CNN stressed reviews financial products such as credit cards and bank accounts based on their total value. We may receive a commission through the LendingTree affiliate network if you apply and are approved for a card, but our reporting is always independent and objective.
The Chase Sapphire Preferred® card is possibly one of the most popular credit cards for people who are just starting to dip their toes into travel rewards. And rightly so. Sapphire Preferred offers a low annual fee, bonus categories, flexible redemption options and many other perks.
Even better, Chase has just reintroduced an increased 80,000 points sign up bonus on Chase Sapphire Preferred, which new cardholders can earn by spending $ 4,000 on the card within the first three months after opening the account. It’s a great bonus on one of our favorite travel credit cards for beginners.
And yet, there are several other reasons why you may not be aware of considering Sapphire Preferred. Let’s look at six benefits of Chase Sapphire Preferred to see why this card might deserve a place in your wallet.
The sign-up bonus of 80,000 points
While the new 80,000 point sign-up bonus on Chase Sapphire Preferred is not the highest bonus we’ve ever seen on this card, it is the highest sign-up bonus on any personal Chase Ultimate Rewards credit card right now. And there is so much you can do with those points.
For example, you can redeem these 80,000 points for a four-night stay at the luxurious Grand Hyatt Baha Mar in the Bahamas. Or, if you prefer to spend your points on flights, 80,000 points can give you a return ticket to Europe at United.
Best of all, points earned with Chase Sapphire Preferred never expire as long as you keep any Chase Ultimate Rewards credit card open – even one of those cards that does not charge an annual fee. So you can always save your points now for a much needed vacation along the way.
Click here to apply for Chase Sapphire Preferred with a bonus of 80,000 points.
Redeem points even when you are not traveling
If you do not travel again just yet, you can still use the points from this card for a number of other purchases you make at home, and also for a good redemption rate.
Chase Sapphire Preferred cardholders receive 1.25 cents per point when redeeming points via the card’s “Pay yourself back” tool. The tool allows you to use points to pay for purchases you make on Airbnb and Away through awaytravel.com.
You also get 1.25 cents per point when you redeem Sapphire Preferred points for travel via Chase’s travel portal. This means that whether you redeem your travel points or one of the “Pay Back” categories, the 80,000 points you earn from the current sign-up bonus are worth at least $ 1,000.
3. Fantastic transfer partners
One of the best aspects of Chase Sapphire Preferred is its ability to transfer your points to any of the 14 airlines and hotel loyalty programs that partner with Chase Ultimate Rewards.
Point transfer from Sapphire Preferred to all of these programs in a 1-to-1 ratio, which means that for every 1,000 points you transfer, you get 1,000 points or miles in the airline or hotel program.
Although it takes some time and research to transfer points and use an affiliate program, it allows you to potentially get a lot more value for your points by booking luxury travel such as first or business class flights or a vacation stay at an exotic destination.
Now, if you prefer simplicity when booking your travel plans, you may prefer to redeem your points directly through Chase’s travel portal and get 1.25 cents apiece. While this is less valuable than what you could potentially gain by transferring points to partners, for many it is an easier way to spend your points.
But if you’re willing to plan a little and be flexible, you can come up with some pretty great travel plans by transferring points to an affiliate program.
Start earning points for flying first class with the Chase Sapphire Preferred.
4. Bonus categories and credits
Chase Sapphire Preferred earns 2 points for every dollar you spend on travel (or 5 points in total if purchased through Ultimate Rewards), 3 points on dining, select streaming services and selected online grocery purchases, and 1 point per. dollars on all other purchases. This is a pretty ideal set of bonus categories, plus many food delivery services also count as “dining” on the favorite.
But there’s also a relatively new annual credit on Sapphire Preferred: Up to $ 50 for hotel reservations when booking through the Chase Ultimate Rewards travel portal. If you can benefit from this credit every year, you actually halve the $ 95 annual fee, even before you take advantage of any of the other perks on the card.
And Chase Sapphire Preferred has another cool fringe ego. Right now, Sapphire Preferred cardholders are getting a free DoorDash DashPass membership for a minimum of 12 months, as long as you activate it by December 31, 2024. DashPass offers delivery fees of $ 0, 5% refund of pickup order and other benefits. It is a great advantage if you can use DoorDash in your area.
Pair Sapphire Preferred with other Chase credit cards
Chase Sapphire Preferred is one of several credit cards that are part of the Chase Ultimate Rewards points program, and if you have more than one of these cards, you can collect the points from all of them in one large pool of points.
For example, Chase Freedom Flex℠ is advertised as a cashback credit card, but the money back it earns is actually issued in points. So even though Freedom Flex is designed to earn 5% cash back on a set of bonus categories that rotate quarterly, it technically earns 5 points per dollar in those categories.
Now, if you only have Freedom Flex, the most you can get for your points is 1 cent apiece (which is how 5 points equals 5% cashback). But by also having Chase Sapphire Preferred, you can move your points from Freedom Flex to Sapphire Preferred and redeem them at a higher 1.25 cents per spin. points for travel or with the tool “Pay yourself back”.
You can even transfer your total points to any of Chase’s airlines and hotel partners, but only if you have a Chase Sapphire Preferred or one of the other premium Chase credit cards that charge an annual fee. It’s a great exclusive feature to have for a card that only charges $ 95 a year.
6. Travel benefits
Having a credit card with strong travel benefits will come in handy when you are ready to go again, and fortunately, Chase Sapphire Preferred offers a wealth of ways in which you can not only save money but also protect yourself in the event of an unfortunate travel delay or cancellation situation.
When you use Sapphire Preferred to pay for your trip, you have a built-in travel cancellation insurance, baggage delay insurance and primary car rental insurance, and you pay no foreign transaction fees. But our absolute preferred advantage is the protection of travel delays.
Thanks to the travel delay coverage on Chase Sapphire Preferred, if your flight is delayed by 12 hours or more or requires an overnight stay, you can be reimbursed up to $ 500 in reasonable expenses for each family member booked on the reservation. Reasonable expenses include lodging, meals, transportation and other necessary costs.
Even better, you’re covered even if you only pay for part of your flight with your Chase Sapphire Preferred. This means that if you use airline miles to book a ticket for the price, as long as you pay the taxes and fees on that price with your Sapphire Preferred, you are still entitled to the full travel delay protection.
Rest easier when traveling by getting the Chase Sapphire Preferred.
Is Chase Sapphire Preferred right for you?
Even when you put the 80,000 point sign-up bonus offer aside, Sapphire Preferred is a top candidate when it comes to travel credit cards, thanks to its bonus categories, valuable transfer partners, travel benefits and the unique ability to pay yourself back with points. And even if you do not have a trip in mind right now, when a future travel opportunity arises, you will be prepared with a top travel credit card in your wallet and points you need to burn.
So if you are thinking of getting a Chase Sapphire Preferred, take one and get 80,000 bonus points in addition to all the great benefits of this classic travel credit card.
Apply now for Chase Sapphire Preferred credit card with a bonus of 80,000 points.
Find out which cards CNN Underscored chose as our favorite travel credit cards currently available.
Get all the latest personalized deals, news and advice from CNN Underscored Money.