October 17, 2024

Trying something new and exciting. I typically post articles on my website. However, I am going to give all of y’all these articles first. But don’t worry, I’m still going to send out a weekly (or so) newsletter that will include links to these articles and other travel news. Rob The Chase Sapphire Preferred Card has just unveiled an exciting new offer that’s sure to catch the eye of travel enthusiasts and rewards seekers. In addition to its already popular 60,000 Ultimate Rewards points sign-up bonus, Chase has sweetened the deal by adding a $300 travel credit for new cardholders. This sign up bonus can unlock over $1,000 in travel rewards just from your daily spending. Discover this new elevated offer and find out why this card should be in your wallet.Overview of the Chase Sapphire PreferredThe Chase Sapphire Preferred has been a go-to credit card for travelers for years, and now with a new elevated offer, it’s better than ever. Known for its flexible rewards and outstanding travel perks, the card offers 60,000 bonus points and a $300 travel credit. This makes it an exceptional choice for earning points on everyday purchases while also enjoying exclusive travel benefits like point transfers to airline and hotel partners. With an annual fee of just $95, it strikes the perfect balance between affordability and rewards for frequent travelers.The Chase Sapphire Preferred also allows for point transfers to airline and hotel partners, providing additional flexibility and value. This is where you can gain the most value.  This card is worth up to 1.25 cents each when redeemed for travel through the Ultimate Rewards portal. If you transfer to one of Chase’s airline partners, you can redeem 2-20 cents.  Now that is an amazing return on investment.The Chase Sapphire Preferred is a good card for beginners due to its valuable sign-up bonus, manageable spending requirement, and easy redemption options. With bonus rewards for travel and dining, plus benefits like purchase protection and trip insurance, it’s a well-rounded choice with a reasonable annual fee.  This is a great credit card for a beginner seeking their first award flights.  The 60,000 Ultimate Rewards Points can be transferred to an airline partner for a round trip to Europe.Key FeaturesEarning RatesThe Chase Sapphire Preferred offers some of the most competitive earning rates for everyday spending, making it easy to rack up points quickly. Here’s how it breaks down:5x points on travel purchased through the Chase Ultimate Rewards travel portal.3x points on dining, including takeout and eligible delivery services.3x points on select streaming services and online grocery purchases (excluding Walmart and Target).2x points on all other travel purchases.1x point per dollar on all other purchases.These earning rates make it clear that whether you’re grabbing dinner at your favorite restaurant or booking a dream vacation, this card has you covered.Annual FeeThe annual fee for this card $95 per year. This a very reasonable fee for the value you receive from the sign up bonus and the spending bonus categories.Given the rich rewards and the 25% bonus when redeeming through the Chase travel portal, the fee is quickly offset by the perks you’ll enjoy. Not to mention, the $300 travel credit with this new offer makes the first year’s net cost even more appealing. Sign-Up BonusBonus DetailsThe Chase Sapphire Preferred’s new elevated offer is one of the most attractive deals on the market right now. Here’s how it works:Earn 60,000 bonus points after spending $4,000 on purchases within the first three months of opening your account.Additionally, receive a $300 travel credit for bookings made through the Chase Ultimate Rewards portal during your first 12 months.Value PropositionWhen redeemed through the Chase Ultimate Rewards portal, those 60,000 points are worth $750 in travel, thanks to a 25% points boost exclusive to the Sapphire Preferred. Add in the $300 travel credit, and your total potential value soars to $1,050—an outstanding reward for simply meeting the initial spending requirements.Terms and ConditionsTo qualify for the sign-up bonus, you must not currently have any Sapphire card or have received a Sapphire card bonus in the past 48 months.The $4,000 in purchases must be made within the first three months to be eligible for the 60,000 bonus points.Earning Rates Detailed AnalysisThe Chase Sapphire Preferred offers a versatile points-earning structure that rewards both everyday spending and travel purchases. Here’s a closer look at how different categories can maximize your point