Chase Sapphire Preferred Card Review: 50,000 Bonus Points

With the Chase Sapphire Preferred® Card, you can earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. You can also get an additional 5,000 points when you add an authorized user within the first 3 months and they make a purchase. The card double points on all dining and travel expenses while still giving you one point on all other purchases. It also offers no foreign transaction fees and has the annual fee waived the first year. This card is one of the most popular travel reward credit cards, so if you don’t have it already, now is the time. With just the 40,000 bonus points to transfer to 11 airline and hotel partners, you’ll have enough points for two round-trip flights in Economy Class or one international flight. We know you’ll love this card so much, you’ll want to use it everyday.

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Alternative Credit Cards:

• Barclaycard Arrival Plus^TM World Elite MasterCard®
• Starwood Preferred Guest® Credit Card
• Hilton Honors^TMSurpass Card from American Express

Chase Sapphire Preferred Card Summary:

• Learn More
• Maximum Bonus: 50,000 bonus points + Additional 5,000 points
• Spending Requirement: You must spend $4,000 on purchases in the first 3 months from account opening, and add an authorized user (no annual fee) within the first 3 months and they make a purchase.
• Annual Fee: $0 introductory annual fee for the first year ($95 thereafter)
• Bonus Worth: The 50K points alone is worth $625 towards airfare/hotel.
• Expiration Date: No expiration
• Additional Advice: If you have the Chase Sapphire Preferred Card, we recommend combining it with another Ultimate Rewards-earning card, such as the no annual fee cash-back card Chase Freedom Card. This way, you can transfer the points you earn on the Chase Freedom to your Chase Sapphire Preferred Card account and redeem them for more than 1 cent per point. Since both cards are on the Ultimate Rewards platform, you can also combine the points instead of using two different rewards platforms. That’s an immediate 25% increase on the value of your points when used for travel. Since the Chase Freedom has no annual fee, it’s worth considering to squeeze out every dollar you can for your wallet.

Chase Sapphire Preferred Card Features:

• Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®
• Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
• 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
• No foreign transaction fees, plus chip-enabled for enhanced security and wider acceptance
• 1:1 point transfer to leading frequent travel programs at full value – that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points
• Premium Travel and Purchase Protection Benefits, including Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Purchase Protection and more
• 24/7 direct access to dedicated customer service specialists
• Introductory Annual Fee of $0 the first year, then $95

Chase Sapphire Preferred Pros:

• Generous Bonus
• Travel, purchase and security protection
• $0 Foreign Transaction Fee

Chase Sapphire Preferred Cons:

• Introductory Annual Fee of $0 the first year, then $95
• No intro APR

Conclusion:

For those who are big weekend travelers, busy professionals who dine out regularly, or a loyal Chase customer who are looking for great travel benefits, this card is definitely a great option. Not only do you get twice as many points on dining and travel with this card, but also you earn a 20% discount on travel booked through the Chase Ultimate Rewards website simply by being a cardholder. Because the Chase Sapphire Preferred® Card comes with one of the most valuable bonuses with points that can be redeemed numerous ways, it’s definitely my favorite all time credit card. Find our complete list of Credit Card Promotions from our exclusive list!

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.