select Membership for airport lounge access

Also, because the 1.5cpp for UR points spent in the UR portal also applies to UR points earned from other UR-earning cards, it boosts the value of the points people already have / will get from their Freedom, Freedom Unlimited or the Chase Sapphire Preferred.

How does the Priority Pass card work?

To activate your Priority Pass membership: log on to chase.com, click "Ultimate Rewards", pick your CS(R) from the list, then go to "Use Points" > "Card Benefits" and scroll down on that page and click the "Activate Now" button for Priority Pass. You will be sent a card with your name on it (you can't have the card be made to someone else's name) in roughly two weeks. Each AU will also receive their own card with their name on it. The card allows you to enter the lounges listed on the Priority Pass website. You can bring unlimited guests with you for free, though each lounge may impose their own limits.

If you need to visit a Priority Pass lounge before you receive the Priority Pass card in the mail, you can pay for the entry fee with your CS(R) then contact Chase so you can be reimbursed. You can only do this twice a year, and I would suggest calling the number on the back of your card (see the top of this wiki) ahead of time just to confirm.

If you already have a Priority Pass card (e.g. from the Amex Platinum or Citi Prestige) then you'll simply receive a new card with a new number, and both cards will be valid independently. Because the cards have your name on it, you can't give one away for someone else to use. Note that each Priority Pass card has with its own policy regarding guests depending on which credit card you got it from, so if you already have a Priority Pass card that comes with a limited guest policy you're better off using the one that comes from your CS(R) card instead.

The Priority Pass membership is valid as long as your CS(R) account remains active. If the PP card your received expires before you close or downgrade your CS(R) then you will receive a new PP card in the mail automatically. If you close your CS(R) you will not be able to use your PP card anymore regardless of its expiration date.

How does the $300 travel credit work?

Every calendar year you can get up to $300 reimbursed when making purchases in the travel category. Per Chase: "merchants in the travel category include airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages". Some unexpected charges also count, such as UberEats.

The reimbursement is applied automatically at the same time the qualifying transaction posts, you can't choose which purchases it applies to. It does not have to be in a single transaction, you could make a $180 hotel booking in March and be reimbursed $180 then book a $500 flight in June and receive the other $120. Purchases made by AUs count towards the annual $300 (meaning it's $300 total for you and all your AUs, not $300 each). The credit does not roll over, if you haven't used it by your December statement then it's forever lost.

Because the credit is per calendar year (or rather December statement, just like the Citi Prestige) it means you could indeed receive the credit twice during your first year of card membership.

If you receive the credit then cancel the booking and receive a refund then the credit should be taken back per the T&C, but in practice this doesn't appear to be the case. That being said you should definitely avoid doing this intentionally, it could attract unwanted attention and there is no guarantee Chase won't claw it back later on.

How does the Global Entry / TSA Precheck benefit work?

You can sign up for Global Entry or TSA Precheck through the regular website, then when it's time to pay use your CS(R) card. You will automatically receive a statement credit for the amount of the application fee the same time the transaction posts.

It doesn't matter what name is on the application (meaning if you already have Global Entry, you can pay for a friend's application fee and still receive the refund, it doesn't have to be in your name or in an AU's name).

How does the Visa Infinite $100 airfare credit work?

It has been confirmed by Chase that this benefit will NOT be available on the CS(R).

Are transactions covered by the travel credits counting towards the minimum spend?

As of In early February 2017 it has been reported there was one later-deleted post claiming that transactions covered by the travel credit do not count towards the minimum spend anymore.

Even if they did That data point may have been bogus but, are you really ready to risk all those points over this? Just spend a few hundred more so that you don't have to worry about it. Ideally you should also spend a few hundred more just in case you end up having to return items or cancel a trip since a refund could take you below the minimum spend threshold. The annual fee, as usual, does NOT count towards the minimum spend (same goes for balance transfers, cash advances, etc.).

That means you should be prepared to effectively spend about $5k over the next 3 months if you plan on taking advantage of the credits immediately ($4000 + $450 AF + $300 travel credit + $100 Global Entry credit = $4850, then add a buffer just in case).

Here are some ways you can artificially inflate your spend if you don't think you can hit that threshold in 3 months.

