By: Julie Szpira
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For those who are new to the points and miles game, “Where do I start?” is probably the common question we hear. Once you’ve read our free e-book for beginners, you may still be left wondering how everything works.
As you might expect, there’s a bit of a learning curve to understanding the process of applying for credit cards, meeting minimum spends, earning sign-up bonuses and redeeming points for some fun travel experiences. Like anything else, this all becomes much easier as you learn more.
Unfortunately, “you’ll learn more as you go” doesn’t answer your question about where to start. So, to help you start off on the right foot, I’ll tell you the best place to start.
Get the Chase Sapphire Preferred Card.
Valuable Sign-Up Bonus, Waived Annual Fee
Each month, the 10xTravel staff discusses the current best credit card offers, and the Chase Sapphire Preferred Card has had a stronghold at our top spot for a number of months.
The current offer terms are:
- 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
- 5,000 bonus points when you add an authorized user and make a purchase in the first 3 months
- 2X points per $1 spent on dining and travel, 1X point per $1 on all other purchases
- Trip delay insurance
- Primary rental car insurance
- $95 annual fee, waived the first year
The Chase Sapphire Preferred Card also earns Chase Ultimate Rewards points, which can be redeemed through the Chase Ultimate Rewards portal for 1.25 cents per point, or transferred 1:1 to travel partners such as United Airlines or Hyatt.
The current sign-up bonus offer is 50,000 Ultimate Rewards points after meeting the minimum spend. Additionally, the Chase Sapphire Preferred Card also provides 5,000 bonus points for adding an authorized user, bringing your total bonus points to 55,000 points just for hitting the minimum spend and adding an authorized user. To top it off, the annual fee is waived for your first year with the card.
Using the 1.25 cent per point valuation through the Chase Ultimate Rewards travel portal, this bonus is the equivalent of $687.50 to spend on travel. If you’re strategic in your use of the points, you can get even more value out of those 55,000 points by transferring the points to one of the airline or hotel transfer partners.