Chase Sapphire Preferred Review

Alex

The Chase Sapphire Preferred is my personal favorite credit card and one that I will always have. I love the points I earn on this card (Chase Ultimate Rewards) because I can transfer them to a variety of hotel and airline partners. We have used these points for some amazing stays at Hyatt hotels (my favorite Chase transfer partner) like the Hyatt Ziva and Zilara in Cancun, Hyatt Residence Club in Maui, the Hotel Grand Victoria in Lake Como, Italy, and more. Besides hotel stays, I have also used these points to book flights on United Airlines, Emirates, Iberia, and have also booked in the Chase Ultimate Rewards travel portal a few times. I love that there are so many ways I can use these points!

This is the card we recommend the most for people. One reason is the great, easy-to-use transfer partners. Another reason we recommend that this be one of the first cards people get is because of the Chase 5/24 rule. This is an unwritten rule where Chase will not approve you for any of their cards if you have opened 5 or more cards from any bank within a 24 month period.

Welcome Offer

Nothing increases your bonus/points balance quicker than welcome offers. The Chase Sapphire Preferred has a welcome bonus of 60,000 Ultimate Rewards after a $4,000 minimum spend in 3 months.  After meeting the minimum spend we recommend that you refer your spouse or partner to their own card. Then you can combine your points together into one account.

Learn How to Apply: Click here

 

Transfer Partners

Chase Ultimate Rewards are transferable points, which means you can transfer your points directly to your loyalty account with any of the partners below:

  • Aer Lingus
  • British Airways
  • Emirates
  • Flying Blue (KLM/Air France)
  • Hyatt
  • Iberia
  • IHG
  • JetBlue
  • Marriott
  • Ritz-Carlton
  • Singapore Airlines
  • Southwest
  • United
  • Virgin Atlantic

Your points transfer to any of these partners at a 1:1 ratio and all transfers except for Marriott and Singapore Airlines should happen instantaneously. (Marriott is usually 39 hours and Singapore is usually the same day but can take up to 2). One thing to note is transfers are one-way only so make sure you find availability before you transfer your points.

You can use the points from your Chase Sapphire Preferred to book free nights at the Hyatt Regency in Maui

 

Card Benefits

The Chase Sapphire Preferred has some nice benefits that come with it that definitely take the sting out of the $95 annual fee.

  • Earn 5x points travel booked in the Chase travel portal
  • Earn 3x points on dining and takeout
  • Earn 3x points on select streaming services (Apple Music, Disney+, ESPN, Fubo TV, Hulu, Netflix, Pandora, Sirius XM, Sling, Spotify, Vudu, and YouTube TV)
  • Earn 3x points on online grocery purchases (not including Target, Walmart, and grocery clubs)
  • Earn 2x points on travel booked outside of the Chase travel portal
  • Earn 1x points on all other purchases
  • $50 annual hotel credit on hotels purchased with Ultimate Rewards. (New cardmembers get this immediately, existing cardmembers will get it after their next account anniversary.)
  • 10% bonus on Ultimate Rewards points earned on your total spending amount when you renew your card and pay the annual fee each year

 

Other Benefits

  • Primary Auto Rental Collision Damage – this is huge as most offer only secondary insurance coverage.
  • No foreign transaction fees
  • Baggage delay insurance, trip delay, and interruption insurance
  • 24/7 access to customer service
  • Zero liability protection

 

It is important to remember that you need to use your card to pay for at least the taxes on an award flight to have these items covered. I got a check in the mail to pay for a stroller the airline had damaged after submitting a claim because I had paid the taxes on my award flight with my Chase Sapphire Preferred.

 

Bottom Line

We both love the Chase Sapphire Preferred and have gotten so much great travel out of having this card. It is a great option because of the great transfer partners available and the nice card benefits. We recommend that this be one of your first cards, not just because it’s a great card, but also because of the Chase 5/24 rule.

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