Questions and Answers

Since I have a couple thousand in flights that I’m booking but is getting reimbursed, I was thinking of picking up Chase’s Sapphire Preferred card for the 50K signup bonus. However, I’m hoping I can cancel the card before the first annual fee hits.

Does anyone know when during the year that they have you pay the annual fee? I would also greatly appreciate arguments for why the card is worth keeping despite the annual fee, or suggestions for other good credit cards for a San Francisco based traveler!

[USER=1486]@wilve[/USER], the annual fee for the Chase Sapphire is charged on the one year anniversary (first year is usually free). A strong argument for keeping the card long term is the requirement to have either that card or the Ink Plus or Bold in order to be able to move points into travel partner accounts. Besides that, the card also provides primary car rental insurance and insurance while booking award tickets and only charging fees and taxes to the card. For UR accrual purposes the 2x return of all travel and dining is also useful although the specific rate is now matched by many other cards.

Any reason you wouldnt consider keeping the card? It’s not a very high annual fee, the benefits usually outweigh the fee and if you get a mix of other Chase cards as [USER=79]@Gaurav[/USER] suggested, it can be a great way to earn points quickly.