The Chase Sapphire Preferred® is a popular credit card choice for many individuals looking to maximize their rewards and travel benefits. This card is often considered to be an exceptional starter card due to its generous rewards program and relatively low annual fee. In this article, we will explore the benefits of the Chase Sapphire Preferred® card, how it works, and how it can be used in conjunction with other Chase cards to maximize rewards.
The Chase Sapphire Preferred® card is known for its transferrable Ultimate Rewards program, which allows cardholders to earn points that can be transferred to a variety of hotel and airline partners. This flexibility is a major selling point for the card, as it allows cardholders to maximize the value of their points by redeeming them for travel rewards. Additionally, cardholders can also redeem their points for cash back, gift cards, or merchandise through the Chase Ultimate Rewards portal.
One of the key benefits of the Chase Sapphire Preferred® card is its ability to be paired with other Chase cards to maximize rewards. By combining points earned on other Chase cards like the Chase Freedom Flex℠, Chase Freedom Unlimited®, Ink Business Cash®, and Ink Business Unlimited®, cardholders can pool their points into their Preferred account and transfer them to hotel and airline partners. This can significantly increase the value of the points earned on these cards, as they can now be used for high-value redemptions like first-class flights or luxury hotel stays.
In addition to its rewards program, the Chase Sapphire Preferred® card also offers a number of other benefits that make it a valuable addition to any wallet. The card has a relatively low annual fee of $95, which is waived for the first year. Cardholders also receive a 10% anniversary bonus on points earned throughout the year, as well as a $50 hotel credit when booking through the Chase travel portal. These benefits can help offset the cost of the annual fee and provide additional value to cardholders.
Overall, the Chase Sapphire Preferred® card is a solid choice for individuals looking to maximize their rewards and travel benefits. Its transferrable Ultimate Rewards program, paired with its ability to be combined with other Chase cards, makes it a valuable addition to any wallet. Additionally, the card’s low annual fee and additional benefits make it a worthwhile investment for those who travel frequently or are looking to earn valuable rewards on their everyday spending.