The middle class is alive and well! Opportunities for young professionals are ever-expanding, and with this credit card, you can access an unbelievable opportunity to accrue travel rewards.
Picture this: you’ve worked hard the last 6 months. You’ve traveled for work on a regular basis. While on your trips, you’ve put all flight, taxi, hotel and dining expenses on your Chase credit card.
Of course, these are all business expenses that your employer will happily reimburse you for, while letting you keep the rewards points. Through all this, you’ve earned enough points for a domestic round trip flight. Time for a vacation!
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- Card Focus:
- Car Rental Agencies
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- Travel (General)
- Typical UsersFood Lovers, Frequent Travelers, Hobby Travelers, International Travelers
The Ideal Cardholder
Sign-up Bonus and Earnings Categories
Right now, you can sign up to the card and get the sign-up bonus mentioned above. Points accumulate in your Chase Ultimate Rewards account to be used for future travel-related or other purposes.
When using the card, you’ll accrue 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. Combine that with no foreign transaction fees, and this card makes for one of the most valuable travel rewards cards in general.
There are no limits on how many points you can earn or redeem, so spend away!
There is a $0 intro annual fee for the first year, but thereafter will cost $95 per year. Assuming you are using your card regularly, you should have no problem making up for this fee with rewards!
Card Benefits: Chase Travel Portal and Ultimate Rewards
For the sign-up bonus, you can redeem up to $687.50 in travel from Ultimate Rewards – the Chase rewards portal – or you can make a 1:1 point transfer to leading airline and hotel loyalty programs.
Redeeming through Ultimate Rewards is a simple way to save some money on a typical flight. You’ll get 20% off using the travel portal when you book with points, and you’ll still earn loyalty points in your account!
If you transfer to an airline, you can squeeze even more value out of those points. At a minimum desired redemption of $0.02 per reward point, you could get $1,100 or more in travel value, depending on how you redeem!
Those points would be enough to get you a round trip ticket to Los Angeles or New York City for the weekend, but could be even more valuable booking a one-way international trip in business class!
It’s good to know there are no blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards.
At any time, you can transfer reward points out of your account in increments of 1,000 to any of Chase’s partners (airlines and hotels, see below).
Also see here for 10 benefits of the card that you might not know about.
Other Benefits: Insurances, Exclusive Events, and More
Providing simple ways to earn points for travel isn’t all this credit card can do. It also includes an array of other benefits that make it even more useful for travel purposes.
First, we’ll discuss the travel insurances. These include Trip Cancellation and Interruption, Auto Rental, Lost Luggage, Trip Delay, Baggage Delay, and Travel Accident Insurance.
Additional insurances include Purchase and Warranty protection. You also have access to a Travel Emergency Services hotline and Roadside Dispatch for emergency assistance when needed.
You can find more details on these in the Gritty Details section below.
As you can see, if things go wrong, your card could have you covered in a number of situations, so don’t forget to check your benefits if something does happen!
You’ll also get access to other things in the Chase Ultimate Rewards universe, such as Exclusive Events. These are VIP events that Chase curates for its members.
The Chase Shopping Portal is another perk since you can earn a ton of extra points for your Ultimate Rewards account by shopping there.
However, this card isn’t all sunshine. It does carry an annual fee of $95 after your first year, but this is average compared to other travel rewards cards out there.
As with most of those others, though, the waived first year fee gives you an opportunity to get a lot of value out of the card before it costs you anything at all.
The minimum spend to get your sign-up bonus points is typically a little higher than other cards, though, which could be a problem for some people (especially if you’re only using it on travel expenses).
While this card earns in the general travel and dining category, note that this specifically excludes gas. So if you drive a lot, don’t expect this to be the highest earning points card there.
Next, we’ll say that if you are a benefits lover, this card is not for you. While it has great fringe insurances, it does not have the travel benefits of the Premier Rewards Gold Card from American Express or The Platinum Card® from American Express.
It also does not earn as many points as the Chase Ink Business Preferred℠ Credit Card or Chase Ink Business Cash℠ Credit Card can for business-related expenses (up to 3-5x).
The Blue Cash Preferred® Card from American Express also earns more in everyday expenses (3-6x in U.S. gas, supermarkets, and department stores), and you can’t get a big spend bonus like you do with The JetBlue Plus Card.
Overall, though, this card earns a great number of points in many different categories, so it is a great travel card for you travel lovers out there!
