Introducing the Lesser-Known No-Annual-Fee Chase Sapphire Credit Card
If you’re a fan of the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, you may be surprised to learn that there is a no-annual-fee version of these popular rewards credit cards. While the Chase Sapphire Credit Card is no longer available for new applications, existing cardholders can request a product change to this card by contacting Chase.
So, what exactly does the no-annual-fee Sapphire card offer? Here’s a breakdown of its key features:
Earning rates:
– 5 points per dollar on Lyft (until Mar 2025)
– 2 points per dollar on dining
– 1 point per dollar on all other purchases
Benefits:
– Insurances and Protections
While the Chase Sapphire Credit Card may seem like a tempting option for those looking to avoid annual fees, there are some important considerations to keep in mind. For example, if you currently hold a Chase Sapphire Preferred or Chase Sapphire Reserve card and are thinking of downgrading to the no-annual-fee Sapphire card, you should be aware that Chase only allows cardholders to have one Sapphire card at a time. This means that if you downgrade to the Chase Sapphire Credit Card, you may not be eligible to apply for the Chase Sapphire Preferred or Chase Sapphire Reserve in the future.
Instead of opting for the no-annual-fee Sapphire card, you may want to consider other no-annual-fee options offered by Chase, such as the Chase Freedom Unlimited, Chase Freedom, Chase Freedom Flex, or Chase Slate. These cards offer different rewards structures and benefits that may better suit your spending habits and preferences.
In conclusion, while the no-annual-fee Chase Sapphire Credit Card may seem like a good option on the surface, it’s important to weigh the pros and cons and consider other alternatives before making a decision. Ultimately, choosing a card that aligns with your financial goals and lifestyle is key to maximizing your rewards and benefits.