![]() Compare that to more premium products like the Chase Sapphire Reserve®, which charges $550 per year. Like many other travel rewards cards, the Chase Sapphire Preferred does charge an annual fee, but it’s only $95. Since points earned with the Chase Sapphire Preferred are worth 1.25 cents apiece toward travel, 80,000 points are worth $1,000. You can earn up to 80,000 bonus points after spending $4,000 on purchases within the first three months of account opening. A solid sign-up bonusįirst and foremost is the card’s current, sign-up bonus. Here are nine reasons why you should apply for the this card right now and all the ways you can maximize the Chase Sapphire Preferred’s benefits. Besides all those points, the Chase Sapphire Preferred also includes an array of other benefits that make it worthwhile. Right now, the Chase Sapphire Preferred is offering the chance to earn up to 80,000 points. Not only does it rack up bonus points on travel and dining, but those points also can be redeemed in various ways, including for trips booked through the Chase travel portal or by transferring to the Ultimate Rewards program’s airline and hotel partners, such as Southwest, United, Hyatt, and Marriott. Since it first appeared in 2009, the Chase Sapphire Preferred® Card has become one of the most popular travel rewards credit cards. Opinions expressed here are entirely those of the AFAR editorial team. Our coverage is independent and objective, and has not been reviewed, approved, or endorsed by any of these entities. AFAR does not include all financial companies or all available financial offers. This compensation may impact the presentation of offers or affiliate links on this site. While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.AFAR partners with and may receive a commission from card issuers. All rewards total estimations are net the annual fee. Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses. You can read more about their methodology here.Įsri's data team created a sample annual budget of approximately $22,126 in retail spending. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. Select teamed up with location intelligence firm Esri. We also considered additional perks, the application process and how easy it is for the consumer to redeem points. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. To determine which credit cards offer the best value, Select analyzed 234 of the most popular credit cards available in the U.S.
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