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The Most Valuable Perks of the Chase Sapphire Preferred Card

Feb. 22, 2019
Travel, Travel Credit Cards
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The Chase Sapphire Preferred® Card is a popular choice for seasoned rewards travelers. It earns 2X points on travel and dining, and it also offers a 20% booking bonus in the Chase Ultimate Rewards® travel portal.

Travel includes everything from airline tickets and hotel stays to buses, trains, rental cars, taxis and even parking garages. The double points for dining including eating out at a restaurant, but also takeout, even when ordered through an online app. That means all those meals in airports and on the road add up, and the seasoned traveler knows how to snatch up those points.

But it’s also a great choice for people new to rewards travel. The welcome bonus is impressive: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

Whether you’re new to collecting points or a veteran rewards traveler, here are a few other perks that make the Chase Sapphire Preferred® Card a go-to card in any wallet.

1. Transfer points for extra value

Chase Ultimate Rewards® points can be transferred to several hotel and airline loyalty programs, including Marriott and United, at a 1:1 ratio for even greater value, meaning you can get more out of your points depending on the pricing.

2. Get trip cancellation insurance and delay reimbursement

The cardholder and immediate family members (even if they are not traveling with the cardholder) can get reimbursed up to $20,000 if a trip is canceled or interrupted for a covered loss such as sickness or severe weather. The insurance covers nonrefundable airfare, hotels, cruises and tours that were booked using the Chase Sapphire Preferred® Card. Chase Ultimate Rewards® bookings are also covered. It will even cover losses and certain fees if the trip is rebooked.

You can also get reimbursed for meals, hotels, toiletries, medication and other personal items if your airline, bus, cruise ship or train travel is delayed more than 12 hours. Coverage is for up to $500 per ticket. The cardholder and spouse/domestic partner and children under 22 years old are covered.

3. Protect your belongings

If your bags are delayed for more than six hours you can get reimbursed for emergency purchases of clothing, toiletries and a cell phone charging cable up to $100 per day for three days. The Chase Sapphire Preferred® Card must be used to purchase the ticket on a covered trip to be eligible.

You can also get up to $3,000 per person if bags are damaged, lost or stolen. This benefit provides reimbursement to repair or replace checked or carry-on baggage. The cardholder and immediate family members are covered. You will need to provide documentation of lost items.

4. Rent a car worry-free

If you are renting a car at your destination in the U.S. or abroad, you can avoid paying expensive car rental collision damage and/or loss damage waiver fees if you book the rental with your Chase Sapphire Preferred® Card. The cardholder and any additional drivers included on the rental agreement are insured for up to the value of the rental car including towing.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2019, including those best for:

Planning a trip? Check out these articles for more inspiration and advice:
Chase Ultimate Rewards: The complete guide
NerdWallet’s top travel credit cards
Which Chase credit card should I choose?

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