It’s the darling. The one credit card that travel sites rank at the top of their lists month after month, with few exceptions. There are truly hundreds of posts about it online (+1 now). The Chase Sapphire Preferred.
So what’s the deal?
Basically, this card earns the most valuable and flexible points of any rewards program. The card also has a sign-up bonus of 50K points after $4K in spend, easily equal to the best bonuses available. The card also has quite a few unique travel benefits, including free primary rental car insurance, no foreign transaction fees, and very extensive travel & shopping insurance. The card also earns double points on travel and dining. It also has a waived annual fee for the first year, after which there is a $95 fee. Also, the card is gorgeous.
Also, people can earn a living off of convincing you to sign up with their referral links, which on this card now earns them 10K points, worth a minimum of $100.
Here are the deets, without the sign-up link:
- Valuable, flexible points. You can use your points for 20% off your travel when booked through the Chase Ultimate Rewards portal (ex. $500 flight costs only 40K points), or you can transfer your points at a 1:1 ratio to several airline and hotel programs, where you can get even better value for your points (ex. $500 flight might cost only 30K United Airlines miles). You can transfer your Chase points to the following programs at a 1:1 ratio:
- 55K potential bonus points. If you spend $4K within the first three months of having the card, you earn 50K points, which is worth at least $500, but can get you even more value than that by transferring points where you need them (see above). That spending requirement is pretty high, so you can add an authorized user to help you meet the $4K. Adding your first authorized user also earns you 5K points after they make their first purchase.
- Travel benefits. Using the card to book your travel means you get trip cancellation or interruption insurance (up to $10K/trip), travel accident insurance (hope you don’t use this one, but up to $500K), lost luggage reimbursement up to $3K/passenger, and baggage delay insurance up to $100/day for any delay over six hours.
- Primary Auto Rental Insurance. One of the big things that makes this card worth the $95 annual fee that you have to start paying your second year is the auto rental collision damage waiver this card provides, which is primary coverage (see more about that here). This alone could make the card worth the annual fee if you rent a car only a few times per year.
Here are a handful of the many, many posts on the card:
- 5 Reasons Chase Sapphire Preferred Should Be Your First Card in 2016
- Chase Sapphire Preferred Review: Why It’s Worth $95
- Chase Sapphire Preferred® Card: Does It Live Up To The Hype?
- Chase Sapphire Preferred Review: A Must-Have for Any Traveler
- Chase Sapphire Preferred Card: Get The Most Value For Your Travel Rewards
I’d love to hear your comments, questions or thoughts on the card.