The Chase Sapphire Preferred® credit card is an exceptional starter card that offers transferrable Ultimate Rewards points and pairs well with other Chase cards. This article will explore the benefits of the Chase Sapphire Preferred® card and how it can be used to maximize rewards.
One of the key features of the Chase Sapphire Preferred® card is its ability to earn transferrable Ultimate Rewards points. With this card, you earn 2X points on travel and dining at restaurants worldwide and 1X point per dollar spent on all other purchases. These points can be transferred to a variety of hotel and airline partners, allowing you to maximize the value of your rewards. Some of the hotel partners include Marriott Bonvoy, World of Hyatt, and IHG Rewards Club, while the airline partners include United MileagePlus, British Airways Executive Club, and Southwest Rapid Rewards.
In addition to the ability to transfer points to travel partners, the Chase Sapphire Preferred® card also offers a variety of other benefits. One of these benefits is the ability to combine points from other Chase cards. If you also have Chase’s cashback cards like the Chase Freedom Flex℠ and Chase Freedom Unlimited®, or the business versions, Ink Business Cash® and Ink Business Unlimited®, you can combine the points earned on these cards into your Chase Sapphire Preferred® account. This allows you to earn points at a faster rate and gives you more flexibility when it comes to redeeming your rewards.
The annual fee for the Chase Sapphire Preferred® card is quite low at $95 per year. Considering the benefits and rewards that come with this card, the annual fee is easily offset. In addition, cardholders also receive a 10% anniversary bonus on points earned throughout the year. This means that if you earn 50,000 points in a year, you will receive an additional 5,000 points as a bonus. This can add up over time and increase the value of your rewards.
Another perk of the Chase Sapphire Preferred® card is the $50 hotel credit in Chase travel. When you book a hotel stay through the Chase Ultimate Rewards portal, you can receive a $50 credit towards your reservation. This can be a great way to save money on your travels and make your rewards go even further.
Overall, the Chase Sapphire Preferred® card is an excellent option for those looking to get started with a rewards credit card. Its transferrable Ultimate Rewards points, ability to combine points from other Chase cards, low annual fee, and additional benefits make it a valuable addition to any wallet. Whether you’re a frequent traveler or simply looking to earn rewards on your everyday purchases, the Chase Sapphire Preferred® card is worth considering.
In conclusion, the Chase Sapphire Preferred® card is a standout credit card with its transferrable Ultimate Rewards points and ability to pair with other Chase cards. The low annual fee, 10% anniversary bonus on points, and $50 hotel credit in Chase travel further enhance the value of this card. Whether you’re a seasoned rewards enthusiast or just starting out, the Chase Sapphire Preferred® card is definitely one to consider.