earnings:5x Points on Travel Booked Through Chase Ultimate Rewards: When you book flights, hotels, or car rentals directly through Chase’s travel portal, you’ll earn 5 points for every dollar spent. This is perfect for maximizing rewards on planned vacations or business trips.3x Points on Dining: Whether you’re dining out, ordering takeout, or using eligible delivery services, you’ll earn 3 points for every dollar spent. This includes everything from fine dining to fast food, making it easy to accumulate points no matter your dining style.3x Points on Online Grocery Purchases: Chase also offers 3 points per dollar on online grocery shopping (excluding purchases at Walmart and Target), giving you another way to rack up points through your everyday essentials.3x Points on Select Streaming Services: From Netflix to Spotify, earn 3 points per dollar on subscriptions to popular streaming services, making it easy to earn rewards while enjoying your favorite entertainment.2x Points on All Other Travel: If you book travel outside the Chase portal, like directly with airlines or hotels, you still earn 2 points per dollar. This includes things like public transportation, rideshares, and parking fees.1x Points on All Other Purchases: For everything else, you’ll still earn 1 point per dollar spent, ensuring no purchase goes unrewarded.Unique BenefitsThe Chase Sapphire Preferred® Card isn’t just about points—it’s packed with additional perks that make it one of the best travel cards available:25% Travel Redemption Boost: When you redeem your points through the Chase Ultimate Rewards® travel portal, each point is worth 1.25 cents, which means 60,000 points can be redeemed for $750 in travel.1:1 Point Transfer to Airline & Hotel Partners: One of the most valuable features is the ability to transfer points at a 1:1 ratio to popular travel partners, including:Airlines: United, Southwest, British Airways, Emirates, Singapore Airlines, and more.Hotels: Hyatt, Marriott, IHG, etc. This flexibility allows you to unlock even greater value, especially when booking premium flights or stays at luxury hotels.Comprehensive Travel Insurance:Trip Cancellation/Interruption Insurance: Get coverage up to $10,000 per person and $20,000 per trip for prepaid, non-refundable expenses if your trip is canceled or cut short due to illness, severe weather, or other covered reasons.Baggage Delay Insurance: Get reimbursed up to $100 a day for 5 days if your bags are delayed more than 6 hours.Rental Car Collision Damage Waiver: Enjoy primary rental car insurance coverage when you decline the rental company’s insurance and pay with your Chase Sapphire Preferred.No Foreign Transaction Fees: Whether you’re dining in Paris or shopping in Tokyo, you won’t pay any foreign transaction fees, making this card ideal for international travel.Extended Warranty and Purchase Protection: You’ll receive an extended warranty on eligible purchases as well as purchase protection against damage or theft for up to 120 days.These benefits set the Chase Sapphire Preferred apart, especially for frequent travelers looking to maximize value and protection on the road.Annual Fee EvaluationThe Chase Sapphire Preferred card comes with a modest annual fee of $95, which is more than justified when you consider the rewards and benefits it provides. Here’s why:$300 Travel Credit: In the first year, the elevated offer includes a $300 credit for travel booked through the Chase Ultimate Rewards portal. This credit alone offsets the entire cost of the annual fee and then some, essentially making the first year free for many cardholders.Sign-Up Bonus Worth Over $1,000: The elevated offer gives you 60,000 points—worth $750 in travel when redeemed through the portal—plus the $300 travel credit. That’s a total value of $1,050 for new cardholders, which dwarfs the $95 annual fee.Ongoing Value: After the first year, the card’s valuable earning rates on dining, travel, and everyday purchases can easily offset the annual fee for frequent travelers. For example:Regular use of the 3x points categories (dining, online groceries, streaming services) will quickly add up.The 25% travel redemption boost and 1:1 point transfers to partners like United, Hyatt, and Southwest make the points you earn even more valuable.Compared to premium travel cards that charge upwards of $450 or more in annual fees, the Chase Sapphire Preferred provides a wealth of rewards and benefits for a much lower cost, making it an ideal choice for budget-conscious travelers.Pros and ConsProsElevated Sign-Up Bonus: With the current offer of 60,000 points and a $300 