Chase Sapphire Preferred Review – 40,000 Bonus Points($500 towards hotel/airfare) Best Travel Card!

by Hu$tler on March 24, 2015

in Chase Credit Cards, Credit Card bonuses

By far the best Chase Sapphire Preferred card offer you will find, this is a phenomenal $500 signup bonus value card towards air/hotel. Not just a regular everyday spending card, but for international travel too with no foreign transaction fees!

Chase Sapphire Preferred Review

Sapphire PreferredChase Sapphire Preferred® Card offers 40,000 bonus points after you spend $4,000 in purchases within the first 3 months. With 40,000 bonus points, you can redeem for $500 towards airfare and hotel accommodations. You can earn an additional 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening. Earn 2x points on travel, 2x points on dining at restaurants, and 1 point per dollar on all other purchases. Your points go far since you get 20% off travel when redeemed thru Ultimate Rewards. All Chase Sapphire Preferred cardholders enjoy travel benefits and a direct access to a live adviser 24 hours a day. No foreign transaction fees, plus Chip and Signature enabled for international travel. The annual fee of $95 is waived for the first year of card ownership.

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Chase Sapphire Preferred® Card

  • Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $500 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 Review: Earning Points

Other than the signup bonus points promotion, you can earn points by using your Sapphire Preferred card for everyday spending. You get 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases. Get up to 10 points per dollar at nearly 300 top online retailers for shopping through the Ultimate Rewards Mall portal. There is no cap on the amount of points you can earn.

Chase Sapphire Preferred Review: Points Redemption

With the Chase Sapphire Preferred® Card earning 40,000 bonus points, that’s a significant amount of points to cash out! Your points do not expire as long as you have the card and you can use your points for airfare and other travel purchases without restrictions. What’s the best way to utilize the bonus points?

Points are worth more for travel using Ultimate Rewards: As a Preferred cardmember, you get 20% off whenever you redeem your points for airfare, hotels, car rentals and cruises through the Ultimate Rewards website. E.G For using 30,000 points to buy a plane ticket(normally $300 in credit), your 30,000 points is now worth $375 towards your ticket. Simply put: 1 point = 1.25 cent value thru UR Travel (since 20% fewer points are needed).

Redeem your points for travel rewards: Fair and flexible program, you can use your points on the Ultimate Rewards to pay for airline tickets, book from over 60,000 hotels and resorts across the globe, or take a cruise with Royal Caribbean or Carnival.

Point conversion to different partners: Convert points to frequent flyer miles on partner airlines at a 1:1 ratio- including hotel programs. The partner airlines and hotel programs include:

  • United Airlines Mileage Plus
  • British Airways Avios
  • Southwest Airlines Rapid Rewards
  • Korean Air Skypass
  • Virgin Atlantic Flying Club
  • InterContinental Hotels Priority Club
  • Ritz-Carlton Rewards
  • Hyatt Gold Passport
  • Marriott Rewards
  • Amtrak Guest Rewards

Redeem for Cash Back or Gift Cards: You can always opt for a cash reward check at 1 cent value per point or choose gift cards from over over 75 partner retailers, restaurants, and gas stations.

Chase Sapphire Preferred Review: Full Benefits

Concierge Service: The Chase Sapphire preferred gives you free 24/7 concierge service. Whether you want to make a reservation, finding tickets, plan out your travel, or buying a perfect gift, simply give them a call and ask for help with their superior customer services.

24/7 Dedicated Customer Service: Talk to a real customer service and be connected immediately without pressing “#.” Guaranteed! You simply call up the number on the back of your card and you can speak with a real, live person immediately.

Travel Insurance: The card comes with free travel insurance services such as trip cancellation insurance, auto rental collision damage, travel accident insurance, lost luggage reimbursement, and more.

Purchase Protection: Other non-travel benefits include zero liability for unauthorized purchases, automatic extended warranties, refunds if the price on your purchase drops in the first 90 days, and refunds if the seller refuses you one. There is no preset spending limit, giving you more flexibility on your spending.

No Foreign Transaction Fees: One of the best perks, you pay absolutely no fees for international purchases.

Chip & Signature Technology: With chip technology, traveling internationally with your Chase Sapphire Preferred is much easier.

Chase Sapphire Preferred Review: Conclusion

Again, this is the best offer I’ve seen for the Chase Sapphire Preferred all year long with 40,000 bonus points after spending $4,000 in the first 3 months from account opening. If you add an authorized user and they make a purchase within the same time-frame, you will receive an additional 5,000 bonus points. The $95 annual fee may seem like a drawback, but the extra reward benefits and bonus points signup far outweigh the annual fee. Even so, you get a $0 intro annual fee for the first year. Believe me, you will want this card since it’s made out of real metal and will leave quite the impression to your friends and family!

Big time sign-up bonuses such as the Chase Sapphire Preferred card is a change of time with our current economy. If you are in the market for a credit card, be sure to sign up for the Chase Sapphire Preferred® Card. See our full list of credit card bonuses for all your credit card needs!

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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.

{ 11 comments… read them below or add one }

Sam December 21, 2014 at 4:56 pm

opening savings account for initiating credit card purchases: In order to make transactions qualifying as purchases, one can open up savings accounts funded via credit card for upto $500 as initial opening deposit, multiple times at banks like wellsfargo, usbank. Is there a list of banks that provide this capability ?


Matt October 23, 2014 at 4:27 am

good article


Jenny March 29, 2013 at 12:59 pm

I want to local branch on Wednesday to open a checking with ebay $200 bouns. Then branch manager told me there is a special offer in my account show Chase Sapphire Preferred Card that 70000 bouns points when you spend $2000 in 3 months. Just BS :)


Iurii December 21, 2012 at 4:07 pm

They actually have a spend $2000 receive 40000 points promotion in their branches, at least


Tommy August 8, 2012 at 10:25 pm

this card is the ish. I got it when it was still a $500 Bonus, and they absolutely honor that, and I used it on more than $600 worth of flights!! The card itself, is metal, heavy and impressive. Service is best I’ve experienced, live person picks up on first ring every time. I always get comments on it whenever I am making a purchase. And I charged this thing all over Argentina and Brazil, no international fees, no bullshit!


MileCard Insider November 23, 2011 at 5:26 pm

Note United Airlines is now one of the 1:1 point transfer partners, which makes this card particularly valuable.


jc October 8, 2011 at 2:21 pm

Can I make monthly payments on existing credit cards or car loans and would this count toward $3000 in spending to get points.


eunice oh September 11, 2011 at 11:48 pm

to whom it may concern…
I applied new sapphire card 9-8-11. but I can,t wait untill it comes by there any expedite service as free of charge please?


Ian August 3, 2011 at 12:26 am

I noticed that the online application asks for employer’s name, job category and time at job. Would someone who is unemployed be accepted eventhough they have a very high FICO score and clean credit reports?


Hu$tler August 3, 2011 at 1:20 am

My guess is self-employed is always an option.


Linda Grant July 17, 2011 at 1:24 am

I would like to open a chase bank account online


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