Keeping all the credit card rewards programs straight is sometimes a little tricky. A reader, Jake T., recently wanted to know more about the new Chase Sapphire card. Here you go, Jake, everything you need to know about it!
Chase Sapphire Review
The Chase Sapphire card has been generating a lot of buzz since it first opened since it promises that customers will speak to a dedicated service advisor any time they call.
Or maybe it’s the sign up bonus they are offering that is enticing everyone. Either way, the card is a popular one right now. Let’s take a closer look at what else the Chase Sapphire card has to offer.
Chase Sapphire Features
- Rewards: The Chase Sapphire card offers a points program, redeemable for gift cards, merchandise, cash back and more.
- 24/7 Dedicated Service Advisor: As mentioned above, Chase promises you will reach a live representative whenever you call Customer Service. Just call the number on the back of your card and you’ll be connected to a Chase Sapphire customer service advisor immediately—without pressing “#” or any of the other string of numbers you usually need to enter to get through the menu items. Guaranteed.
- No Annual Fee: The Chase Sapphire card has no annual fee.
Chase Sapphire Rewards Program
Rewards Program. The Chase Sapphire card uses a point system. Points never expire and there are no limits on how many points you can earn.
Earning Points. You earn one point per dollar on all purchases and two points per dollar on any airfare booked through Ultimate Rewards. You can also earn up to 10 bonus points per dollar when you shop online at the Ultimate Rewards Mall.
Redeeming Points for Cash Back. Chase lowered the minimum to cash in your points to 2,000 points for $20. After that, you can redeem any additional points in increments of 100 points for $1. The conversion rate is equal to 1% cash back on all purchases, 2% cash back on travel, and 10% cash back at the rewards mall.
Redeeming Points. You can redeem the points for gift cards and merchandise. You’ll need 2,500 points for a $25 gift card. Some of the stores you can exchange your points for gift cards at are:
- Best Buy
- Crate & Barrel or Pottery Barn
- Exxon, Mobil, or Shell
- Gap or Target
- The Home Depot or Lowe’s
- Macy’s, Norstrom, or Saks Fifth Avenue
Chase Sapphire Details
Blueprint. Chase Sapphire comes with Blueprint, a unique set of features that lets you manage your finances—on your terms. Design your plan and see progress on every statement. Essentially, the blueprint program allows you to set up payment plans to make sure you are paying off everyday purchases in full each month without interest and track your spending. It also allows you to pay off larger purchases over time, but that’s not something we’re going to endorse without a 0% APR.
Choice of Payment Date. If your originally scheduled payment date is inconvenient, change it to a date that better suits you. You can align it with the same day your other payments are due, or the same day you get paid.
Year-End Summary. Your year-end summary organizes all your previous year’s transactions into categories by purchase type. This is great for tracking spending and filing tax returns easily. You can access your Chase Sapphire year end summary at chasesapphire.com/summary.
If you aren’t able to see your year end summary because you weren’t using the online service, another option is to enroll your card for free at Mint.com and you’ll be able to see all of your purchases by category.
Sign Up Bonus
As an added bonus, don’t forget to check out the $100 Sign Up Bonus that Chase is offering right now for the Sapphire card!
Here are the highlights on how to get the bonus:
- Open a new Chase Sapphire card and make your first purchase.
- Spend $3000 in the first 3 months.
- Earn 25,000 bonus points – that’s $250 towards a flight or any other reward.
- Points may take 6-8 weeks to post to your account but statement credits will post within 5-7 business days of redemption.
Chase Sapphire Overall
If you’re in the market for a new credit card, check out the Chase Sapphire card. The points program is a nice perk and if customer service is important to you, you’ll love the “no voice recording” feature of its Customer Service!
Hope that helps Jake!