CNN Underscored rates financial products like credit cards and bank accounts based on their overall value. We may receive a commission through the LendingTree affiliate network if you apply and are approved for a card, but our reporting is always independent and objective.
The Chase Sapphire Preferred® Card usually considered best first travel credit card thanks to generous rewards and a reasonable $95 annual fee. It all starts with a sign up bonus offer that you may have heard about: 60,000 bonus points when you spend $4,000 within three months of opening the account. Those bonus points are worth as little as $750 when you redeem them through Chase, and potentially even more when you transfer them to Chase’s 14 airline and hotel partners.
But aside from the rewards, there are some other perks on the card that make Chase Sapphire is preferred a great deal. Let’s take a look at seven of our favorite lesser-known benefits, all free for Sapphire Preferred cardholders.
1. Trip cancellation and interruption insurance
Imagine you’re on a trip that’s canceled or cut short due to illness or inclement weather, and you suddenly run out of money you’ve spent. If you paid with Chase Sapphire is preferred, you’re eligible to claim reimbursement for your losses, thanks to the card’s trip cancellation and interruption coverage.
This Chase Sapphire is preferred suitable coverage for non-refundable travel expenses, such as airline tickets, tours and hotels, if your trip is halted or canceled for a covered reason. You must pay for the trip with a card to get coverage, but you can claim up to $10,000 per person and up to $20,000 per trip.
Note that when it comes to coronavirus, you can use this insurance plan if you get sick from the virus or are required to quarantine due to a government order. But it won’t cover you if you’re just hoping to cancel your trip as a precaution.
Sign up for the Chase Sapphire Preferred and get free travel insurance.
Chase Sapphire is preferred Cardholders are also eligible for prime rental car insurance, which is a prominent benefit considering most travel credit card provide secondary auto rental insurance at the best rates.
What’s the difference? Secondary insurance means that if you get into an accident with your rental car, you’ll need to file a claim with your personal auto insurer first, with your credit card. used only to cover any remaining expenses after that, such as deductibles. But primary coverage means you can send the entire claim directly to your credit card company and avoid involving your personal auto insurance policy entirely.
This main auto range on Chase Sapphire is preferred Very useful for collision or theft damage claims up to the cash value of the vehicle and it applies to eligible rental cars and in eligible countries when you pay rental fee with your card. Then simply decline the collision damage waiver offered by the rental car company when you rent the car.
3. Delayed and lost baggage insurance
Delayed baggage insurance is another standard benefit of Chase Sapphire is preferred, and it can be helpful if your luggage is temporarily lost by the airline and you have to buy toiletries or clothes. This coverage is valid for up to $100 per day for up to five days and applies when your baggage is delayed for six hours or longer.
But what if your lost luggage never shows up again? You also get separate coverage for that. With the return of lost baggage on Chase Sapphire is preferred, you get coverage of up to $3,000 per passenger if your baggage is damaged or lost by your airline or other common carrier.
Protect yourself against checked baggage issues with the Chase Sapphire Preferred.
Travel can be unpredictable and there are cases where travel delays can lead to unforeseen travel costs. For example, a flight delay could mean paying extra for food at the airport or even an overnight hotel if you’re stuck in a connecting city.
Fortunately, Chase Sapphire is preferred Are you insured? If your travel is delayed by more than 12 hours and as a result you incur additional costs, the card will reimburse you for your unforeseen expenses, up to $500 per ticket when you pay the airline fare usually with your credit card.
Now, if you’re looking for even better protection, the Sapphire Preferred’s “big brother” card, Chase Sapphire Reserve®, which comes with trip delay coverage starting from 6 hours late instead of 12 hours. But the Sapphire Reserve has a much higher $550 annual fee, so you just want to consider if the card’s other perks, aside from the travel protections, are worth the cost.
Even if you don’t travel, Chase Sapphire is preferred comes with benefits that you can take advantage of while at home. This includes purchase protection against damage or theft, which reimburses you for the cost of an item you purchased with a card if it was damaged or stolen shortly after you purchased it.
This coverage is valid for the first 120 days after your purchase with coverage limits of $500 per claim and $50,000 per account. You will find this Chase Sapphire is preferred Protection is extremely useful if you invest in a beautiful item but then it is immediately destroyed or lost for reasons beyond your control.
Click here to get the Chase Sapphire Preferred and its range of purchase protections.
When it comes to items that you expect to have in the long term, you will find Chase Sapphire is preferred could also be useful on that front. Cardholders are eligible for a one-year extended warranty on qualifying purchases that are covered by a manufacturer warranty of three years or less. This benefit maxes out at $10,000 per claim and $50,000 per account.
That means if you’re hoping to make an upcoming big purchase, such as a new TV or refrigerator, you might consider putting it on Chase Sapphire is preferred and get an extra year of protection on your substantial investment.
Final Chase Sapphire is preferred currently comes with a year of DoorDash DashPass membership, which gets you unlimited restaurant delivery with $0 delivery and reduced service fees on orders over $12.
However, if you want to take advantage of this, you need to move quickly. While all the other benefits on our list are permanent features of Chase Sapphire is preferred, if you want a free year of DashPass, you need to sign up by December 31, 2021.
While all these little known credit card perks Free Chase Sapphire is preferred cardholders, remember that you must pay for travel or items with the card to apply. If you pay with another credit card, you won’t be able to use these benefits if needed.
But luckily, there are plenty of other reasons to get and use Chase Sapphire is preferred as your primary credit card, which includes earning 3 points for every dollar you spend on dining, online grocery purchases, and eligible streaming services, plus 2 points per dollar for all all travel and 5 points per dollar on Lyft travel through March 2022. And you’ll earn 1 point per dollar on all other purchases you make with the card.
So if you are considering Chase Sapphire is preferred – or if you already have – make sure you’re taking advantage of all the perks of this popular travel card and protecting yourself both at home and on the road.
Learn more and sign up now for the Chase Sapphire Preferred card.
Interested in other Chase credit cards? Find out which card was selected by CNN Underscored as our card Best Chase credit cards of 2021.
Get all the latest personal finance deals, news and advice at CNN Suberscored Money.
.
