There hasn’t been a whole lot of movement in the credit card world lately, so instead I thought I’d address a common question about credit cards:
One of the first questions people have when they start dabbling with points and miles is…
“What’s the best card for beginners?”
OR
“What’s the single BEST travel card?”
I’ve been trained by the blogosphere to respond with things like, “Well, it all depends on your travel habits and spending patterns, and different cards work well for different people.”
But that’s (sort of) bullsh*t.
The fact is, I can answer BOTH of those questions with the same card: The Chase Sapphire Preferred® Card.
Here’s why:
1. It earns the most valuable points currency
The Sapphire Preferred earns what we call Ultimate Rewards points (you can read more about them here), one of the most valuable and flexible points currencies out there.
Not only can you use points to book travel in the bank’s dedicated travel portal, but you can also transfer them to a ton of different airline and hotel programs, sometimes even with a bonus.
Even if you don’t like flying with airlines Ultimate Rewards directly transfer to, these points are still valuable.
For example, you can transfer points to Aeroplan and use those points to book flights on Emirates, Lufthansa, Ethiopian, ANA, and dozens of other airlines.
Or you could transfer points to World of Hyatt to book amazing hotels - even luxurious ones, like this place in Bali that I’ll be staying at next month:
Yes, the Sapphire Preferred now transfers to Hyatt at 4:3, meaning the above stay would cost 4,667 points. (Technically, unless you had points in your Hyatt account, you’d need to transfer 5,000 points as you can only transfer in 1,000 increments).
Even if you want to book obscure airlines or independent hotels, you can redeem your points right in Chase’s travel portal.
For example, I’m currently in Ulaanbaatar, Mongolia. Even in this random corner of the globe, you can book hotels in the portal for just over 5,000 points per night, which is a steal.
This is a great example of how even in parts of the world where there are no chain hotels or major airlines, you can STILL use your points to book travel.
But that’s just the beginning…
2. You can earn LOTS of points VERY quickly
Despite having a low annual fee, the Sapphire Preferred has really solid earning rates for most everyday purchases like dining, gas, online groceries, streaming, and travel.
In fact, if you book travel through the bank’s portal and pay for it with your card, you’ll earn 5X points… 🤯
For example, if you book this hotel in downtown San Diego, you’d earn almost 1,000 Chase points per night ($190 × 5X points per dollar).
And in addition to the normal everyday spending, you’ll also earn a FAT welcome offer when you first apply for the card.
The current welcome offer is: Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
3. Low annual fee and decent perks
Considering the valuable points, great welcome offer, and excellent earning rates, you’d think this card should have a hefty annual fee.
Well, you’re wrong. It doesn’t.
In fact, the annual fee is only $95, which is why we recommend the Sapphire Preferred to points veterans and newbies alike.
But it gets even better…
You see, the card also comes with a $100 annual hotel credit that effectively eliminates the annual fee.
You could book two nights at this hotel in Tokyo and get it almost for free because of the credit…
You’d just have to pay the taxes of $10 total.
So here’s the bottom line:
The Chase Sapphire Preferred® Card has a great welcome offer, a low annual fee, valuable points, a long list of ways to use those points, and even an annual hotel credit.
Every member of the Daily Drop team holds this card and doesn’t plan on letting it go.
So whether you’re new to the game or you’ve been around for a while, everyone should have this card in their wallet. 👇
