The Chase Sapphire Preferred(SM) Card, with its new double bonus offer, could be one of the best premium rewards credit cards available on the market right now. Issued by JPMorgan Chase (NYSE:JPM), this card gives you 50,000 bonus points after spending $3,000 in the first 3 months of account opening. These 50,000 points are twice as many points as the old promotion, and are worth $625 in travel credit – redeemable for two flights, worth up to $312.50 each. This is definitely one of the largest bonus offers available in the credit card market right now. You must have good to excellent credit to qualify for this card.
Here are the main highlights of the Chase Sapphire Preferred(SM) Card
You will receive 50,000 bonus points when you sign up for Chase Sapphire Preferred(SM) Card and spend $3,000 within the first 3 months (including purchases or balance transfers to this card). These points can be redeemed for two flights worth $312.50 each when booked through Chase’s Ultimate Rewards site.
The Chase Sapphire Preferred(SM) Card offers great flexibility. You can redeem your points for cash back, gift cards, merchandise, and many more options other than travel. Travel can be redeemed through Chase’s Ultimate Rewards site or you can use your card to get your flight or hotel from anywhere else, and get redeem your points as a statement credit. Or you can purchase anything with your card and pay for it with your points. Your points will go 25% further if you book your hotel and travel through the Ultimate Rewards website.
Just like the Chase Sapphire Preferred(SM) Card, you will earn 1 point for every $1 you spend on the card, 2 points for every $1 you spend on purchasing air tickets through Chase’s Ultimate Rewards Mall, and up to 10 points for every $1 you spend on shopping in their online mall.
Benefits Only Found In Chase Sapphire Preferred(SM) Card
Points are worth 25% more when you buy air tickets or hotel accommodations through Chase’s Ultimate Rewards. You will also earn a 7% Annual Points Dividend on all your earned points each year, even if you have already redeemed those points.
There’s no foreign transaction fee when you use this card on purchases made outside the U.S., so this card will save you on unnecessary fees when you shop in a different currency. You can also choose to transfer your points to major frequent flyer or hotel programs at a 1:1 value.
The annual fee of $95 is waived for the first year, so you get to enjoy the benefits of this card for free for the first year.
