Travel Looking for a new credit card? 6 reasons the Chase Sapphire Preferred should be your next card
When and how to transfer Ultimate Rewards points to World of Hyatt
Chase Ultimate Rewards points regularly appear near the top of TPG’s monthly valuations, and for good reason. The program offers some great transfer partners than can unlock some terrific value when it comes time to redeem the points you’ve earned on cards like the Chase Sapphire Reserve and Ink Business Preferred Credit Card. However, before …This is especially important if you’re considering applying for the Chase Sapphire Preferred Card, which is currently offering its best-ever sign-up bonus. New cardholders can earn 100,000 points after you spend $4,000 on purchases in the first three months from account opening — worth a whopping $2,000 based on TPG’s valuations.
Editor’s note: This post has been updated with new information.
Unless you live under a rock, you’ll know that thehas long been crowned as the on the market — even winning the . If you don’t already own this prized card, it gets even better as there’s currently a best-ever sign-up offer of 100,000 bonus points — worth $2,000 by .
Check your Chase Offers to see if you’re targeted for Southwest, Alaska and Tumi offers
If you like to save money on travel, you might be in luck if you have a Chase card. After all, TPG staffers have recently noticed several travel-related Chase Offers on their accounts. In particular, targeted offers are available on select Chase credit cards for purchases with Southwest Airlines, Alaska Airlines and Tumi. Here’s what …Get the latest points, miles and travel news by signing up for TPG’s free daily newsletter.
Here are the top six reasons the Chase Sapphire Preferred Card should be your first — or next — rewards credit card.
New to The Points Guy? Sign up forand check out .
In This Post
$2,000 in sign-up bonus value
Again, thecurrently sports an all-time-high of 100,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months of account opening. This is, by far, the largest sign-up bonus we have ever seen for this card in its decadelong history of existence.
When redeeming for travel at a fixed value (1 cent each), those 100,000 flexibleare worth $1,250 through the . This site is powered by Expedia, offering flights, hotels, rental cars and other travel booking options.
Chase Freedom Flex vs. Chase Freedom Unlimited
Both Chase Freedom credit cards offer a solid sign-up bonus and great bonus categories, but which one should you get?Whether you're new to credit card rewards or an expert in the field, both the Chase Freedom Flex and the Chase Freedom Unlimited credit cards are very enticing when it comes to earn cash back on everything you buy. But picking the one that will help you maximize your credit card rewards is vital.
However,these points at $2,000 — or even greater — if you redeem your points via that allow you to transfer the points to their respective loyalty programs on a 1:1 basis. When used in that way, 100,000 Ultimate Rewards points could turn into 100,000 United miles, 100,000 Hyatt points or 100,000 British Airways Avios. The list goes on.
New and improved rewards rate
Since its launch, the Chase Sapphire Preferred has offered 2 points per dollar on travel and dining purchases, covering everything from Uber rides and parking fees to.
In August, Chase added even more bonus categories and benefits that make the Sapphire Preferred more competitive than ever before:
Why are some flights more expensive through the Chase travel portal?
On the Chase Ultimate Rewards portal, you can book flights, hotels and more at competitive pricing using cash or points. Powered by Expedia, the portal is straightforward and can be a useful travel booking tool for Chase cardholders. New to The Points Guy? Sign up for our daily newsletter and check out our beginners guide. …New to The Points Guy? Sign up for our daily newsletter and check out our beginners guide.
- 5 points per dollar on travel booked through the .
- 3 points per dollar on (up from 2x).
- 3 points per dollar on select streaming services.
- 3 points per dollar on online groceries (excludes Target, Walmart and wholesale clubs).
- 2 points per dollar on .
- 1 point per dollar on all other eligible purchases.
The addition of these categories allows cardholders to earn bonus points on all travel-related purchases and everyday purchases to earn points beyond just the welcome offer.
Gallery: How To Pick the Right Credit Card for Your Spending Habits (GOBankingRates)
Redeem your points for maximum value
There are ways to use your Ultimate Rewards points no matter what type of card user you are, from Amazon purchases to Apple products to gift cards. While these redemption options will yield you 1 cent per point value, there are much better ways to stretch your points when using them for travel.
Your first option is tothrough the Chase travel portal, where points are worth a flat 1.25 cents each. For example, a $200 flight equates to 16,000 Ultimate Rewards points.
