The Chase Sapphire Preferred card is one of our favorite credit cards for everyday spending. While cash back is big for us, it’s more important for everyday spending that’s a bit higher, such as groceries, gas, and restaurants. Plus, you’ll earn three points for every dollar spent on travel and dining.
It is a good time to be a Chase Sapphire Preferred cardholder. The card has been upgraded with a new 100,000 point sign-up bonus, and other benefits have been increased as well.
If you have been searching for a new card for some time, you may have missed out on the Chase Sapphire Preferred card. With a 100,000 point sign up bonus ($1,000 total), it’s one of the best offers out there and is a solid choice for those who prefer a rewards card over a cash back card.
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If the Sapphire Preferred is a credit card from Chase. card wasn’t already fantastic thanks to its record-breaking 100,000-point bonus, it just became much better. With additional category incentives, greater point potential on many already popular items, and an annual bonus on purchases — all without an increase in the annual fee — this is a great card to use to get a head start on your next trip using points and miles.
Offer of Welcome: Spend $4,000 on purchases in the first three months to get 100,000 Chase Ultimate Reward points. The yearly cost is $95
Chase Sapphire Preferred Credit Card (Apply Here)
For years, I’ve suggested the Chase Sapphire Preferred as the best credit card for individuals new to the points and miles game – or even seasoned veterans. The card enables you to dip your toes into the points and miles game – at a fee — while also increasing your Ultimate Reward point balance. Everyone may benefit from Ultimate Rewards, which is one of the most powerful and versatile travel currencies available. Because Chase Ultimate Reward points are usually worth about 2 cents each, the welcome gift is worth around $2,000 in travel!
If you’re searching for a more seasoned card, the Chase Sapphire Reserve now offers a higher bonus, but at a lower value of just 60,000 Ultimate Reward points.
Transfer your points to Hyatt for a complimentary stay at the Grand Hyatt Baha Mar!
Advantages of the card
Points earned have increased.
Chase has recently raised the ante by boosting the number of points you may earn on a variety of common transactions. You may now earn the following points per dollar spent with the Chase Sapphire Preferred:
- All travel purchases will earn you 2 points (or 5 total points if purchased through Ultimate Rewards)
- Eating (including qualifying delivery services, takeaway, and dining out) now earns 3 points, up from 2 before.
- Select streaming providers get 3 points, up from 1 point before.
- Online grocery purchases get 3 points (excluding Target, Walmart, and wholesale clubs), up from 1 point before.
- All Lyft purchases will get you 5 points (through March 2022)
- All other purchases will get you 1 point.
Additionally, on each account anniversary, you’ll get a 10% extra point on all previous year’s total purchases. For example, if you spend $15,000, you will get an extra 1,500 bonus points.
Insurance for travel
In addition to the extra points you’ll earn on all trip expenditures, the card also provides automatic travel insurance in the event of an unforeseen circumstance. When you use the Chase Sapphire Preferred to purchase a ticket or other non-refundable travel expenditures (hotels, excursions, etc.), you’ll be covered in the event of a flight cancellation, airline delay, lost luggage, and more.
You may be repaid up to $10,000 per trip for pre-paid, non-refundable travel costs if you have to cancel a trip due to a covered cause (illness, bad weather, etc.). You are insured for missing baggage up to $3,000 per person (which includes you or immediate family members). If your baggage is only delayed for 6 hours or more, you may be paid $100 each day for up to 5 days for toiletries and clothes.
Although, if your flight is delayed for more than 12 hours or necessitates an overnight stay, you are protected for unreimbursed costs (i.e., meals and motels) up to $500 per ticket, which is my personal preference (and the most frequent protection). The Chase Sapphire Reserve offers a somewhat better flight delay policy, requiring just a six-hour wait, but it comes with a much higher annual fee.
You’ll also have primary vehicle rental coverage, which enables you to opt out of several of the insurance alternatives offered by the car rental business, saving you money.
Credits on the statement
Despite the card’s low cost — particularly when compared to more costly travel credit cards — there are a few methods to offset the $95 annual charge.
Through December 31, 2021, you may receive up to $60 back on qualifying Peloton Digital or All-Access subscriptions. If you have a Peloton — or know someone who can utilize the statement credit — the yearly cost is essentially reduced to only $35 for the year.