Card Rewards: Maximize Them
Like we mention in our other Chase Reviews, while this card is powerful on it’s own, it becomes even more powerful when combined with The Chase Freedom®, Chase Ink Business Preferred℠ Credit Card, and Chase Ink Business Cash℠ Credit Card.
With this combination, you’ll want to use the right type of card to do the right type of spending. If you can utilize the 2x-5x categories of these other cards on the items that you can’t earn 2x points on with the Chase Sapphire Preferred® Card, you will fill your Ultimate Rewards Account more quickly.
Regardless of the drawbacks, this card is perhaps one of the most popular airline or travel reward credit cards out there, for good reason.
It doesn’t have to be used on any specific airline, you can accrue reward points in many ways, you get awesome discounts through the Ultimate Rewards portal, and you can transfer points to your favorite loyalty programs at 1:1.
With the addition of all the travel insurances to protect your travels at no additional cost, you can rest easy and simply enjoy the rewards you earn.
Here on the blog, we call this card our favorite card for earning travel rewards. When combined with other Chase cards, your Ultimate Rewards Account can grow even more quickly!
Great Card If
- You travel frequently for work and pleasure utilizing airlines and hotels
- You dine out more than you cook at home
- Your travel includes domestic and international destinations
- You also use the Chase Freedom®, Chase Freedom Unlimited®, Chase Ink Business Cash℠ Credit Card, or Chase Ink Business Preferred℠ Credit Card.
- You use taxi services frequently (Yellow Cabs, Uber, Lyft, etc.) or other public transportation while traveling
Don't Get If
- You use your own personal car for travel (gas isn’t included in the 2x points)
- You don’t eat out that often
- You don’t travel for work, or you have to use a work-issued reward credit card
- You don’t enjoy traveling all that much, and when you do, you usually you stay with friends
- Annual Fee
- $0 Intro for the First Year, then $95
- Foreign Transaction FeesNone
- Interest Rates ?
- 17.99% - 24.99% Variable
- Late fees
- See Rates & Fees
- Balance Transfers
- 17.99% - 24.99% Variable
- Cash Advance APR
- 26.99% Variable
U.P. Pro Tips
When traveling, make sure to use this credit card for vacation activities that fall into the travel category.
For instance, if you’re in Florida and want to take a Swamp Tour on the Everglades, you’ll get 2x points!
Best Way to Maximize Chase Points
So far in this review, we’ve discussed general benefits of the card. Now let’s talk about earning points!
The key to a good points strategy is finding the most valuable methods for banking points on each of your cards. For cardholders, it can be as easy as spending in your 2x categories.
However, there are more ways to continue to earn extra points. Here are some of our favorite ways to earn points with Chase:
Tip #1: Book all travel on this card; if you start splitting between multiple cards, you are likely going to lose out on extra points as this is a very rewarding card in the travel sector! (unless you’re using other Ultimate Rewards cards!).
Tip #2: Earning points can be done with anything you can put on a credit card. You’ll earn 1x points even paying for things like utility bills, online shopping, online streaming, and other recurring monthly bills.
Tip #3: Find potential flight deals while earning points by booking through the Chase travel portal.*
Tip #4: Set up your card to pay for all your public transportation (taxis, Uber, Lyft, buses, trains, etc.). This also includes your tolls!
Tip #5: Purchase snacks and other goods through your hotel room or on the plane in order to get it billed as travel, instead of purchasing at a convenience store.
Bonus Tip: We’ve now put together a guide to earning 100k Chase points in just 90 days!
*Note: While prices are typically the same, we strongly encourage you to compare flights from the portal with the airline site and a discount travel portal to ensure you’re getting the best deal.
See the Card Math section for details on how to calculate.
Earn Points By Using With Other Chase Cards
Combining your Chase Sapphire Preferred® Card with other Chase cards is valuable because it allows you to cover more categories at rates higher than 1x. While it may not seem like a lot, over a year the extra earnings REALLY add up!
Tip #1: Get a Chase Freedom® and use it in your 5% categories each quarter, even if they are travel-related. The return on the 5% category for that quarter will be greater than the 2x points you’d otherwise earn.
Note that the Chase Freedom® Card rewards max out after $1,500 in spending, so continue to use your Chase Sapphire Preferred® Card for travel after reaching that point.
Tip #2: Use a Chase Freedom Unlimited® to get 1.5% cash-back on all purchases, which is the equivalent of 1.5x points. This card is perfect to use in every instance where you wouldn’t get more than 1x points otherwise.
