The Chase Sapphire Preferred Card Now Has A Record-High Bonus

The Chase Sapphire Preferred Card Now Has A Record-High Bonus

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The Chase Sapphire Preferred Card is quite possibly one of the most popular credit cards for people just starting to dip their toes into travel rewards. And rightfully so. The Sapphire Preferred offers a low annual fee, bonus categories, flexible redemption options and many other perks.

And yet, there are several other reasons you might not be aware of to consider the Sapphire Preferred, including a historic sign-up bonus that was just announced for new card holders. Let’s look at six benefits of the Chase Sapphire Preferred to see why this card may deserve a place in your wallet.

Hyatt

Use your points to take a vacation at the Grand Hyatt Baha Mar in the Bahamas.

The Chase Sapphire Preferred is currently offering 100,000 bonus points after you spend $4,000 in purchases in the first three months after opening the account. That’s the highest sign-up bonus we’ve ever seen on the Sapphire Preferred, and it’s also the highest sign-up bonus of any personal Chase Ultimate Rewards credit card right now.

There’s so much you can do with those points. For example, you could redeem the 100,000 points for a five-night stay at the luxurious Grand Hyatt Baha Mar in the Bahamas. Or, if you’d prefer to use your points for air travel, 100,000 points can score you a round-trip ticket to Europe on United once international travel resumes, and you’d still have points left over.

Best of all, if you’re hesitant about traveling anytime soon, points earned with the Sapphire Preferred never expire as long as you keep any Chase Ultimate Rewards credit card open — even one of the cards that charge no annual fee. So you can always save up your points now for a badly needed vacation down the road.

Click here to apply for the Chase Sapphire Preferred with a record-high 100,000-point bonus.

If you’re not traveling again just yet, you can still use the points from this card for a number of other purchases you’re likely making at home right now, and at a great redemption rate too.

Now through September 30, 2021, Chase Sapphire Preferred card holders get 1.25 cents per point when redeeming points via the card’s “Pay Yourself Back” tool. The tool allows you to use points to pay for purchases you make at grocery stores, dining establishments (including delivery and takeout orders) and home improvement stores.

You’ll also get 1.25 cents per point when redeeming them for travel via Chase’s travel portal. That means regardless of whether you redeem your Sapphire Preferred points for travel or one of the “Pay Yourself Back” categories, the 100,000 points you earn from the sign-up bonus are worth at least $1,250.

One of the best aspects of the Chase Sapphire Preferred is getting the ability to transfer your points to any of the 13 airline and hotel loyalty programs that are partners with Chase Ultimate Rewards.

Airlines Hotels Aer Lingus AerClub JetBlue TrueBlue World of Hyatt Air France-KLM Flying Blue Singapore Airlines KrisFlyer IHG Rewards Club British Airways Executive Club Southwest Rapid Rewards Marriott Bonvoy Emirates Skywards United MileagePlus Iberia Plus Virgin Atlantic Flying Club Points transfer from the Sapphire Preferred to all of these programs at a 1-to-1 ratio, meaning for every 1,000 points you transfer, you’ll get 1,000 points or miles in the airline or hotel program.

While transferring points and utilizing a partner program takes some time and research, it allows you to get potentially much more value for your points by booking luxury travel such as first or business class flights, or a resort stay in an exotic destination.

Now, if you prefer simplicity when booking your travel itineraries, you may prefer to redeem your points directly through Chase’s travel portal and get 1.25 cents apiece. While this is less value than what you can potentially get by transferring points to partners, for many, it’s an easier way to use your points.

But if you’re willing to strategize a bit and be flexible, you can come up with some pretty amazing travel itineraries by transferring points to a partner program.

Start earning points to fly in first class with the Chase Sapphire Preferred.

The Chase Sapphire Preferred earns 2 points for every dollar you spend on dining and travel, and 1 point per dollar on all other purchases. With travel resuming more broadly and restaurant restrictions already lifted in many areas, earning twice as many points in these two categories is very useful. Plus, many food delivery services also count as “dining” on the CSP.

And the Chase Sapphire Preferred has another limited-time perk. Now through December 31, 2021, Sapphire Preferred card holders get up to $60 in statement credits on Peloton Digital and All-Access memberships. Just make your Sapphire Preferred the default payment method in your Peloton profile and you’ll see the credits appear a few days after your membership is charged.

Chase

Combine points from the Chase Sapphire Preferred with other Chase Ultimate Rewards credit cards.

The Chase Sapphire Preferred is one of several credit cards that are part of the Chase Ultimate Rewards points program, and if

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