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As I told you to expect last week, the spending requirement to earn a signup bonus with the Chase Sapphire Preferred Card has gone up — but fortunately not by much, just from $3000 within 3 months of account opening to $4000. No other changes have been made at this time.
Fortunately that leaves the Chase Sapphire Preferred Card as the best all-around, most rewarding personal credit card.
It has one of the best signup bonuses, has strong benefits, and is a great card that rewards ongoing spending (because it has flexible points that transfer to a variety of airlines and hotels, and because it earns double points on all travel and dining).
- Bonus: 40,000 points after $4000 in spending within 3 months plus 5000 more points for adding a free authorized user to the account and making a purchase within that same time frame
- Valuable points: Chase points are among the two best currencies of any loyalty program. They transfer to United, British Airways, Singapore Airlines, Korean Air, Hyatt, Marriott, and more.
- Strong earning: Double points on travel and dining, useful all over the world with no foreign transaction fees, and Visa acceptance.
- Good benefits: Like primary collision damage coverage on rental cars.
The Chase Sapphire Preferred Card in my view continues to be the all-around most lucrative credit card in the market as it has been for the past 3 years. There’s no annual fee the first year, then it has a $95 annual fee.
Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either.