When will I receive my signup bonus?

As with all Chase cards, the points from the signup bonus usually become available when the statement during which you met the minimum spend closes.

If you've met the minimum spend late in the billing period (i.e. in the week before the statement closed) then you might have to wait for the next statement.

Keep in mind the T&C say "please allow 6 to 8 weeks for bonus points to post to your account", so don't freak out if it takes a bit longer than usual, as long as you've met the minimum spend you will get your points eventually.

Is the card worth keeping after the first year?

There's no clear answer to that question: it's not a terrible card that no one should keep, but it's not a card for everybody either. While the annual fee is high the card does offer some valuable perks that can justify paying for it. It really depends on your situation and whether you have an actual need for the benefits the card offers.

If you are in a position to take advantage of the $300 travel credit as though it were cash, you need to make up at least $150 in benefits to break even. Your own travel and spending habits will dictate the value of the various benefits.

So, up to you. Do the math and compare with your existing cards.

Megathread #1 - Online application leaked 8/15

Megathread #2 - In-branch application available 8/21

Megathread #3 - Online application available 8/22

Transforming your Frequent Flyer Miles into Free Trips around the World

My Unsuccessful Chase Sapphire Preferred Reconsideration Call, Visit, and Tweets

Advertiser Disclosure: This post may contain referral, affiliate or sponsor links that provide Travel with Grant compensation. Thank you for your support.

Good morning everyone. A few weeks ago, I did an 8 card App-O-Rama. One of my top credit cards to apply for was the Chase Sapphire Preferred Credit Card. I previously opened a Chase Sapphire Preferred Credit Card back in August 2012 which I then downgraded to the Chase Sapphire (Basic) Credit Card in August 2013 which I then converted to the Chase Freedom Credit Card in November 2013. Since I received the sign up bonus back in August 2012, I waited the necessary 24 months to reapply.

When I first received the Chase Sapphire Preferred Credit Card, the sign up bonus was 40,000 Chase Ultimate Rewards Points after spending $3,000 in 3 months. The current sign up bonus is 40,000 Chase Ultimate Rewards Points after spending $4,000 in 3 months. Long story short, I was low on Chase Ultimate Rewards Points (aren’t we all?) and I had waited long enough to reapply, so I was ready to apply for my second Chase Sapphire Preferred Credit Card.

Side note: Doctor of Credit and a few other blogs and forums are reporting that Chase has really cracked down on approving applications for people that have more than 5 credit inquiries total during the last 2 years. I (foolishly) ignored those warnings and insisted that my previous 3 years with Chase, 16 total approved Chase credit cards (8 currently open), and reconsideration call skills would be enough to get approved for the Chase Sapphire Preferred Credit Card.

I like to learn from other people’s successes and failures, but I also like to try things myself and see how they go. I sort of live by the philosophy that nothing is impossible unless I try and fail on my own. I know that sounds foolish, but my overconfidence has worked occasionally in the past. Anyway, when I applied for the Chase Sapphire Preferred Credit Card online, my application immediately went to pending status.

I googled Chase’s reconsideration number (found on Doctor of Credit) and called them up. I insisted that I did not want/need any more available credit and that I was more than happy to move available credit from 1 or more existing Chase personal credit cards. I told the rep I wanted to consolidate a few airline credit cards into 1 travel rewards credit card (being the Chase Sapphire Preferred Credit Card). The rep took that information, placed me on hold for a few minutes, and came back with bad news that I had too many recent inquiries. I offered to transfer available credit or close my Southwest Plus, British Airways, and United MileagePlus credit cards if that would help, but she said that would not make a difference in my application status. I politely thanked her for her time and hung up. It is important to stay positive even if things don’t go according to plan. I decided to wait for the Chase Sapphire Preferred Credit Card denial letter to come in the mail and try my luck again.

