Learn how to apply for the Chase Sapphire Preferred Card and earn 60,000 bonus points after spending $4,000 in the first three months. Follow the link to get started.
The Chase Sapphire Preferred Card is one of the top travel rewards cards on the market. With a massive signup bonus, access to the Chase Ultimate Rewards program, and a host of additional benefits, it isn’t hard to see why.
Whether you covet lucrative travel rewards or enjoy the simplicity of cash back, this card is flexible enough to meet almost every need. The Chase Sapphire Preferred Card also boasts exceptional benefits, especially when it comes to some important travel protections and perks.
In our opinion, the Chase Sapphire Preferred Card is the best travel credit card for beginners. It’s almost always the first card we recommend, and you’d do well to keep it at the top of your wallet. Check out these nine great Chase Sapphire Preferred benefits to learn why!
Top Chase Sapphire Preferred Perks and Benefits
- 60,000 point signup bonus (after meeting minimum spending requirements)
- Excellent travel redemptions through Chase Ultimate Rewards
- Flexible points that transfer to 13 travel partner programs
- Redeemable for “cash value” in gift cards
- Earns 2x points per dollar spent on travel and dining
- Various travel protections and insurance coverages (including no foreign transaction fees)
- Offers purchase protection and extended warranty coverage
- Pairs with other Chase cards to maximize point earnings
- Reasonable annual fee
Offering a host of valuable benefits and travel protections, the Chase Sapphire Preferred Card is definitely worth considering. The gigantic signup bonus is enough on its own to make it one of the best travel cards on the market.
Benefits of the Chase Sapphire Preferred Explained
Let’s take a closer look at the Chase Sapphire Preferred Card’s top benefits.
Earn 60,000 Bonus Points
The Chase Sapphire Preferred Card provides access to our favorite rewards program – Chase Ultimate Rewards. By spending on the card, you earn valuable points that can be redeemed in a variety of ways. (More on that below.)
Still, the Chase Sapphire Preferred Card’s biggest benefit is the gigantic signup bonus. You’ll earn a whopping 60,000 Chase Ultimate Rewards points by spending $4,000 on the card in the first three months. That translates into $750 in travel redemptions through the Chase portal, or you can redeem them for slightly less in gift cards. Boom.
Transferring points to one of Chase’s travel partners typically provides even more valuable redemptions. And, thankfully, these points never expire as long as your account stays open.
Superb Travel Redemptions
What does it mean to earn Chase Ultimate Rewards points? We’re glad you asked.
In our opinion, Chase Ultimate Rewards are the most valuable rewards points available. There are a variety of ways to redeem your points, but the most lucrative option is to use them on travel. You have two ways to make this happen:
- Redeem points through the travel portal – You can book travel experiences directly through Chase’s travel portal using Chase points. Here, your points stretch 25% further than their cash value when redeemed for things like airfare, hotels, car rentals, and cruises.
- Transfer points to partner loyalty programs – Chase points transfer to 13 popular travel partners at a 1:1 ratio. Some partner programs include Southwest Airlines, United Airlines, British Airways, Air France, Marriott, Hyatt, IHG, and more.
Transferring points to partner programs usually nets the most value per point, and it’s typically our favorite way to redeem our own. For example, the 60,000 point signup bonus is often enough to cover a round-trip flight to Europe.
So yeah, these points are valuable!
Points Transfer 1:1 to 13 Travel Partners
If you’re new to rewards cards, you may not realize the commitment you’re making. It takes time, energy, and spending to earn points, so you need to make sure you’re earning the right points and miles.
That’s why a flexible rewards card like the Chase Sapphire Preferred is the perfect option for getting started.
With co-branded hotel or airline cards, you’re stuck with the points you earn. For instance, earning 60,000 American miles or Hilton points means you can only redeem them through those brands. But, what happens if you find a better deal from another airline or hotel? You’re still stuck with those points.
Thankfully, Chase Ultimate Rewards points are transferable to 13 different partner programs. They can also be used to purchase travel experiences through the portal, making them a lot more flexible than points and miles offered by individual brands.
You Can Redeem Points for Gift Cards
The Chase Sapphire Preferred Card is still a great option even if you don’t have travel plans.
One of the biggest Chase Sapphire Preferred benefits is that you can redeem points for gift cards! Even better, points can be redeemed for their full “monetary” value. Retail partners include Lowe’s, Macy’s, Amazon.com, Best Buy, and many more!
Although gift cards aren’t the most valuable way to redeem Chase points, it’s nice to know that you won’t get stuck with a boatload of points and nowhere to use them!
Earn 2x Points on Travel and Dining
With the Chase Sapphire Preferred Card, you’ll earn a nifty 2x points on all travel and dining purchases. Spending in these categories can add up quickly, making this a valuable card to have for these occasions. Additionally, the card earns one point per dollar on everything else.
