When it comes to travel and rewards, the Chase Sapphire Preferred® card is THE card to consider. The name, the card says it all. It’s a stunner and such a conversation piece. It’s made of some metal so it has significant weight with your name and account number etched in. The Chase Sapphire Preferred is a premium card with premium rewards and benefits. It’s perfect for those who truly love to travel. We’ll elaborate on why we feel the Chase Sapphire Preferred® Card is one of the best rewards and travel cards.
Currently the Chase Sapphire Preferred® card offers one of the biggest bonus available. Earn 50,000 bonus points after 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®. That’s a substantial increase from the usual 40,000 with the same spending requirement of $4,000 within the first three months. For an additional 5,000 bonus points, add your husband or wife or someone you trust and make another purchase within 3 months.
Tons of Point Value
Transfer to Partners at 1 to 1 Ratio – Get the most value from your points by transferring at a 1 to 1 ratio to Chase airline and hotel partners. The flexibility of transferring the points you earned to any of these partners and may be a lifesaver when you need it most. For example, 200 points earned from your Sapphire Preferred can be transferred for 200 Southwest Rapid Reward points. Chase partners include British Airways Executive Club, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MileagePlus®, Virgin Atlantic Flying Club, Hyatt Gold Passport®, IHG® Rewards Club, Marriott Rewards® and The Ritz-Carlton Rewards®.
Redeem through Chase Ultimate Rewards – Get extra point value when redeeming through Chase Ultimate Rewards for airfare, hotel, or car rental. Doing so will get you 1.25 cents per 1 point or a discount of 20%. Consider options to pay for a $200 airline ticket. Payment can be $200 cash out of pocket, 20,000 points from another credit card rewards program, or 16,000 points earned from the Sapphire Preferred when redeeming through Chase Ultimate Rewards. The logical answer would be the 20% discount of 16,000 Sapphire Preferred points through Chase Ultimate Rewards. There are also no blackout dates or travel restrictions.
Combine Points with Chase Freedom Unlimited – Pair with Chase Freedom UnlimitedSM to fill voids where the Chase Sapphire Preferred falls short. With Chase Freedom Unlimited’s 1.5% unlimited cashback bonus you can earn points easily each year. Points earned with Chase Freedom Unlimited can be combined with Sapphire Preferred to gain value when transferred to partners at 1 to 1 ratio or redeemed through Chase Ultimate Rewards at 1.25 cents per 1 point. Move Chase Freedom Unlimited points to Chase Sapphire Preferred and voila! extra point value just like that.
Cash In – Points can also be redeemed at 1 point value for cash, gift cards, and merchandise. So cashing in your 50,000 bonus will give you exactly $500, but if redeemed for travel through Ultimate Rewards, it’s worth a generous $625. There is no cap on how many points you can earn, and points will not expire as long as your account remains open.
Earn Reward Points Easily
Use your Chase Sapphire Preferred® card to earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. That $25 Chipotle bill for the hubs and I will earn us 50 points. Since we go at least once a week, we’re earning 200 points a month or 2400 points a year just from Chipotle! You’d be amazed with how many points you earn each month just from dining out alone. Attach this card to your toll, subway, bus, or rail accounts to earn double points without hardly trying.
World Class Features
The features that come with the Chase Sapphire Preferred® card is really just the cherry on top. It will give you piece of mind when shopping and traveling, internationally especially. Anyone will appreciate $0 foreign transaction fees. The Chase Sapphire Preferred is chip-enabled for enhanced security and wider acceptance when used at a chip card reader. We also regard all the travel and purchase protection benefits, including trip cancellation/trip interruption insurance, auto rental collision damage waiver, purchase protection among others. What’s more reassuring is 24/7 direct access to dedicated customer service specialists to help with any questions or concerns.
A Few Drawbacks
Absent 0% Introductory APR – The Chase Sapphire Preferred does not have any 0% introductory APR on purchases or balance transfers. The only real way to dodge having to pay interest is to pay each monthly balance in full. Pay off monthly balances or as much as possible to enjoy all the rewards this card has to offer.
$95 Annual Fee(after the first year) – There is an introductory annual fee of $0 the first year, then $95. After the introductory year, it’s definitely worth it if you weigh in the $0 foreign transaction fees and all the extra value in points earned.
Getting Approved – The Chase Sapphire Preferred card does require excellent credit for approval and may take about 7 to 10 business days for review. With the average approved FICO credit score around 735, this card may deter some applicants with a few dings on their credit history. However, request a reconsideration if you get denied the first time and you may get approved.
You’ll Love This Card
The Chase Sapphire Preferred® card is at the top of our lists and many other’s. With a staggering 50,000 sign up bonus, hearty rewards and redemption program, and five-star features, we love this card and are confident you will too. The Chase Sapphire Preferred card is your ticket to endless fun and excitement. Review our complete list of credit card bonus promotions.
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.