Chase Sapphire Preferred® Card
Enjoy a high starting credit limit, competitive APR from 19.49% to 27.74% variable, and impressive travel rewards for cardholders with good to excellent credit.
The Chase Sapphire Preferred® Card stands out for Canadians who want higher credit limits and compelling travel benefits. With an initial credit limit starting at $5,000 or more for Visa Signature cards, it’s designed for individuals with good to excellent credit. The competitive annual fee is $95, with an estimated APR ranging from 19.49% to 27.74%, based on creditworthiness.
You’ll enjoy a generous welcome bonus and strong ongoing rewards. Earn 75,000 bonus points after spending $5,000 in the first three months. Additionally, the card provides a $50 annual travel hotel credit when booked through the Chase platform, paired with a 10% points bonus on annual spending. It’s ideal for those seeking extra flexibility and impressive benefits.
How to Apply for the Chase Sapphire Preferred® Card
Applying for the Chase Sapphire Preferred® Card is straightforward. First, make sure your credit score is in the good to excellent range, ideally 670 or higher. Prepare your financial documentation, such as proof of income and employment information.
Next, visit the official issuer’s website and fill out the online application. Enter your personal details, consent to a credit review, and submit your request. If approved, you’ll receive a credit limit based on your credit profile and income. Activation is simple upon receiving your physical card.
Key Pros of the Chase Sapphire Preferred® Card
This credit card is loaded with valuable benefits, especially for travel enthusiasts. You can transfer rewards to popular airline and hotel partners, expand your points’ value, and benefit from robust travel insurance and shopping protections.
Additionally, cardholders receive annual hotel credits, an anniversary points boost, and no foreign transaction fees—making it an excellent choice for frequent travellers who want to maximize everyday spending rewards.
Consider a Few Cons
One consideration is the $95 annual fee, which requires the cardholder to use rewards actively to justify the cost. Also, the strong credit qualification criteria may not suit those rebuilding their credit or just starting out.
Another mild drawback is the lack of introductory APR on purchases, so carrying a balance can be costly if you don’t pay the statement in full. However, these are minor compared to the rewards and flexibility offered.
Our Verdict
The Chase Sapphire Preferred® Card is an excellent option for Canadians wanting a high-limit card loaded with premium travel and shopping perks. It’s most suitable for those with strong credit histories and active lifestyles who can take full advantage of the card’s flexible benefits, bonus opportunities, and travel protections.
With robust earning potential and valuable membership perks, this card stands out in the high-limit segment and should be a top contender if you’re seeking to upgrade your credit card experience this year.
