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Chase Sapphire Preferred®: Full Benefits Guide

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This article was last updated Aug 20, 2015, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

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Here is a comprehensive list of benefits — large and small — associated with the Chase Sapphire Preferred® Card. We compiled some of the information from this PDF, but the information is subject to change and can vary depending on your particular account.

So please call Chase using the number on the back of your card for the latest details before making any decisions based on the coverage.

We currently rate the Chase Sapphire Preferred® Card one of the best credit cards for airline miles because of its point transfer feature and benefits package.

The Chase Sapphire Preferred® Card does NOT offer lounge access. If you’re looking for information about the more expensive Chase Sapphire Reserve®, which includes lounge access, and other perks check here.

Travel benefits

No Foreign transaction fees. $0 transaction fees will be assessed on purchases made outside the United States.

$500 Trip Delay Reimbursement. If your trip is delayed by 12 hours or more, you could be eligible for reimbursement of up to $500 per purchased ticket for things like lodging and meals. You must purchase the ticket using your card for the benefit, either in part or in full to be eligible.

$100 Baggage Delay Coverage. If your baggage is delayed 6 hours or more you could get up to $100 per day in reimbursement for up to 5 days to help cover buying replacement clothing, toiletries, and charging cables while you wait for your bags. You need to buy your ticket in part or in full with your card, and tickets purchased with reward points or miles from a program that Chase has a relationship with (like the transfer partners of the Ultimate Rewards® program) are eligible for coverage.

$500,000 Travel Accident Insurance. You can get up to $500,000 in loss of life coverage when you charge your common carrier fare to your card, or use rewards points from a program that Chase sponsors.

Trip Cancellation Insurance. You can be reimbursed If you must cancel pre-paid, nonrefundable travel arrangements you made with the card due to serious illness, death, or injury to you, your spouse, traveling companion, or immediate family.  Weather that prevents you from prudently making the trip, jury duty and military orders are also covered reasons for canceling a trip.

You can be reimbursed up to $5,000 per person, per covered trip, up to $10,000 total per covered trip.

Trip Interruption Insurance. If your trip can’t begin or continue due to a covered reason you can get up to $5,000 reimbursed for nonrefundable transportation that you missed. You and your immediate family are covered, and you don’t have to be traveling, so tickets you purchase for immediate family qualify for coverage.

Covered reasons include severe illness, injury, or death of an immediate family member, your traveling companion, or one of your traveling companion’s immediate family members.  They also include jury duty, military orders, and severe weather that prevents you from beginning or continuing a trip.

You can be reimbursed up to $5,000 per person, per covered trip, up to $10,000 total per covered trip.

Car Rental Collision Damage Waiver. This benefit offers primary coverage for physical damage or theft to a vehicle, valid loss of use charges, and reasonable towing charges.  It includes economy through luxury class vehicles, vans that carry 8 or fewer passengers, and SUVs. Cars considered ‘expensive or exotic’ are excluded from coverage. U-Haul and rental trucks are NOT  covered by the insurance

Rentals in any country that allows it qualify for the coverage, so even places often excluded from credit card car rental coverage like Mexico, Ireland and Israel you can use the Sapphire Preferred’s benefit. It’s a good idea to call the number on the back of your card and request a ‘proof of coverage’ document to present to your car rental company if you’re renting outside the U.S.

Roadside Assistance. This is not free for cardmembers. Instead24 hour roadside assistance including limited towing, lost key, and gas replacement is available for $59.95 per service call.

Lost Luggage Reimbursement. When your luggage is lost by your carrier, you could be eligible to receive reimbursement for your checked luggage, carry-on luggage, and contents for up to $3,000 per person, per trip. You and your immediate family are covered. Jewelry, watches, and electronic equipment are limited to $500 in coverage.

Hotel upgrades, free breakfast, and more. If your card is a Visa, the Visa Signature® Hotel Collection includes hundreds of upscale hotels offering room upgrades, free continental breakfast, and 3pm late check-out when you use the card and when available. Details at www.visasignaturehotels.com. You can also access Chase’s Luxury Hotels and Resorts collection with additional benefits at www.lhrcollection.com.

