|

How to Maximize Chase Sapphire Preferred Card In 2024 – A Comprehensive Guide

Ready to turn your everyday spending into a treasure trove of travel rewards and perks? Feast your eyes on the Chase Sapphire Preferred card! With benefits so enticing, you’ll wonder how you ever lived without it. In this comprehensive guide, we’ll show you how to maximize Chase Sapphire Preferred value in 2023, from racking up the welcome bonus to combining with other Chase cards for maximum rewards.

So, buckle up and prepare for takeoff as we explore the ins and outs of the Chase Sapphire Preferred card and reveal the secrets to unlocking its full potential, including “how to maximize Chase Sapphire Preferred” strategies.

Key Takeaways

  • The Chase Sapphire Preferred card offers a variety of rewards, bonuses & no foreign transaction fees, perfect for the frequent traveler and foodie!
  • Maximize your welcome bonus, points earnings on everyday purchases, dining rewards & travel perks with this ultimate credit card.
  • Get primary rental car coverage plus anniversary hotel credits and DashPass membership to make the most out of your travels!

Chase Sapphire Preferred

  • 5X on travel booked through Chase Ultimate Rewards
  • 3X on dining, select streaming services, and online grocery purchases (excluding Walmart, Target, and wholesale clubs)
  • 2X points per dollar on all other travel purchases
  • 1X point per dollar on everything else
  • 60,000 bonus points
    – After spending $4,000 on purchases in the first 3 months from account opening.
  • High Bonus Offer
  • Good bonus on every day purchases category
  • Flexible rewards redemption
  • $50 annual hotel credit
  • A 25% bonus when redeeming points for travel through the Chase travel portal
  • 10% anniversary points bonus points
  • No foreign transaction fees
  • $95 annual fee
  • Complicated rewords
  • Requires good/excellent credit score
  • Hefty APR

Chase Sapphire Preferred card overview

If you’re looking for a credit card that rewards you for living the good life, look no further than the Chase Sapphire Preferred card. With its impressive benefits and rewards, this card is a traveler’s dream come true. Here are some of the key features:

Purchase Category Points Earned per Dollar
Travel (via Chase Ultimate Rewards) 5 points
Dining, Streaming, Online Groceries *(exceptions apply) 3 points
Other Travel 2 points
Everything Else 1 point

*Note: Online grocery exceptions include Walmart, Target, and wholesale clubs.

  • Earn 5 points per dollar on travel booked through Chase Ultimate Rewards
  • Receive 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target, and wholesale clubs)
  • Get 2 points per dollar on all other travel purchases
  • Earn 1 point per dollar on everything else

The Chase Sapphire Preferred card offers:

  • A variety of ways to earn and redeem Chase points, including transfers to airline and hotel partners
  • A 25% bonus when redeeming points for travel through the Chase travel portal
  • 10% anniversary points bonus points
  • No foreign transaction fees
  • A generous welcome bonus

Globetrotters will find this card hard to resist.

Pros and Cons

The Chase Sapphire Preferred card is a dominating player in the world of rewards credit cards. However, like everything else, it’s important to consider its advantages and disadvantages. On the bright side, the card boasts:

  • A generous welcome bonus
  • Bonus points on everyday purchases
  • A variety of travel and dining rewards
  • Anniversary hotel credits
  • DashPass membership
  • Primary rental car coverage

The perks don’t stop there – you’ll also enjoy a variety of other benefits.

On the downside, the card comes with a hefty annual fee and an equally hefty APR, so it may not be the best fit for everyone. But if you can make the most of the rewards and benefits, the Chase Sapphire Preferred card could be your ticket to a world of unforgettable experiences.

Who should get Chase Sapphire Preferred? (or should not?)

a credit card and some questions

The Chase Sapphire Preferred card is perfect for those with a strong credit score and an appetite for travel and dining adventures.

If you’re the type who loves exploring new destinations and savoring local cuisine, this card will reward you handsomely for your wanderlust.

Plus, with its extensive list of travel protections, you’ll have peace of mind wherever your journey takes you.

But, if your travel or dining frequency doesn’t justify the card’s annual fee, it might be worthwhile to investigate other credit cards that more closely match your expenditure patterns and lifestyle.

The True Cost of Sapphire Preferred: $95 Fee or Just $45?

The Chase Sapphire Preferred comes with a $95 annual fee

But throw in that $50 hotel credit, and what’s your real out-of-pocket cost? Just $45!

 It’s like the card’s giving you a wink and a discount.

