If you like to travel and dine out often, the Chase Sapphire Preferred® Card could be a great fit for your lifestyle. You get 2 Chase Ultimate Rewards® points for every $1 spent on travel and restaurant expenses, and 1 point per dollar on all other purchases.
The Chase Sapphire Preferred® Card’s generous sign-up bonus and flexible points redemption options across airlines and hotels both make this card a top pick for travelers.
Earning and redeeming points is easy
The card’s current welcome offer is nothing to sneeze at: Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
You can redeem the points you earn for cash or gift cards at a value of 1 cent per point. Keep in mind, though, that when you redeem your points through Chase’s travel-booking portal, you get a 20% discount. So in those cases, each point is worth 1.25 cents.
Chase Ultimate Rewards® can also be transferred to certain airline or hotel rewards programs. Chase partners with nine airline programs where points transfer at a 1-to-1 ratio, including: Air France KLM Flying Blue, British Airways Executive Club, JetBlue True Blue, Southwest Rapid Rewards and United MileagePlus. Hotel partners include Marriott Rewards, World of Hyatt and IHG.
No blackout dates, foreign transaction fees or expiration dates
Another convenient thing about the Chase Ultimate Rewards® program: The points don’t expire. However you earn them — including through any one of the Chase credit cards — they’re yours as long as your account is open.
» Learn more: Chase 5/24 rule explained
There are also no blackout dates; as long as a flight is available in the travel portal, you can book it. That means you don’t have to worry about finding award availability on a specific airline. There are no foreign transaction fees on the Chase Sapphire Preferred® Card, and the card also offers premium travel protection benefits.
The Chase Sapphire Preferred® Card‘s annual fee is $95. If you spend a lot on travel and dining, it’s worth holding long-term for the point-earning ability in those categories and the 20% discount through the Chase portal.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Bank of America® Travel Rewards credit card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card