Not exact matches
Long - Term Value: The Chase Sapphire Preferred ® Card comes with a $ 95
annual fee (waived the first year), which
means you have to be a
big spender in order to justify signing up for it.
One of the
biggest advantages is that there is no
annual fee,
meaning you get access to all of the rewards without having to pay a membership
fee.
This is
big news as it
means you can get use the credit twice but only pay the
annual fee once (e.g apply now and use for 2017 and then use it again in 2018).
In simple terms, it
means signing up for a credit card in order to earn a
big bonus (say 50,000 frequent flyer miles) and then cancelling the card before the
annual fee comes due only to re-apply for the card again in the future to earn a second (or third or fourth) sign - up bonus.
That
means they have
big annual fees and generous perks, such as free lounge access.
Long - Term Value: The Chase Sapphire Preferred ® Card comes with a $ 95
annual fee (waived the first year), which
means you have to be a
big spender in order to justify signing up for it.
See related: Luxury reward perks: What you get for paying
big annual fee, How long to wait to apply for another rewards card, Great credit score
means you should reap rewards