Chase Sapphire Preferred® Card: Top Travel Rewards and High Limit Highlights

The Chase Sapphire Preferred® Card stands out for Canadians wanting high-value travel rewards and a competitive credit limit. With a typical starting limit of $5,000 or more for those with good to excellent credit, this card delivers significant buying power. The annual fee is $95 CAD, offering an excellent balance between cost and premium rewards. Cardholders enjoy an annual $50 Chase Travel hotel credit, a 10% points bonus every year, and comprehensive travel protections.

How to Apply: Step by Step

1. Review the card’s eligibility requirements—ensure you have a good to excellent credit score.
2. Gather your financial details, including your income and employment status.
3. Complete the online application form with accurate information.
4. Submit the application and wait for approval, sometimes instant.
5. Upon approval, activate your card and start enjoying its benefits.

Key Pros

The Chase Sapphire Preferred® Card’s travel benefits are substantial, including transferable points to airline partners and strong hotel redemption options. The $50 annual hotel credit, paired with a powerful welcome bonus, greatly enhances value for frequent travellers.

Further, its robust protections for trip cancellations, delayed baggage, and auto rental provide peace of mind when travelling abroad or domestically.

Key Cons

The main drawback is the annual fee, which may be a hurdle if you don’t travel frequently or redeem points on travel expenses.

Moreover, a strong credit score is required, making this card less accessible to those newer to credit or rebuilding their score.

Final Verdict

If you’re seeking premium travel rewards, a generous starting credit limit, and strong purchase protections, the Chase Sapphire Preferred® Card is an excellent choice. The annual fee quickly pays for itself if you leverage the perks. For those who appreciate travel and consistent rewards, this card is outstanding.