Chase Sapphire Preferred, See How Awesome It Is!!!

Chase Sapphire Preferred might be a card that not many people are familiar with. At first they look at it with a bit of confusion and doubt, just like the cat in the video. But you’ll warm up to it when you read all the amazing things it offers, again just like the cat. The card has an aluminum core and trim, with a plastic coating and weighs a whopping 0.42 oz. It definitely looks cool.

To top it all off, there’s that 45K bonus points when you sign up through my referral link only. That link will give me 5,000 points but will introduce you to a whole new world of easy points and great travels.

Getting back to a serious tone for a second, the card comeswith a $95 annual fee, but it is waived for the first year. And you have to spend $4,000 to get the bonus, so if you do sign up keep these things in mind.

Card Details

  • 40,000 bonus points after you spend $4,000 in the first three months from account opening. Those 40,000 points can be redeemed for $500 in travel through Ultimate Rewards, or $400 cash back.
  • 5,000 additional bonus points after you add the first authorized user and they make a purchase in the first three months from account opening
  • Introductory Annual Fee of $0 the first year, then $95 annually
  • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • No foreign transaction fees
  • Up to 10 points per dollar at nearly 300 top online retailers when you access those websites through the Ultimate Rewards Mall portal.
  • No caps on reward earnings

To sum things up, this is an OK card. It has a big spending requirement when it only offers 45K points.I have the card myself, and it does have a few nice benefits. However it is being pushed by some bloggers as one of the best cards out there, hence the video and the jokes about the card. Especially with the recent limits of 5 cards by Chase, you should really thing through your applications strategy.

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2 thoughts on “Chase Sapphire Preferred, See How Awesome It Is!!!

  1. This was actually the first non-secured credit card I ever got. They randomly sent me a pre-approval offer, and I needed something to offset my secured card, as my work travel wasn’t being compensated quickly enough to be able to schedule new trips. Despite having pretty much garbage credit at the time, they approved me for a high 4 digit number. No one else has come even close to it. Pretty happy with that, so far.
    Haven’t really been using it since I got my Southwest card, though. But now that I’ve discovered that you can transfer UR to Southwest.. I’m using it now for all dining purchases, since it gets 2x, and the Southwest dining bonus only applies to certain restaurants. It’s also possible to enroll the Chase card into Southwest’s Dining Rewards, and get additional bonuses that way, although since I don’t live in an area where there’s many restaurants involved in Dining Rewards, I don’t get too much benefit out of that at all.
    I am kind of annoyed that they are dropping the 3x dining points on the first friday of the month.

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