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The Chase Sapphire Preferred is normally considered the extra reasonably priced, little sister card to the perennial travel favorite, the Chase Sapphire Reserve. But with its newest welcome provide of a whopping 100,000 factors—one of the best welcome provide for the Chase Sapphire Preferred card but—the cardboard deserves its personal second within the solar.
Thanks to the provide, new cardholders can earn 100,000 Chase Ultimate Rewards factors after spending $4,000 on purchases within the first three months. With an annual charge of simply $95, it is a stellar deal that is equal to about $1,250 within the Chase journey portal—and we have now a number of concepts on how you can spend those reward points, from a round-trip flight to Europe to some nights on the Readers’ Choice Award–profitable Wailea Beach Resort on Maui. (Note: the Chase Sapphire Reserve is at present providing new cardholders 60,000 factors after spending $4,000 on purchases within the first three months, and has a better annual charge of $550.)
But it isn’t simply the welcome provide that makes the Chase Sapphire Preferred value making use of for. You earn two factors per greenback on journey purchases and eating (together with choose takeout and supply companies) and one level per greenback on all different purchases. Speaking of takeout, you get limitless free deliveries and lowered service charges on Doordash orders over $12 once you join Dashpass, DoorDash’s subscription service by December 31. You additionally earn 5 factors per greenback on Lyft rides by means of March 2022, and may stand up to $60 again on eligible Peloton Digital or All-Access Memberships, which supplies you entry to Peloton’s full digital exercise library.
Preferred cardholders may get 25 p.c extra worth from their factors with Chase’s non permanent Pay Yourself Back characteristic, which lets you redeem factors for money again towards present eating, grocery retailer, dwelling enchancment retailer, and choose charity purchases. (This program runs by means of September 2021.)
If you are seeking to examine the perks of the two Chase Sapphire cards—or see how they stack up towards playing cards just like the American Express Gold Card or the Capital One Venture Rewards Credit Card—remember to take a look at our listing of the best travel credit cards.
Learn extra about making use of for the Chase Sapphire Preferred here.
Condé Nast Traveler has partnered with CardScores for our protection of bank card merchandise. Condé Nast Traveler and CardScores might obtain a fee from card issuers.