During the time since applying for the Chase Sapphire Preferred Credit Card and receiving the denial letter, I opened a Chase Total Checking Account ($300 opening bonus, found on Doctor of Credit). I brought the denial letter to the Chase branch where I opened my Chase Total Checking Account along with my Chase Debit Card, Freedom, British Airways, and United MileagePlus credit cards. I spoke to a personal banker and asked if she would help me overturn my credit card denial. We went to her office and she called Chase. After a 5-6 minute wait, she asked the rep to have the application reopened and reviewed. I mentioned that I was willing to move credit lines around or close some existing Chase personal credit cards, if necessary. A few minutes later, the personal banker handed the phone to me. The rep gave me the same answer as before: too many recent credit inquiries. The rep didn’t ask why I had so many recent credit inquiries or why I wanted the Chase Sapphire Preferred Credit Card. I naively asked when the next best time to reapply for the Chase Sapphire Preferred Credit Card was, but she did not give me a good answer. Instead, she insisted that I should keep all my current Chase credit cards in good standing and reapply sometime in the future. Her suggestion was extremely vague and not helpful at all. Dejected by another Chase rejection, I tweeted my disappoint to Chase:

@ChaseSupport sad day for me. I couldn’t get approved for the Sapphire Preferred. I have too many other Chase credit cards #chaseaddict

The twitter team was very fast at responding and tweeted me back, saying:

@travelwithgrant Thank you for being a loyal Chase customer! For us to review your application, please DM your name and zip. [name]

I immediately sent Chase a DM (direct message). Here is our Twitter conversation:

Grant: Hi [name], my name is Grant Thomas and my zip code is [zipcode]. I was told I have too many credit inquiries on my credit report.

Chase: Thank you for responding! I am going to take a moment to review your application. I will follow up with you soon. [name]

Grant: Thank you for taking a second look. I’d love to get the CSP and move credit lines from British Airways and United credit cards.

Chase: 1/2 You’re welcome! I have tried speaking with a Credit Analyst directly and explained how you’re willing to close out your British Airways / 2/2 and United card to be approved, but they are still unable to override the decision. I am sorry; I wish I had better news. [name]

Grant: Thanks for trying [name], it just wasn’t meant to be, but I really appreciate your help. I will try again in a few months and see if my luck improves.

Chase: You are very welcome! Again, we thank you for being a customer and hope you will be approved for the card next time around. [name]

So there you have it, when Chase says you have too many recent credit inquiries, they really mean it and no amount of calling or tweeting can be done to overturn their decision.

I plan on calling the Chase reconsideration department soon and telling them that I have too many open Chase credit cards and that I need to close a few to improve my odds of being approved for the Chase Sapphire Preferred Credit Card. I wonder if any of the reps will offer me anything to keep the credit cards open. I’m not sure if I will apply for any more Chase credit cards in 2015, I may sit out the rest of the year and see what happens over the next few months. I will keep you posted on any further developments.

In the meantime, I was able to overturn my Bank of America Spirit Airlines Credit Card denial letter and am currently waiting for the results on my US Bank Cash Plus Credit Card reconsideration call. Stay tuned.

If you have any questions, please leave a comment below. Have a great day everyone!

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Re: Will I be approved for Chase Sapphire Preferred?

$600k+ club. | FICO 08 [Mar 2018]: EQ 738 (↑1) EX 724 (↓16) TU 724 (↓11) | World's worst gardener.

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Re: Will I be approved for Chase Sapphire Preferred?

Hey guys, first post here!

Have you checked the pre-approvals on the Chase Web site? See what comes up for you.

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Re: Will I be approved for Chase Sapphire Preferred?

What website did you use to see your credit score?

I'm thinking that 768 is probably his TU FICO 08 off of his Discover account.

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Re: Will I be approved for Chase Sapphire Preferred?

OP, thanks for providing more info. Your score is fine and well above the requirements for a CSP or CSR, my concern would be that Chase doesn't usually like to be the first lender to give you a really large credit line and the CSP has a minimum $5,000 credit line ($10k for CSR). Two things. Certainly check the Chase preapproval page - if it gives you a single APR percentage they are very likely to approve you. Finally, have you asked Discover for a credit line increase? 3 years seems to be a long time to be at $1,000. It is a soft pull and they can be quite generous. I would try that first, and if they give you a big increase, I would wait until that is reporting to the 3 CBs with the new limit (within a few days after your next statement closes), which should improve your chances of a healthier starting line. Myself and a few others at the same time at the beginning of the year all got $12k SLs on the CSP.

