Chase Sapphire Preferred® CardHave you been bitten by the travel bug? If so, you’re probably looking for a credit card that will help you make the most of all of your travel purchases. Lucky for you, the Chase Sapphire Preferred Card just upped its intro bonus to 60,000 points — that’s worth $750 toward travel when redeemed through Chase Ultimate Rewards! Just spend $4,000 on purchases in the first 3 months from account opening to earn this 60,000-point bonus. While this bonus is impressive, it’s not the only thing the Chase Sapphire Preferred Card has to offer. Keep reading to learn all about this card.

What the Chase Sapphire Preferred Card offers

Chase Sapphire Preferred Card
  • Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months of account opening.
  • Earn 2X points on travel and dining worldwide.
  • Earn 1 point per $1 spent on all other purchases.
  • Pay $95 annual fee.
  • Pay no foreign transaction fees.
  • Redeem your points for travel via Chase Ultimate Rewards and get 25% more value.
  • Transfer your points 1:1 to leading airline and hotel loyalty programs.

On top of its new 60,000-point bonus, the Chase Sapphire Preferred Card earns 2X points on travel and dining purchases worldwide, along with 1 point per $1 spent on all other purchases. This means you’ll not only earn points on travel you book, but you’ll also earn points when you dine out, which is likely something you do while you’re home or away from home.

Although the Chase Sapphire Preferred Card charges a $95 annual fee, it has no foreign transaction fees — a must for any world traveler — and flexible rewards redemption options.

First, you can redeem your rewards through Chase Ultimate Rewards to book airfare, hotels, car rentals and cruises with no blackout dates or travel restrictions. Booking through Chase Ultimate Rewards allows you to get 25% more value for your points. For example, the 60,000-point bonus is worth $600 when redeemed for cash, but if it’s redeemed for travel via Chase Ultimate Rewards, that bonus value jumps to $750! As you can see, booking through Chase Ultimate Rewards allows you to get the most bang for your hard-earned points.

If you’d prefer to book travel directly with your favorite hotel and airline, you’re in luck because Chase allows you to transfer your Chase Sapphire Preferred Card points to one of its partner airline and hotel programs at a 1:1 value. This means you can transfer 100,000 Chase points to Southwest Airlines, for example, and have 100,000 Southwest Airlines points. We like this feature because it gives cardholders a lot of flexibility with how they can use their rewards, a major plus for a travel credit card.

On top of all of that, the Chase Sapphire Preferred Card comes with a number of added perks, including trip delay reimbursement, travel and emergency assistant services, auto rental collision damage waiver, trip cancellation/interruption insurance and more. This card also requires excellent credit (usually considered a credit score of 750 or more) for approval.

Downsides to consider

While we love the bonus, ongoing rewards and point redemption flexibility that the Chase Sapphire Preferred Card offers, there’s one potential downside: you only earn 2X points on certain purchases. If you’d prefer a travel card that allows you to rack up rewards on all purchases, the Capital One Venture Rewards Credit Card¬†might be a better fit. It offers unlimited 2 miles per $1 spent on all purchases, so you don’t have to worry about certain purchases earning more than others. From now through Jan. 31, 2020, the card earns 10X miles on hotels booked through Hotels.com/Venture. New cardholders who spend $3,000 on purchases in the first 3 months will earn a 50,000-point bonus. The Capital One Venture Rewards Credit Card’s intro bonus doesn’t hold the same value as the Chase Sapphire Preferred Card’s bonus, but it’s still worth a solid $500 in travel. Rewards earned with this Capital One card can be redeemed for travel statement credit — meaning you book travel your way, then redeem for statement credit to cover all or part of the purchase — or transferred to one of Capital One’s partner programs at a ratio of 2 to 1.5. This means 2 Capital One miles are worth 1.5 partner miles/points, which isn’t as good as Chase Sapphire Preferred’s 1:1 ratio. The Capital One Venture Rewards Credit Card, which is available to those with good to excellent credit (usually considered a credit score of 700 of higher), also has no annual fee for the first year (after that, it’s $95) and no foreign transaction fees.

Should you apply for the Chase Sapphire Preferred Card?

If you love traveling and dining out, the Chase Sapphire Preferred Card is for you. The ongoing rewards are generous and the new 60,000-point intro bonus makes the card even more appealing. Visit our Chase Sapphire Preferred Card review to learn more about the card and apply online.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.