Get The Most Value For Your Travel Rewards with the Chase Sapphire Preferred® Card

By Jason Steele. Last updated 10 February 2020. 3 comments

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With a valuable bonus offer, flexible redemption, and its bonus categories, it's easy to see why the Chase Sapphire Preferred® Card is one of the most loved cards among travel rewards credit cards. Those familiar with transferring points to loyalty programs will appreciate getting a 1:1 transfer rate to select partners and those who don't want to bother with award flights can redeem points through Chase Ultimate Rewards Portal at a 25% discount, getting a nice 1.25 cents per point value.

At a Glance

Bonus Offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 in travel when you redeem through Chase Ultimate Rewards®. These bonus points can be transferred to miles or points with partner airlines or hotel chains.

Rewards Program: Earn 2X points on travel and dining at restaurants and 1X point per dollar spent on all other purchases worldwide. You also earn 5X points on Lyft rides through March 2022. Use the Chase Ultimate Rewards Portal and get 25% more value when you redeem for airfare, hotels, car rentals and cruises.

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Annual Fee: $95

(See also: Best Credit Cards that Offer Bonus Cash for Sign Up

The Real Value of Sapphire Is Points Transfers

Frankly, it's the points transfer option that I use most, as I find far more value in each point than the 1.25 cents I get from booking travel directly through Chase. While other travel rewards credit cards allow points transfer, many do not offer a 1:1 transfer rate. The bonus of 60,000 Chase Ultimate Rewards points equal 60,000 partner miles or points with partner airlines. You do have the option to also redeem your points for cash, travel, gift cards, and merchandise. (See also: Best Credit Cards that Transfer Points to Miles)

In addition to partner airlines, Sapphire Preferred points can be transfered to partner hotels. I find the Hyatt transfer option the best, considering that an award night at their most expensive properties, including many that cost over $1,000 per night, is a mere 22,000 Hyatt points. Other hotel partners include IHG, Marriott, and Ritz-Carlton. (See also: Best Credit Cards that Transfer Points to Hotels)

Combine Points with Chase Freedom® or Ink Business Cards

Cardholders can transfer points from select Chase cards to their Sapphire Preferred accounts. For example, a Chase Freedom® card earns cash back points that cannot be transferred to airlines or hotels. But you can move those points to your Sapphire Preferred account which can then be used that way. It’s a power couple, really, because you get access to Freedom’s 5% categories to rack up points, and then transferring to be used for travel adds much more value to each point than just getting cash back if you only had the Freedom card. This works for the Chase Ink Plus card as well.

Travel and Purchase Protections Included

This card also includes valuable benefits, which can help save you money, protect your purchases, and travel more comfortably. Some of the additional benefits you get just for being a cardholder and using your card for your purchases include the following:

  • Trip Cancellation/Trip Interruption Insurance
  • Auto Rental Collision Damage Waiver
  • Baggage Delay Insurance 
  • Trip Delay Reimbursement 
  • Purchase Protection
  • Price Protection
  • Return Protection
  • Extended Warranty Protection

Great for International Travel

There is a $0 foreign transaction fee when I use this card internationally, which can save as much as 3% on foreign purchases. (See also: Best Credit Cards with No Foreign Transaction Fees)

Who This Card Is Best For

This is an extremely popular travel rewards card, for good reason. Each Sapphire Preferred point is worth at least 1.25 cents, but really, they're worth a lot more when used to redeem for award flights at partner airlines or free stays at premium hotels. 

Click here to learn more and apply for the Chase Sapphire Preferred® Card today!

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Get The Most Value For Your Travel Rewards with the Chase Sapphire Preferred Card

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Guest's picture

This article was very intriguing. The transfers are AMAZING!! One thing that stuck out to me was the transfer of points to Southwest Airlines. I love to travel so this was very insightful!!

Guest's picture

Wow, I've never heard of another card that allows you to transfer bonus points, that's pretty cool! Sign-up bonus of $500 plus the card is more aesthetically pleasing than any other I've seen- that's enough reason for me! Haha, cool article.

Guest's picture

The sign-up bonus is very enticing. I hope this campaign will be successful. My family loves to travel; however, we prefer local trips and travelling by land so I guess it will not be rewarding to us.