Yes I have the preferred and it has a lot of advantages to the power pass like no blackout dates.The only advice I can give you as far as getting a cheaper price is to look for a promotion to get a discount.Also if you plan to renew it when it expires the price is much cheaper,like I just renewed my preferred for $159 plus tax.I remember when I first got my annual passes for Universal back like 14 years ago Burger King had constant promotions for buy one year get a second year free,and back then the regular price for a preferred pass was like $150 and $99 to renew,Universal has gotten very popular over the last couple of years and prices have shot up along with their popularity.I have a friend who bought the Premier pass which is the most expensive annual pass and it does have a couple of benefits over the preferred like a free non peak Halloween Horror Nights ticket,free express after 4pm,free valet parking and like 8 free bottles of water but it's like $100 or more than the preferred which works just fine for me.