Money Analysed

Why the Chase Sapphire Preferred Card is Ideal for International Travel

Traveling around the world can be an enriching, rewarding, and exciting experience. However, when it comes to international travel, there are many things to consider, such as foreign transaction fees, insurance coverage, travel notifications, exchange rates, and more.

Fortunately, Chase Sapphire Preferred offers an excellent credit card for international travelers, with many features and benefits that make it stand out from the competition.

No Foreign Transaction Fees

One of the most significant benefits of using the Chase Sapphire Preferred card internationally is that it does not charge foreign transaction fees. If you use your credit card to make purchases in a foreign currency, many other credit cards will charge you an additional fee of up to 3% of the transaction amount.

This can add up quickly, especially if you’re traveling for an extended period, and can cut into your travel budget. However, with the Chase Sapphire Preferred card, you can make purchases without worrying about these extra fees.

Set up Travel Notifications

Another crucial feature of the Chase Sapphire Preferred card is the option to set up travel notifications. This will enable you to inform Chase that you will be traveling, so they won’t block your card due to unusual activity.

This can save you a lot of headaches, and you can easily set up notifications directly on the Chase website or mobile app.

Insurance Coverage

In addition to no foreign transaction fees and travel notifications, the Chase Sapphire Preferred card also comes with various insurance coverages that are useful for international travel. These include trip cancellation insurance, lost baggage insurance, travel accident insurance, and rental car insurance.

Trip Cancellation or Interruption Insurance

One of the most valuable benefits of the Chase Sapphire Preferred card is that it provides trip cancellation or interruption insurance for cardholders. This coverage can reimburse you up to $10,000 per trip if your trip is canceled or interrupted due to a covered reason.

There are several covered reasons, including unforeseen illness, severe weather, terrorism, and more.

Maximum Payout and Reimbursement

It’s essential to note that the maximum payout and reimbursement for the trip cancellation or interruption insurance depend on the covered reason. For example, the maximum reimbursement for trip cancellation due to severe weather is $10,000, while the maximum for trip cancellation due to terrorism is $5,000.

It’s crucial to read the terms and conditions of the insurance carefully and understand what is and is not covered.

Exchange Rates

Finally, the Chase Sapphire Preferred card also offers competitive exchange rates, which can be especially useful when traveling to countries with volatile exchange rates. Depending on the exchange rate, you can save a significant amount of money by using your credit card to make purchases instead of converting cash.

Conclusion

In conclusion, the Chase Sapphire Preferred card is a top-tier credit card for international travelers. With no foreign transaction fees, travel notifications, insurance coverage, trip cancellation or interruption insurance, and competitive exchange rates, this card can save you money and give you peace of mind while you travel.

If you’re planning an international trip soon, consider applying for the Chase Sapphire Preferred card and taking advantage of its many benefits.

3) Baggage Delay or Lost Luggage Coverage

Traveling can be a stressful experience, and it can become even more challenging if your luggage is delayed or lost. Fortunately, the Chase Sapphire Preferred card offers baggage delay or lost luggage coverage to help alleviate some of the financial burdens of these issues.

Reimbursement for Essential Purchases

If your baggage is delayed for more than six hours or lost altogether, the coverage will reimburse you for necessary purchases, such as toiletries or clothing. This reimbursement can be up to $100 a day for five days.

This can be a significant relief for travelers who are without their luggage for an extended period.

Coverage for Cardholders and Family Members

One of the essential benefits of the Chase Sapphire Preferred card’s baggage delay or lost luggage coverage is that it extends to the cardholder and immediate family members traveling with them on the same itinerary. This broad coverage can be incredibly beneficial and can provide peace of mind for families traveling together.

Limits for Losses per Passenger per Trip

It’s crucial to keep in mind that the baggage delay or lost luggage coverage from Chase Sapphire Preferred does come with some limitations. The maximum amount of reimbursement for lost or delayed baggage is $3,000 per passenger.

This amount also includes reimbursement for any other type of personal property that may be lost or delayed, such as laptops or cameras. It’s essential to read the terms and conditions of the coverage carefully and understand what is and is not covered.

4) Travel Accident Insurance

Traveling can be an exciting and adventurous experience, but unfortunate accidents and losses can occur. Fortunately, the Chase Sapphire Preferred card offers travel accident insurance to protect against these unfortunate events.

Coverage for Accidents and Losses

If you or a family member traveling with you on the same itinerary experiences an accidental death or dismemberment while traveling, the travel accident insurance coverage from Chase Sapphire Preferred will pay out a sum of up to $500,000. Additionally, the coverage offers up to $100,000 for emergency medical and dental expenses while traveling.