The 8 best credit cards for earning Aeroplan points
Air Canada’s Aeroplan is a behemoth of a rewards program, giving travelers the ability to earn and redeem points on over 40 airlines worldwide. Adding to the program’s versatility, earlier this summer, Chase officially added Aeroplan as an Ultimate Rewards transfer partner. That’s huge news in the world of points, miles and credit cards. Even …Adding to the program’s versatility, earlier this summer, Chase officially added Aeroplan as an Ultimate Rewards transfer partner. That’s huge news in the world of points, miles and credit cards.
If you’re looking to take it to the next level, transfer your points to. Typically, you’ll get the most out of your points when you to partners like , and . In some cases, TPG’s valuation of 2 cents apiece can easily be exceeded.
Unmatched travel benefits and protections
The value of the Chase Sapphire Preferred doesn’t stop at earning and redeeming points. When you pay for your trip expenses with your card, you’ll be armed with complimentary travel protections and benefits that could potentially save you hundreds (or thousands) of dollars if you run into a problem:
- : When booking a hotel reservation through the Ultimate Rewards portal, you’ll get a $50 statement credit once per year.
- : This covers the entire loss, damage or theft of your car rental without reporting it to your insurance company, a benefit that can save you big-time in the long term.
- : The Sapphire Preferred waives foreign transaction fees, which will typically save you 2.7%-3% on every purchase abroad.
- : If your flight, train or other common carrier is delayed more than 12 hours or you require an overnight stay as a result of a delay, you’re covered for unreimbursed expenses such as meals and lodging up to $500 per ticket. (And yes, we’ve .)
- : If your trip is cut short or interrupted by sickness, severe weather or other covered situations, you can recoup up to $10,000 per person and up to $20,000 per trip for prepaid, nonrefundable travel expenses such as plane tickets, hotels and tours.
- : Up to $100 per day for essentials for up to five days when your checked baggage is delayed by more than six hours.
Other lifestyle perks worth using
Chase has several unique partnerships that go beyond the travel realm.
Consult with Cards: TPG’s recommendations for a scuba diver and frequent leisure traveler
Editor’s note: Consult with Cards is a weekly series where the TPG cards team helps our readers decide what their next card should be. If you would like to be a part of this series and receive a personalized consultation, email us. This week, we’re helping out TPG reader Steven Woods figure out what his next …This week, we’re helping out TPG reader Steven Woods figure out what his next card should be. He discovered the points and miles hobby within the last year but traveled quite a bit in the last five years. He even wrote in this email while on a scuba trip from St.
First, Sapphire Preferred cardholders have complimentary access to one year of, which normally costs $9.99 per month. You’ll get lower service fees and free delivery on all orders of over $12. You’ll need to register for the offer by Dec. 31.
Chase has also, offering 5 points per dollar on Lyft rides on the Sapphire Preferred until March 2022.
Finally, Chase Sapphire Preferred cardholders can receive up tothrough Dec. 31. Sapphire Preferred cardholders also earn 5 points per dollar on Peloton Bike, Tread and accessory purchases over $1,800, with a maximum earning potential of 25,000 points.
You may not qualify for the Sapphire Preferred later
If you’re not convinced quite yet, here’s another major reason you may want to start with the: the infamous .
If you’ve opened five or more new personal credit cards in the past 24 months across all banks — not just with Chase — it’s highly likely that your application for the Sapphire Preferred will be automatically declined. As a result, if you want to take advantage of the sign-up bonus and the other perks of the Chase Sapphire Preferred, it’s a good idea to add it to your wallet before moving on to other cards.
On a similar note, if you’ve received a sign-up bonus from thein the last and/or still have a Sapphire Reserve open, you will not be eligible for the Sapphire Preferred’s sign-up bonus.
Theblows other cards out of the water for value and affordability. With a $95 annual fee, there are many ways to justify this cost, whether it’s the sign-up bonus value alone or the complimentary trip protections that ensure peace of mind on your travels.
Official application link:with a 100,000-point bonus.
Additional reporting by Stella Shon and Benét J. Wilson.
Featured photo by John Gribben for The Points Guy.
‘One of the most valuable hotel cards’: A review of the World of Hyatt Credit Card .
Editor’s note: This review has been updated with the latest information. With a rewarding loyalty program and generous card benefits, the World of Hyatt Credit Card is one of the top hotel cards on the market. Cardholders earn 4x points on all Hyatt spending and you’ll get a Category 1-4 free-night award each year you …With a rewarding loyalty program and generous card benefits, the World of Hyatt Credit Card is one of the top hotel cards on the market. Cardholders earn 4x points on all Hyatt spending and you’ll get a Category 1-4 free-night award each year you keep the card and another when you spend $15,000 in a calendar year.