The Chase Sapphire Preferred card maintains its place as a favorite among travelers and points enthusiasts. Celebrating its seventh consecutive win as the Best Travel Rewards Credit Card in the 2024 TPG Awards, it continues to be a strong contender in the competitive credit card market. This popularity is reflected in its consistent ranking among favorite credit cards by TPG staffers.
The card offers a notable welcome bonus for new cardholders. They can earn 100,000 bonus points after spending $5,000 within the first three months of account opening. “Based on TPG’s April 2025 valuations, this offer is worth $2,050.”
A key feature of the Sapphire Preferred card is its attractive earning rates. “5 points per dollar on hotels and car rentals booked through Chase Travel℠, 5 points per dollar on eligible Lyft rides (through Sept. 30, 2027), and 3 points per dollar spent on dining, select streaming services and online grocery store purchases,” are some of the highlighted categories.
In addition, enthusiasts appreciate the card’s flexibility with its Ultimate Rewards points. “Cardholders can redeem these points through Chase Travel at 1.25 cents per point or transfer them to one of Chase’s 14 hotel and airline partners.”
The card also provides valuable statement credits, including a yearly $50 hotel credit for bookings through Chase Travel. Stackable offers and useful benefits like a DoorDash DashPass membership and no foreign transaction fees further enhance the card’s appeal.
Its annual fee of $95 is considered relatively low, especially given the comparable benefits of more expensive cards. This makes it an appealing option for those seeking a versatile card without a hefty fee.
Ultimately, the Chase Sapphire Preferred card delivers on its promise of flexibility and value, making it a reliable option for those looking to maximize travel rewards and benefits.
