Update: Best current bonus for the Chase Sapphire Preferred Visa is being updated
Apply for the Best Current Offer: Chase Sapphire Preferred – 40,000 points
I'm going to alert my family and friends right now via email, not something I would bother to do unless I personally highly valued this card, which I do. Here are the highlights:
- 40,000 [Updated offer] Ultimate Rewards points after $3000 spend on the Chase Sapphire Preferred within the first 3 months
- Points may be transferred 1:1 to United/Continental, British Airways, Korean Air, Hyatt, Marriott, Intercontinental/Priority Club, Amtrak, Southwest
- 2x points on all travel spend (airfare, train tickets, hotels, car rentals, taxis)
- 2x points on all dining spend (restaurants, cafes, takeout, Starbucks, etc.)
- 7% bonus on all points (including on the 50,000 bonus points)
- No foreign transaction fees
- $95 annual fee waived the first year
- TravelSort Tip: Must-have travel credit card! We put all our non-airline travel spend and dining spend on the Chase Sapphire Preferred for the 2x points
This card is at the top of our list for the Best Travel Credit Cards, and we also included it in our roundup of Best United Miles Bonus Offers Available Now
While other cards such as the AMEX Premier Rewards Gold Card offer a better bonus for airfare spend (3x) and hotel loyalty cards combined with hotel elite status can sometimes be better for hotel spend, the Sapphire Preferred is what I put all these types of spend on:
- All dining spend (includes not only restaurants but cafes, Starbucks, etc.)
- All non-Starwood direct hotel spend
- All Amtrak spend
- All taxi spend
The no foreign transaction fees makes it especially useful both when actually traveling abroad, and when purchasing anything from a vendor which processes its transactions abroad (even Canada).
Business class roundtrip to Europe is 100K points/miles + $140, First class to Asia is 140K points/miles. Since a first class ticket to Asia easily runs north of $15-20K, that's 10-14 cents per mile/point in value (although since many of you would never pay $15-20K for a ticket, put your own valuation there). So an additional 10,000 bonus miles could equate to about $1000, depending on how you redeem and value the miles. Even if you only value Ultimate Rewards points at 2.5-3 cents each, $250-$300 is nothing to sneeze at, with the total 50,000 point bonus worth anywhere from $1250-$5000 depending on how you value each Ultimate Rewards point.
Check out and apply for the Best Travel Credit Cards.
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