The Chase Sapphire Preferred Card is one of the best travel credit cards out there. It hits on all cylinders: lucrative earning rates, valuable perks and versatile rewards — all with an affordable annual fee.And new applicants can earn 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases within the first three months of account opening.TPG estimates the value of Chase Ultimate Rewards points to be 2 cents each when you maximize the program’s transfer partners. That makes this bonus worth $1,200 — though you can glean significantly more value from those points if you know how to redeem Chase Ultimate Rewards for maximum value.Official application link: Chase Sapphire Preferred with 60,000 bonus points after you spend $4,000 in the first three monthsIn mid-2021, the Chase Sapphire Preferred debuted an all-time-high offer of 100,000 bonus points after applicants met minimum spending requirements, and earlier this year, it launched an 80,000-point bonus. However, there’s no guarantee that deals like those will resurface in the near future. Even at the current bonus, the card is well worth opening, in part because of how easy the Chase Sapphire Preferred makes it to rack up points after you’ve spent the sign-up bonus.The Chase Sapphire Preferred has several generous bonus earning categories, which were improved in 2021. The card now accrues:Sign up for our daily newsletterEmail addressSign upI would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email. See privacy policy.5 points per dollar on travel booked through the Chase Ultimate Rewards Travel portal.3 points per dollar on dining.3 points per dollar on select streaming services.3 points per dollar on online groceries (excluding Target, Walmart and wholesale clubs).2 points per dollar on all other travel purchases.Cardmembers now also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.Overall, the Chase Sapphire Preferred is one of the top travel rewards credit cards on the market, with best-in-class travel insurance and up to $50 in annual hotel statement credits for hotel purchases made through Chase Ultimate Rewards after each cardmember anniversary. That essentially covers more than half the card’s already reasonable $95 annual fee.No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy to understand perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.Related Chase Sapphire Preferred stories:Full review of the Chase Sapphire Preferred card.Why you should choose the Chase Sapphire Preferred over the Reserve.After 13 years, why the Chase Sapphire Preferred should still be your first rewards card.Additional reporting by Eric Rosen.Featured photo by The Points Guy.
