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3X Winner Best Travel Rewards Card

by Greg Go - Last updated Apr 03, 2020

Greg Go is a credit card expert whose financial advice has been featured on US News & World Report, Business.com, and Yahoo! Finance.

Bottom Line:
  • First year points potential - 114,000 points ($1,425 value)

Member Rewards Summary:

  • 60,000 welcome points ($750 value)
  • 2X points on travel and dining
  • 1X points on all other purchases
  • 25% multiplier on all points
  • Points transfer (1:1 exchange with 65+ airlines)
  • Unlimited earnings, no expiration

There are so many reasons to love the Chase Sapphire Preferred®️ Card that it’s difficult to sound objective, but I'm not the only one with a high opinion. Conde Nast TravelerKiplinger, and U.S. News & World Report are just three travel and finance magazines who have recognized Sapphire Preferred as a Best Travel Rewards Card. And Chase customers rate this card 4.5 out of 5.0 stars (7,819 card member reviews).

We like to balance qualitative and quantitative proof in our reviews, so here's some dollars-and-cents. Money Magazine calls the 60,000 welcome points, "The best sign-up bonus we've seen in years." And our analysts calculated a potential $1,425 value during the first year alone.

» Apply Now:  60,000 new member bonus points ($750 value)

4 Reasons to Believe the Hype

1. Exceptional Rewards Program

Your new member welcome bonus is a market leading 60,000 points ($750 value) after you make $4,000 in purchases within three months. It's an easy target for Sapphire Preferred card members to achieve.

You get 2 points for every dollar spent on all your travel and dining purchases. If you vacation, staycation, use local transportation, or dine at restaurants, then you know how fast those double points will add up.

You get 1 point for every dollar spent on all other purchases.

Chase is constantly negotiating valuable new offers for their members to enjoy. You can get an unlimited number of free deliveries with a DashPass subscription from DoorDash, the number one food delivery service in the country. Plus reduced service fees on orders over $12. These benefits are good for at least a year on qualifying food purchases when activated by December 31, 2021. Plus, 5X points for every dollar spent on Lyft rides through March 2022. Watch your mailbox. There are more super deals on the way.

Your balance builds quickly with all these ways to accumulate the wealth. And when there are no limits on how much you can earn, no spending category restrictions, no travel blackout dates, and your points never expire.

2. 25% Points Multiplier

Book your travel through the Chase Ultimate Rewards travel portal, and you'll get 25% more value. You can choose to redeem 90,000 points for $900 in cash, or $1,125 in plane tickets, hotel stays, rental cars, cruises, and adventure experiences. The portal is supported by Expedia, so there's a whole world waiting for you, whether your dream destination is Hawaii, London, or New Zealand.

3. Transfer Points Across Travel Programs

This is a big deal for me. You can transfer your points (1:1 exchange rate) to United, British Airways, Air France, or any member of the Star Alliance Group. That's more than 65 airlines. Plus thousands of top hotels like Hyatt, Marriott, and the InterContinental Hotels Group.

You can also redeem your points for gift cards, cash back, or Amazon and Apple purchases.

4. En Route Benefits and Protections

Chase waives all foreign transaction fees. What's even more valuable to me is the safety net that covers those unexpected travel situations. Complimentary insurance reimburses your out-of-pocket expenses when you cancel a trip prior to take-off, when you miss a connection, when your flight gets canceled, or when your luggage gets lost. These situations can be inconvenient, as well as expensive, but Sapphire Preferred has you covered. In addition, chip technology provides enhanced security and wider card acceptance when you're abroad.

Is Sapphire Preferred or Sapphire Reserve Your Best Choice?

Chase Sapphire Preferred and Sapphire Reserve are both premium credit cards with rich rewards programs.

Reserve just increased the annual fee to $550. According to a New York Times* article, you’d need to – increase your spending by 67% on travel and dining (their highest paying points category), redeem all your points through the Chase Ultimate Rewards portal, and collect all of your $300 annual travel credits – just to break even on Reserve’s new $550 fee.

Sapphire Preferred has an annual fee of $95. You’d need to spend $3,800 per year ($317 per month) on travel and dining purchases to break even. It’s interesting that Chase gives a better welcome bonus points offer to Preferred card members than Reserve members. The Preferred 60,000 points offer ($750 value) more than outweighs the annual fee your first year.

We hope this analysis helped you decide which is the better choice for you and your family.

*The Slow Sudden Death of Chase Sapphire Reserve; Wirecutter, A New York Times Company; January 13, 2020.

Calculate the Real Value

Our analysts crunched the numbers for someone who charges $3,000 per month to their card, and they estimated a rewards potential of $1,425 during the first year.

Rewards Points Potential – Year One

 

Number of Points

Dollar Value

New member bonus

60,000

$600

Travel and dining (2X points)

36,000

$360

All other purchases (1X point)

18,000

$180

Total rewards – cash value

114,000

$1,140

Total rewards – travel value on Ultimate Rewards with 25% points multiplier

114,000

$1,425

Monthly spending estimates are based on data published by the US Bureau of Labor Statistics and other published sources. New card members will receive their 60,000 bonus points after they make $4,000 in purchases during the first 3 months after account opening.

Who Should Get This Card

I recommend Chase Sapphire Preferred® to all my friends and family, especially the ones who think it's silly to pay full price when you travel. You'll enjoy a 60,000 bonus points offer ($750 value), an amazing rewards program, unlimited earnings, and flexible redemption options. It all adds up to an exceptional travel card program. There's no equal in the marketplace today.

» Apply Today: 114,000 first year points ($1,425 value)

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