Chase Sapphire Preferred Credit Card

Continuing on with the credit card theme from yesterday, we are moving on to my Number One favorite credit card – the Chase Sapphire Preferred credit card.  Every time I use this card I get lots of compliments because it is a heavy card with metal between the plastic front and back.  This is the card that both Blogger Hubby and I each applied for two years ago to get enough points to fly to Australia in business class with the lie flat seats.

Chase Sapphire Preferred
Chase Sapphire Preferred

With the Sapphire Preferred card, you get 2 times points on all travel and dining charges and on the first Friday of the month you will get 3 times points on dining.  Another perk is an additional 1 times points (for a total of 3 times points) on travel when you book your travel through Chase Ultimate Rewards.  One benefit that I think is important to any traveler is no foreign transaction fees.  That alone can save you lots of money.

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Now you ask, what are Ultimate Rewards.  This is the part that I REALLY like.  When you use a Delta credit card, you receive Delta miles; when you use an American Airlines card you receive American Airlines points.  When you use Chase Sapphire Preferred card and a few other cards from Chase, you receive Ultimate Reward points.

united

Ultimate Reward points are flexible points.  Chase gives you options of where you can transfer your Ultimate Reward points to and I like options.  I can transfer these points to United Airlines and consequently to all of the Star Alliance; to Southwest Airlines which we have used twice in the past year and had never used before; British Airways which gets you into the OneWorld Alliance; Korean Airlines which gets you into the SkyTeam Alliance; Virgin Atlantic and just added (and one of my favorite airlines that is also in the Star Alliance – Singapore Airlines.  For those who take the train you can transfer you points to AMTRAK.  There are also hotels that you can transfer your points to though in my opinion you get more bang for your point by transferring them to an airline.  However if you need hotel points, you can transfer them to Hyatt, Marriott, Ritz Carlton and IHG which is Holiday Inn, Holiday Inn Express, Crowne Plaza and more.

Currently if you are approved for this card you need to spend $3000 in the first 3 months to earn 40,000 miles.  If you are interested in this card, leave a note in the comment section and I’ll forward to you my referral code where I would receive 5,000 points for the referral or if you would rather not, you can go directly to the Chase website and fill out an application there.  Either way, this card is definitely in my wallet and is my favorite.

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2 thoughts on “Chase Sapphire Preferred Credit Card

  1. Do you have to spend a certain amount of dollars every month/year? What about going for the bonus 40-50.000 miles with an initial $3-5,000 and then keeping it in a drawer or cancelling it after 23 months? Would there be any logic in doing that for a once-in-2-years trip? Thank you.

    1. You do not have to spend a certain amount every month/year. I do not keep it in the drawer. I have my landline, wireless, internet auto billed to this card so I get the 5 x points each month. Additionally, I will go into Staples or another office supply store to buy gift cards for places I shop like TJ Maxx, Amazon (other than 4th quarter when I use Chase Freedom card), Subway, Burger King, etc. I buy VISA gift cards as gifts for my mailman, newspaper carrier and for graduation gifts. You can cancel it 10 months till renewal time if you want to . You may not get the bonus award after 24 months after canceling it.

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