The Chase Sapphire Preferred is a popular credit card that offers cardholders a wide range of benefits. This article will discuss five benefits of the sapphire credit card.
1. Generous rewards program: The card currently offers 2x points on travel, 3x points on dining, and 1 point on all other expenses. These points can be redeemed for travel, merchandise, or gift cards. These points can also be used as statement credit which can reduce your monthly bills. Redeeming your points for travel is fairly easy and can be done directly through the chase ultimate rewards travel portal. Redeeming your points for merchandise and gift cards is also relatively easy and can be done through the chase ultimate rewards website.
2. Large sign-up bonus: The card is currently offering a sign-up bonus of 60,000 bonus points when you spend $4000 on purchases in the first 3 months from account opening. Points can be redeemed for statements of purchase, travel, gift cards, and other items. In order to redeem the points wisely, it is important to understand the value of your points. Each credit card rewards program has a different value for its points. Some may have a higher value for certain types of rewards, such as travel or cashback. Understanding the value of your points will help you redeem them for the most value.
3. Travel benefits: The chase sapphire preferred offers many travel-related benefits. Some of the travel benefits included, travel protection, no foreign transaction fee, points transfer to other airlines or hotels, and access to priority pass select which offers lounge access to over 1,000 airports worldwide. These benefits provide excellent value and can help make your travels smoother and avoid interruptions.
4. Refer-a-Friend bonus: The chase referral bonus is a way for current chase credit card holders to earn bonus points for each friend who is approved for a chase credit card. Referring a friend is relatively easy and can be done through the chase refer a friend website. Currently, Cardholders are eligible to earn up to 75,000 bonus points through the referral program and each referral is valued at 15,000 points.
5. Point transfer to travel partners: Chase ultimate rewards points are some of the most valuable points that can be earned because they are transferrable points. This means you can move the points to various airlines and hotel partners to book your travel, in addition to booking through chase directly. Current transfer partners include but are not limited to Air France, British Airways, Jetblue, Marriot Bonvoy, and World of Hyatt. Utilizing point transfer allows you to compare the reward ratio for purchasing your tickets on the chase travel portal compared to direct booking on the airline’s website which can sometimes be a more valuable way to use your points. Furthermore, you can also use your points to upgrade your seat to business class.
