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As one of America’s oldest financial institutions, Chase has a long-standing reputation for providing exceptional banking services. The firm currently has more than 4,700 branches across the US. It offers numerous credit cards, including the Chase Sapphire Preferred, Chase Freedom Unlimited, and Chase Sapphire Reserve.
The Chase Sapphire Preferred credit card is one of its most popular rewards cards. Almost every dollar spent on this card allows you to earn high-value points that you can redeem for various goodies and experiences, including flights, hotel stays, dining, and even cash back.
This card is best suited for people who spend more than average on travel, online food shopping, and dining experiences and want to maximize rewards without spending hundreds of dollars in annual charges.
The Chase Sapphire Preferred credit card carries a reasonable annual fee of $95. It has an annual percentage rate (APR) of 21.49%-28.49%. There are no foreign transaction charges with this card.
Balance transfers carry a charge of $5 or 5% of the transfer amount, whichever is greater, while cash withdrawals attract a $10 fee or 5% of the transaction amount, whichever is bigger.
Annual fee | $95 |
Interest rate (APR) | 21.49%-28.49% |
Foreign transaction fee | None |
Balance transfers fee | $5 or 5% of the transfer amount, whichever is greater |
Cash advance fee | $10 or 5% of the transaction amount, whichever is greater |
The Chase Sapphire Preferred credit card offers an abundance of perks and benefits. The most notable ones are as follows:
You can apply for the Chase Sapphire Preferred credit card online or at the nearest physical branch. To be eligible, you must:
Be over 18 years old (19 years in some states).
Be a US resident.
Have a Social Security number (SSN) or Individual Tax Identification Number (ITIN).
The online application takes about five minutes. You’ll need to provide your name, birth date, SSN and/or ITIN, physical address, contact information (email and phone number), employment status, type of residence (rent or own), and gross annual income.
Approval is usually instant. In some cases, you’ll receive a message saying that a decision will be made in a couple of days or weeks. Once approved, your card will arrive in the mail in three to five days.
Chase provides round-the-clock customer support via phone. For in-person assistance, you can visit any of the bank’s physical branches.
You can also get support through social media channels, including Twitter, Facebook, and Instagram, during the following hours.
Monday-Friday: 7 am-11 pm ET
Saturday-Sunday: 10 am-7 pm ET
Chase’s website has a helpful FAQ section where you can find answers to common queries about the bank and its products.
Online reviews regarding the company and its responsiveness to customer inquiries and concerns are mixed. While some users report receiving prompt and helpful support, others express frustration with longer response times or difficulties getting a resolution.
Chase employs several security measures, including two-factor authentication and 128-bit SSL encryption, to keep your personal information and account safe.
Furthermore, the bank uses sophisticated fraud monitoring tools to maintain a close eye on your account 24/7. If it sees any strange purchases, it will send you a text message or email, or call you. For enhanced control and visibility over your finances and account activity, you also have the option of setting up your own custom alerts.
Is it hard to get the Chase Sapphire Preferred credit card?
To qualify for the Chase Sapphire Preferred credit card, you generally need good to excellent credit—typically defined as a FICO score of 670 and above. A score of 700 and above is even better and will give you the best odds of approval.
Is the Chase Sapphire Preferred credit card metal or plastic?
The Chase Sapphire Preferred credit card is made of metal, giving it a premium feel and increasing its durability.
The Chase Sapphire Preferred credit card is a good option for people looking for a reasonably priced card to get the most out of their travel, dining, and grocery shopping expenses.
The card is loaded with great perks and rewards that more than makeup for its $95 annual fee.
This review was compiled using information from Chase’s website.
