New applicants can earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account.
Earn 2X points on travel and dining at restaurants worldwide and 1 point per dollar spent on all other purchases.
It comes with a $95 annual fee that’s waived the first year. That’s less than many other premium travel cards. Thus, it’s a good choice for a beginner since you can effectively try it out for a year without paying anything at all.
Because this point earns Ultimate Rewards® points, one of the most flexible point currencies, this card will go a long way, especially if you’re experienced in the points and miles game, looking to get the maximum value.
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Chase Sapphire Preferred Card Summary
With the Chase Sapphire Preferred® Card:
• Earn 60,000 bonus points after you spending $4,000 in the first 3 months. (That's $750 toward travel when redeeming via Chase Ultimate Rewards®)
• Named "Best Credit Card for Flexible Travel Redemption" by Kiplinger's Personal Finance, June 2018
• Earn 2X points on travel and dining at restaurants worldwide
• Earn 1X point per dollar spent on all other purchases outside of the travel & dining category
• No foreign transaction fees to worry about
• You're able to get 1:1 point transfer to leading airline and hotel loyalty programs
• Your points get 25% more value when redeeming for airfare, car rentals, cruises, & hotels, via Chase Ultimate Rewards.
• There are no blackout dates or travel restrictions - just as long as there's available seating on the flight - you're able to book via Chase Ultimate Rewards
Learn More About This Card Here
Earn 2X Points on Travel & Dining
The Sapphire Preferred® features two basic but popular bonus categories. You’ll earn 2 points per $1 spent on both travel and dining. The way those categories are defined is where this card offers plenty of flexibility.
The travel category on this card is broad, incorporating plenty of purchases that you may not think of as a travel expense. For instance, ride-sharing services, such as Uber and Lyft, count as travel and earn 2X points on the Sapphire Preferred®.
In addition to the charges you might expect to count as travel, such as airlines, hotels, motels, car rentals, cruise lines and travel agencies, you’ll also earn 2X points when paying for passenger trains (including most commuter trains), buses, taxis, limos, ferries, toll bridges and highways, parking lots and garages. If you think about it, that’s a lot of different purchases you can earn 2X points for, even when you’re just traveling near home.
For dining, you earn 2X points on basically all restaurants, regardless of whether they’re fancy sit down places or fast food joints. However, you can earn this bonus at many bars and even some delivery services, such as Seamless and UberEats.
This card has many versatile opportunities to earn points you’d never think of.
Points are flexible to redeem on the Sapphire Preferred® Card. Use your points to purchase airfare, reserve hotel rooms, and even rent a car. Your points are worth 1.25 cents apiece through the Chase Ultimate Rewards® travel portal.
By booking through the portal, you don’t have to worry about blackout dates or finding award space. As long as there’s a seat on sale for a flight you want, or a hotel room available to reserve with cash, you can pay with your points.
Point Transfer Program
The Chase Sapphire Preferred® Card is one of the few cards where you can transfer your accumulated points to select loyalty programs to help top off awards bookings at the respective hotel chain or airline.
Points transfer partners include:
- Airline programs:
- British Airways
- Flying Blue
- Singapore Airlines
- Virgin Atlantic
- Aer Lingus
- Hotel programs:
It’s best to transfer your points if you know exactly how you plan on using them. You’ll need to learn which partners are the best for where you’re going and search for award availability. Nonetheless, if you’re willing to put in this time and effort, you can get much more than 1.25 cents per points.
If you calculate your points value after transferring them to find them to be worth less than 1 cent per point, it’s best to hold onto them.
Another idea is to pay for the flight or hotel booking, then use your Ultimate Rewards® points retroactively as statement credit to pay for the purchase. This will ensure you’ll get a better value for your points.
The Chase Sapphire Preferred® Card doesn’t offer fancy travel benefits or lounge access like other premium travel cards do. But, it has a great sign-up bonus and some of the most valuable points around. In addition, the 2X points earned on travel and dining at restaurants provides many opportunities for you to earn many points.
There’s a reason why many favor this travel credit card. It’s flexible enough to meet the travel rewards needs of essentially every points and miles skill level. Plus, it’s annual fee isn’t too expensive. If you’re looking for other options, find our complete list of credit card promotions here on BCS!