Top Reasons Chase Sapphire Preferred Should Be Your First Card For Reward Points

Updated: Oct 28, 2018

Choosing the best  travel rewards credit cards  is a major part in maximizing your points and miles, and a select few offer a wide array of perks that appeal to a variety of traveler profiles.

Chase Ultimate Rewards points are perhaps the most valuable points out there.

I believe the  Chase Sapphire Preferred Card is the all-around best flexible card with the most value to have and should be the first one you get when looking to get into the points and miles game.

1. 50,000 Points for Signing Up Chase Sapphire Preferred Card

The standard sign-up bonus is 50,000 Ultimate Rewards points after you spend $4,000 in the first three months from account opening. You won’t even need to pay the $95 annual fee during the first year of membership.

2. So Many Redemption Options Transfer points to Singapore Airlines to book a luxurious award flight or United for Business class travel across the US!

There Are Two Key Ways to Redeem Ultimate Rewards Points

  1. Booking travel directly through the Chase travel portal where  points are worth a flat 1.25 cents apiece. For example a $500 ticket is only 40,000 points!

  2. Transferring your points to one of Chase’s 12 travel partners. Typically, you’ll get the most out of your points when you transfer them to these valuable partners, including United, Singapore Airlines, Hyatt, Marriott and nine others.

  3. When you transfer points to these partners, you’ll unlock terrific redemptions, such as the Park Hyatt New York City, Singapore Suites, United business class and many other luxurious and usually very expensive travel experiences!

3. The Travel Benefits

Top 4 Travel Benefits

  • Primary car rental insurance. This covers the entire loss, damage or theft of your car rental without reporting it to your insurance company, a benefit that can save you big time in the long term.

  • Trip delay insurance  up to $500 per ticket. If your flight, train, or other common carrier is delayed more than 12 hours or you require an overnight stay as a result of a delay, you’re covered for unreimbursed expenses such as meals and lodging.

  • Trip cancellation/trip interruption insurance up to $10,000 per trip for pre-paid, nonrefundable travel expenses such as plane tickets, hotels or tours if your trip is cut short or interrupted by sickness, severe weather or other covered situations.

  • Baggage delay insurance of  $100 per day for up to 5 days.  If your checked baggage is delayed by more than 6 hours, you can be reimbursed for essential purchases like toiletries and clothing.

  1. Chase’s 5/24 Rule If you’re thinking about expanding your points and miles strategy to include  opening and utilizing multiple credit cards, you should open the  Sapphire Preferred Card.  Chase’s hard 5/24 rule is for any card that accrues Ultimate Rewards points, If you’ve opened  five or more new credit cards in the past 24 months (whether or Chase or any other bank), your application for the Sapphire Preferred will be automatically declined. As a result, if you want to take advantage of the sign-up bonus and the other perks listed above, you should apply for this card first and then other cards.

Final Thoughts

The Chase Ultimate Rewards program should be a staple in your points-earning strategy. In fact, if you are just starting your miles and points journey, we recommend earning Ultimate Rewards initially

With Ultimate Rewards, you’ll have lots of ways to earn and redeem your points. Before you know it, you’ll be taking a trip of a lifetime…and then doing it again!

Disclaimer: The content on this site is provided for information and discussion purposes only. It is not intended to be professional financial advice and should not be the sole basis for your investment, financial or tax planning decisions. Under no circumstances does this information represent a recommendation to buy or sell securities, or any other products, or services. All content and information is subject to change at anytime.


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