$600k+ club. | FICO 08 [Mar 2018]: EQ 738 (↑1) EX 724 (↓16) TU 724 (↓11) | World's worst gardener.

Chase Sapphire Preferred Tips & Tricks

The Chase Sapphire Preferred Credit Card is an incredibly lucrative offer when it comes to earning points towards free and discounted travel. It’s also much more than that – offering card holders a plethora of “hidden” benefits. As such, these Chase Sapphire Preferred tips will help you understand how you can make the most of this amazing card product.

  • Signup bonus details
  • Earning potential
  • How to utilize all CSP benefits
  • Navigating the Ultimate Rewards portal
  • Chase Sapphire Preferred UR transfer partners
  • Purchase protection
  • Travel insurance
  • Primary car insurance details
  • No foreign transaction fees
  • Extended warranty details
  • Apply for the Chase Sapphire Preferred Card
  • …and much more

Chase Sapphire Preferred Credit Card Tips, Tricks & Benefits Guide

The Chase Sapphire Preferred is my favorite credit card. There’s an abundance of benefits provided with this card that are easy to use — even to someone who’s new to using points & miles with credit cards. It’s important you understand the value of the benefits provided with Chase Sapphire. If done correctly, Ultimate Rewards points (Chase’s version of credit card miles) can be used for a plethora of free and discounted flights, hotel stays, rental cars and so much more.

Below, we’ll touch on some of our favorite Chase Sapphire Preferred tips that the savviest of frequent travelers use for navigating the globe as well as right here at home. First, let’s cover the basics about what the card provides.

The Current Chase Sapphire Preferred Offer

As of September, 2016 – the Chase Sapphire Preferred credit card offers the following incentives to new card members. Note, however, that these benefits only scratch the surface of what this credit card offers. The bullet points noted below are simply the face value benefits of the card as per Chase. Scroll down further in the article for more specifics on additional tips and benefits and how to make the most of them. You can also apply for the Chase Sapphire Preferred card and get a decision from Chase within minutes.

New Chase Sapphire customers can earn 50,000 bonus points when they spend $4,000 on purchases within the first 3 months of card opening. In addition, you’ll earn 2x points on any and all travel and dining related purchases, and 1 point per dollar on everything else. If you add an authorized user to your account, you’ll also receive an addition 5,000 bonus points once they make a purchase within the first 3 months of account opening. Chase Sapphire Preferred card members pay no foreign transaction fees, and the card comes with chip-enabled security.

In terms of point transfer benefits, transfer Chase Ultimate Reward points out at a 1:1 ratio to most leading frequent flyer and loyalty programs at full value. Additional travel and shopping benefits are seemingly endless, with Travel and Purchase Protection Benefits, Trip Cancellation Protection, Trip Interruption Insurance and Auto Rental Collision Damage Waivers.

If you need to contact Chase regarding your Sapphire card, you’ll have 24/7 customer service available to you, and no waiting in line to talk to a computer. Talk to a real person directly every time.

The Chase Sapphire Preferred Card comes with an introductory annual fee of $0 for the first year, and then it becomes $95 annually.

Getting the Most out of Your Chase Sapphire Preferred Ultimate Rewards Points

Damn right it’s time to book a trip.

Ultimate Rewards points are incredibly valuable due to their flexibility when it comes to transferring your earned Chase points to other airline and hotel loyalty programs. Booking through the Ultimate Rewards portal gives you a 20% discount on all transfers. These transfers are simple to enact, and Chase won’t charge you a fee to do so. Many are also instantaneous, with the exception of Marriott, Korean Air and Priority Club which may take a few days to transfer over. Via the Chase Ultimate Rewards Portal, Chase Sapphire Preferred & Chase Ink Plus credit card holders can transfer points at a 1:1 ratio to any of the below transfer partners.

Note that any and all Chase Sapphire point transfers must be done in increments of 1000.

Chase Sapphire Preferred Transfer Partners

  • United Airlines
  • British Airways
  • Southwest Airlines
  • Korean Airlines
  • Marriott
  • Ritz Carlton
  • Priority Club
  • Hyatt

Other Chase Sapphire Ultimate Reward Transfer Partners

  • Amtrak
    • An often overlooked transfer benefit, Amtrak transfers are instantaneous and can be incredibly valuable to consumers looking to book long haul train rides within the continental United States. Amtrak transfers via Ultimate Rewards can exceed 3 cents per mile on long haul bookings.

