Researching the Chase Sapphire Preferred card? Duane here with how to build credit
TV and in this video we're going to be having a look at the Chase Sapphire
Preferred card from Chase of course. This is a travel card and I think it's a
pretty good one so we're going to be having a look at that particular credit
card in this video. But before we get started I have a quick message.
Once again my name is Duane with how to build credit TV and on this channel
we talk about everything you need to know about credit. Whether you're looking
to establish credit, build credit, rebuild credit or learn more about the FICO
score and how it is comprised so you can increase your credit score. We also
talk about how to get cash back actual cash money from using credit cards as
well as credit card reviews. If this sounds like something in which you're
interested be sure to subscribe to our channel by clicking the word subscribe
below this video to the right and click that notification bell so you don't miss
a thing. Okay so we're gonna have a look at the Chase Sapphire Preferred card.
Chase actually has a bunch of different travel cards that they offer but this
one in particular is kind of like a starter card or not necessarily a
starter card but it's more user friendly especially if you're just getting
started with the travel credit cards. So we're gonna have a look at this
particular card. Now this card has no annual fee for the very first year but
then a ninety five dollar annual fee after. I think some of the benefits that
the card has to offer probably offsets the annual fee but we'll have a look at
that in more detail in just one second. So what I'm gonna do is for this portion
of the video I'm gonna jump onto my laptop so we can have a closer look at
the website at the Chase Sapphire Preferred card. So give me one second and
I'll see you on my laptop. Okay so we're at the chase website to have a look at
the Chase Sapphire Preferred credit card. Now this is a travel credit card and as
far as I'm concerned Chase is leading the way in regards to
travel credit card. Now this is just my opinion of course right. So let's start
here on the left where it basically tells you at a glance premium travel and
dining rewards. Earn two times points on travel and dining at restaurants. So
that's pretty standard. There's nothing special there, as far as APR is concerned
you're looking at between seventeen point seven four percent to twenty four
point seven four percent variable APR. There's an annual fee after the first
year. There is no annual fee for the first year and then there is a ninety
five dollar annual fee after the first year. Now this is something that you
definitely want to keep in mind but if you're going to be traveling quite a bit
this is something that is going to be not a big deal because if you're using
this particular credit card that Chase Sapphire Preferred credit card then
you're going to be accumulating points anyway. And you're going to be using them
towards travel or hotel so the $95 a year is not going to end up being a big
deal because you're gonna be using your card quite a bit. So right here on the
right it talks about card benefits. So it says 50,000 bonus points after you
spend $4,000 on purchases in the first three months from opening your account.
That's going to be six hundred and twenty-five dollars towards travel when
redeemed through Chase Ultimate Rewards. Once again I think that Chase has the
best reward system when it comes to redeeming your points. They're really
really good and you get a big bang for your buck soar big bang for your points.
It says earn 5000 bonus points after you add the first authorized user and make
your first purchase in the first three months from opening your account. So it
doesn't have to be a specific amount you just basically need to add an authorized
user and you're gonna get 5,000 points when you make a purchase or when the
authorized user makes a purchase. This is the same type of thing that Chase has
with their other credit cards but you don't have to use the points and redeem
it as cashback. You can use it towards doing takes ultimate rewards so that's
pretty cool that you get rewarded for adding a authorized user and just making
a purchase once again the purchase could be any amount it doesn't have to be a
specific amount. Just the first purchase will qualify you to get 5,000 more bonus
points. This product is available to you if you do not have any sapphire card and
have not received a new card member bonus for any Sapphire card in the past
24 months. So that's important they definitely want to make sure that they
tell you that and right here talks about getting the two times points on travel
and dining. We've talked about that already and then of course you can earn
one point per dollar spent on all other purchases. Now it talks right here it
says 25% more in travel redemption and this is what I was talking about. Get 25%
more value when you redeem for airfare, hotels, car rentals and cruises through
chase Ultimate Rewards. For example 50,000 points are worth six
hundred and twenty five dollars towards travel. So in other words instead of
50,000 points being worth five hundred dollars because it's 25
more it's going to be worth six hundred and twenty-five dollars towards airfare,
hotels, car rentals and cruises if you go through chase Ultimate Rewards. So you
definitely want to make sure that you do that and take that into consideration
that is why I think that this particular card or just about all the travel cards
that Chase offer has a lot of value because you're getting a bigger bang for
your buck. Or bigger bang for your bonus points as far as when it's time to
redeem so that's really good. It says explore additional benefits one
to one point transfer so I'll just click on that so you guys can see here. As a
member of a frequent travel program with Chase Sapphire Preferred you can
transfer your points to leading frequent travel programs at one to one value. So
they have a list of airline partners here as you can see and of
course there's also hotel travel partners that you can see as well. So
that's what that has to do when it talks about one to one point transfer ratio.
