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The Chase Sapphire Preferred® Card is one of the best credit cards for those who want to get started with travel rewards, but also for the more seasoned travelers. The card comes with a low annual fee, generous rewards earning capabilities and various travel protections. There are also perks that make this card a keeper long term, such as a $50 annual hotel stay credit through Chase and a 10% point match-style anniversary bonus.
Welcome bonus
Now there’s also an increased welcome bonus that 80,000 points after you spend $4,000 on purchases within 3 months from account opening. This is one of the higher offers we have seen for this card, and a big improvement from the previous offer of 60,000 points. The new welcome bonus is worth $1,000 on travel booked through Chase, or even more when using points through partners.
Transfer partners
The Chase Sapphire Preferred® Card earns Ultimate Rewards points which are probably the most valuable point currency when it comes to travel, thanks the the Chase travel portal and various travel partners at a 1:1 ratio.
These partners include the following.
Airlines:
- Aer Lingus AerClub
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- British Airways Executive Club
- Emirates Skywards
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
Hotels:
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
You should always familiarize yourself with a specific loyalty program before transferring your points. These transfers are not reversible.
LEARN HOW TO APPLY
Bonus categories
You’ll earn the following rates:
- 5x on travel purchased through Chase Ultimate Rewards®
- 5x total points on Lyft rides through March 31, 2025.
- 3x on dining, online grocery purchases, and streaming services
- 2x on all other travel purchases.
Getting 5X on the travel portal is nice if you’re not paying more for your travel purchases compared to other sites. But you can also choose to use your points in the portal an get a 25% value boost.
The 3X miles on dining purchases make this a good card for foodies, especially with no limit on how much your card can earn.
That almost sounds like only certain categories related to business purchases will qualify but actually this will earn 2% on all purchases.
LEARN HOW TO APPLY
Perks
The Chase Sapphire Preferred® Card has a $95 annual fee, but also gets you extra perk that could make it worth keeping this card past the first year.
You can earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Ultimate Rewards.
We mentioned foodies earlier in the articles, and besides the 3X point earning there’s more to this card. You get complimentary access to DashPass – a membership for both DoorDash and Caviar – for a minimum of one year when you activate by December 31, 2024. There’s also a 6 month complimentary Instacart+ subscription when you activate by July 31, 2024. If goPuff is available near you, there’s $10 monthly statement credit, which provides another $120 in annual value.
As a travel focused card, it provides trip protection including primary rental car coverage, travel accident insurance. And if you travel abroad, you don’t pay foreign transaction fees.
Last word
All those benefits, and a welcome bonus of 80,000 points, make applying for the Chase Sapphire Preferred® Card a no-brainer.
Just be mindful of the Sapphire eligibility rules which could exclude you if you received a bonus in the last 48 months for a Sapphire card. It’s also worth mentioning that some people have had success with higher offers at a branch, or you can find this same offer through referral links.
Advertiser Disclosure: UponArriving has partnered with affiliate partners and may receive a commission from card issuers. UponArriving does not display all credit card offers and affiliate relationships may impact how offers are presented.
Editorial Disclosure: Opinions, reviews, analysis & recommendations are UponArriving’s alone, and have not been reviewed, endorsed or approved by any of these entities.
