The Chase Sapphire Preferred was a game-changing credit card when it launched in 2009 and, nearly a decade later, it remains a great card for those starting their points and miles journeys.

Here are some of the reasons or benefits we still love the Chase Sapphire Preferred.

1. 60,000 Point Welcome Bonus

When you sign up for the Chase Sapphire Preferred and spend $4,000 in the first three months, you’ll earn 60,000 Ultimate Rewards points – that’s worth at least $750 in travel through the Chase travel portal.

The welcome bonus could be worth much more if you transfer those points to airline or hotel partners (more on that in a moment!).

Chase Sapphire Preferred

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

2. No Foreign Transaction Fee

Many credit cards charge a 3% foreign transaction fee when making purchases outside the United States. The Chase Sapphire Preferred doesn’t charge this fee, which can save you a significant amount of money when you travel abroad.

3. Earn 2X Ultimate Rewards points on travel and dining

benefits of chase sapphire preferred credit card
The Chase Sapphire Preferred isn’t the only credit card that offers a bonus in these areas, but Chase has perhaps the most generous definition of travel: “Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.”

Even if you aren’t a  frequent traveler, dining and travel expenses are often some of our most significant budget categories, so it’s great to have a credit card that offers bonus points. The Chase Sapphire Preferred isn’t the only credit card that offers a bonus in these areas, but Chase has perhaps the most generous definition of travel:

“Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.”

Between travel and restaurants, you can easily find yourself earning double points on almost all of your purchases when you’re exploring the world, and plenty of purchases at home.

4. Transfer Ultimate Rewards To Travel Partners

Ultimate Rewards points are some of the most useful credit card rewards due to the number of options Chase provides for travel redemptions.

You can transfer Ultimate Rewards points to nine airline mileage programs:


And three hotel rewards programs:

Unlike some other rewards programs, Ultimate Rewards points transfer at a 1:1 ratio to all of its travel partners.

These airlines have their own partners for award redemptions, so you can use your Ultimate Rewards points to travel on most major airlines. For example, you can:

  • Use British Airways Avios or Singapore KrisFlyer miles to fly Alaska Airlines
  • Use Air France-KLM Flying Blue or Virgin Atlantic Flying Club miles to fly Delta
  • Use United MileagePlus or Singapore KrisFlyer miles to fly EVA Air

5. Points are worth 1.25 cents each in the travel portal

If transferring points to an airline or hotel partner don’t meet your needs – no award space, partners can’t book what you need, etc. – don’t lose hope. The Chase Sapphire Preferred allows you to use your Ultimate Rewards points like cash to book flights and hotels directly – as well as rental cars, activities, and cruises.

When used this way, one Ultimate Rewards point is worth 1.25 cents ($0.0125) – so, 10,000 points are worth $125. Booking through the Ultimate Rewards portal means no blackout dates – if it’s available with cash, you can book it with your points – and for airline tickets, you’ll even earn miles with your preferred airline program!

Chase Sapphire Preferred

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

6. Travel and Purchase Protection Benefits

The Chase Sapphire Preferred isn’t just a great card to use for travel because of the 2X bonus categories, it also comes with a host of insurance policies that can help you in case travel doesn’t go as expected.

chase sapphire preferred car rental insurance
The Chase Sapphire Preferred isn’t just a great card to use for travel because of the 2X bonus categories, it also comes with a host of insurance policies that can help you in case travel doesn’t go as expected.

Here are a few of our favorites:

  • Primary Car Rental Insurance means you can decline overpriced insurance policies at the car rental counter and still be protected in case of loss, theft, or damage – without having to worry about your own car insurance rates going up (or not having insurance, if you don’t have a car).
  • Trip Interruption & Cancellation Protection will reimburse you for non-refundable travel costs if your plans change due to covered reasons like sickness or severe weather.
  • Trip Delay Protection provides up to $500 in coverage for expenses like meals and lodging if your travel is delayed more than 12 hours or requires an unexpected overnight stay.
  • Baggage Delay Insurance & Lost Luggage Reimbursement will help you cover necessary expenses if your bags are delayed more than six hours ($100/day up to $500), or replace your belongings (up to $3000) if your luggage never makes its way back to you.
  • Purchase Protection will reimburse you for new items damaged or stolen within 120 days of purchase.
  • Extended Warranty Protection adds an extra year to your manufacturer’s warranty coverage for new purchases with warranties of 3 years or less.

Just make sure you read the terms and conditions of these perks in your benefits guide so you aren’t surprised by any exclusions.

