CNN
—
CNN Underscored critiques monetary merchandise corresponding to bank cards and financial institution accounts primarily based on their total worth. We could obtain a fee by way of the LendingTree affiliate community should you apply and are permitted for a card, however our reporting is all the time impartial and goal.
The Chase Sapphire Preferred® Card is sort of probably one of the fashionable bank cards for folks simply beginning to dip their toes into journey rewards. And rightfully so. The Sapphire Most popular affords a low annual payment, bonus classes, versatile redemption choices and plenty of different perks.
And but, there are a number of different causes you may not pay attention to to contemplate the Sapphire Most popular, together with a historic sign-up bonus which may be obtainable for brand new card holders for simply a short time longer. Let’s have a look at six advantages of the Chase Sapphire Preferred to see why this card could deserve a spot in your pockets.
Use your factors to take a trip on the Grand Hyatt Baha Mar within the Bahamas.
For the previous couple of months, the Chase Sapphire Preferred has been providing new card holders 100,000 bonus factors after you spend $4,000 in purchases within the first three months after opening the account. That’s the very best sign-up bonus we’ve ever seen on the Sapphire Most popular, and it’s additionally the very best sign-up bonus of any private Chase Final Rewards bank card proper now.
However it seems it’s possible you’ll solely have a brief period of time left to make the most of this supply. That’s as a result of Chase has confirmed to frequent flyer website The Points Guy that the final day to earn 100,000 bonus factors is coming shortly.
And there’s a lot you are able to do with these factors. For instance, you might redeem the 100,000 factors for a five-night keep on the luxurious Grand Hyatt Baha Mar within the Bahamas. Or, should you’d desire to make use of your factors for air journey, 100,000 factors can rating you a round-trip ticket to Europe on United, and also you’d nonetheless have factors left over.
Better of all, should you’re hesitant about touring anytime quickly, factors earned with the Sapphire Most popular by no means expire so long as you retain any Chase Final Rewards bank card open — even one of many playing cards that cost no annual payment. So you may all the time save up your factors now for a badly wanted trip down the street.
Click here to apply for the Chase Sapphire Preferred with a record-high 100,000-point bonus.
When you’re not touring once more simply but, you may nonetheless use the factors from this card for various different purchases you’re possible making at residence proper now, and at an incredible redemption price too.
Now by way of March 2022, Chase Sapphire Preferred card holders get 1.25 cents per level when redeeming factors by way of the cardboard’s “Pay Yourself Back” tool. The software permits you to use factors to pay for purchases you make at Airbnb and Away by way of awaytravel.com.
You’ll additionally get 1.25 cents per level when redeeming them for journey by way of Chase’s journey portal. Meaning no matter whether or not you redeem your Sapphire Most popular factors for journey or one of many “Pay Your self Again” classes, the 100,000 factors you earn from the sign-up bonus are value no less than $1,250.
Associated: 7 great ways to travel for free with 100,000 bonus points on the Chase Sapphire Preferred.
Probably the greatest points of the Chase Sapphire Preferred is its means to switch your factors to any of the 14 airline and resort loyalty packages which might be companions with Chase Final Rewards.
Factors switch from the Sapphire Most popular to all of those packages at a 1-to-1 ratio, which means for each 1,000 factors you switch, you’ll get 1,000 factors or miles within the airline or resort program.
Whereas transferring factors and using a accomplice program takes a while and analysis, it permits you to get probably way more worth on your factors by reserving luxurious journey corresponding to first or enterprise class flights, or a resort keep in an unique vacation spot.
Now, should you desire simplicity when reserving your journey itineraries, it’s possible you’ll desire to redeem your factors immediately by way of Chase’s journey portal and get 1.25 cents apiece. Whereas that is much less worth than what you may probably get by transferring factors to companions, for a lot of, it’s a neater manner to make use of your factors.
However should you’re keen to strategize a bit and be versatile, you may give you some fairly superb journey itineraries by transferring factors to a accomplice program.
Start earning points to fly in first class with the Chase Sapphire Preferred.
The Chase Sapphire Preferred earns 2 factors for each greenback you spend on journey (or 5 whole factors if bought by way of Final Rewards), 3 factors on eating, choose streaming providers and choose on-line grocery purchases and 1 level per greenback on all different purchases. With journey resuming extra broadly and restaurant restrictions already lifted in lots of areas, these are a fairly very best set of bonus classes. Plus, many meals supply providers additionally depend as “eating” on the Most popular.