Point earning

2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Dining purchases include fast food and fine dining. Eligible travel purchases include airlines, airports, car rental agencies (including truck, trailer, and RV), cruise ships, hotels and motels, timeshares, local and commuter transportation (including trains, buses, taxis/limos, ferries, bridges, tolls, and parking), and travel agencies.

Even more points by using links to online shopping. Log into UltimateRewards.com and use their links to popular online shopping sites like Macy’s, Dell, Lands End, and Travelocity. Note that this is on top of  other point bonuses, so if for example you booked using the link to Travelocity.com, you earn 2x points for a travel purchase plus the current 2x points for using the UltimateRewards link to Travelocity.com.

Reward options

Transfer points to partners. Ultimate Rewards points held by Chase Sapphire Preferred® Card cardmembers can be transferred 1:1 to mileage accounts of the following travel partners: United Airlines, Southwest Airlines, British Airways, Korean Airlines, Virgin Atlantic, Singapore Airlines, Hyatt, Marriott, and IHG® Rewards. Transfers are instant for some partners, and you can transfer to yourself or anyone in your household who is an authorized user of your card.

25% more in travel redemption when you redeem through Ultimate Rewards. Points are worth 25% more when you redeem for airfare, hotels, car rentals and cruises. For example, 80,000 points are worth $1,000 toward travel.

Buy merchandise with points. Thousands of popular items are available at UltimateRewards.com.

Use points for statement credit. Purchases made within the last 60 days are eligible for statement credit using points. Each 2,000 points is worth $20 in credit.

Use mix of points and cash for travel purchases. When you book travel at UltimateRewards.com you can use as many or as few points as you wish toward the cost of the travel. Points are worth $0.0125 each — or 40,000 points for a $500 travel credit on ultimaterewards.com. Choose any flight, at any time with no restrictions.

Cash back. Convert points to cash at a rate of $10 for every 1,000 points, with a 2,000 point minimum.

Gift cards. Most available at a rate of $1 per 100 points — with minimums of 500 – 10,000 points to redeem.

Retailers include Amazon, American Eagle, Applebees, Avis, Banana Republic, Barnes and Noble, Bath and Body Works, Bed Bath and Beyond, Best Buy, Best Western, Bloomingdales, BP, Brooks Brothers, Budget, Cabela’s, California Pizza Kitchen, Carnival, Continental Airlines, CVS, Dave and Busters, Dunkin Donuts, Exxon, Fairmont, Foot Locker, Gap, Hammaker Schlemmer, Hertz, Hyatt, iTunes, JCPenney, Kmart, Kohl’s, Lands End, Lowes, Marriott, Mortons, Nordstrom, Office Depot, Old Navy, Outback, PF Chang’s, Panera, Pier 1, Pottery Barn, Regal, Roy’s, Royal Caribbean, Ruth’s Chris, Saks Fifth Avenue, Sears, SeaWorld, Sephora, Shell, SpaFinder, Starbucks, Sunglass Hut, TGI Fridays, TJ Maxx, Talbots, Target, The Home Depot, The Ritz Carlton, Tourneau, Toys R Us, Universal Orlando, Walmart, Williams Sonoma.

Combine points. You can combine points earned on your Chase Sapphire Preferred® Card with those in any other Chase account that uses Chase-branded points such as Ultimate Rewards. This includes accounts in your name as well as those in the name of a spouse or domestic partner. There is no fee for the transfer.

Points do not expire. As long as your account is not delinquent and is active.

Other benefits

Purchase protection. If an item you purchase in the U.S. using your card or rewards points is stolen, damaged, or otherwise involuntarily lost within 120 days of purchasing it, you could be reimbursed up to $500. The reimbursement is up to the the actual cost to replace or repair your purchase, or the $500 limit, whichever is less. If you have personal insurance like renters, homeowner, or auto coverage, you’ll need to file a claim with your insurance company before receiving this benefit.

Extended warranty. U.S. warranties of 3 years or less can be extended up to one additional year when you use your card to make the purchase. You can get reimbursed a maximum of $10,000 per claim.

Free wine tasting. Over 60 wineries in Napa and Sonoma County offer 2 complimentary tastings per card holder and discounts on wine purchased in person at the winery.

Discounts and free shipping. Many online merchants offer special discounts and shipping offers for Visa Signature card holders, see this link for details.


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