[Application link: 40,000 points with $4,000 spend in 3 months]
Today we will be diving deeper into one of my (and everyone else's) favorite cards out there, with the Chase Sapphire Preferred credit card review. The card offers a bonus of the extremely valuable Ultimate Rewards points along with some other unique perks. Here are the details:
- 40,000 Ultimate Rewards points after spending $4,000 in 3 months
- 5,000 additional points after adding an authorized user
- $95 annual fee (first year waived)
- 2 points per $1 spent on travel and dining, 1 point per $1 spent everywhere else
- Ultimate Rewards benefits (transferable to major airlines/hotels, 20% discount when booked through Ultimate Rewards, exclusive offers, etc.)
- No foreign transaction fees
- Sleek metal card design
- Approval difficulty: Hard (~700+ credit score with good income)
- Churn status: Moderate (can be reapplied after 24 months)
There is a reason this card is one of three in my overall Credit Card Deals. And on that page, my bottom line pretty much sums this card up: among all the churning of different bank applications, the Sapphire Preferred is the card you are most likely to keep.
Chase has some of the best customer service out there (i.e. you call and a human answers), their website and mobile application are top notch and they seem to have branches with ATM's everywhere.
But the #1 reason that this is one of my top cards is the flexibility of the Ultimate Rewards platform. Transfer partners include major airlines like United, Southwest and British Airways, and major hotels like Hyatt, Marriott and InterContinental Hotels Group (IHG). See a full list of travel partners below.
Update: Chase Ultimate Rewards points are now transferable to Singapore Airlines - among the best airlines in the world - in addition to the partners shown.
In addition to transfer partners, the Ultimate Rewards platform has their own built-in tool to book travel. And when you use the platform you receive a 20% discount on your points, so a $1,000 booking (usually 100,000 points) would cost 80,000 points.
I haven’t used the booking tool much as I’ve typically found better use of the miles by transferring. But that isn’t always the case, and the added option is a big selling point. As a final point, booking through their internal tool will still allow you to earn frequent flyer miles on the airline.
Earning potential from bonus categories, flexibility on how to use the points and a sleek card design that screams luxury all make the Chase Sapphire Preferred one of the premier personal cards out there. Application information is below.
Disclaimer: Photos credit to Chase.