The Chase Sapphire Preferred® Card is an excellent card for travelers in general. ... The card earns 3 points per dollar spent on travel and dining, and 1 point per dollar spent on all other purchases, and points are worth 1.5 cents apiece when redeemed for travel through Chase.
However, the Chase Sapphire Preferred Card continues to represent a solid value proposition for a wide swath of the traveling public. So long as you're using the card frequently enough to get more than $95 in value from the rewards earned and benefits utilized, this card is definitely worth the annual cost.
You need a 700+ credit score for Chase Sapphire Preferred approval. That means applicants generally need at least a “good” credit score to qualify for the Chase Sapphire Preferred® Card, though it's possible to get approved with a lower score and a higher score may increase the odds.
The Chase Sapphire Preferred® Card isn't a credit card for everyone. You'll need to have good to excellent credit to have a chance at getting approved. We recommend having a FICO score of at least 690 before applying for this card. If you need to wait a bit and work on your credit, it's a good idea to do that.
Sapphire Preferred has a minimum credit limit of $5,000, though many cardholders report receiving a credit limit of $10,000 to $15,000 or even higher. The Chase Sapphire Preferred Card also happens to be the best credit card with a high limit overall, considering more than just spending power.
If you have the Chase Sapphire Preferred or Ink Business Preferred, your points are worth 1.25 cents apiece, while it goes up to 1.5 cents apiece with the Chase Sapphire Reserve. So 60,000 Ultimate Rewards points would be worth $750 to $900 in travel, depending on which card you have.
Chase Sapphire Preferred does not provide complimentary access to airport lounges/clubs. The higher-tier Sapphire Reserve does offer free access to more than 1,200 airport lounges worldwide.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
As one of Chase's no-annual-fee cash back credit cards, the Chase Freedom Unlimited is easier to get approved for than the Chase Sapphire Preferred Card or Chase Sapphire Reserve.
The best luxury credit card is Chase Sapphire Reserve® because it has an initial bonus worth up to $900 in travel, gives a $300 annual travel credit, and provides a complimentary airport lounge membership. But luxury comes at a cost, and Chase Sapphire Reserve charges a $550 annual fee.
Sapphire Preferred offers rewards in the form of points and is geared toward travel, whereas Freedom positions itself as a cash-back card for everyday expenses. Sapphire Preferred isn't built for carrying a balance from month to month, but Freedom's 15-month 0% intro term gives it some financing functionality.
The situation is different for each person. To get this card, you must be able to afford at least the $450 annual fee and minimum monthly payment. The smallest credit line you can get is $10,000. And if you used all of that, your minimum payment would be $100, plus interest.
Yet No Comments