Offers
Welcome Bonus
Eligible new applicants for the Chase Sapphire Preferred Card can receive a welcome bonus of up to 75,000 Chase Ultimate Rewards:
- Earn 75,000 Ultimate Rewards upon spending $5,000 in the first 3 months
Earning Chase Ultimate Rewards
The Chase Sapphire Preferred Card earns Chase Ultimate Rewards points for all purchases made on the card:
- 5 Ultimate Rewards points for every dollar spent on travel purchased through the Chase Ultimate Rewards travel portal.
- 3 Ultimate Rewards points for every dollar spent on dining (including eligible delivery services, take out, and dining out), online grocery purchases (excluding Target, Walmart, and wholesale clubs), and on select streaming services.
- 2 Ultimate Rewards points for every dollar spent on all other travel purchases.
- 1 Ultimate Rewards point for every dollar spent on all other purchases.
Redeeming Chase Ultimate Rewards
If you want to maximize their value, Chase Ultimate Rewards points are best used when they are transferred to one of the various frequent flyer and hotel loyalty programs that are available to be redeemed towards a future flight or hotel booking.
Chase Ultimate Rewards points can be transferred to frequent flyer programs at the following rates:
- Aer Lingus at a 1:1 ratio
- Air Canada Aeroplan at a 1:1 ratio
- Air France / KLM Flying Blue at a 1:1 ratio
- British Airways Avios at a 1:1 ratio
- Emirates Skywards at a 1:1 ratio
- Iberia Plus at a 1:1 ratio
- JetBlue TrueBlue at a 1:1 ratio
- Singapore Airlines KrisFlyer at a 1:1 ratio
- Southwest Airlines at a 1:1 ratio
- United MileagePlus at a 1:1 ratio
- Virgin Atlantic Flying Club at a 1:1 ratio
Chase Ultimate Rewards points can be transferred to hotel loyalty programs at the following rates:
- IHG One Rewards at a 1:1 ratio
- Marriott Bonvoy at a 1:1 ratio
- World of Hyatt at a 1:1 ratio
Chase Ultimate Rewards can also be redeemed as cashback, for gift cards, or for travel booked via the Chase Travel Portal. While these redemption options may make sense based on your personal situation, they are almost always of lower value than transferring to a travel partner.
Benefits
Cardholders are eligible to receive a $50 USD statement credit for hotel stays that are purchased through the Chase Ultimate Rewards travel portal. This credit can be applied once per cardholder anniversary year.
Chase Sapphire Preferred cardholders also receive an additional 25% value when redeeming Ultimate Rewards points against travel purchases. For example, redeeming 60,000 Ultimate Rewards points against travel would provide cardholders with $750 in statement credit.
On the account anniversary, cardholders are eligible to receive bonus Ultimate Rewards points equal to 10% of their purchases made in the previous year. This means that if the cardholder spent $20,000 in the previous year, they would receive 2,000 bonus Ultimate Rewards points upon their account anniversary date.
Insurance Coverage
The Chase Sapphire Preferred credit card offers seven types of insurance coverage:
- Trip cancellation insurance
- Trip interruption coverage
- Rental car collision damage waiver
- Baggage delay insurance
- Trip delay insurance
- Purchase protection
- Extended warranty protection
Other Chase Ultimate Rewards Cards
| Credit Card | ||
|---|---|---|
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200,000 Ultimate Rewards points Estimated value: $3,400 |
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90,000 Ultimate Rewards points Estimated value: $1,530 |
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100,000 Ultimate Rewards points Estimated value: $1,700 |
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