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Ever since I started talking to my family and friends about how I learned to maximize Credit Card points and frequent flyer miles to travel for little to no money; I usually get asked the question, which credit card should I get? Now there are a ton of amazing credit cards out there but one that has been consistently at the top of the best cards list, is the Chase Sapphire Preferred.

That doesn’t necessarily mean it is the best card, but it is definetly one I recommend if you’re starting out.

chase sapphire preferred

 

Here are 5 reasons to get the Chase Sapphire Preferred.

50,000 Sing up Bonus points

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening – that’s $625 towards airfare or hotels when you redeem through Chase Ultimate Rewards®
  • You can also earn additional 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.

2X points on Dining and Travel

  • This is great for earning bonus points on probably the largest spend categories. What’s also great is that Chase doesn’t restrict the dining bonus spend to US restaurants only like some other cards. You can earn the 2x points dining bonus on restaurants anywhere in the world. In addition to that, Chase’s definition of travel expenses is very broad. You can earn 2x points on Uber, taxi, tolls and parking spend.

1:1 point transfer to partners

  • Chase has great travel transfer partners where you can transfer points at a 1:1 ratio. These partners are:
    • British Airways Executive Club
    • Korean Air SKYPASS
    • Singapore Airlines KrisFlyer
    • Southwest Airlines Rapid Rewards®
    • United MileagePlus®
    • Virgin Atlantic Flying Club
    • Hyatt Gold Passport®
    • IHG® Rewards Club
    • Marriott Rewards®
    • The Ritz-Carlton Rewards®

Waived First Year Annual Fee

  • The Chase Sapphire Preferred card has a $95 annual fee which is very reasonable for the amount of benefits it provides. However, the fee is waived for the first year. This gives you a full year to use the card to it’s fullest potential before you decide if you want to keep it and pay for it.

No Foreign Transaction Fee

  • The sign up bonus alone on this card can get you an international roundtrip flight. It’s nice to take this card with you to use abroad and earn the 2x bonus points on dining and travel without having to pay foreign transaction fees.

Keep in mind

The main reason why I not only recommend this card generally, but also to get this card first when you’re starting out in this hobby; is the 5/24 rule. This rule from Chase, basically means that; Chase generally doesn’t approve people for certain credit cards if they’ve applied for more than five credit cards in the past 24 months– That’s what we call the Chase 5/24 rule. So if you are planning on getting in the hobby of applying for credit cards to earn the sing-up bonuses and maximize the points you earn, the Chase Sapphire Preferred should be first on your list.

 

Are you planning on applying for the Chase Sapphire Preferred?

If you have any questions comment below or tweet me @pointspointers or email me at pointspointers@gmail.com

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