Coverage for Cardholders and Family Members

Like the baggage delay or lost luggage coverage, the travel accident insurance from Chase Sapphire Preferred extends to the cardholder and immediate family members traveling with them on the same itinerary. This broad coverage can provide great peace of mind for family members who are traveling together.

Exclusions from Coverage

It’s crucial to keep in mind that the travel accident insurance from Chase Sapphire Preferred does come with some exclusions. For example, the coverage will not apply to losses resulting from an act of war, self-inflicted injury, or any illegal activity.

It is essential to read the terms and conditions of the coverage carefully and understand what is and is not covered. Overall, the baggage delay or lost luggage coverage and travel accident insurance from Chase Sapphire Preferred offer cardholders and their families additional protection while traveling.

By understanding the benefits and limitations of these coverages, travelers can make informed decisions and enjoy their trips with greater peace of mind.

5) Rental Car Insurance

The Chase Sapphire Preferred card comes with a range of travel benefits, and one of the most significant ones includes rental car insurance. Let’s take a closer look at the rental car insurance offered by this credit card.

Auto Rental Collision Damage Waiver

The Chase Sapphire Preferred card provides an auto rental collision damage waiver, which is vital when renting a car overseas. This coverage provides protection against damage to or theft of the rented vehicle, which can save the cardholder a considerable amount on insurance fees.

Moreover, this waiver can serve as primary coverage, which means it can act as an alternative to a personal or commercial auto insurance policy in case of an accident. Primary Rental Car

Insurance Coverage

The Chase Sapphire Preferred card also provides primary rental car insurance coverage, which means that the cardholder does not have to worry about making a claim on their personal auto insurance policy, in case of an accident.

This coverage can also provide extensive benefits to cardholders, such as savings on car rental rates, discounts on additional rental insurance, and more.

Reimbursement Limit for Stolen or Damaged Rental Cars

It’s essential to note that the Chase Sapphire Preferred card’s rental car insurance coverage comes with some limitations, including reimbursement for stolen or damaged rental cars. The maximum amount the cardholder can be reimbursed is $75,000 per incident, presuming the rental car agreement is compliant with the card’s terms and conditions.

6) Emergency Services

Traveling can often be unpredictable, which is why having access to emergency services can be incredibly beneficial. The Chase Sapphire Preferred card provides cardholders with an array of emergency services while abroad.

Referrals to Medical and Legal Help in Foreign Countries

In a foreign country, navigating health care and legal systems can be challenging. Fortunately, Chase Sapphire Preferred offers referrals and resources that can help with medical and legal issues, saving cardholders an immense amount of time and money.

Emergency Transportation Assistance

In a medical or other emergency, the cardholder may require transportation to a medical facility, and the costs can add up quickly. With the Chase Sapphire Preferred card, cardholders can receive assistance to help them arrange emergency transportation, making sure that they receive the proper medical attention.

Emergency Message Service

In the case of an emergency, the cardholder may need to contact their family members or friends right away. With the emergency message service offered by the Chase Sapphire Preferred card, cardholders can contact their loved ones with minimal hassle.

Emergency Ticket Replacement

While traveling, it’s not uncommon for tickets to get lost, stolen, or damaged. With the emergency ticket replacement service, cardholders can rest assured that they will receive their replacement tickets promptly.

Emergency Translation Services

Navigating a foreign land can be challenging if the local language is not known to the traveler. The Chase Sapphire Preferred card offers translation assistance, so cardholders can communicate clearly with locals, helping to ease the stress of traveling to a foreign place.

Prescription Assistance and Valuable Document Delivery

If the cardholder loses their essential documents or prescription medications while traveling, they may face a lot of difficulties. However, with the valuable documents delivery service, cardholders can get help to replace their documents in case of loss or theft.

Additionally, they can count on the prescription assistance benefit to help them refill their medications quickly and efficiently.

Conclusion

In conclusion, the Chase Sapphire Preferred card provides several valuable benefits and emergency services that can help travelers make the most of their international trips. These benefits include rental car insurance, access to emergency services, and assistance with lost tickets, emergency transportation, document replacement, translations, and more.

Travelers can take advantage of these benefits to stay secure, organized, and stress-free during their international journeys. The Chase Sapphire Preferred credit card offers a wealth of benefits for international travelers, including no foreign transaction fees, travel notifications, insurance coverage, trip cancellation or interruption insurance, baggage delay or lost luggage coverage, travel accident insurance, rental car insurance, emergency services, and more.

These benefits help cardholders save money, stay safe and organized, and get emergency assistance when needed. If you’re planning an international trip, considering using the Chase Sapphire Preferred credit card to enjoy these impressive benefits and to have a memorable and stress-free journey.

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