Chase Sapphire Preferred® Card: Last Chance To Grab Increased Bonus Offer – Technologist

Have you been considering adding the card_name to your wallet? You may want to take a close look at it now.

The popular travel rewards card, which is one of Team Clark’s favorites, has a lucrative welcome bonus offer that is expiring soon.

Limited-Time Offer from Chase Sapphire Preferred® Card

Chase has a sign-up bonus offer that could be worth as much as $1,050 for this $95 annual fee credit card.

Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That’s worth $750 when redeemed through Chase Travel.

Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.

This offer ends on November 14, 2024.

Is the Chase Sapphire Preferred® Card Worth It?

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That bonus offer looks great, but you’re probably wonder if the long-term benefits of this card are worth the annual fee.

Typically, Team Clark recommends that you default to a no-annual-fee credit card for your everyday spender to ensure that you’re never “chasing benefits” to justify the yearly cost of your credit card.

But there are some cards with annual fees that can easily pay you back for the annual fee if you use the perks wisely.

This card falls into that category, if:

1. You use it as your primary card for travel, dining, streaming services and groceries.
2. You are willing to book travel through the Chase Travel portal. This gives you a 5x points multiplier on your spending.
3. You plan to redeem your earned points for travel through the Chase Portal. This gives you a 25% bonus on the valuation of your points. For example, you can redeem 100,000 rewards points for $1,250 worth of travel. That’s an effective value of 1.25 cents per point.

In addition to the rewards program, which should be your primary focus of evaluation to determine if the card is worth the annual fee, here are some other card perks that you may want to consider:

Cardholder Benefits To Consider

• 1-for-1 Point Transfers to Popular Travel Programs: It’s worth pointing out just how convenient this points transfer option can be. Popular hotel partners include Marriott, Hyatt and IHG. Airline partners include Southwest, United, JetBlue and British Airways. You can simply transfer points from your credit card to the partners’ rewards programs to supplement your balance.
• Travel Insurance Perks: One of the more impressive things about this card is the collection of travel protection benefits you’ll receive. This includes auto rental collision damage waiver insurance, trip cancellation insurance for things like sickness or severe weather, as well as baggage delay and trip delay coverages. In order to unlock these perks, you’ll need to use this credit card for the related transactions.
• Purchase Protection and Extended Warranties: Cardholders also get protections on everyday purchases made with the card including purchase protection against damage and theft on new items (up to $500 per item) for 120 days after purchase. Using the card for purchase also will extend the manufacturer’s warranty for an additional year on items that have a warranty period of three years or less.
• DoorDash Perks: Cardholders get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Card Anniversary Credit: Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.

Will you be applying for this card? Do you already have it in your wallet? We’d love to hear about your experiences in the Clark.com community.

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