25% MORE IN TRAVEL REDEMPTION
Thanks to Chase’s multiple partnerships and and Ultimate Rewards Portal, the Chase Sapphire Preferred allows you to get 25% more value when you redeem for airfare, hotels, car rentals and cruises through them.
The Chase Sapphire Preferred offers one of the best sign-up offers in the market. The card gives you 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 redeemed through Chase Ultimate Rewards!.
Downside of the Chase Sapphire Preferred
Unfortunately, this card doesn’t offer a 0% introductory APR period, enforcing customers to pay interest on every purchase that is not pay in full within the card period. The interest is also slightly above average, with a 15.99% to 22.99% variable APR.
Things to keep in mind when choosing a credit card:
- Consider the fees: Take in consideration your expenses and how much of the fees you are willing / able to pay.
- Credit Score: Your credit score will determine your availability to apply to some credit cards. The best cards tend to be available to customer with good credit score (a FICO® Score of 670 or higher). Be mindful of this and work on it as overall it will allow you to access to more and better benefits. Applying for cards when you don’t have the enough credit for it could damage your score.
- Decide based on your interests: If you are a person who travel only once a year, travel lounges might not be something you care about. Find a card that fits your travel habits and that offers the rewards you could use the most.
- APR: They will vary depending on your credit, and they could go as high as 25.49%! It is always recommended to pay the amount in full before the end of the period to avoid these fees.