Chase Sapphire Preferred: 5 Reasons Why It Should Be Your First Card

The Chase Sapphire Preferred® card is an excellent choice to consider as travel card if you’re starting out. It has a low $95 annual fee with an excellent welcome bonus! You can earn double points for travel and dining, as well as earning valuable travel perks. So if you’re interested on starting out in the world of points and miles, you have to consider the Chase Sapphire Preferred®. Continue reading below to see why it’s a good card!

Five Reasons  to Get Chase Sapphire Preferred

The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. Click here to learn how to apply

1. Welcome Bonus

The Chase Sapphire Preferred® Card’s introductory offer is phenemenal.

2. Broad 2X Travel Dining Categories

Although earning the double points on travel and dining might not be considered a big deal since the these categories are very broad when defined.

Read: Chase Sapphire Cards: What Counts As Dining Purchases?

Here are some examples that are considered as part of the “travel and dining” category:

3. Ultimate Rewards Points are really flexible

There are many different ways to use your Ultimate Rewards points, but if you want to get the best value out of your points, you can do the following:

1. Booking your travel using the Ultimate Rewards travel portal. Your points will worth a flat $0.0125 each.
2. Transfer your points to one of Chase’s airline or hotel partners. With redemption like free flights on Singapore Suites and free nights at Park Hyatt, you can easily trade in your points for more than $0.02 apiece.

* Please note that Chase’s transfer partners may be subject to change.

4. Travel Perks

You can also take advantage of Chase’s travel benefits while earning points from traveling with you Chase Sapphire Preferred® card. Get benefits like:

• No foreign transaction fees. You can save 3% on every purchase you make abroad!
• Primary car rental insurance. Get covered for entire loss, damage, or theft of car rental without needing to report it to your insurance company.
• Trip delay insurance. Get covered for unreimbursed expenses – including meals and lodging – for up to $500 per ticket if your flight, train or other carrier is delayed more than 12 hours or if you’re required an overnight stay because of the delay.
• Baggage delay insurance. Get covered for $100 per day, up to five days, for essential purchases – including toiletries and clothing – when your checked baggage is delayed by more than six hours.
• Trip cancellation or trip interruption insurance. Get covered up to $10,000 per person and up to $20,000 per trip for any prepaid, nonrefundable travel expenses – like plan tickets, hotels and tours – if your trip is cut short or interrupted by severe weather or other covered situations.

5. The 5/24 Rule

Please keep in mind that you’ll need to take Chase’s 5/24 rule into account when you want to expand your  points and miles strategy to incorporate multiple credit cards. Your application for any Chase credit card will be automatically denied if you’ve opened five or more new personal credit cards within the past 24 months, across all banks, not just Chase.

So if you want to take advantage of the Chase Sapphire Preferred® card’s increased introductory offer, you’ll want to apply for the card sooner rather than later.

Bottom Line

The Chase Sapphire Preferred® card is a wonderful travel rewards card or those who are just starting out in the points and miles world. If you qualify for the introductory offer, you’ll be earning a minimum of $750 in value which you can then redeem through the Ultimate Rewards travel portal for flight or hotel booking.

If you’re interested in Chase, you can check out the Best Chase Credit Cards and the latest Chase Bank promotions here to learn more about what they can offer! However, if you’re not interested with the Sapphire Preferred® card or would like to look elsewhere, check out our Best Credit Cards and credit card reviews to see which card fits your needs the most!

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