You’ve got a ton of options when it comes to choosing a credit card that is right for you. These days there is so much competition in the credit card market that banks are offering more and more so they can get your business. Rewards is the name of the game these days and cards like the Chase Sapphire Preferred Credit Card are upping the ante.
Rewards cards offer you all sorts of things like points for rewards and cash back. The idea is that you get to spend but also get some of that money back through rewards, which is pretty cool. We like Chase Sapphire Preferred Credit Card for travel and leisure since you get double the points when you spend money on travel-related things. And you still get points for the everyday stuff too.
When choosing a credit card you need to take a bunch of things into account. One of the most important things is what you’re going to be using it for. You also need to be careful about annual fees versus interest rates and late fees since you know your spending and payment habits better than anyone else. We’re going to tell you a little about the Chase Sapphire Preferred Credit Card, which does come with an annual fee but also a bunch of rewards, it might be the fit you’re looking for.
Why Chase Sapphire Preferred Credit Card Might Be For You
So the Chase Sapphire Preferred Credit Card is really awesome for those of you who travel a lot for work or play. The dollars you spend on hotels, flights and dining will help you earn double rewards points. Additionally, you don’t get charged foreign transaction fees when you use the Chase Sapphire Preferred Credit Card outside of the United States.
For everyday life, you earn a point for every dollar you spend. Also, they’ve got a special promo for new Chase Sapphire Preferred Credit Card holders. You get a bonus of 50,000 points when you spend $4,000 on purchases in the first 3 months from opening your account.
You can use your points toward Chase Ultimate Rewards. Chase Ultimate Rewards allows you to redeem your points on travel, retail, accommodation, and other lifestyle-related offers. The 50,000 points can give you up to $625 in savings toward Chase Ultimate Rewards!
How To Apply For A Chase Sapphire Preferred Credit Card
Applying for your own Credit Card is fairly simple. All you need to do is fill out the online application form found on the Chase Sapphire Preferred Credit Card website.
To apply, you must be at least 18 years of age and have a steady stream of income. Some of the documents and details you’ll be provided when you make your application include your Social Security Number, proof of address, and employment details.
If approved, your credit limit will be based on your credit score. This can range from anywhere from $500 to $5,000 depending on your creditworthiness.
Chase Sapphire Preferred Credit Card Fees And Charges
To enjoy the perks that this credit card offers, you need to pay fees and charges on time. One of these is your annual membership fee. Other fees you will need to be mindful of are your annual interest rate as well as cash advance fees. There are also late fees associated with late payment. And you will also need to pay a balance transfer fee if you use that option.
Annual fee: $95
Interest: 18.24% APR to 25.24% APR (based upon your credit score)
Cash Advance: 5% of withdrawal or a minimum of $10.
Late fees: up to $38
Balance Transfer Fee: 5% or $5 of the amount used (whichever is higher).
How To Contact Chase Sapphire
Their head office is located at the following address.
JPMorgan Chase Bank
1111 Polaris Parkway
Columbus, Ohio 43240
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.