Tip #3: Earn up to 5x rewards on office supplies, cell phones, landlines, internet, and cable using the Chase Ink Business Cash℠ Credit Card or Chase Ink Business Preferred℠ Credit Card. Internet services include things like GoDaddy.com and other web providers.
The Chase Ink Business Cash℠ Credit Card can also be used to earn 2x in gas.
Tip #4: Along the lines of the previous tip, just make sure you are using your Ink Cards as much as you can. If you already have a business, you should be using these instead of another business card.
With the massive 5x earnings, you will be racking up travel rewards in no time. Especially if your business reward credit card earns no rewards, you should switch to one that does!
Other Earnings Methods: Shopping Portals and Partner Programs
While we have been focusing on ways to earn points utilizing the category bonuses on the card, we’ve been ignoring ways to earn points that are independent of these.
Tip #1: Connect your card to MileagePlus Dining and other airline rewards extras to earn points both directly through the card (2x on dining) and through the airline partnership.
Miles earned vary by carrier, but these are added on top of your points earned with the card. The caveat is that it earns directly in the partnerships loyalty account.
Luckily, United MileagePlus is a partner of Chase Ultimate Rewards! Once you’re ready to transfer, you can send your Ultimate Rewards points into your MileagePlus account to meet back up with their buddies.
Tip #2: Shop through the Chase Portal to find deals with everyday retailers where you could earn 3x-12x or more points, instead of the 1-2x you’d earn with just your Chase Sapphire Preferred® Card.
There are many retailers listed, including Wal-Mart, Microsoft, Dell, Apple, Bed Bath & Beyond, Groupon, Living Social, Vistaprint, and more!
If the retailer is under one of the higher earnings categories, be sure to use whichever Chase Ultimate Rewards card has the highest earning potential!
Past Ways You Could Earn Points
When Chase first came out with this card, there were a couple extra benefits that made this a points earning behemoth. Chase has since stopped them, but it’s worth mentioning so you can be on the lookout in case they come back.
Method 1: First Friday Dining. Members could earn 3x points in dining instead of 2x on the first Friday of every month.
Method 2: 7% Points Dividend. Members could earn a dividend equal to 7% of all points earned over the year. That means if you earned 100,000 points, you could earn a 7,000 point bonus!
Method 3: Earn 1x extra points by booking through the Chase Ultimate Rewards Portal. Using the portal gave you one extra point per dollar, no matter which Chase UR card you used.
Best Way To Redeem Points
Redeeming points earned with this credit card is the end game of the points strategy business. It pays to be smart with how you redeem your points so that you always maximize their value.
Luckily, Chase has some simple ways for you to utilize your points.
High Value Ways To Redeem Chase Ultimate Rewards Points
Below are the different ways to redeem your Chase Ultimate Rewards points:
Tip #1: Book travel by redeeming points for cash in Chase Ultimate Rewards. By doing so, you save 20% on all available travel, which is typically the same as that available to the general public.
For instance, if you see a $300 ticket you want, you could spend just 24,000 points to book that instead of $300 in cash. See the Card Math section for details on when to use points or cash.
This method gives points a value of $0.0125, which is better than the standard $0.01 redemption.
Tip #2: Transfer points to your favorite airline loyalty partner for use with redemptions through the airline or alliance. Travel can typically be redeemed for $0.02 or greater, depending on how you redeem.
One example: you could transfer miles to your British Airways Executive Club account, where you could then utilize the miles to book a Oneworld alliance flight.
A one-way international flight in business class costs approximately 60,000 points, depending on the airline. If we value this one-way business class flight at $4,000, the points are worth $0.067 each!
Low Value Ways To Redeem Chase Ultimate Rewards Points
In contrast to the above section, there are a few other ways you could redeem your points listed here. However, we don’t recommend utilizing these methods if you have another option, as they are lower value than those above.
- Direct cash-back on your accounts, i.e. statement credit (valued at $0.01 per reward point)
- Use points with Amazon (valued at $0.01 per point)
- Redeem in the Chase Merchandise Portal (valued at $0.01 per point or less)
- Chase Experience Portal (value varies; this may end up being more valuable to you than travel depending on the experience)
Chase’s main partners are the travel partners available to accept points transferred from your Ultimate Rewards account. But don’t forget the partners available in the shopping portal either, where you can earn large pools of points!