7. Pair with other Chase cards to earn more points

The Chase Freedom, Chase Freedom Unlimited, Chase Ink Business Cash, and Chase Ink Business Unlimited are all cards with no annual fees that Chase advertises as cashback cards. However, when paired with the Chase Sapphire Preferred, the points you earn can be fully functioning Ultimate Rewards points.

Chase Freedom

$150 cash bonus after $500 spend in 3 months

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Chase Ink Business Cash

$500 bonus cash back after you spend $3,000 in 3 months

Learn more

Why would you want to do this?

Well, the Freedom and Ink Business Cash earn 5X points per dollar in specific categories, while the Freedom Unlimited and Ink Business Unlimited earn 1.5X points per dollar on all purchases.

If you hold one of these cards, you can move the points over to your Chase Sapphire Preferred and then use them just like the points you earn with your Chase Sapphire Preferred card: transfer them to an airline or hotel partner or redeem them for travel through the Chase travel portal at 1.25 cents per point.

Bottom Line

The Chase Sapphire Preferred is a great card for people who travel a few times a year and/or have significant commuting and dining expenses at home, or who use another Ultimate Rewards card for everyday or business expenses and want to get more value out of their points.

It’s not a wonder many consider this THE starter card for those getting into points and miles.

Chase Sapphire Preferred

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Learn more

Disclosure: 10xTravel has partnered with CardRatings for our coverage of credit card products. 10xTravel and CardRatings may receive a commission from card issuers.

Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities. You can read our advertiser disclosure here.


About the Author

Bryce Conway is the Founder of 10xTravel.com and Author of Takeoff: How to Travel the World for Next to Nothing and How to Fix Your Credit: Do it Once. Do it Right. Get on with Your Life. Bryce’s work has been featured in multiple national media outlets including Good Morning America, Money Magazine, and ABC Nightline News. Bryce created 10xTravel in 2014 and has been hanging out in the points and miles community since 2011....

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6 Responses to “7 Reasons to Get the Chase Sapphire Preferred (Including a $750+ Bonus)”


Many people drive to work every day instead of a fantasy life of traveling every week. Citi premier has the same 1.25x bonus on travel spending but you get 3x on travel vs sapphire’s 2x PLUS 3X on gas and 2x on Entertainment. Citi’s 2x double cash card beats Chase’s 1.5x freedom unlimited card. Citi’s partners work for me as I don’t particularly care about transferring points to hotels. This site way overvalues points for the chase ultimate rewards (and Citi admittedly) as I don’t normally fly first class or eat $900 breakfasts in Tokyo. Chase Sapphire does give you primary rental coverage and has the chase freedom for seasonal 5x bonus. But for me, this doesn’t trump Citi’s advantages and I’m finding it hard to justify two annual fees. This is why I’ll be dropping Sapphire when my annual fee comes up.

Bryce Conway

That’s fine that this situation works for you, but it’s not common and overall CSP is a better card for the average person.

Gas is such a trap for people in this hobby. They assume that it’s a huge spending category (because many people pay close attention to gas costs), but I would be willing to bet that the average person spends as much on coffee as they do gas.

Do what’s best for you. But don’t assume that’s what is best for everyone else.

That is kind of my point. By valuing Chase ultimate rewards at 2 cents and Citi Thankyou points at 1.7 cents, you are assuming that everyone transfers points to first class. Even if you do these inflated values, Chase ultimate rewards would be worth 2x travel multiplied by 2 which gets you to 4.0% back. Citi would be worth 3x travel multiplied by 1.7 which gets you to 5.1% back. 5.1% back is significantly better than 4.0% back. This does not even count the 10% back in points I get when redeeming Citi points just by having the no fee Citi Rewards card in my sock drawer.

I love this blog and the advice I’ve taken from it but your comment above does show how out of touch you may be with the average American worker. A quick google shows that this is not true. Yeah, the person who air travels every week and sips lattes everywhere will pay more in coffee than in gas, but if you drive to work, that’s patently not true for the average commuter.

Bryce Conway

I’m not, and it seems that your only mission here is to push a worldview that is clearly clouding your judgement. Being a “commuter” has really nothing to do with credit cards. This is a numbers name, do the math and you’re going to come to the same answer as me. You don’t spend as much on gas as you think you do, especially when compared to other expense categories.

You don’t have to be rich to use points to fly in first class. This is the entire point of everything we do at 10xTravel. Wanting to use your points for aspirational uses does not make one out of touch, its one of the primary goals of most who read this blog.


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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