Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
If you were to check out our Top Credit Cards page, you would notice Chase Sapphire Preferred on there at spot one from month to month. We are a huge fan of Chase Ultimate Rewards Points and have a good reason to be. The points can be used for Pay Yourself Back, to use within Chase’s portal, or even to transfer to airline and hotel partners. There are SO many possibilities with this card that make it our favorite. So, let’s dig into some of the perks of having this card.
Join Our Basic Travel Facebook Group to Stay in the Loop on the Latest Travel & Finance News!
Chase Sapphire Preferred Benefits
The typical Chase Sapphire Preferred bonus for the last few years was a 50,000-60,000 welcome offer. Chase has now held pretty steady with the 60,000 Ultimate Rewards Points after you spend $4,000 in 3 months of opening the card. We did see an elevated offer a few months ago for 80,000 but that was the first time in years it has been that high. If the points are redeemed for travel in the UR portal, that is $750 in value. Not only do you get a better welcome offer, but the Chase Sapphire Preferred also provides the following benefits:
- 2x on Travel Purchases
- 2x on dining purchases
- Transfer Chase Ultimate Rewards points to other hotels and airlines
- No foreign transaction fees
- Auto Rental Collision Damage Waiver
- Trip cancellation/interruption insurance
- Baggage Delay insurance
Chase Sapphire Preferred Credit Card
Earn 60,000 bonus points once you spend $4,000 on purchases within the first 3 months from account opening. Learn More Here.
Annual Fee
Chase Sapphire Preferred comes with a $95 annual fee
Visit our Top Credit Cards Page for our favorite cards!
Who can get this card?
A few years ago, along with the ‘unwritten rule’ of 5/24, Chase also made a rule that you cannot hold more than one Sapphire Product, and you are not eligible for a sign-up bonus on a Sapphire product if you had one within the last 48 months. It has been almost 4 years since the Chase Sapphire Reserve was launched, so many of us will be eligible for this card again. So again, to be eligible you have to:
- Be under 5/24
- Not currently hold a Sapphire Product (Chase Sapphire Preferred, Chase Sapphire Reserve)
- Not received a bonus in the last 48 months for a Chase Sapphire Product.
It is super important to know your 5/24 status, so be sure to figure that out before you apply to ensure you will be eligible for the bonus. It is also important to note that it is 48 months since the bonus posted. Not since opening the card on any sapphire product.
Don’t quite need Airline or Hotel credit cards just yet? If you are looking for a Cash Back Credit Card, 0% intro APR or a Balance Transfer Card, we’ve got you covered with our Top Credit Card Offers.
Other Information
Chase’s Pay Yourself Back redemption period was extended in late September. You can read more detailed information on the Chase Pay Yourself back promotion here. This will give you information on all of Chase’s brands for the pay yourself back promotions, including business cards. There is also a detailed redemption guide on how to redeem for the Chase Pay Yourself Back promotion in this article.
You can also check out the latest grocery store promotion that Chase is offering starting November 1st. This will go through April 30th and is a great addition to the Chase Pay Yourself back promotion. Getting extra points for your everyday spending is always a win in my book. Getting to redeem them then for cash back afterwords is an even better win!
Chase Ink Business Preferred Credit Card
Earn 100,000 bonus points once you spend $15,000 on purchases within the first 3 months from account opening. Learn More Here.
Basic Review
Chase Sapphire Preferred is one of our favorite travel cards that I have kept in my wallet for the last 4 years. Chase’s latest pay yourself back promotion you could trade those points in for 1.25% cash back. It is a great beginner card to just getting started in the points and miles game, but it also has so many incredible travel perks and savings.
Let us know your thoughts on if you are eligible to grab this card!
New to Travel Hacking? Check out the BASICS Below!
- Download our FREE Ultimate GUIDEBOOK To SUPER CHEAP Travel
- Basic Travel Hacking 101
- Travel Hacking 102
- Credit Scores 101
- Knowing the Rules
- 5/24 Status
- Top Credit Card Offers
- Earning Bonuses
- Expedited Airport Screening
- Cashback Sites
Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
