Sign-up bonuses, rewards rates, redemption values and flexibility are the features consumers typically look at when deciding which travel credit card to apply for. And it just so happens that the Chase Sapphire Preferred® Card is exceptional in each of these aspects.
It also offers distinct benefits that few or no other cards provide. Let’s see why the Chase Sapphire Preferred® Card deserves a closer look.
1. Primary rental car insurance
Most credit cards offer some form of rental car insurance, but it’s usually secondary insurance, which covers only what your primary car insurance policy doesn’t. With the Chase Sapphire Preferred® Card’s primary rental car insurance, you may not even have to file a claim with your primary car insurance company. Not only can this save you from seeing an increase in your insurance premiums after you get home from your trip, but you’ll also escape the hassle of filing claims with two different companies: your primary insurer and the credit card company.
Covered losses include physical damage to and theft of the rental car, loss-of-use charges levied by the rental company while the car is being repaired and isn’t available for use, and reasonable towing charges. The coverage provides a reimbursement up to the actual cash value of the rental car as it was originally manufactured. Although most exotic and luxury cars are not eligible for coverage, some models of BMW, Mercedes-Benz, Cadillac and Lincoln are covered.
2. Discounted travel through Chase Ultimate Rewards
The best use of Ultimate Rewards points earned with the Chase Sapphire Preferred® Card is booking travel. That’s because Chase offers a 20% discount on travel booked on the Ultimate Rewards Platform. For example, if you’re booking a $200 plane ticket (including taxes and fees), you can:
- Pay $200 in cash
- Use 20,000 Ultimate Rewards points (for non-Chase Sapphire Preferred® Card holders)
- Use 16,000 Ultimate Rewards points (for Chase Sapphire Preferred® Card holders)
The booking tool, which is similar to Kayak, offers flights, hotels, rental cars, cruises and more. Just enter your departure and destination locations and/or your preferred travel dates and you can compare prices across several providers.
Note that the Ink Business Preferred® Credit Card offers a 25% discount, but it’s mainly a business card, not a travel card.
The takeaway: When it comes to choosing a travel credit card, you may be tempted to focus on the rewards program or the sign-up bonus. However, the Chase Sapphire Preferred® Card is a prime example of a card that has extra features that make the card worth holding for years to come.
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