There are lots of people that see the Chase Sapphire Preferred® Card is an amazing travel credit card for rookies. It comes with a small annual fee of $95, 2x points for travel and dining, and great travel benefits. If you want to go into the world of points and miles, then the Chase Sapphire Preferred® card is a great choice for you.
The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.
• 5X points on travel purchased through Chase Ultimate Rewards
• 3X points on dining
• 3X points on select streaming services and online grocery purchases
• 2X points on all other travel purchases
• 1X point per $1 spent on all other purchases
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
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60,000 Welcome Bonus Points
The Chase Sapphire Preferred® card had an introductory offer for 50,000 Ultimate Rewards points for a while if you spend at least $4,000 in the first 3 months. It was an ongoing bonus offer for a while until they changed it to 60,000 just recently.
Now, they’ve bumped up their bonus offer to 60,000 Ultimate Rewards points if you spend at least $4,000 in the first 3 months of having your account open. It’s the same money requirement and same time period given as the previous offer.
The evaluation for these 60k Ultimate Rewards Points will be worth about $750. However, with a couple tricks, you could increase that amount to no more than $1,200 in rewards.
Broad 2x Travel & Dining Categories
Even though receiving 2x points for travel and dining isn’t that a big eye-catcher, they grab your attention with the vague definition for their category options.
There are some examples of merchants that make the “travel and dining” list:
- Airport parking
- Beer halls
- City tours
- Rental cars
- Street parking
Ultimate Rewards Points Are Very Flexible
There are multiple ways to go through your Ultimate Rewards points. However, if you want to receive the best value for your points, it’s better to do the 2 choices listed below:
- Reserve your travel via the Ultimate Rewards travel portal. This way, your points will be worth about a flat of $0.0125 per point.
- Transferring your points to one of Chase’s 10 airline or 3 hotel partners. Using the redemption on things like free flights on Singapore Suites and free nights at Park Hyatt, you will be able to trade your points in for at least $0.02 per point pretty easily.
While you are in the process of building up your points by traveling with the Chase Sapphire Preferred® Card, you can even make use of their amazing travel perks such as:
- No foreign transaction fees. You don’t have to worry about any foreign transaction fees with this card and save about 3% on each expense you’ve made overseas.
- Primary car rental insurance. You will be covered for any loss, damage, or theft of your car rental without having to file a report to your insurance. It will save you a good amount of time and money in the long run.
- Trip delay insurance. The unreimbursed purchases (meals and lodging) will be covered for no more than $500 for each ticket. Only if your flight, train, or other transportation is delaying for more than 12 hours, or if you need an overnight stay from the delay.
- Baggage delay insurance. You’ll be covered for about $100 a day, no more than 5 days, for necessary expenses (toiletries and clothes) when your checked luggage has been delayed for more than 6 hours.
- Trip cancellation or trip interruption insurance. It can be covered for no more than $10,000 for each person and no more than $20,000 for each prepaid trip. Nonrefundable purchases such as: plane tickets, hotels, and tours if your vacation is shorter than planned or if you get sick. It also included bad weather or other covered scenarios.
The 5/24 Rule
It would be a good idea to use the Chase 5/24 rule if you want to increase your points and miles plan for more credit cards. The application for any Chase credit card will be immediately denies if you have more than 5 new personal credit cards open in the past 24 months. This is for all banks, not just Chase alone.
This way you would want to make use of the Chase Sapphire Preferred® card’s huge welcome bonus offer. You will see that it’s better to sign up for this card as soon as possible rather than holding it off.
Using the Chase Sapphire Preferred® Card, it’s an excellent travel rewards card for people that want to build up points and miles for the first time. You can receive at least $750 in value if you’re eligible for the introductory bonus offer. Then, you are able to use these points to reserve flights or hotels for the Ultimate Rewards travel portal. It also has an amazing ongoing rewards and valuable travel benefits to increase their value.
If you don’t already have a Chase Sapphire Preferred® card, then you should definitely consider getting one.