Chase Sapphire Preferred® Card
Earn up to 75,000 bonus points with competitive rates starting from 19.49%, high credit limits, and exceptional rewards for travel and dining. Get premium benefits with a reasonable fee.
The Chase Sapphire Preferred® Card is designed for Canadians seeking a blend of high credit limits, strong travel rewards, and competitive purchase rates. With a starting APR as low as 19.49% and limits averaging around $10,000—and possibly much higher for those with excellent profiles—this card stands out for flexibility and value. Holders enjoy a robust welcome bonus of 75,000 points when introductory spending requirements are met, along with a modest annual fee of $95.
How to Apply for the Chase Sapphire Preferred® Card
Applying for the Chase Sapphire Preferred® Card involves a straightforward online application. Gather your personal financial details, such as employment status and income, and ensure your credit score is at least in the good range. Complete the application form with accurate information and agree to the terms and conditions before submitting. Once approved, you’ll receive the card, and your specific credit line will be set based on your profile and score.
Key Benefits of the Chase Sapphire Preferred® Card
The rewards program is a major draw—cardholders earn 5x points on travel booked through Chase, 3x on dining, online groceries, and streaming, and 2x on all other travel. In addition, an annual $50 hotel credit and comprehensive travel protections further sweeten the deal. Robust insurance coverage and partnerships with major travel providers give your spending more value, making it ideal for those who prioritize travel and dining.
Drawbacks to Consider
The annual fee, although reasonable at $95, may not be ideal for everyone, especially if you prefer no-fee cards. In addition, a high credit score is typically required, limiting accessibility for those with average or limited credit history. Finally, additional card features may require tracking to optimize benefits, which may not suit those who want simplicity.
Final Verdict
Chase Sapphire Preferred® Card impresses with its high credit limits, premium travel perks, and competitive rewards structure. It is best suited to responsible spenders who can take full advantage of its offerings. If you travel frequently and enjoy dining out, this card delivers excellent long-term rewards. For those looking for flexibility, security, and premium benefits in one package, this card earns a solid recommendation.