Okay let's go ahead and go back to the next page alright and right here talks
about travel and purchase coverage let's click on that. Okay so right here
basically they're telling you that you're basically covered. It has a lot of
different categories that talks about being able to travel confidently. If your
trip is canceled or cut short by sickness, severe weather and other
covered situations you can be reimbursed up to $10,000 per trip for your prepaid
non-refundable travel expenses including passenger fares, tours and hotels. Of
course I'm sure there's some paperwork involved with that or some red tape
involved with that right so there's probably some more information that you
can read up about that to make sure that that would work to your benefit. It says
right here on the right shop with confidence purchase protection covers
your new purchases for 120 days against damage or theft up to $500 per claim and
50,000 per account. And right below that says extended warranty protection
extends the time period of the u.s. manufacturers warranty by an additional
year on eligible warranties of three years or less. So that's really powerful
you get an extra year of warranty just by using your Chase Sapphire Preferred
card. Over here on the left it talks about auto rental collision damage
waiver. Declined the rental companies collison
insurance and charge the entire rental cost to your card. Coverage is primary
and provides reimbursement up to the actual cash value of the vehicle for
theft and collision damage for most rental cars in the US and abroad. That's
really good to know, it talks right here about baggage delay insurance. Reimburses
you for essential purchases like toiletries and clothing for baggage
delays over six hours by passenger carrier up to $100 a day for five days.
So once again there's a lot of value here a lot of this value here actually
really kind of offsets the fact that this card is going to be 95 dollars
after the first year so the first year is free and the second year in onward is
95 dollars, but you're getting a lot of value here as you can see. The next thing
talks about trip delay reimbursement. If your common carrier travel is delayed
for more than 12 hours or requires an overnight stay you and your family are
covered for unreimbursed expenses such as meals and lodging up to $500 per
ticket. Once again value. The next thing talks about travel and emergency
assistance services. If you run into a problem away from home
call the benefit administrator for legal and medical referrals or other travel
and emergency assistance. You will be responsible for the cost of any goods or
services obtained. So guys once again there's a lot of value that this
particular card is providing. Of course there's no foreign transaction fees so
basically when you make a purchase outside of the US you won't be charged a
foreign transaction fee. And this part is really cool as well talks about the fact
that you have access to a customer specialist 24 hours a day seven days a
week. So this is a great card I don't know if you can tell that I'm a little
biased but I'm really a fan of Chase and what they're doing and the value that
they're offering. Another cool thing about Chase is if you're already a Chase
Sapphire Preferred credit card holder you can earn up to 50,000 bonus points
per year. So you can invite somebody to apply for this card you know like a
referral and you'll get 10,000 bonus points for each friend who gets the
Chase Sapphire Preferred credit card. So that's really cool. Thanks for watching
this portion of the video I'll see you guys
in just one second. Okay thank you for watching this video about the Chase
Sapphire Preferred card. If you like this video please be sure to give us a thumbs
up it helps our channel quite a bit and if you want to share this video with
somebody that may find it helpful please feel free to do so. Before I wrap this
video let me know in the comments below is the Chase Sapphire Preferred card a
credit card that you're actually interested in getting. Let me know in the
comments below and let me know why. If you haven't subscribed to the channel
yet please consider subscribing to the channel because on this channel we talk
about everything you need to know about credit. Whether you're looking to
establish credit, build credit, rebuild credit or learn more about the FICO
score and how that is comprised so you can increase your credit score. We also
talk about ways to get cash back actual cash money from using credit
cards and we do credit card reviews. So if this sounds like something which
you're interested be sure to subscribe to our Channel and click that
notification bell so you don't miss a thing. Once again my name is Duane with
how to build credit TV and I approve this video. I'll see you in the next
video until next time take care and be blessed. Peace!