travel credit, new cardholders can enjoy over $1,000 in travel rewards.Flexible Point Redemption: Earned points are versatile and can be redeemed through the Chase Ultimate Rewards portal, transferred 1:1 to airline and hotel partners, or even used for cash back and gift cards.High Earning Rates: Earn 5x points on travel through Chase, 3x on dining, and 2x on other travel, making it easy to accumulate rewards.Valuable Travel Protections: With perks like trip cancellation insurance, rental car coverage, and no foreign transaction fees, it’s a great card for frequent travelers.25% Point Boost for Travel: Points redeemed through Chase’s travel portal get a 25% boost in value, turning 60,000 points into $750 worth of travel.Cons$95 Annual Fee: While relatively low for a rewards card, some users may find it a drawback if they don’t maximize the card’s benefits.Limited Airport Perks: Unlike premium travel cards, the Sapphire Preferred doesn’t include airport lounge access or TSA PreCheck/Global Entry credits.No Bonus Categories for Everyday Spending: Categories like gas, utilities, and non-streaming subscriptions don’t receive bonus points, which could limit rewards for those who don’t spend much on travel or dining.Conclusion and Final ThoughtsThe Chase Sapphire Preferred card continues to shine as one of the best travel rewards cards, especially with its new elevated offer. With a 60,000-point sign-up bonus and a $300 travel credit, you’re looking at over $1,000 in value, making it hard to beat. Its strong earning rates on dining, travel, and streaming services, combined with flexible redemption options like 1:1 point transfers to airlines and hotels, ensure that cardholders can maximize their rewards with ease.Despite the modest $95 annual fee, the wealth of travel protections, lack of foreign transaction fees, and travel insurance benefits offer immense value. While it doesn’t include premium perks like airport lounge access, its affordability and outstanding rewards structure make it a perfect option for frequent travelers and everyday spenders alike.If you’re seeking a card that delivers both high-value rewards and flexibility, the Chase Sapphire Preferred is a top-tier choice, especially with this limited-time offer. Whether you’re a seasoned traveler or just starting to explore the world of credit card rewards, the Chase Sapphire Preferred can help you make the most of your spending and unlock incredible travel experiences.Use my referral link to apply for this card. Apply Online Frequently Asked Questions (FAQs)How do I qualify for the Chase Sapphire Preferred sign-up bonus?To qualify for the 60,000-point bonus, you’ll need to spend $4,000 within the first three months of opening your account. Additionally, you can earn a $300 travel credit when booking travel through Chase’s Ultimate Rewards® portal within the first year. Keep in mind that if you’ve received a Sapphire card bonus in the last 48 months, you’re not eligible for this offer.How much are Chase Sapphire Preferred points worth?When you redeem points through the Chase Ultimate Rewards portal, each point is worth 1.25 cents, meaning the 60,000-point bonus is equivalent to $750 in travel. However, you may get even more value by transferring points 1:1 to Chase’s airline and hotel partners like United, Hyatt, and British Airways.Does the Chase Sapphire Preferred have foreign transaction fees?No, the Chase Sapphire Preferred has no foreign transaction fees, making it an excellent choice for international travelers who want to avoid those pesky extra charges.Can I transfer my Chase Sapphire Preferred points to airlines or hotels?Yes! You can transfer points to over a dozen travel partners, including major airlines like United, Southwest, and JetBlue, as well as hotel chains like Hyatt and Marriott. These transfers happen at a 1:1 ratio, offering great flexibility when booking travel.Is the $95 annual fee worth it?Absolutely! With the current elevated offer, the sign-up bonus alone—worth over $1,000 in travel rewards—easily offsets the $95 fee. Additionally, the ongoing rewards, no foreign transaction fees, and travel protections make the annual fee well worth it for frequent travelers.We love hearing from you! Share your travel stories, tips, or ask us burning travel questions. Ask me a question or advice on points and miles or other travel questions. Who knows, your story might be featured in our next newsletter!✨ Safe Travels & Happy Landings! Thank you for flying with us on this newsletter journey. Until next time, keep your passports ready and your adventures grand!Powered by beehiiv