There’s additionally a brand-new annual credit on the Sapphire Most popular: As much as $50 for resort bookings whenever you e-book by way of the Chase Final Rewards journey portal. When you can make the most of this credit score annually, you’re successfully slicing the $95 annual payment in half even earlier than profiting from any of the cardboard’s different perks.
Associated: Here’s why the Chase Sapphire Preferred is our favorite travel credit card for beginners.
And the Chase Sapphire Preferred has one other limited-time perk. Now by way of December 31, 2021, Sapphire Most popular card holders rise up to $60 in statement credits on Peloton Digital and All-Access memberships. Simply make your Sapphire Most popular the default cost methodology in your Peloton profile and also you’ll see the credit seem just a few days after your membership is charged.
Mix factors from the Chase Sapphire Most popular with different Chase Final Rewards bank cards.
The Chase Sapphire Preferred is one among a number of bank cards which might be a part of the Chase Final Rewards factors program, and you probably have multiple of those playing cards, you may pool the factors from all of them collectively into one huge pot of factors.
For instance, the Chase Freedom Flex is marketed as a money again bank card, however the money again it earns is definitely issued in factors. So although the Freedom Flex is designed to earn 5% money again on a set of bonus classes that rotate every quarter, it technically earns 5 factors per greenback in these classes.
Associated: Chase Freedom Flex vs. Chase Freedom Unlimited: Which is best for you?
Now, should you solely have the Freedom Flex, essentially the most you will get on your factors is 1 cent apiece (which is how 5 factors equals 5% money again). However by additionally having the Chase Sapphire Preferred, you may transfer your factors from the Freedom Flex to the Sapphire Most popular and redeem them at a better 1.25 cents per level for journey or with the “Pay Your self Again” software.
You possibly can even switch your pooled factors to any of Chase’s airline and resort companions, however solely you probably have a Chase Sapphire Preferred or one of many different premium Chase bank cards that cost an annual payment. That’s an incredible unique characteristic to have for a card that solely prices $95 a yr.
Having a bank card with sturdy journey advantages will turn out to be useful whenever you’re able to hit the street once more, and fortuitously, the Chase Sapphire Preferred affords a ton of the way to not solely get monetary savings however defend you in an unlucky journey delay or cancellation state of affairs.
Once you use the Sapphire Most popular to pay on your journey, you’ll have baked-in journey cancellation insurance coverage, baggage delay insurance coverage and first auto rental insurance coverage, and also you’ll pay no international transaction charges. However our favourite profit by far is the journey delay safety.
Associated: Having a credit card with trip insurance could save you thousands on your next vacation.
Due to the journey delay protection on the Chase Sapphire Preferred, in case your flight is delayed by 12 or extra hours or requires an in a single day keep, you may be reimbursed for as much as $500 in affordable out-of-pocket bills for every member of the family booked on the reservation. Cheap bills embody lodging, meals, transportation and different essential prices.
Even higher, you’re lined even should you solely pay for a portion of your flight together with your Chase Sapphire Preferred. This implies should you’re utilizing airline miles to e-book an award ticket, so long as you pay for the taxes and charges on that award together with your Sapphire Most popular, you’re nonetheless eligible for the total journey delay safety protection.
Rest easier when you’re traveling by getting the Chase Sapphire Preferred.
Even placing the 100,000-point sign-up bonus supply apart, the Sapphire Most popular is a prime contender relating to journey bank cards, due to its bonus classes, priceless switch companions, journey advantages and the distinctive alternative to pay your self again with factors. And should you’re not touring now, as soon as a future journey alternative seems, you’ll be ready with a prime journey bank card in your pockets and factors to burn.
So should you’ve been fascinated by getting a Chase Sapphire Preferred, it’s your final probability to seize one and get a best-ever 100,000 bonus factors along with all the nice advantages of this traditional journey bank card.
Apply now for the Chase Sapphire Preferred credit card with a 100,000-point bonus.
Discover out which playing cards CNN Underscored selected as our best travel credit cards of 2021.
Get all the latest personal finance deals, news and advice at CNN Underscored Money.