Which Chase Sapphire Transfer Partners Are the Best?

Now that we’ve listed out all of your transfer options, which ones will net you the most value?

Currently, your best bet is to run with United as an airline transfer option, or Hyatt as a hotel transfer option. But why?

Firstly, United is a Star Alliance partner. That means that points transferred over to United can be used with any of the other airlines affiliated with Star Alliance — including Singapore Airlines & Lufthansa. Hyatt points are equally as valuable when it comes to hotels due to the fact that the nicest Hyatt properties cost significantly fewer points to book when compared to Ritz Carlton or Marriott’s top tier properties. The only downside is Hyatt properties are for the most part not as abundant globally.

Other Options – British Airway’s & Southwest

Alternatively, transferring points over to British Airway’s isn’t a bad idea either as long as you use these correctly. That means, DO NOT transfer Chase Ultimate Rewards points over to British Airway’s with the intent to use them on British Airway’s flights. British Airway’s flights always charge incredibly high fuel surcharges and additional fees, rendering your BA miles substantially less valuable.

However, British Airway’s miles (Avios) are exceedingly valuable for domestic short-haul flights on OneWorld airline partners because award bookings are distance based.

British Airway’s is a member of OneWorld. OneWorld airline partners include American Airlines and Alaska Airlines, which you can hop on board through a domestic award booking without having to pay any fuel surcharges or fees.

Lastly, Southwest Airlines can be a great transfer option when the airline is having one of their frequent ticket sales. Prices are already heavily discounted on domestic flights, so it’s always best to explore Southwest for both short and long haul flights since ticket prices have nothing to do with the distance of the flight.

Earn 3x Points with Chase Sapphire Preferred on Travel Bookings through Ultimate Rewards

If you’re planning on PURCHASING an airline ticket, hotel or rental car — you may as well do it through Chase’s Ultimate Rewards portal.

Currently, Chase Sapphire Preferred customers can earn 3x points when booking travel directly through Chase Ultimate Rewards. This is significant, as there are currently no other travel credit cards out there that offer such a high point accrual rate on travel purchases. Combine this with a 20% discount on award bookings, and you’re looking at unmatched value.

Hint: I’ve also found rental car purchases to be priced significantly lower when browsing through Chase Ultimate Rewards.

Additional Chase Sapphire Preferred Tips & Benefits

The current Chase Sapphire Preferred offer will net you up to 50,000 Ultimate Rewards points after you spend $4,000 in your first 3 months of card membership. That signup bonus was just increased from 40,000 last month, making this a great time to signup for the card. This bonus essentially provides over $625 in travel rewards IF you book travel through Chase’s Ultimate Rewards portal. It also easily makes up for the $95 annual fee (which is waived the first year), 4 times over.

The Chase Sapphire Preferred card is my daily spend card. The majority of my expenditures tend to be on food and travel, so if you’re in the same boat, this card should be your go-to. It offers 2x points on all travel and dining purchases — including fast food and taxi rides.

Yes, there are other credit cards out there that offer 2x points on travel and dining (Barclaycard Arrival Plus offers 2x on ALL purchases), however, points from other cards aren’t as valuable due to the flexibility Ultimate Rewards points provide for award bookings.

Take comfort in knowing that you can earn 2x the points on travel and dining while abroad without incurring ANY foreign transaction fees around the world.

Amazing & Instantaneous Customer Service

Chase Sapphire Preferred card members get extra special care from Chase’s customer service team. That’s because you get a direct line (absolutely no computerized voices when you call for help) to Chase Sapphire Preferred customer service specialists when you call the number on the back of your card.

These customer service reps are different from the rest of the Chase staff, specifically assigned to help only Chase Sapphire Preferred customers.

If for some reason your checked baggage is delayed or sent to the wrong location upon arrival with a major airline carrier for at least 6 hours or more, Chase will reimburse you for purchase of essential items needed while your bags are missing.

This benefit covers the primary card holder as well as any immediate family members. You may need to provide the following documentation in order to be eligible for this benefit, so be sure you have it on hand before following through with a claim.

