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Key Link: Chase Sapphire Preferred Card
My single favorite card for earning valuable rewards points currently has its best-ever public offer of 50,000 points as a signup bonus. And it comes with an additional 5000 bonus points after you add the first authorized user to your account and make a purchase in the first 3 months from account opening.
There was a brief targeted test of 50,000 points with a higher annual fee two years ago. For the most part we haven’t seen an offer like this for the card since March 2012. (And that was without the 5000 extra points.)
I’ve been a fan of the Chase Sapphire Preferred Card as an important tool for frequent flyers since 2011 because:
- It earns one of the most valuable points currencies, which transfer to a variety of airlines (including in all 3 major airline alliances) and hotels.
- It earns points quickly, with double points on both travel and dining (what travelers tend to spend on most).
It seems that Chase has only wants to approve this card for new customers that haven’t applied for 5 new cards in the past two years. The advice then is to prioritize getting a Chase Sapphire Preferred Card before you apply for other cards.
Here are my 10 favorite things about the Chase Sapphire Preferred Card.
- 50,000 Point Signup Bonus
At 50,000 bonus points after $4000 in spending within 3 months, it has a very rich signup bonus. Get that bonus now, we haven’t seen a broadly available 50,000 point offer for this card in almost four years. And this one even lets you earn 5000 more points for adding an authorized user and making a purchase in the first 3 months from account opening.
Since the first year fee is $0 and then $95 thereafter, too, this is best broadly available offer we’ve ever seen for the Chase Sapphire Preferred Card in over 4 1/2 years.
- Double Points on All Travel and Dining
That’s what most of my spend is, especially reimbursable spend — not just air and not just hotels, but both and cars and taxis and tolls, plus meals on the road.
- Ultimate Rewards Mall
Additional points for your online shopping through access to the Chase Ultimate Rewards mall, a mileage-earning shopping portal that often has the most lucrative opportunities to earn extra points for the online purchases you’d make anyway.
- Primary Rental Collision Coverage
If you rent a car with this card you don’t just earn double points (for travel) but get extra protection. Most premium cards offer secondary collision coverage, they pay what your insurance doesn’t (which usually means they cover your deductible). With Sapphire Preferred’s primary coverage, rental a qualifying vehicle and charge it to the card and your insurance company may not even need to know…
- Trip Delay Coverage
Buy airline tickets with the card and if you’re delayed 12 hours or overnight you can get reimbused for hotel costs and meals.
You must be on a round trip ticket (trip not to exceed a year) and have charged at least a portion of your ticket to the card.
The $500 benefit applies to each spouse or dependent (under age 22) that’s delayed whose ticket you charged to the card.
Since you only have to charge a portion of a ticket to the card, coverage applies even to award travel thus it’s best to pay award ticket taxes with a Sapphire Preferred Card (and not just for the double points on airfare).
- The Card Has a Great Look and Feel
This isn’t a reason to get a card but it’s a sleek card, heavier than what you’re used to and without any raised numbers (and in fact, no numbers on the front of the card). Lucky called it “the poor man’s Centurion card.”
Milepoint member AndyAndy decided downgrade his Chase Sapphire Preferred card to a regular Sapphire card with no fee (no longer available). He tried to dispose of the card himself. With a blow torch.
- Transfers to Airlines in Each Alliance and More
These points transfer to United, Korean, Singapore Airlines, British Airways, Virgin Atlantic and Southwest. Here are the 9 Best Uses of Chase Points.
United gets you Star Alliance availability to Europe and Asia and no fuel surcharges. British Airways gets you cheap short-distance non-stop awards.
You get access to Skyteam award space through Korean Air which has some very favorable awards — like some of the cheapest awards to Hawaii and 80,000 mile business class roundtrips to Europe (plus fuel surcharges).
You also get the ability to redeem for international first class through Korean and not just business class, something Delta doesn’t allow.
And transfers to Singapore are exceptionally useful because using Singapore Airlines miles you get much better availability redeeming for Singapore business and first class flights than what’s offered to their partner airline members.
- Transfers to Several Hotel Chains
Hyatt is the best value, but points transfer to Marriott, Ritz-Carlton, and IHG Rewards Club..
Bedroom of suite at Grand Hyatt Kuala Lumpur
- Visa acceptance
The card is a Visa, while many other valuable cards are American Express, and that means you can use it pretty much everywhere (soon even Costco).
- Past cardmembers are welcome back
If you’ve had the Chase Sapphire Preferred Card before and don’t any longer, you’re eligible to apply again and still receive a bonus provided it’s been 24 months since you last received the bonus.
If you do not currently have the Chase Sapphire Preferred Card, consider getting it — with 50,000 points as a signup bonus and a $0 annual fee the first year ($95 thereafter), there hasn’t been as good a time to do so in a very long time.
Key Link: Chase Sapphire Preferred Card