Maximizing the Welcome Bonus

CSP-welcom-bonus2023

One of the most enticing features of the Chase Sapphire Preferred card is its generous welcome bonus.

Currently, You can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening if you apply the Chase Sapphire Preferred clicking this button:

That’s equivalent to $750 toward travel when redeemed through Chase Ultimate Rewards! But how can you make the most of this fantastic offer?

Begin with a strategic spending plan to hit the $4,000 mark within the initial 3 months. Focus on essential expenses, such as bills, groceries, and everyday spending, rather than making unnecessary purchases just to reach the threshold.

And be sure to always pay off your balance in full each month to avoid interest charges.

Keep in mind that this is a one-time offer, so if you don’t meet the spending requirement, you’ll miss out on the bonus.

Here is my refer link, you can get 60K welcome bonus:

Responsible Credit Card Use

Despite the allure of splurging to secure the welcome bonus, responsible credit card use is of paramount importance.

Racking up debt for the sake of bonus points is not only financially risky but also counterproductive, as interest charges will likely offset any rewards you earn.

Adhere to your budget, spending only what you can comfortably afford to pay off each month. This way, you can enjoy the welcome bonus benefits without jeopardizing your financial stability.

Maximizing Points Earnings on Everyday Purchases

grocery shopping with credit card

Earning points on everyday purchases is a breeze with the Chase Sapphire Preferred card. You can earn points on:

  • Dining out
  • Booking travel
  • Streaming your favorite shows
  • Stocking up on groceries online

To maximize your earnings, make the Chase Sapphire Preferred your go-to card for these categories, ensuring you get the most points possible for your spending.

But don’t stop there! Be on the lookout for promotions and bonus offers that can help you earn even more points. For example, Chase periodically offers bonus points for shopping through their online portal or for using their card with specific merchants.

Stay in the know and take advantage of these opportunities to boost your points balance even further.

Dining Rewards

dinner, pay by credit card

When it comes to dining rewards, the Chase Sapphire Preferred card is a foodie’s best friend.

You’ll earn a mouthwatering 3 points per dollar spent on dining, including eligible delivery services and takeout. To make the most of this benefit, use your card for all your dining expenses, from date nights at fancy restaurants to late-night pizza deliveries.

And don’t forget to check for bonus points offers and dining discounts available through the Chase dining program, which can help you earn even more rewards while savoring your favorite dishes.

Travel Rewards

use a credit card to travel and hotels.

For the globetrotters out there, the Chase Sapphire Preferred card is your passport to amazing travel rewards.

You’ll earn 5x points on travel booked through Chase Ultimate Rewards and 2x points on all other travel purchases, from airfare and hotels to taxis and trains. To maximize your points earnings, use your card for all your travel expenses and book your trips through the Chase Ultimate Rewards portal.

And remember, with no foreign transaction fees, you can swipe your card with confidence, no matter where your adventures take you.

Streaming Services and Online Groceries

credit card and streaming services.

Don’t forget about the rewards you can earn on streaming services and online grocery purchases with the Chase Sapphire Preferred card! 

Earn triple points when you shop select streaming services:

  • Apple Music, Apple TV
  • Disney+, ESPN+,Hulu
  • Fubo TV,
  • Netflix
  • Pandora
  • Paramount+
  • Peacock
  • Showtime
  • SiriusXM
  • Sling
  • Spotify
  • YouTube Premium, YouTube TV
  •  Vudu

and, triple points online grocery purchases with the Chase Sapphire Preferred card! *Exclusions include Walmart, Target, and wholesale clubs.

To make the most of this benefit, consider using your card to pay for your favorite streaming subscriptions and your online grocery shopping.

Plus, keep an eye out for any bonus points or promotional offers that might be available for these categories.

Combining Chase Cards for Maximum Rewards

Chase Trifecta

Chase Trifecta

For a complete utilization of your Chase Sapphire Preferred card’s potential, contemplate combining it with other Chase cards like Chase Freedom Unlimited or Chase Freedom Flex that also enable you to earn Ultimate Rewards points. By combining cards, you can maximize your rewards earnings across different spending categories and redeem your points at the Sapphire Preferred’s higher value rate.

Transferring points between your Chase cards is a breeze – transfer points directly from one card to another, as long as you share the same billing address on your Chase accounts. Once you’ve combined your points, you can redeem them for travel, cash back, gift cards, and more, all at the Sapphire Preferred’s higher redemption rate.

