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By: Caroline Lupini
If you’re looking to explore the world, and maximize your credit card benefits in order to do so, the Chase Sapphire Preferred Card is a great way to get into points thanks to a number of travel benefits.
For starters, the Chase Sapphire Preferred earns 2X Ultimate Rewards points on travel and dining and 1X point on all other purchases.
It also allows you to redeem points on tons airlines via their travel portal and has airline and hotel transfer partners that can help you get even more out of your points.
The Chase Sapphire Preferred also has a few lesser known travel benefits too.
For example, you can rest assured that if your flight is delayed more than 12 hours or overnight, you will be reimbursed up to $500.
These helpful benefits, among others, are a few of the reasons it’s one of the most popular travel credit cards on the market.
With that, let’s take a closer look into how you can take full advantage of the travel benefits that come with the Chase Sapphire Preferred:
25% More in Travel Redemption
The Chase Sapphire Preferred offers a redemption bonus of 25 percent when you redeem points for travel through the online Chase Ultimate Rewards travel portal which means you get 1.25 cents per point on these bookings.
Compare this with having a Chase card such as the Chase Freedom with which you only get 1 cent per point when booking in the Chase travel portal.
Using the Chase Ultimate Rewards travel portal is a great way to book cheap economy fares — it can even be cheaper than transferring to an airline partner. For these bookings, you also won’t have to worry about finding award space as these are actually cash fares. If there’s a seat available for sale, you’ll be able to use your points to book it.
Better yet, you’ll also earn miles with the airline you book with when you take your flight! For example, if you book a $500 ticket from the US to Europe through the Chase Ultimate Rewards travel portal, you’ll pay only 40,000 Ultimate Rewards points ($500.00/$0.0125). Depending on what airline and fare class your flight is booked in, you could earn around 3,000 airline miles back when you fly that ticket. That means that your net cost for your ticket is only 37,000 points! That’s much less than if you transferred to an Ultimate Rewards partner.
Hotel and Airline Transfer Partners
The other enticing benefit to the Chase Sapphire Preferred is that you can transfer points 1:1 to certain airlines and hotel programs, like United and Hyatt. There are 8 airline programs and 3 hotel programs that are currently Chase partners.
Transferring Ultimate Rewards points to an airline partner will often be the best way to book business and first class awards. However, there are times when booking an economy award is a better choice than booking through the portal because of the cash fare is so high.
As with all award bookings, it helps to be flexible on travel dates when looking for award space. Now, if you want to book a hotel award stay, just know that Hyatt is generally the only worthwhile hotel partner as the points required is much more reasonable than what you’ll find with IHG and Marriott.
If you are loyal to certain hotels or airlines, the Sapphire Preferred card offers the best of both worlds. You can book cheap flights and hotel stays through the travel portal or make use of transfer partners. If you like to redeem points for flights and hotels, you’ll love the flexibility that the Chase Sapphire Preferred offers.
Trip Cancellation Insurance (Up To $10,000 Per Trip)
If you’ve ever had to cancel a trip (or had one cancelled on you), you understand how frustrating and stressful and sad it can be. Chase eases the burden by covering this type of situation and offering trip cancellation insurance for up to $10,000 per trip.
Instances in which this benefit can be applied include sickness, weather conditions, and a number of others. You will be reimbursed for prepaid, nonrefundable plane tickets, hotel stays, and tours for up to $10,000 per trip. This coverage is not only available to you, but to a travel companion or immediate family member if the expenses are paid for with your Sapphire Preferred Credit Card.
Baggage Delay and Lost Luggage Insurance (Up To $500 Per Trip)
There is no worse feeling than waiting at baggage claim for a bag that never comes. With the Chase Sapphire Preferred, you can turn the disappointment into an opportunity for a little shopping trip!
You (and immediate family members) can be reimbursed up to $100 per day for up to 5 days for essential purchases like toiletries and clothing if your bags are delayed by more than 6 hours. You will need to fill out a baggage delay report and keep all receipts to account for purchases.
Similarly, if your luggage is lost, you may be eligible for up to $3,000 in coverage. The only downside is that you are required to submit the original receipts for what was in the luggage, as well as the luggage itself, which could be challenging if you no longer have the receipts.
Trip Delay Reimbursement (Up To $500 Per Ticket)
Isn’t arriving to the airport a few hours before a flight enough of a wait without the added burden of flight delays? Sometimes, you just can’t win. For those moments when your flight is delayed more than 12 hours or overnight, Chase will reimburse up to $500 of non-reimbursed expenses such as meals and lodging. It may not help get you to your destination faster, but it does make the waiting more tolerable.
Auto Rental Collision Damage Waiver
If your car rental undergoes damage due to collision or theft, you will be covered under Chase without having to file a claim with another source of insurance. Simply pay for the rental with your Chase card and decline the rental company’s collision damage waiver/loss damage waiver (CDW/LDW). Under this policy, if your rental vehicle is towed, for example, you can be reimbursed for any related towing charges.
Coverage with your Chase Sapphire Preferred also means that you will be provided reimbursement up to the actual cash value of the vehicle for theft and collision damage. This applies to most rental cars in the U.S. and while you are traveling abroad.
This benefit is great, but it’s not going to cover you in all circumstances. The following are examples of things that are not covered:
- Expensive, exotic, and antique vehicles
- Vans designed to carry more than 8 passengers
- Vehicles with an open cargo bed
- Motorcycles, mopeds, and motorbikes
- Recreational vehicles
- Injury or anyone or anything inside or outside of the vehicle
Make sure you read through the full terms of the car rental coverage to make sure that your rental will be covered, and if you have any questions, call the number on the back of your card to clarify.
It happens in the blink of an eye—one moment you’re cruising on the highway and the next, you’re in the breakdown lane calling for assistance. If you have a roadside emergency, Chase has a dedicated line at 1-800-847-2869 for you to call any time.
Whether you need a tow, jumpstart, tire change, gas delivery or lockout service, roadside assistance will be dispatched to your location. For your convenience, all associated fees will be billed directly to your Chase Sapphire Preferred.
Travel Accident Insurance
For yourself and immediate family members, travel accident insurance consists of two benefit types. There is one dedicated to common carrier travel accidents and a separate one for 24-hour insurance, which provides coverage for accidental death or a combined loss of speech, sight or hearing on a covered trip.
These benefits can be accessed when part of a covered trip is purchased with your Chase Sapphire Preferred.
Chase Ultimate Rewards points can be used through the Chase travel portal with a 25% bonus (worth 1.25 cents each) or transferred directly to a number of airlines and hotel programs (such United and Hyatt) at a 1:1 ratio. This will give you a ton of options when it comes time to redeem your points for travel.
While popular benefits such as double the points on certain purchases are valuable, these lesser-known benefits can really help you out when travel doesn’t go smoothly. With the Chase Sapphire Preferred, you’ll get trip delay, trip cancellation, and baggage delay insurance. These benefits alone are amazingly valuable and can even save you from needing to purchase additional insurance through the airlines for your trips!
Overall, the Chase Sapphire Preferred is a great all-around travel card with a very reasonably $95 annual fee (waived the first year). It’s a great option whether you travel once or twice each year or even five or six times in a year.
Editor’s Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.