Is the Chase Sapphire Preferred® Still Worth It in 2024?

Introduction: The Chase Sapphire Preferred® Card has been a staple in the travel credit card world for years, known for its valuable rewards and flexible redemption options. But with new competitors entering the market, is the CSP still worth it in 2024? This post will explore the current benefits of the Chase Sapphire Preferred® and whether it remains a top choice for travelers.

Current Benefits:

• Sign-Up Bonus: Earn 60,000 points after spending $4,000 in the first 3 months.
• Rewards: 2x points on travel and dining, 1x points on all other purchases.
• Annual Fee: $95
• Redemption Value: Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards, and you can transfer points to over a dozen travel partners.
• Travel Protections: Trip cancellation/interruption insurance, auto rental collision damage waiver, and purchase protection.

What’s New in 2024: Chase has introduced several enhancements to the CSP in 2024 to keep it competitive, including:

• Increased Points on Streaming Services: Earn 3x points on popular streaming services like Netflix, Hulu, and Spotify.
• New Travel Partners: Chase has added a few new travel partners, expanding your options for point transfers.
• Exclusive Dining Experiences: Access to exclusive dining events and reservations through the new Chase Dining program.

Who Should Get the CSP? The Chase Sapphire Preferred® is still an excellent choice for:

• Frequent Travelers: The 2x points on travel and dining, combined with the 25% point boost through Chase Ultimate Rewards, make this card a top contender for travelers.
• Those New to Travel Rewards: With a reasonable annual fee and straightforward rewards structure, the CSP is ideal for those just getting started with travel credit cards.
• People Who Value Flexibility: The ability to transfer points to various travel partners adds flexibility, allowing you to get the most value from your rewards.

Who Should Look Elsewhere?

• Luxury Travelers: If you’re looking for premium perks like lounge access or higher rewards rates, consider the Chase Sapphire Reserve® or the Platinum Card® from American Express.
• International Travelers: The CSP is a great card for domestic travel, but if you frequently travel abroad, you might want to consider a card with higher rewards rates on international purchases.

Conclusion: The Chase Sapphire Preferred® Card continues to be a strong contender in the travel credit card market in 2024. With valuable rewards, flexible redemption options, and a reasonable annual fee, it’s still worth considering for many travelers. However, if you’re looking for more luxury perks or higher rewards rates, you might want to explore other options.