Chase Sapphire - my precious!

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at issuer’s secured site
good credit
intro purchase APR no intro offerregular APR16.24 - 23.24% (V)
intro BT APR no 16.24%
rewards 1x-2x points on $1 +50,000 bonus
  • earn 2x points on travel and dining out 
  • get 50,000 bonus after spending $4,000 in the first 3 months
  • get 5,000 bonus miles after adding authorized user in 3 months after account opening
  • only 10,000 points for spending $500 in the first 3 months for a basic no annual fee Sapphire card
  • 20% off for travel related expences

 

$95 annual fee, waived for the first year

or no annual fee for basic Sapphire card

2x points on travel and dining

1 point per dollar on all other purchases as usual

card is made of metal

Editors Review

Pros

  • there is no annual fee basic Sapphire version of the card
  • 2x points on travel and restaurants (2x on dining for basic card)
  • 50,000 bonus points for spending $4,000 in the first 3 months (only 10,000 for basic card)
  • reward points worth 1.25 cents each if redeemed for travel through Chase or just 1 cent if redeemed for cash (boost not offered on a no annual fee Sapphire card)
  • you can also transfer points to popular airline frequent flyer programs 
  • no foreign transaction fee (3% fee on a no annual fee card)
  • the card is made of real metal, so looks very solid

Cons

  • $95 annual fee, however waived for the first year

Verdict 

Another great travel rewards card with a 2x rewards on gas and restaurants. What makes it even better is the 25% points boost you get when redeem for travel through Chase. 

A good tip: If you have a Freedom card, you can transfer Freedom rewards points to your Sapphire account and then use it for travel through Chase with a 1.25% rate. 

The card has a $95 annual fee, so you need to spend on a card to justify this expense. A good way to offset the annual fee is to qualify for a 50,000 sign up bonus (you need to spend $4,000 in the first 3 months for that).
If you are hesitant to pay an annual fee, consider a no annual fee basic Sapphire card with less attractive rewards and bonuses and no 25% points boost eligible.
Last updated: 08/13/2016









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