This is how each r card works on each categories:

Earning Categories Chase Sapphire Preferred Chase Freedom Unlimited Chase Freedom Flex
Travel (through Chase Ultimate Rewards) 5x points 5% cash back 5% cash back
Dining 3x points 3% cash back 3% cash back
All Other Travel 2x points N/A N/A
Drugstore Purchases 1x points 3% cash back 3% cash back
Select Streaming Services 3x points N/A N/A
Online Grocery Purchases (excluding Walmart, Target, and wholesale clubs) 3x points N/A N/A
Bonus Categories (Quarterly) N/A N/A 5% cash back
Lyft Rides 5x points (until March 2025) 5% cash back (until March 2025) 5% cash back (until March 2025)
Everyday Purchases 1x points 1.5% cash back 1% cash back

Chase Freedom Unlimited Benefits

Pairing the Chase Freedom Unlimited card with your Chase Sapphire Preferred can supercharge your rewards earnings. The Freedom Unlimited card offers:

  • 1.5% cash back on all purchases
  • 5% cash back on travel purchases made through Chase Ultimate Rewards
  • 3% cash back on dining and drugstore purchases
  • 5% cash back on qualifying Lyft rides through March 2025

By transferring your cash back earned from the Freedom Unlimited card directly into your Chase Ultimate Rewards account, you can convert it into points and redeem at the Sapphire Preferred’s higher value rate.

Check our review of Chase Freedom Unlimited

Chase Freedom Flex Benefits

The Chase Freedom Flex card is another fantastic companion to the Chase Sapphire Preferred card. With the Freedom Flex, you’ll earn:

  • 5% cash back in bonus categories each quarter
  • 5% cash back on travel booked through Chase
  • 1% cash back on every purchase
  • An extra 1.5% cash back on everything you buy in the first year (up to $20,000 spent)

Plus, the card offers trip cancellation and interruption insurance, baggage delay insurance, as well as rental cars auto rental collision damage waiver.

Combine your Freedom Flex earnings with your Sapphire Preferred points to unlock even greater redemption possibilities and travel benefits.

Check our review of Chase Freedom Flex

Transferring Points to Airline and Hotel Partners

Credit card points are redeemed for Hotels and travel.

Another powerful way to maximize the value of your Chase Ultimate Rewards points is by transferring them to airline and hotel partners. With more than 10 airlines and three hotel brands to choose from, you can find some amazing redemptions that you won’t find anywhere else. Transferring points is a simple process – just transfer points directly from your Chase Sapphire Preferred card to the partner’s loyalty program, and you’ll be all set.

Before initiating a points transfer, it’s advisable to study your options and compare redemption values to secure the best possible deal. Some airline and hotel partners may offer better redemption rates or more availability, so take the time to explore your options and make an informed decision.

Airline Transfer Partners

When it comes to airline transfer partners, the Chase Sapphire Preferred card offers a world of possibilities. This is the list of airline transfer partners:

  • Aer Lingus, AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Emirates Skywards
  • Air France-KLM Flying Blue
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

By transferring your points to these partners, you can unlock even better redemption values and access exclusive rewards, like premium cabin flights and last-minute award tickets.

So, spread your wings and let your Chase Ultimate Rewards points take you to new heights!

Hotel Transfer Partners

Don’t forget about the fantastic hotel transfer partners available with the Chase Sapphire Preferred card! This is the hotel transfer partners:

  • IHG One Rewards
  • Marriott Bonvoy
  • World of Hyatt

Top hotel transfer partners include Hyatt, Air Canada, and JetBlue – the perfect trifecta for a five-star experience. Each partner offers its own unique perks, like Hyatt’s 25% bonus on point transfers, Air Canada’s 20% bonus, and JetBlue’s 5% bonus.

So, whether you’re planning a luxurious beach getaway or a cozy mountain retreat, your Chase Ultimate Rewards points can help turn your dream vacation into a reality.

Redeeming Points for Travel Through Chase Ultimate Rewards Portal

Credit card points are redeemed for Hotels and travel around the world.

For a simpler redemption of your Chase Ultimate Rewards points, the Chase Ultimate Rewards Travel Portal is your go-to platform. This portal allows you to:

  • Book flights
  • Book hotels
  • Rent cars
  • And more

You can do all of this directly with your points, without having to worry about transferring them to airline or hotel partners.

The best part?

When you redeem points for travel through the portal, you’ll get a 25% bonus in value, making each point worth 1.25 cents per point. That means 60,000 points are worth $750 toward travel, giving you even more bang for your buck with the cents per point value. Plus, with no blackout dates or travel restrictions, you can book your dream vacation whenever and wherever your heart desires.

