Chase Sapphire Preferred's annual fee justified by card benefits and rewards

For earning points, the card offers various rates: 5 points per dollar on travel booked through Chase Travel, 3 points on dining, streaming services, and online grocery stores (with some exclusions), 2 points on travel not booked via Chase, and 1 point on all other purchases. Additionally, cardholders earn a 10% points bonus on all purchases made annually.

The redemption of points through the card is also highlighted. Points can be transferred to 11 airline and three hotel programs, including British Airways Executive Club and World of Hyatt. Alternatively, booking directly through Chase Travel awards 1.25 cents per point, enabling savings and earning of additional airline miles.

The card also offers benefits beyond travel points. Purchase protection, travel insurance, and other perks may offer substantial value when needed, especially in cases such as baggage delays.

In conclusion, Chase Sapphire Preferred's range of benefits, including the effective halving of the annual fee through the hotel credit, suggests considerable value for cardholders who maximize the use of these features. As always, individuals should assess their existing cards and travel habits when considering applying for the card.

For more detailed information, you can read a comprehensive review of the Chase Sapphire Preferred.