Chase Ultimate Rewards Shopping Partners
Chase 2x Shopping Bonus: Microsoft, Bed Bath & Beyond, Sam’s Club, Wal-Mart, Apple, Diapers.com, GiftCertificates.com
Chase 3x Shopping Bonus: Living Social, Dell
Chase 4x Shopping Bonus: Groupon, Aveda, Vistaprint
Chase 6x Shopping Bonus: BackCountry.com
Chase 12x Shopping Bonus: Restaurant.com
The Gritty Details: Everything Else You Need To Know
Just as with everything, though, there are exceptions to the rule. Most times when you buy something with this card, it will count as a purchase.
However, points are not earned for balance transfers/cash advances, foreign travel necessities such as traveler’s checks, foreign currency, money orders, or wire transfers.
It also isn’t applicable to gambling which includes casinos, lottery tickets, or other betting transactions (basically steer clear of Vegas!). You also won’t earn points on any checks, overdrafts, interest, unauthorized charges, or any other fees.
Any Ultimate Rewards points you do earn will be combinable with other Chase cards you already own, as well as with those of a partner or spouse.
Note that the merchant you purchase from must have its vendor code from Visa set in the travel or dining category for you to earn the 2x points.
Even if the merchant’s business seems to be in one of these two categories, if it is not coded as such you won’t earn the points (and no amount of negotiating will get them to you).
Chase answers any questions about rewards categories in its Rewards FAQ.
Other Unique Features
Here are more details on the fringe benefits of the card, travel insurance, and so on.
Exclusive Sapphire Events and Experiences – This benefit gives you access to many different events exclusively available to cardmembers. Check the site to find out what’s available.
Travel Accident Insurance – In the unfortunate event of an accident on a common carrier (bus, train, etc.), you can get coverage for up to $500,000 in expenses and costs.
Travel Emergency Services – When you’re traveling and need emergency help, call this line to find someone who can speak your language and find you assistance for anything from medical referrals to legal help.
(You will be responsible for paying for any third-party service you accept; it’s just finding help that’s free.)
Global Lifeline – In a pickle, you can get an emergency cash advance and even a new card delivered to your location! The cash advance only applies if you still have your card.
If your card is lost, a new card can be delivered to you in the U.S. in 1-2 business days, or internationally in 2-7 days.
Zero Liability Protection – For any unauthorized charges on your account, you will be free from liability.
Trip Cancellation & Interruption Protection – If you or a family member gets sick or the trip is cut short by weather or other situations out of your control, you can get up to $10,000 in refunds.
Eligibility assumes the original purchase was paid for through your card, and it only applies to non-refundable charges like hotels, airfare, and more.
Auto Rental Collision Damage Waiver – When you rent a car, you get coverage up to the actual cost of the vehicle you are driving, both in the U.S. and abroad.
Even more amazing is that this is primary insurance, meaning that you can collect from them first rather than going through your own insurance.
(Most travel insurance from this credit card and other cards is secondary.)
Lost Luggage Reimbursement – In the event your luggage gets lost or damaged during travel, you can get up to $3,000 in reimbursement per person (for anyone’s ticket you paid for with your card).
Baggage Delay Insurance – If your bag is simply delayed, you can get reimbursed up to $100 a day for five days to buy replacement items in the meantime. This benefit is available if the bag is delayed more than six hours.
Trip Delay Reimbursement – Sometimes, trips just don’t go as planned. When your travel gets delayed by more than 12 hours, or you are required to stay overnight, you can get covered.
For any uncovered or unreimbursed expenses, this insurance covers up to $500 per ticket that is delayed.
Purchase Protection – Chase will cover your purchases for up to $500 per incident in the case of damage or theft for the first 120 days after the item is purchased, and you have a $50,000 per account maximum.
Extended Warranty – For a warranty that lasts three years or less, Chase will expand the warranty of the item by one extra year.
Chase BluePrint – The BluePrint is a set of tools available to you from Chase that helps you manage your account and expenses.
Photo Credits / Credit/Copyright Attribution:
Business Team Earning Rewards: Andresr/Shutterstock
Swamp Tour Boat: oneinchpunch/Shutterstock
Shopping Online with Card: Syda Productions/Shutterstock
Choosing Her Card: MoQcCa/Shutterstock
What is the Chase Sapphire Preferred® Card? Why get the card? Is it worth it?
This credit card offers great earning potential for restaurants and travel-related expenses while offering a variety of high value redemption options.
These include 20% flight discounts (at $0.0125 per point), transfers to partners, and the ability to combine with the Chase Freedom®, Chase Freedom Unlimited®, Chase Ink Business Cash℠ Credit Card, and Chase Ink Business Preferred℠ Credit Card to earn even more points.
