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Chase Sapphire Preferred: Our Top Recommended Card

September 15, 2020 by Travel Miles 101 Leave a Comment  Travel Miles 101 has partnered with CardRatings for our coverage of credit card products. Travel Miles 101 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. Disclosures.

If you polled the team at Travel Miles 101 for our favorite travel rewards credit card, the Chase Sapphire Preferred Card would definitely top the list. If you want to get started traveling the world with rewards points & miles, this is a card you need in your wallet.

 

 

 

  • Earn 60,000 Ultimate Rewards points after reaching the minimum spending requirement of $4,000 in the first 3 months the account is open
  • Earn 2x points on travel and dining at restaurants
  • $95 annual fee
  • $0 foreign transaction fees

Learn How to Apply for the Chase Sapphire Preferred Here.

Important note:  You can apply for this card if you don’t currently have either Sapphire card (Preferred or Reserve) and haven’t received a new card member bonus for either Sapphire card in the past 48 months.

How to Redeem Ultimate Rewards Points for Maximum Value

Here are the three Chase Ultimate Rewards redemption options, and we’ll focus on #3 since that’s where you can really get significant value with some fun redemptions!

Redemption Options:

  1. Cash Back:  Ultimate Rewards can be redeemed for 1 cent per point, so your 60,000 points = $600 cash back.
  2. Use the Chase Ultimate Rewards Travel Portal:  Chase allows you to book travel directly through their booking portal (which will be run by Expedia for tons of options!).  Each point is worth 1.25 cents, so your 60,000 points = $750 of travel.
  3. Transfer your points so they become frequent flyer miles and hotel rewards points.  The list of current partners includes:
  • Aer Lingus AerClub
  • British Airways Avios
  • Emirates Skywards
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines Krisflyer
  • Southwest Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Rewards
  • World of Hyatt

Our favorites include:  Hyatt, Southwest, United and British Airways (for use especially on American Airlines in the US).

The point value when transferred to these partners can far exceed the $1,000 you get when booking through the Chase Travel Portal.  We think you can fairly often get upwards of 2 cents per point, so $1,600 or more in value this way.  For example:

    • 60,000 United Airlines miles is enough for a round-trip Saver Economy award flight from the US to Europe
    • 60,000 Hyatt points will get you 12 free nights in a Category 1 hotel (usually a Hyatt House or Hyatt Place)
    • 60,000 British Airways would be enough for 8 one-way flights on American Airlines (for direct flights under 1,150 miles one-way in distance).
    • 60,000 Southwest miles are ultra-flexible and should get you at least $900 in value

Learn How to Apply for the Chase Sapphire Preferred Here.

Travel Miles 101 has partnered with CardRatings for our coverage of credit card products. Travel Miles 101 and CardRatings may receive a commission from card issuers.

Filed Under: Travel Rewards

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Our Top Recommended Card

Chase Sapphire Preferred

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Earn 60,000 Chase Ultimate Rewards points when you spend $4,000 in the first 3 months.  $95 annual fee.

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Disclaimer

This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. TravelMiles101.com makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. TravelMiles101.com does not include the entire universe of available financial or credit offers.

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