Maximizing Your Rewards Earning Potential with the Chase Sapphire Preferred

The Chase Sapphire Preferred® Card is often recommended as the best first credit card for those looking to delve into the world of points and miles. Despite being considered a more advanced card, many experts at TPG still retain their Sapphire Preferred due to its integral role in their travel rewards strategy. Currently, new applicants for the Chase Sapphire Preferred Card can earn a limited-time bonus of 75,000 Ultimate Reward points after spending $4,000 on purchases in the first three months from account opening. While the card does come with a $95 annual fee, the benefits it offers more than make up for it.

One standout feature of the Chase Sapphire Preferred is the $50 annual credit on hotel stays purchased through Chase Travel℠. Additionally, cardholders can enjoy a 10% points bonus each year based on their card spending, along with 5 points per dollar on Lyft (through March 2025) and travel booked through the Chase travel portal. Another perk is the 5 points per dollar on Peloton equipment and accessory purchases of $150 or more, with a limit of 25,000 points (through March 2025).

Even for those not deeply immersed in the points and miles world, the Chase Sapphire Preferred offers practical benefits for anyone who travels occasionally. The $95 annual fee is easily justified by the travel protections alone, making it a valuable card to have in your wallet. The ability to earn rewards quickly ensures that you have a substantial stash of Chase points by the time you’re ready to redeem them.

To maximize the benefits of the Chase Sapphire Preferred, consider using it to pay for airfare. The card earns 5 points per dollar on airfare booked through the Chase travel portal and 2 points per dollar when booked through an online travel agency or directly with the airline. Beyond points earning, the card offers valuable trip delay insurance and baggage delay insurance when booking air travel.

For hotel bookings, utilizing the Chase Sapphire Preferred to pay via the Chase travel portal can yield significant rewards. Cardholders receive a $50 statement credit each anniversary year for a hotel stay booked through the portal, along with 5 points per dollar for booking travel through the portal. This is an excellent benefit for those who prefer booking non-chain hotels or boutique properties.

When it comes to rental cars, paying with the Chase Sapphire Preferred can save you money by waiving the Collision Damage Waiver insurance from the rental agency. The card also provides primary rental car insurance, offering peace of mind during your travels. Additionally, you can earn 5 points per dollar on rental car bookings made through the Chase Travel Portal.

Another lucrative category for earning points with the Chase Sapphire Preferred is dining. The card earns 3 points per dollar at restaurants, which can be combined with complimentary DashPass membership with DoorDash. This combination allows you to earn 3 points per dollar on your meal and benefit from free deliveries on orders over $12.

While the Chase Sapphire Preferred offers a range of valuable benefits, there are instances where it may be better to use a different card. For non-bonus purchases, the card only earns 1 point per dollar, making it more beneficial to use a card like the Chase Freedom Unlimited® for a minimum of 1.5% cash back on all purchases. Additionally, if you have other cards that provide specific benefits for certain purchases, such as free checked bags with an airline credit card, it may be more advantageous to use those cards instead.

In conclusion, the Chase Sapphire Preferred is a worthwhile investment for those looking to maximize their travel rewards and benefits. With its generous earning rates, annual credits, and travel protections, the card offers excellent value for the $95 annual fee. Applying for the Chase Sapphire Preferred now, with its current 75,000 bonus point offer, is a smart decision for anyone looking to enhance their travel experiences and savings.

Back To Top