Utilizing Chase Sapphire Preferred Benefits

Apart from earning points on your daily expenses, the Chase Sapphire Preferred card is loaded with a range of benefits that can enhance your travel experiences. From anniversary hotel credits and complimentary DashPass membership to primary rental car coverage, this card has you covered.

To get the most out of these benefits, be sure to familiarize yourself with the terms and conditions and use your card for all eligible purchases. By doing so, you’ll not only maximize your rewards earnings but also enjoy a range of perks that can enhance your travel and dining experiences.

Anniversary Hotel Credit

One of the standout benefits of the Chase Sapphire Preferred card is the $50 anniversary hotel credit, which you can use to treat yourself to a staycation or cover eligible hotel purchases like room rates, taxes, and fees.

To make the most of this statement credit, look for hotel purchases that are just shy of the $50 limit and consider spreading the credit across several purchases throughout the year, rather than just one big one.

This way, you’ll get the most value out of your anniversary hotel credit and enjoy even more memorable experiences.

DashPass Membership

DOOR DASH

As a Chase Sapphire Preferred cardholder, you’ll also enjoy a complimentary subscription to DashPass, which offers unlimited free delivery and reduced service fees on eligible orders from DoorDash and Caviar. 

To take full advantage of this membership, use your card for all your food delivery and takeout orders, and watch the savings pile up.

Plus, with DashPass, you can enjoy your favorite meals from local restaurants and national chains without having to worry about delivery fees eating into your budget.

Primary Rental Car Coverage

When it comes to rental car coverage, the Chase Sapphire Preferred card has your back. The card offers primary rental car coverage, which means if you pay for your rental with your card and decline the rental company’s collision insurance, you’ll be covered for theft, damage, and valid loss-of-use charges imposed by the rental company. 

This benefit can save you a bundle on rental car insurance fees and provide you with peace of mind during your travels.

So, next time you hit the road, let the Chase Sapphire Preferred card be your copilot and enjoy the ride.

The bottom line

In 2023, the Chase Sapphire Preferred card continues to be a dominant player in the travel rewards credit card market. With its generous welcome bonus, impressive earning rates on everyday purchases, and a host of valuable benefits, there’s no denying that this card is a must-have for savvy travelers and foodies alike.

To truly maximize the value of your Chase Sapphire Preferred card, here are some strategies to consider:

  • Be strategic with your spending
  • Take advantage of promotions and bonus offers
  • Explore all the redemption possibilities available to you, such as booking your next vacation through the Chase Ultimate Rewards portal or transferring points to airline and hotel partners
  • Enjoy a delicious meal at your favorite restaurant

The Chase Sapphire Preferred card can open up a world of unforgettable experiences and rewards.

Summary

In conclusion, the Chase Sapphire Preferred card is a top contender in the travel rewards credit card arena, offering a generous welcome bonus, attractive earning rates, and a wide range of benefits. From dining out to traveling the world, this card rewards you for living your best life.

So, take the plunge and embark on a journey of rewards and unforgettable experiences with the Chase Sapphire Preferred card. The world is your oyster, and this card is the pearl that can make your adventures even more extraordinary.

Frequently Asked Questions

How do I get the most points on my Chase Sapphire?

Maximize your points and reap the rewards by using a Chase-branded credit card – you can earn 1 point per dollar spent, and up to 5 points per dollar on air travel and 10 points on hotels, car rentals, and Chase Dining. Make sure to book through the Chase Ultimate Rewards program for the biggest benefit.

How do you get 10X points with Chase Sapphire?

Maximize your points with Ultimate Rewards Chase Dining purchases and get 10X the points – earning 10 points for each $1 spent. Get 1X points for all other purchases – earning 1 point for each $1 spent.

What is the highest credit limit on Chase Sapphire Preferred?

With the Chase Sapphire Preferred® Card, you can expect a minimum credit line of $5,000 – but reportedly, your credit limit could be as high as an incredible $100,000! Keep in mind that this is rare.

How much is 80 000 Chase Sapphire points worth?

Chase Sapphire points are worth up to $1,000 in travel through Chase Ultimate Rewards® or $800 as cash back, making 80,000 points worth a whopping $1,000. Easily redeeming your points is just a matter of logging into the Chase travel portal and booking away.

What is the welcome bonus for the Chase Sapphire Preferred card?

Score an amazing 60,000 bonus points by spending just $4,000 within the first 3 months of opening your Chase Sapphire Preferred card!

Check this article in Japanese: https://credit.meoto-ny.com/chase-sapphire-preferred-card/

Similar Posts