You may also get a $50 yearly credit when you book hotel stays via Ultimate Rewards. This is a new benefit, and although it may or may not be useful to you (because you must book directly via Chase and points cannot be used for a free night stay), it is certainly a chance to save money. New cards will begin earning toward the credit right away, while current cardholders (those who established an account before Aug. 16, 2021) will begin earning after their next account anniversary.
Chase Ultimate Reward Point Redeeming
You earn Ultimate Reward points when you use your Chase Sapphire Preferred card. You may either redeem your points via the Chase travel site or transfer them to partner airlines, making this currency very valuable. A 20% discount is available when booking via the travel site. A $500 ticket booked via the site, for example, will cost you just 40,000 points.
United, Air Canada, British Airways, Singapore Airlines, Air France KLM, Southwest Airlines, Virgin Atlantic, Iberia, JetBlue, Aer Lingus, Aeroplan, Hyatt, IHG, and Marriott are among the numerous choices for transferring points to partner loyalty programs.
Redeeming your points via a partner program will usually earn you the most bang for your buck, and all partners transfer points at a 1:1 ratio. For example, Hyatt is a partner, so you may stay at the Hyatt Regency Chesapeake Bay Golf Resort or the Andaz San Diego for just 15,000 Hyatt points per night, which means you’ll only need 15,000 Ultimate Reward points. Both are fantastic homes on different sides of the country.
Transfer your points to British Airways and relax on Mexico’s beaches!
Alternatively, if you prefer business class to economy (and who doesn’t? ), you can travel roundtrip from Boston or Chicago to Spain for 68,000 Iberia points – again, needing 68,000 Ultimate Reward points. This business-class ticket might potentially cost over $4,000 (which I would never pay), making each point worth well over $5. Of course, the value of your points will vary depending on what you want to redeem them for, but figure on an average of 2 cents per point, with plenty of chances to get a better deal.
You may now spend your points on any travel experience — hotel, airline, auto rental, cruise, etc. — for a flat 1.25 cents per point if you want not to worry about award availability. You may accomplish this by booking your trip via Chase’s travel site, which will convert your 100,000 points into a set $1,250 in travel credit.
Who may apply for this card?
Despite the attractive incentive, Chase has clamped down on individuals who sign up for too many credit cards. For starters, there’s the Chase “5/24” rule, which states that if you’ve been accepted for five or more credit cards in the previous 24 months, Chase will immediately refuse you a new card. They also no longer allow you to apply for several cards from the same “family,” i.e., if you already have the Chase Sapphire Reserve, you will not be approved for the Chase Sapphire Preferred.
Additionally, Chase increased the limitations on both the Chase Sapphire Preferred and Chase Sapphire Reserve cards a few years ago. If you’ve gotten a sign-up bonus offer for the card in the previous 48 months, Chase will no longer accept you.
This makes obtaining the card more difficult, but since this is the new normal, there’s no need to hurry. You can always acquire it later if you meet the requirements.
This is a popular card among most people, and with the enhanced welcome bonus, it’s one to keep on your radar. I’ve owned this card for a long time and it was my go-to for a long time. To optimize the points gained with several other Chase Ultimate Reward credit cards, I now divide my purchases across a few different cards, depending on the category bought.
Chase Sapphire Preferred
This is our greatest deal ever! After you spend $4,000 on purchases in the first three months after establishing your account, you’ll get 100,000 extra points. When you redeem via Chase Ultimate Rewards®, you’ll get $1,250.
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The Chase Sapphire Preferred card has long been a top-tier travel rewards card, but as of July 2017, it’s even better. With the new card and 100,000 point bonus offer, the Chase Sapphire Preferred card is now a no brainer for anyone looking to earn rewards.. Read more about chase sapphire preferred 80,000 and let us know what you think.
Frequently Asked Questions
Will the Chase Sapphire Reserve 100k bonus come back?
I am not able to answer this question.
How long will the Chase Sapphire bonus last?
The Chase Sapphire bonus will last until December 31, 2019.
How much is 100000 Chase points worth?
100000 Chase points are worth $10.
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