When I see a $95 charge on my Chase account, I already know it is an annual fee. This time it is for the Chase Sapphire Preferred. The card is useless for me. Let’s look at the major perks:
- $50 hotel credit: Clever but it still leaves me $45 short of rationalizing the fee.
- 3X dining: I receive this on my Chase Freedom Flex.
- Car Insurance: I have this on my Chase Ink Preferred.
I called to see if there was a retention offer. There was not. Seconds later the card was closed. When I first started in the points game, this card was coveted. I now find it useless, apart from the initial sign-up bonus (see Chase Sapphire Approved!).
Agree. Did the same thing with mine last month.
What about the DashPass membership? That keeps me (even though I also have the Chase Ink Preferred).
We keep for primary rental car insurance, although may be time soon to reconsider that.