The Chase Sapphire Preferred card is one of the most popular consumer credit cards on the market. With its attractive rewards program and added benefits, it’s no wonder why many people choose to carry this card in their wallet. One of the new benefits that Chase added to the card is a $50 hotel credit, which has been well-received by cardholders.
The Chase Sapphire Preferred card offers excellent rewards on day-to-day spending in select categories. Cardholders earn 5x points on travel booked through the Chase Ultimate Rewards travel website, 3x points on streaming services, select online grocery purchases, and dining/takeout/food delivery services, 2x points on all other travel purchases, and 1x point on all other purchases. This makes it a great card for those who frequently travel and dine out.
In addition to the rewards program, the Chase Sapphire Preferred card also offers a welcome bonus of 60,000 Ultimate Rewards points after spending $4,000 in the first 3 months of card membership. These points can be redeemed for a minimum value of $750 through Chase’s portal. This is a generous bonus that can help offset the annual fee of $95.
One of the standout features of the Chase Sapphire Preferred card is the $50 hotel credit. This credit is automatically activated at the start of each new membership year and can be used towards eligible hotel bookings made through Chase’s travel portal. The credit typically posts quickly, usually within the next business day.
Cardholders have a few frequently asked questions about this benefit. One common question is whether the credit can be used for any hotel booking. The answer is no; the booking must be made through Chase travel to be eligible for the credit. Another question is whether the credit applies to points and cash bookings. The answer is yes; cardholders will still receive the credit even if they book using a combination of points and cash.
The credit usually posts within a day or two after the qualifying purchase is made. It’s important to note that the credit is available every calendar year, so cardholders can take advantage of this benefit each anniversary year after renewing the card and paying the annual fee.
Overall, the $50 hotel credit is a fantastic additional benefit with the Chase Sapphire Preferred card. It adds even more value to an already attractive rewards program and helps offset the annual fee. Cardholders can maximize their rewards by using this card for dining and travel expenses, and take advantage of the hotel credit for additional savings.