Chase Sapphire Preferred® Card Essentials
The Chase Sapphire Preferred® Card is among the most popular travel rewards credit cards on the market and there are certainly plenty of reasons for its beloved status. In particular, this card rewards travel lovers with opportunities to be rewarded when scratching the wanderlust itch, but it also rewards you when you don't have the time or funds to travel to the Caribbean for jerk chicken, but can make it down the street to that great little Caribbean food place.
Earn two miles for every $1 spent on your travel and dining purchases and one mile per $1 on all your other purchases.
And let's not overlook the healthy welcome bonus offered by this card: Earn 50,000 Chase Ultimate Rewards® points after you spend $4,000 on your new card within the first three months. Those points alone are worth $625 when you redeem them for travel through the Ultimate Rewards® portal. When you consider the value, offsetting the $95 (waived the first year) shouldn't be too difficult for even a semi-regular card user.
Take a look at these key features of the Chase Sapphire Preferred® Card:
- Get started on the right foot with 50,000 bonus points after you spend $4,000 on your card in the first three months
- Keep the earning going with two points per $1 spent on your travel and dining purchases and one point per $1 on everything else
- Redeem your rewards through Chase Ultimate Rewards® and they're worth 25 percent more.
- Combine Ultimate Rewards® points from other Chase cards on your account, such as Chase Freedom®, to really see the rewards accumulate quickly (more on this below).
In addition to redeeming your rewards for cash back or for travel through the Ultimate Rewards® portal, Chase partners with a number of popular hotel and airline loyalty programs, including IHG® Rewards Club, Southwest Airlines Rapid Rewards®, British Airways Executive Club, World of Hyatt and several more; transfer your points to your accounts with those loyalty programs and you may be able to make those points go even further.
What Our Editors Like Most About the Chase Sapphire Preferred® Card
The flexibility to redeem your rewards through the Chase portal or by transferring them to one of a number of loyalty programs means this card can really be tailored to fit your travel needs. Furthermore, if you're earning rewards for traveling, you're likely also dining out during your journeys and this card rewards you for that, too.
Speaking of flexibility, you don't have to worry about blackout dates, seat restrictions or reward expiration with the Chase Sapphire Preferred® Card. You can even use points to book flights for someone else.
Remember, too, that your points are worth 25 percent more when you redeem them through Chase Ultimate Rewards, making that 50,000 bonus points after your spend $4,000 in the first three months worth $625 when redeemed for travel. Combine that bonus with points your earning through the use of other Chase cards and you could be taking off on your next adventure in no time.
This card is especially valuable when you combine it with other cards functioning on the Ultimate Rewards® platform. Here's how to make that work for you: If you have a no-annual-fee Chase Freedom® card, for instance, you're earning 5 percent back when you activate in categories that rotate quarterly (up to $1,500 spent in those categories each quarter). Use your Chase Freedom® card in the 5 percent category and your Chase Sapphire Preferred® Card for your dining and travel purchases. Combine your points under your Chase Sapphire Preferred® Card account and take advantage of that extra 25 percent value when you redeem those points for travel.
Who Should Get the Chase Sapphire Preferred® Card?
If hitting the road, flying the skies, cruising the seas or even just taking an Uber around town (yes, Uber rides qualify as "travel") are things you do often, the Chase Sapphire Preferred® Card could be perfect for you. Even better if you're someone who enjoys dining out regularly. With this card, all those morning lattes, after-work drinks and Saturday evening adventures to the newest restaurant in town could soon add up to your exploring some new place far, far away.