Put another way, get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel!
You will likely find benefit in the card if you are the type who utilizes these categories and travels frequently.
Points can be redeemed for a variety of travel partners, and can be transferred directly to other loyalty accounts when you need points elsewhere.
If you can justify spending enough on the card to warrant the $95 annual fee, then this card is most definitely worth it.
Is this a VISA card?
Yes, this card, as well as all current Chase cards, is processed through VISA.
What are the benefits of the card?
This credit card earns 1-2x points per dollar. The higher earning potential is for all travel- and dining-related expenses except for gas.
These points accrue in the Chase Ultimate Rewards portal and can be used on shopping, purchasing travel tickets through the travel portal, or transferring to loyalty accounts of partner airlines.
Flights booked with the travel portal can be purchased for 20% off, allowing you to save money on your purchase. The card also offers a concierge service to help with a variety of tasks.
Finally, the card offers a variety of travel insurances such as travel accident, trip cancellation and interruption, auto rental, lost luggage, and trip delay insurance.
Other services include Global Lifeline for lost cards, travel emergency services, and warranty protection.
Does the card use Ultimate Rewards?
Yes. Chase rewards come in the form of points that are deposited into your Chase Ultimate Rewards account.
Who are the travel partners of this card?
The travel partners are as follows. Each one will accept transferred Chase points into their own loyalty programs at a 1:1 ratio (point to miles):
Airline partners include Air France KLM, British Airways, Iberia, Aer Lingus, JetBlue, Singapore Airlines, Southwest Airlines, United Airlines and Virgin Atlantic. Hotel partners include Hyatt, IHG, and Marriott.
Do the reward points expire?
Never, as long as your account stays active and in good standing. Keep your bills paid and in good health, and you will never lose your points.
When do the points post to your account?
Your points earned for purchases post at the end of each month with your card statement. Bonus points from other places may take longer.
If you are waiting for points to transfer to travel partners, Chase says the transfers may take up to a week. They must be transferred in 1,000-mile increments.
What is the Chase Sapphire Preferred® Card's annual fee?
The typical annual fee is $95 per year.
Is there a foreign transaction fee on the card?
No, there are no foreign transaction fees.
Is the Chase Sapphire Preferred® Card a 0% APR card?
No. This card has a variable APR (See Issuer’s Terms).
How much is one point worth?
Used directly, a point is worth $0.01 if you use it for something like statement credit. However, a point’s value can vary from $0.01 to more than $0.02 if transferred to airline partners and redeemed for international travel.
How do you redeem rewards for this card?
Simply log in to your Chase Account, then click on any place that says “Ultimate Rewards,” and it will take you to the next screen where you can select which card you want to access rewards for.
All your account information will be available on this screen, and you can switch between accounts or transfer points between accounts.
How do you transfer Chase points to United (or any other airline partner)?
When you are in the Ultimate Rewards portal, go to the “Use Points” menu and click on “Transfer to Travel Partners.”
On this next screen, it lists all the possible partners and allows you to quickly select how much you want to transfer (in 1,000 mile increments). Allow up to a week for points to transfer.
You can only transfer points to yourself or an authorized card user.
How do you destroy the card?
While the recommended way to dispose of your card is to simply request closure of your account and send the card back in an envelope, you can also try a number of different methods.
We recommend exposure to dragon fire or an avada kedavra spell (kidding!). You could even try the fireplace.
What is the card made out of? Is the card metal?
Yes, the card uses a proprietary blend of metal with a blue finish that creates a unique appearance. It is thicker and heavier than most of its plastic counterparts.
Which is better, the Chase Sapphire Preferred® Card or Chase Freedom® Card?
You’ll find better value redemption options with the Chase Sapphire Preferred® Card, but it is best to use both cards simultaneously.
The Chase Freedom® Card has no annual fee and offers 5% cashback in certain categories, which is greater than what the Chase Sapphire Preferred® Card offers. You can combine all your points from both cards to use for valuable redemptions.
What is the Chase Sapphire Preferred® Card's login?
You’ll use the typical Chase bank login.
How do you cancel the Chase Sapphire Preferred® Card?
To cancel the card, call your membership services number on the back and tell them you want to cancel the card. Be sure to use or transfer all points before you do, or else they will be forfeited.
Also, if your annual fee has already hit for the year, you will need to pay it, so cancel before your yearly anniversary if you need to.
Chase Sapphire Preferred® Card