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According to Wandering Aramean, Chase is doing market research on higher annual fees for the Chase Sapphire Preferred card. The fees being tested are $125 and $149. That is is a big increase from the current $95 annual fee!
The application page looks the same, except for a different annual fee and phone number. The annual fee you get could be $95, $125, or $149. So be careful if you apply for this card directly through Chase!
If you apply through my link, you will still get the $95 fee. For now at least.
Chase Sapphire Preferred
Link: Chase Sapphire Preferred
The Chase Sapphire Preferred gives you:
- 40,000 Chase Ultimate Rewards points when you spend $4,000 within 3 months
- 5,000 Chase Ultimate Rewards points when you make your first purchase and add an authorized user within 3 months
- 2X points on travel and dining
- Annual Fee waived the 1st year, then $95 (for now)
- NO foreign transaction fees
I like the Chase Sapphire Preferred card because you can transfer the points you earn to airline and hotel partners at a 1:1 ratio. We’ve taken some great trips – to Paris, India & Macau – because of these transfers such
You can also redeem your points for gift cards at 1 cent per point. So the 40,000 point bonus is worth $400 in gift cards. And you get an extra 5,000 points for adding an authorized user.
But I prefer to transfer Chase Ultimate Rewards points to airlines and hotels because I can get much more than $400 worth of travel from the points. This is 1 of the main ways Emily and I can have Big Travel with Small Money!
Chase is testing out higher annual fees of $125 and $149! So if you plan on applying for the Chase Sapphire Preferred card, you may want to apply now to avoid paying a higher annual fee later.
That said, remember that the annual fee is waived for 1st year.