The Chase Sapphire Preferred® is an exceptional starter card that offers transferrable Ultimate Rewards and pairs well with other Chase cards. With its low annual fee of $95 a year, this card provides great value for those looking to earn and maximize their rewards.
One of the key features of the Chase Sapphire Preferred® is its ability to earn Ultimate Rewards points. These points are highly flexible and can be transferred to numerous hotel and airline partners at a 1:1 ratio. This means that for every point you earn, you can transfer it to a partner program and potentially get even more value out of it. Some of the popular transfer partners include Hyatt, Marriott, United Airlines, and British Airways.
In addition to the flexibility of Ultimate Rewards points, the Chase Sapphire Preferred® also offers a 10% anniversary bonus on points earned throughout the year. This means that every year on your account anniversary, you will receive a bonus equal to 10% of the points you earned in the previous year. For example, if you earned 50,000 points in your first year, you would receive a bonus of 5,000 points on your account anniversary.
Another perk of the Chase Sapphire Preferred® is the $50 hotel credit in Chase travel. When you book a hotel stay through the Chase Ultimate Rewards portal, you will receive a $50 credit that can be used towards your booking. This can help offset the cost of your annual fee and provide additional value when redeeming your points for hotel stays.
To further enhance the earning potential of the Chase Sapphire Preferred®, it can be paired with other Chase cards. By carrying this card alongside Chase’s cashback cards like the Chase Freedom Flex℠ and Chase Freedom Unlimited®, or the business versions: Ink Business Cash® and Ink Business Unlimited®, you can combine the points earned on these cards into your Chase Sapphire Preferred® account. This allows you to pool your points and take advantage of the transfer partners offered by the Chase Sapphire Preferred®.
The Chase Sapphire Preferred® is also a great card for travel benefits. It offers primary rental car insurance, which means that if you get into an accident while driving a rental car, Chase will cover the damages before your personal auto insurance kicks in. This can potentially save you hundreds or even thousands of dollars in insurance fees.
Additionally, the card has no foreign transaction fees, making it a great option for international travelers. You can use the card abroad without incurring any additional charges, which can add up quickly if you frequently travel outside of the United States.
In conclusion, the Chase Sapphire Preferred® is an exceptional starter card that offers transferrable Ultimate Rewards and pairs well with other Chase cards. With its low annual fee, anniversary bonus, hotel credit, and travel benefits, this card provides great value for those looking to earn and maximize their rewards. Whether you’re a frequent traveler or someone who wants to earn valuable rewards on everyday spending, the Chase Sapphire Preferred® is definitely worth considering.