  • completed claim form
  • copy of the travel itinerary
  • written confirmation of the Baggage Delay from the
  • Common Carrier
  • a copy of the credit card statement that shows the charge for the
  • Common Carrier fare
  • a copy of the settlement or denial from the Common Carrier
  • copies of receipts for the purchase of essential items over
  • twenty-five ($25.00) dollars

If your trip is delayed for over 12 hours or requires 1 overnight stay due to equipment failure, rough weather, labor strikes or in the rare instance of a hijacking, Chase will cover up to $500 of a purchased roundtrip ticket.

Trip Delay coverage is provided to the primary card holder, their spouse and any of your children under the age of 22.

Purchase Protection with Chase Sapphire Preferred

If an item is purchased with either money or Chase Sapphire rewards points on your card, and it incurs damage or is stolen, Chase will reimburse, replace or repair the item as long as it’s within 120 days of the initial purchase.

Purchase Protection with the Chase Sapphire Preferred card does not exceed $500 per claim, and will cover up to $50,000 for the life of the account. Whether or not Chase will reimburse, repair or replace the item is decided on by the Chase Sapphire Preferred benefits team.

Coverage extends to the primary card holder or to a person who may have received an item from the primary card holder as a gift.

Easy Pay & Security with Chip Technology

The Chase Sapphire Preferred card comes with EMV Smart Chip technology, which allows for enhanced security when making purchases since it’s much harder for thieves to steal data from the encrypted chips. It’s also a much more common way of making a payment on a purchase abroad.

Beginning in October, many banks, like Chase, will start to include chips in their cards, since at that point new liability laws will go into effect. Up until this point, banks have had to pay for any fraudulent charges, but going forward, it will be retail stores themselves who do not have EMV chip readers that will have to start eating the cost.

Expect to see more US based retailers start to use this technology in the coming months.

Extended Warranty Protection with Chase Sapphire Preferred

Possibly one of my favorite (and often overlooked) benefits with the Chase Sapphire Preferred card, especially when it comes to big ticket retail purchases like Smart TVs and electronics, is an extended warranty offering.

Chase will add an additional year of repair warranty protection, in additional to the manufacturers warranty on items that come with warranties of 3 years or less. Coverage is up to $10,000 per claim, and up to $50,000 per account.

The Chase Sapphire is Made Out of Metal

In case you wanted to know, the Chase Sapphire is not your typical plastic credit card. It’s actually got a sturdy and thick metal core. Pull this unit out of your wallet and toss it an unsuspecting merchant by accident and you might take someones head off! Not really. But you’ll probably get some compliments when you hand it to someone, although the card has become so popular most vendors have likely seen it by now.

CDW Rental Car Insurance is Now Primary – Collision Coverage and Damage Waivers

A huge benefit to Chase Sapphire Preferred holders, especially if you’re a fan of renting cars to explore places that are off the beaten path, is Auto Rental CDW insurance. Essentially, card holders are covered on damages incurred during any collision or theft for the current cash value of many rental vehicles.

This coverage is now primary (an upgrade from last year), so Chase will cover damages or theft up to the cash value of the vehicle BEFORE your own insurance company.

In order to be eligible for this benefit, you need to purchase your rental car or truck in full with your Chase Sapphire Preferred card. You must also decline collision waiver that is typically offered by most rental car companies at checkout.

This coverage extends to the primary card holder only (make sure the name on your card matches the name on your rental agreement), and any additional drivers who are allowed to drive the vehicle under the terms of your rental agreement.

Note that this rental car collision coverage may not cover fancy pants and exotic vehicles, so call Chase Sapphire customer service to confirm if your rental is covered if you plan on renting something exotic. In addition, rental car insurance from Chase does not cover rentals that exceed 31 days.

Apply for the Chase Sapphire Preferred Credit Card

Interested in the Chase Sapphire Preferred and all it has to offer? You may Apply online and Chase will process your application with speed. Remember, you’ll need excellent credit and a credit report that doesn’t have too many delinquencies on it for the best chance of approval.

If you have questions or require more details on any of the Chase Sapphire Preferred benefits discussed above, you can call Chase Sapphire customer service at 1-888-320-9961.

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