How to Get the Most from the Chase Sapphire Preferred Card

The Chase Sapphire Preferred® Card is one of the top-rated credit cards out there. It’s especially beneficial for people who already have good credit and finances but are just starting to focus on credit card rewards. The Sapphire Preferred checks almost all of the boxes. It has a great welcome offer, its points are easy to use and it has above-average benefits.

Here’s a look at some of the top benefits of the Chase Sapphire Preferred® Card to help you get the most out of this popular card.

Earn points by charging purchases

The Chase Sapphire Preferred® Card currently has this welcome bonus: Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

The card comes with an annual fee of $95.

» Learn more: Things to know before you get the Chase Sapphire Preferred

Enjoy the card’s other valuable perks

With the Chase Sapphire Preferred® Card, you’ll also get:

• No foreign transaction fees.

• A minimum of one year of DashPass, which gives a $0 delivery fee and lower service fees on DoorDash orders over $12. Activate your subscription any time before Dec. 31, 2027.

• Purchase protection of up to $500 per claim and $50,000 per account if your new purchases are stolen or damaged.

• Trip cancellation/interruption insurance of up to $10,000 per person and $20,000 per trip.

• Baggage delay insurance covering the purchase of toiletries and clothing, up to $100 a day, if your bags are lost or delayed more than six hours.

• Trip delay insurance, which covers you for things like meals and hotel stays, up to $500 per ticket, if your trip is delayed more than 12 hours (or overnight).

• Rental car insurance (more below).

» Learn more: Is the Chase Sapphire Preferred® Card worth its annual fee?

Use the rental car insurance

The car insurance that comes with the Chase Sapphire Preferred® Card is one of its best benefits. If you pay for your rental car with your Chase Sapphire Preferred® Card, or with Chase Ultimate Rewards® points earned with your card, you’ll be covered for theft and collision damage up to the cash value of the car.

This coverage is for most rental cars in the U.S. and most countries abroad. The coverage is primary, and you’ll need to decline the rental company's collision insurance. This can mean big savings if a rental car is part of your trip.

Compare: Chase Sapphire Preferred® Card vs. Chase Sapphire Reserve®

In addition to the Chase Sapphire Preferred® Card, Chase also offers the Chase Sapphire Reserve® — its ultra-premium card. There are some important differences:

• Annual fee: $95 for the Chase Sapphire Preferred® Card and $795 for the Chase Sapphire Reserve®.

• Earnings rate: The Chase Sapphire Preferred® Card gets 3 points per dollar on dining and 2 points on most travel-related purchases. The Chase Sapphire Reserve® earns 3 points on dining and 4 points on travel booked directly with an airline or hotel. But all other travel earns 1 point.

• Other high-value perks: The Chase Sapphire Reserve® comes with a $300 annual travel credit, along with Priority Pass airport lounge access and a credit for the application fee for TSA PreCheck, Global Entry or NEXUS.

» Learn more: Chase Sapphire showdown: Preferred vs. Reserve

Is the Chase Sapphire Preferred® Card's annual fee worth it?

The $95 annual fee on the Chase Sapphire Preferred® Card is not waived the first year. However, the Chase Ultimate Rewards® points that you’ll get as a welcome bonus more than offset it, at least for the first year.

After that you’ll have to decide how valuable the Chase Sapphire Preferred® Card is for your spending and travel patterns. If you have other Chase cards like the Chase Freedom® or the Chase Freedom Unlimited®, it’s valuable to also have a premium card like the Chase Sapphire Preferred® Card.

That way, your Chase points are worth more in Chase's travel portal and you have the ability to transfer to hotel and airline partners.