4 reasons to apply for the Chase Sapphire Preferred Card now, beyond a record-high welcome bonus

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 Summary List Placement
The Chase Sapphire Preferred® Card is currently offering 80,000 points after you spend $4,000 in the first three months of account opening.
The bonus is worth up to $1,000 in travel booked through Chase or through Pay Yourself Back.
The Sapphire Preferred also comes with great travel benefits like primary car rental insurance.
Read Insider’s guide to the best rewards credit cards.

The Chase Sapphire Preferred® Cardwelcome offer is currently a massive 80,000 points after spending $4,000 in the first three months of having the card. That’s an excellent bonus, and because the card earns flexible Chase Ultimate Rewards points, you’ve got multiple options for redemption.

You don’t have to use your points for travel, either. If you’re not ready to hit the road yet, you can turn your points into cash back, gift cards, or merchandise — or even redeem them for eligible everyday purchases through Pay Yourself Back.

Here are four reasons why you should apply for the Chase Sapphire Preferred® Card now.

 Chase Sapphire Preferred® CardThe Chase Sapphire Preferred’s 80,000 points are worth up to $1,000

We’ll start with the biggest reason to apply, and that is the 80,000 points that you’ll get after spending at least $4,000 on purchases in the first three months of having the Chase Sapphire Preferred® Card.

Read more: Chase Sapphire Preferred card review

If you redeem them for statement credits, 80,000 points are worth Sapphire Preferred Update . But if you redeem through the Chase Ultimate Rewards Travel Portal, you get a 25% bonus, making your 80,000 points worth $1,000. You can also use Chase’s Pay Yourself Back feature, allowing you to also get the 25% bonus when you redeem points toward purchases made at grocery stores, dining, home improvement stores, and eligible charities through September 30, 2021.

Beyond the sign-up bonus, the Chase Sapphire Preferred® Card earns:

5 points per dollar on Lyft rides through March 2022
5 points per dollar on Peloton Bike, Trad, and accessory purchases over $1,800 (with a maximum earning of 25,000 points) through March 2022
2 points per dollar on travel
2 points per dollar on dining
1 point per dollar on all other purchases

You’ll have access to Chase’s valuable transfer partners

Transferring your Ultimate Rewards points to Chase’s hotel and airline partners can be one of the highest-value ways to redeem your Chase points. Chase currently has 10 airline and three hotel partners, and they all transfer at a ratio of 1:1.

Chase Ultimate Rewards transfer partners

Aer Lingus AerClub
Air France-KLM Flying Blue
British Airways Executive Club
Emirates Skywards
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club
IHG Rewards Club
Marriott Bonvoy
World of Hyatt

That means that 1 Ultimate Rewards point will turn into 1 airline mile or hotel point. It’s possible to get 2 cents per point worth of …read more

Source:: Business Insider


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