How The Chase Sapphire Preferred Will Save Your Summer Vacation


You might associate travel credit cards with points, miles and the free travel the rewards can offer. However, the best cards can give you valuable perks and benefits for the entirety of your vacation, helping you save and maximizing your fun wherever you go.

At a modest $95 annual fee, the Chase Sapphire Preferred® Card packs a solid set of benefits to make your next trip more rewarding. Below, CNBC Select breaks down how the card can help you at every stage of your vacation — from the moment you book it to catching a Lyft ride home back from the airport.

Chase Sapphire Preferred® Card

  • Rewards

    $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 3X points on select streaming services and online grocery purchases (excluding Target, Walmart and wholesale clubs), 2X points on all other travel purchases, and 1X points on all other purchases

  • Welcome bonus

    Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®.

  • Annual fee

  • Intro APR

  • Regular APR

    20.74% – 27.74% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

  • Credit needed

Booking a vacation

Planning your trip

Getting to and from the airport

Waiting for your suitcase at baggage claim

Nobody wants to arrive at their destination only to find out their luggage didn’t arrive with them. Luckily, if your bag doesn’t show up on the baggage carousel, the Chase Sapphire has got your back.

If your luggage is more than six hours late, the Chase Sapphire Preferred can reimburse you for purchasing essentials, such as clothing, toiletries, chargers for your electronics and more. The card’s baggage delay insurance can cover these expenses for up to $100 per day and a maximum of five days.

And if your bag ends up never making its way back to you, the lost luggage reimbursement on the Chase Sapphire Preferred can cover the cash value of your checked baggage for up to $3,000 per trip.

Note that in both of these cases, you’ll have to report the delay or loss to the airline first and give them the opportunity to reimburse you. But if the airline fails to come through, the card’s coverage will kick in.

Renting a car

Shopping on your trip

Should you decide to indulge in some shopping while on your trip, the Chase Sapphire Preferred protects eligible purchases on the card against theft or damage within 120 days from the date you made them for up to $500 per claim and $50,000 per account. With the purchase protection coverage the Chase Sapphire Preferred offers, the item can be replaced or repaired. Otherwise, you can get reimbursement for the item’s total price.

If the item you bought with the Chase Sapphire Preferred comes with a U.S. warranty of three years or less, the card can extend the warranty for an additional year. Your purchase will be covered for the original price of the item, up to a maximum of $10,000 per claim and $50,000.00 per account.

And if your destination is outside of the U.S., you won’t have to worry about paying any foreign transaction fees when using the card, giving you one more incentive to hit the stores.

Checking out local restaurants

Staying safe until the end of your trip

Peace of mind is critical to a successful vacation. To help you achieve it, the Chase Sapphire Preferred offers the following benefits:

  • Roadside dispatch, a pay-per-use assistance program that can help you with services like towing or roadside assistance — think tire changing, jump start and fuel delivery.
  • Travel accident insurance, which covers you and your immediate family members in case of tragic events on your trip, such as death, dismemberment and others. The coverage limit is $500,000 if the accident happened on a common carrier and $100,000 if it occurred during the trip itself.
  • Travel and emergency assistance, which can help you in case of an emergency on your trip. Some examples of the available services include medical and legal referrals, emergency transportation, translation and others. Note that all associated costs are your responsibility.

Bottom line

If you’re planning your next vacation, don’t forget to plan which credit card you’re going to use. The Chase Sapphire Preferred is an excellent candidate, offering a solid package of benefits and protections for every stage of your trip. Just keep in mind that for all these perks to kick in, you need to make sure to charge all associated expenses on the card.

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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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