Each point earned with this card is worth one cent in cash back. Because the card has a 1.25x rate when redeeming for flights and other travel arrangements through Chase Ultimate Rewards®, using points for travel increases their value. Those 80,000 bonus points are therefore worth $1,000 in airline tickets, hotel reservations, or car rentals.
With summer quickly approaching, this could be an excellent option for anyone looking for a new travel credit card. Because of its great value and many travel advantages, the Chase Sapphire Preferred® is one of Money’s selections for best travel credit cards.
The card has a modest annual fee of $95, and it comes with a yearly $50 hotel statement credit and a suite of insurance coverage for your travels, including trip cancellation and interruption insurance, flight delay reimbursement, baggage delay insurance, and, very uncommon in its category, primary rental car insurance.
There’s also the option of transferring the bonus to any of Chase’s airline or hotel partners, so you may utilize it to make travel more affordable and comfortable.
When it comes to day-to-day spending, cardholders earn 3x points on dining, online grocery shopping and select streaming services, as well as 1x point per $1 on all other purchases. There’s also a 10% point bonus each account anniversary, which offers an extra 10% of the year’s overall expenses in points.
Even after the bonus, the card will continue to earn points and offer excellent travel benefits for all your upcoming trips.