Chase Sapphire Preferred Benefits: Travel Protection
Points aren’t the only benefit of the Chase Sapphire Preferred Card. It also provides important travel protections for those who need them. Here’s a quick look at some of them:
- Trip Cancellation/Interruption Insurance – Get reimbursed for up to $10,000 per trip in prepaid, non-refundable travel costs if your trip is canceled or interrupted due to covered and unforeseen events. (Think illness, injury, severe weather, etc.) Of course, you must use your card for the purchase.
- Primary Auto Rental Insurance – The Chase Sapphire Preferred Card offers primary auto rental coverage (up to the cash value of the car) when you use your card to pay for the rental.
- Trip Delay Insurance – Unreimbursed expenses incurred due to a flight, train, or other common carrier delay are also eligible for a reimbursement of up to $500 per ticket. The delay must be at least 12 hours, and you must have used your card when booking.
- Baggage Delay Insurance – If your bag is delayed by more than 6 hours, a reimbursement claim for purchases on items like toiletries and clothing may be filed. Reimbursements are limited to $100 a day for up to 5 days, and your card must have been used to book.
- No Foreign Transaction Fees – Like all good travel cards, the Chase Sapphire Preferred Card does not charge fees on foreign transactions.
Purchase Protections for Peace of Mind
In addition to the travel protections, another important benefit of the Sapphire Preferred Card is that it offers additional purchase protections that anybody will love.
- Purchase Protection Coverage – Items purchased with this card are covered for up to $500 per claim in theft or damages within the first 120 days after purchase. You are limited to a lifetime cap of $50,000.
- Extended Warranty Coverage – The Chase Sapphire Preferred extends an additional year of warranty coverage on items purchased with your card. Items must made by U.S. manufacturers, and the original manufacturer’s warranty must cover three years or less.
Pairs with the Chase Freedom Card to Maximize Your Point Haul
Pairing the Chase Sapphire Preferred Card with a cash back card like the Chase Freedom helps maximize your spending and increases your point haul. That way, you can transfer your cash back to travel partners, as well!
The Chase Freedom Card offers 5% cash back on your first $1,500 of combined spending in rotating categories each quarter. So, when grocery stores are included, use your Chase Freedom to take advantage of the 5% cash back. Then, use your Sapphire Preferred on other purchases.
The Chase Freedom Card also offers a signup bonus of its own. You’ll earn an easy $150 cash back bonus after making just $500 in purchases the first three months. That’s practically free money! It’s also a great way to earn even more points you can redeem for travel.
Annual Fee is Reasonable
The Chase Sapphire Preferred Card comes with an annual fee of $95, but don’t let that scare you off. The fee is no longer waived for the first year, but the sign up bonus more than makes up for it!
Remember, though, most of the top rewards cards come with an annual fee. Many premium rewards cards also have fees that are significantly higher.
For instance, the Chase Sapphire Reserve Card also offers some very valuable travel benefits, but it comes with a $450 annual fee. Although the benefits essentially cancel out the fee for the first year, that big number still can be a hard pill to swallow.
Starting with the Sapphire Preferred Card is a great way to get your feet wet without shelling out an arm and a leg on annual fees.
(Bonus) You May Not Be Approved Later
To make the most of your points and miles, you’ll eventually need more than one rewards card. Since Chase Ultimate Rewards are our favorite rewards currency, it’s important to remember that Chase can sometimes be stingy with granting approvals.
Because of Chase’s 5/24 rule, applying for more than 5 cards over a 24-month period means you will not be approved for many of their best rewards cards. This includes the Chase Sapphire Preferred. While that may seem like a lot of applications, once you get deeper into points and miles, you’ll realize that it’s really not.
So, grab the Chase Sapphire Preferred Card while you still can. It’s arguably the best “all-around” card available, and we’d hate for you to miss out on the gigantic signup bonus because you’ve applied for too many other cards.
Chase Sapphire Preferred Benefits: Final Thoughts
The Chase Sapphire Preferred is one of the best travel rewards cards available, especially if you’re new to points and miles.
Flexible enough to meet all needs, the 60,000 point signup bonus is worth $750 in travel when booked through the Chase portal. Additionally, points can be transferred to over a dozen travel partners for even more valuable redemptions. That’s in addition to all the other Chase Sapphire Preferred benefits that the card provides (like trip cancellation/interruption insurance)!
Since the annual fee is just $95, the signup bonus easily makes the card worth it. The ongoing benefits make the card a keeper for years to come. (Learn more by reading our complete Chase Sapphire Preferred review.)
Pairing the card with other options helps make the most of your spending. But, if you’re new to the points and miles game, the Chase Sapphire Preferred Card is definitely where you should start.
What rewards card did you start with? Let us know in the comments below!