Chase Sapphire Preferred is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Earn Ultimate Rewards with the card. Learn about the Chase Ultimate Rewards Program here.
A Little More Of A Sign-Up Bonus
Earn Points on Spending
2. Earn 2 points on Travel-Earn 2 points per $1 spent on travel when you use your card to pay for airfare, hotels, cruises, rental cars, travel agencies, train tickets, taxis, tolls and more. (Click here for a complete definition of travel from Chase)
3. In addition to earning 2 points per dollar at restaurants and on travel, you’ll earn 1 point for every dollar you spend on all your other purchases.
Earn Even Extra Points
1. ADDITIONAL POINT ON TRAVEL-Earn 1 additional point (total of 3 points) per $1 spent when you book airfare or hotel accommodations online through Ultimate Rewards. Note, this is impossible to find in the Chase terms. I confirmed this additional one point with a Chase phone rep.
2. EXTRA POINTS FROM PARTNER MERCHANTS-Earn extra rewards points from partner merchants when you shop online through Chase Ultimate Rewards.
No Foreign Transaction Fees
Pay no foreign transaction fees when you use your card on purchases made outside the United States.
Point to Point Transfer With No Transfer Fees
Transfer points to participating frequent travel programs with no transfer fees and at full 1:1 value – that means 1000 Ultimate Rewards points equal 1000 partner miles/points. Read about how to transfer points to travel programs here.
20% Off Travel
Get 20% off airfare, hotels, car rentals and cruises when you redeem through Ultimate Rewards. For example, a $500 flight requires just 40,000 points. Read about how to redeem points through Ultimate Rewards here.