If you’ve been considering applying for a new credit card that gives you awesome benefits, fantastic travel rewards and a great sign-up bonus, there’s no need to look further than the Chase Sapphire Preferred® Card.
The Chase Sapphire Preferred personal card comes with a sweet bonus of 50,000 Ultimate Rewards points after spending $4,000 on purchases in the first 3 months of card membership. Plus, an additional 5,000 points if you add an authorized user, and they make a purchase in the same time period. 50,000 Ultimate Rewards points is equal to $625 in travel through the Ultimate Rewards portal, or you can get even more value by transferring your points out to a travel partner.
Here’s a full breakdown of the Chase Sapphire Preferred.
Chase Sapphire Preferred
Beyond the 50,000 point sign-up bonus the Chase Sapphire Preferred is one of the best cards for accruing rewards points. And you’ll be earning Ultimate Rewards points that can be redeemed through Chase’s coveted Ultimate Rewards program. This card also has some of the best travel protection of any card on the market.
When you redeem your points through Chase’s Ultimate Rewards portal, you’ll be getting 1.25 cents for each point on car rental, airfare, hotel, cruise or other activity booked in the portal, so 50,000 Ultimate Rewards points = $625 in travel. This is one of the best exchanges on the market place, and remember you can get even more value by transferring your points out to a travel transfer partner.
Did we mention travel benefits? The list of benefits you’ll gain when you sign up for the Chase Sapphire Preferred card goes on and on. The Chase Sapphire Preferred® Card can be used around the world and you won’t incur any foreign transaction fees. Saving that 3% on each foreign purchase will save you a lot of money and keep you from running back to the ATM for more cash. When you use your Chase Sapphire Preferred card you’ll also receive 2x the points for all travel and dining purchases. Whether you’re booking flights, renting a car, booking a hotel room or taking a taxi, you’ll be earning double the points.
Along with all of your spending benefits on travel, you get travel protection. This includes trip cancellation and interruption insurance, rental car damage insurance, travel accident insurance, lost luggage reimbursement, trip delay reimbursement, and baggage delay reimbursement. That’s a lengthy list of travel protection goodness. Chase Sapphire Preferred also offers users purchase protection, warranty protection, price protection and return protection on other purchases.
To top all of these benefits off, Chase Sapphire Preferred is a premium card that gets you access to a customer service agent, 24/7. You get to talk to a live person without going through a phone tree. Imagine that.
It’s also worth mentioning the Chase terms for applying for their products state: “This product is not available to either current cardmembers of this credit card, or previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.” Also, you will most likely not be approved for any Chase credit cards if you have applied for five or more cards in the last 24 months. This is what’s referred to as the 5/24 rule. If you’re new to applying for travel rewards credit cards this is a big reason why you should look at the Sapphire Preferred or Ink Plus first.
The Chase Sapphire Preferred is one of the most popular rewards card available today. The 50,000 point sign-up bonuses are industry-leading, and their perks are top-notch. Plus, Ultimate Rewards points are some of the most flexible points you can earn.
Edit: There’s a premium travel rewards card offer (higher annual fee), and here’s how the new Sapphire Reserve compares with the Chase Sapphire Preferred.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.