Highlights:
- Transfer partners (can 2x the value of your points)
- Low annual fee of $95
- Solid bonus: 60,000 Ultimate Reward points
- Primary rental car coverage
- Minimum 1.25x point value toward travel
Overview
The Chase Sapphire Preferred has the lowest annual fee for any Chase card that enables transferring points to partners. This alone makes the Sapphire Preferred a keeper because transfer partners can make Ultimate Rewards points (UR) worth 2 or more cents per point, essentially doubling your cash back. The sign up bonus is solid even at 60,000 UR, but if you are able to wait, the bonus has gone up to 80,000 UR. Additionally, the primary rental car coverage can save you money from purchasing rental car insurance every time you rent a car. And finally, the Sapphire Preferred allows you to use points through the Chase travel portal at 1.25 cent per point giving you increased flexibility if you can’t find any good transfer partners. If you’re interested in the card and want to support the blog here is my referral link.
Details
- Earn 60,000 points after spending $4,000 in the first 3 months of account opening
- Annual fee: $95
- 5x on travel through Chase
- 3x on dining, online groceries, and select streaming
- 2x on other travel
- 1x on other purchases
- 5x on Lyft through March 2025
- $50 annual hotel credit
- Earn 10% bonus points on purchases each year
- Primary rental car coverage
- Hotel and airline transfer partners
