Tuesday, May 1st, 2012, 12:55 am
Sapphire Preferred World Mastercard
-The link above for the World Mastercard version with a 40K Ultimate Rewards points signup bonus for spending $3,000 and the annual fee waived for the first year will stop working tomorrow morning, 05/02. Of course the Sapphire card gives a 7% annual points dividend, so the signup bonus will actually be 42,800 points.
-Unlike the Visa version, this card covers car rental insurance worldwide, including Israel as well as other commonly excluded countries such as Australia, Ireland, Italy, Jamaica, and New Zealand. (Note that some World Mastercards do not have coverage in Israel, such as the Continental/United World Mastercard). If you rent in Israel without a World Mastercard you will be forced to buy CDW coverage with a deductible. As the car agencies there often manage to find $250 scratches all the time, even though you bought their CDV you still will have to pay the $250 due to the deductible. However with a World Mastercard that does cover Israel you do not need to buy CDW and there will not be any deductible!
-There are no foreign exchange fees, so you’ll get the best possible rates when used overseas.
-You will receive 2 points per dollar for car rentals worldwide, plus the 7% points dividend, giving you 2.14 points per dollar spent on all travel and dining categories. Points can be transferred to partners like United, Hyatt, Korean, BA, Southwest, and more and they can be transferred into anyone’s account.
-When you have the Sapphire Preferred (or Ink Bold) card along with Chase Freedom and a Chase checking account you can truly maximize your spending and rewards.
You can put all spending on dining and travel that is $10 or more and all overseas spending on the Sapphire Preferred and then put all other spending on Freedom where you earn 10 points for every transaction and and 10% bonus points for every dollar spent and 5 points per dollar in rotating categories. Then instead of cashing Freedom points out at a penny per point you can transfer Freedom Ultimate Rewards points to Sapphire Preferred Ultimate Rewards points to transfer them into much more valuable airline or hotel points.