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Chase Sapphire Preferred: Earn 60,000 of the most valuable bank points

Oct. 16, 2023
3 min read
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Chase Sapphire Preferred: Earn 60,000 of the most valuable bank points
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The Chase Sapphire Preferred Card is one of the best travel credit cards out there. It hits on all cylinders: lucrative earning rates, valuable perks and versatile rewards — all with an affordable annual fee.

You can earn 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases within the first three months of account opening. TPG estimates the value of Chase Ultimate Rewards points to be 2.05 cents each when you maximize the program's transfer partners, making the 60,000-point bonus worth $1,230. Along with Bilt Rewards, Chase Ultimate Rewards points are the most valuable points of any credit card issuer.

Let's dive into why you should consider adding the card to your wallet.

Why you should apply for the Chase Sapphire Preferred

The Sapphire Preferred is well worth opening, partly because it is easy to rack up points after you've spent the sign-up bonus.

The Chase Sapphire Preferred has several generous bonus-earning categories:

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Cardmembers also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So, if you spend $20,000 on the card in a year, you'll get 2,000 extra points at the end of it.

In addition, Chase Ultimate Rewards can transfer to 14 airline or hotel partners, including valuable partners such as Air Canada Aeroplan, Air France-KLM Flying Blue, and World of Hyatt. You can maximize your rewards by booking aspirational business-class tickets or picturesque stays at island resorts for far less than their cash equivalent.

Bottom line

The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market, with travel protections and up to $50 in annual hotel statement credits for hotel purchases made through Chase Ultimate Rewards after each member's anniversary. That covers more than half the card's already reasonable $95 annual fee.

No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy-to-understand perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler's wallet.

Learn more in our full review of the Chase Sapphire Preferred card.

Official application link: Chase Sapphire Preferred with 60,000 bonus points after you spend $4,000 in the first three months

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Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.