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The Chase Sapphire Preferred Card is probably one of the most popular credit cards for people who are just starting to dip their toes in travel rewards. And rightly so. The Sapphire Preferred offers a low annual fee, bonus categories, flexible redemption options and many other perks.
However, there are a few other reasons you may not know to consider the Sapphire Preferred, including a historic new cardholder sign-up bonus. Let’s look at six advantages of the Chase Sapphire Preferred to see why this card might deserve a spot in your wallet.
Use your points to vacation at the Grand Hyatt Baha Mar, Bahamas.
The Chase Sapphire Preferred currently offers 80,000 bonus points after spending $ 4,000 on purchases in the first three months of opening the account, plus up to $ 50 in bank statement balance for purchases in grocery stores within your first year of opening an account.
This is the highest sign-up bonus we’ve ever seen on the Sapphire Preferred, and it’s also the highest sign-up bonus of any Chase Ultimate Rewards personal credit card.
You can do so much with these points. For example, you can redeem the 80,000 points for a four-night stay at the luxurious Grand Hyatt Baha Mar in the Bahamas. If you’d rather use your points on air travel, you can use 80,000 points to get a return ticket to Europe with United once international travel has resumed and you have points left.
Best of all, if you’re hesitant to travel anytime soon, the points earned on the Sapphire Preferred will never expire as long as you keep a Chase Ultimate Rewards credit card open – even one of the non-annual fee cards. So now you can always save your points for a much-needed vacation.
Click here to apply for the Chase Sapphire Preferred with a bonus of 80,000 points.
When you are not on the move, you can still use the points on this card to make a number of other purchases that you are likely to be making at home, at a discounted rate.
Until April 30, 2021, holders of a Chase Sapphire Preferred card will receive 1.25 cents per point when they redeem points using the card’s “Pay Yourself Back” tool. This tool allows you to use points to pay for purchases at grocery stores, restaurants (including delivery and take-out orders), and hardware stores.
You will also earn 1.25 cents per point when redeemed for travel through Chase’s travel portal. Whether you redeem your Sapphire Preferred points for travel or one of the Pay Yourself Back categories, the 80,000 points you earn with the sign up bonus are worth at least $ 1,000.
One of the best things about Chase Sapphire Preferred is the ability to transfer your points to one of the 13 airline and hotel loyalty programs that are Chase Ultimate Rewards partner.
Points transfer from Sapphire Preferred to all these programs at a 1: 1 ratio, ie for every 1,000 points you transfer, you will receive 1,000 points or miles in the airline or hotel program.
While transferring points and using an affiliate program takes some time and research, you can potentially get a lot more value for your points by booking luxury travel such as first or business class flights or a resort stay in an exotic destination.
If you prefer the simplicity of booking your travel routes, you can redeem your points directly through Chase’s travel portal and receive 1.25 cents each. While this is worth less than what you can potentially get by transferring points to partners, it is an easier way for many to use your points.
However, if you are willing to be a little strategic and flexible, you can come up with some amazing itineraries by transferring points to an affiliate program.
Earn points to fly first class on the Chase Sapphire Preferred.
The Chase Sapphire Preferred earns 2 points for every dollar you spend on food and travel, and 1 point for every dollar you make on all other purchases. As the trip is expected to resume sometime in 2021 and restaurant restrictions have already been lifted in many areas, it is very useful to earn twice as many points in these two categories. In addition, many food delivery services also count as “restaurants” in the CSP.
However, if you still want to stay home for the foreseeable future, Chase is currently offering another limited-time bonus category for Sapphire Preferred. Also, through April 30, 2021, earn 2 points for every dollar you spend on grocery purchases.
You can only earn bonus points for purchases of up to $ 1,000 total per month in this limited time category, but most households will not come close to that cap, making this a great temporary bonus category for any Sapphire Preferred card holder.
And the Chase Sapphire Preferred has another time-limited benefit. Through December 31, 2021, Sapphire Preferred cardholders will receive up to $ 60 in statement credit for Peloton Digital and All-Access memberships. Simply make your Sapphire Preferred the default payment method on your Peloton profile and you will see the credits appear a few days after your membership topped up.
Combine points from the Chase Sapphire Preferred with other Chase Ultimate Rewards credit cards.
The Chase Sapphire Preferred is one of several credit cards that are part of the Chase Ultimate Rewards points program. If you have more than one of these cards, you can put the points from all of them together in a large pot of points.
For example, the Chase Freedom Flex is advertised as a cashback credit card, but the cashback it earns is actually spent in points. Although the Freedom Flex is designed to earn 5% cashback on a number of bonus categories that change quarterly, it technically earns 5 points per dollar in those categories.
Connected: Chase Freedom Flex vs. Chase Freedom Unlimited: Which Credit Card Is Best For You?
If you only have the Freedom Flex, the maximum amount you can get for your points is 1 cent each (5 points equals 5% cashback). But if you also have the Chase Sapphire Preferred, you can move your points from Freedom Flex to Sapphire Preferred and redeem them at a higher price of 1.25 cents per point for travel or with the “Pay Yourself Back” tool.
You can even transfer your earned points to a Chase airline and hotel partner, but only if you have a Chase Sapphire Preferred or one of the other premium Chase credit cards that incur an annual fee. This is a great exclusive feature for a card that is only charged for $ 95 a year.
You may not be traveling right now, but a credit card with strong travel benefits comes in handy when you’re ready to hit the road again. Fortunately, the Chase Sapphire Preferred offers a multitude of options to not only save you money, but also to protect you in an unfortunate delay or cancellation situation.
When you use Sapphire Preferred to pay for your trip, you have built-in cancellation insurance, baggage delay insurance, and primary car rental insurance, and you don’t pay overseas transaction fees. By far our preferred advantage, however, is shutter lag protection.
Connected: Having a credit card with travel insurance can save you thousands on your next vacation.
With the CSP’s Delay Coverage, you can be reimbursed up to $ 500 in reasonable out-of-pocket expenses for each family member booked when you made the reservation if your flight is delayed by 12 hours or more or an overnight stay is required. Reasonable costs include accommodation, meals, transportation, and other necessary costs.
Better yet, even if you only pay for part of your flight with your Chase Sapphire Preferred, you are covered. This means that if you use airline miles to book an award ticket, as long as you pay the taxes and fees for that award with your Sapphire Preferred, you will still be eligible for full protection against delays.
Make it easier for yourself to travel by purchasing the Chase Sapphire Preferred.
Despite the sign-up bonus offer of 80,000 points, the Sapphire Preferred is a top contender when it comes to travel credit cards thanks to its bonus categories, valuable transfer partners, travel benefits and the unique ability to repay with points. And if you don’t travel now, with a top travel credit card in your wallet and burnable points, as soon as a future travel opportunity arises, be prepared.
So if you’ve been thinking of getting a Chase Sapphire Preferred, now is the perfect time to get one and get 80,000 bonus points on top of the great benefits of this classic travel credit card.
Apply now for the Chase Sapphire Preferred credit card with a bonus of 80,000 points.
Find out which cards CNN Underscored has selected as ours best travel credit cards of 2021.
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