I’ve said time and time again the Chase Sapphire Preferred credit card is the BEST one to have in your wallet. My mom signed up for it less than a year ago, and during our travel delays this past week I asked her if she had booked her flights with it because she’d get built-in travel insurance for the delay. She informed me she had cancelled it because she “doesn’t like paying annual fees.” 😳

Not gonna lie, I died a little inside. 😭

So I figured this was a great opportunity to show you:

a) why this card ROCKS and is consistently ranked as one of the top three consumer credit cards on the market

b) why the annual fee is SO worth the benefits you’ll get from it (and how you’ll pay off that annual fee 10-100x over if you know how to leverage them)

*Note: I am not a Chase employee and they aren’t sponsoring me to write this, but some links below are affiliate links where I will earn bonus points if you sign up and are approved for the Chase Sapphire Preferred card. There is no cost to you!

So without further ado, here are 8 great reasons you need the Chase Sapphire Preferred credit card in your wallet:

Reason 1: The sign-up offer

Right now there is an elevated welcome offer of 75k points for a limited time! The regular offer is still 60k points, but I’d recommend jumping on the elevated offer ASAP before it disappears! To put it into perspective: 75k points is $750 cash back OR $900 in travel value in the Chase Travel Portal.

Sign up for the Chase Sapphire Preferred here!

Reason 2: The annual fee is only $95/year

The sign-up bonus alone will pay off that annual fee for nearly 8 years! (And that’s not including all the additional points you’ll earn from spending.)

Reason 3: Point earnings in bonus categories (especially dining)

The point earnings for spending on the Chase Sapphire Preferred credit card are:

  • 5x points per dollar spent on travel booked in the Chase Travel portal
  • 3x points per dollar spent on dining, takeout, grocery delivery services, and streaming services;
  • 2x points per dollar spent on other travel
  • 1x points per dollar spent on everything else

Put in perspective: if you’re like most Americans and spend, say, $750 on dining out/grocery delivery per month, that’s 2,250 points per month/27k points per year. That’s either $270 cash back OR $337 in travel value!

Or let’s say you don’t spend in ANY of the bonus categories and spend an average of just $1,000/month on the “everything else” category. You’re still racking up 12k points per year, which is $120 cash back or $150 toward travel.

I personally spend about $2-3k/month on this card with a big chunk of that on dining, which means I’m multiplying my points to about 3-9k/month. My average yearly return is about 150-200k points total, which is $1,500-2,000 cash back or $1,875-2,500 in travel value. Pretty sweet, eh?

Related: A Guide to My Favorite Travel Cards

Reason 4: 25% more for your points when redeemed in the Chase Travel Portal

One point earned on the Chase Sapphire Preferred credit card equals $0.01 (so 100 points is $1 / 1,000 points is $10 / 10,000 points is $100) for cash back purposes. BUT, you get 25% more value when you redeem these points in the Chase Travel Portal. So that 10,000 points would be $125 toward bookings on flights, hotels, or other travel booked within the portal – a really sweet way to stretch your dollars for travel!

Reason 5: Chase has 14 travel partners

Chase has 14 travel partners with a 1:1 point transfer, meaning you can turn those points into airline/hotel miles with your other loyalty programs and book directly with them! (And they often run bonus offers where you can get even more points with the partner.)

These partners include the following, but don’t forget, you can also use points with their alliance teammates! i.e., You’re not limited to just Air France/KLM; you can use points on any SkyTeam airline. It takes a few extra steps, but that’s another blog post. 😉 Just know that you have the potential to book with many more airlines than the ones listed below:

  • British Airways Executive Club
  • Air France-KLM Flying Blue
  • JetBlue TrueBlue
  • Emirates Skywards
  • Singapore Airlines Krisflyer
  • Southwest Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • Aer Lingus AerClub
  • Iberia Plus
  • World of Hyatt
  • IHG Rewards Club
  • Marriott Bonvoy

Reason 6: Annual $50 hotel credit with Chase Sapphire Preferred

Each year you have the card, you get a $50 credit toward any hotel stay you book through the Chase Travel Portal.

Reason 7: 10% anniversary bonus

Each year on the anniversary of when you got the card, Chase gives you a bonus gift of 10% of all points you earned the previous year.

Reason 8: Built-in travel insurance

Remember the anecdote about my mom above? The travel insurance included on the Chase Sapphire Preferred is one of my absolute favorite features. You are protected against trip delays and cancellations and delayed/lost baggage, as well as emergency roadside assistance, travel assistance, and accident insurance. Plus, it comes with primary car rental insurance, which means you don’t need to purchase any car rental agency’s insurance policy ever! (Most built-in car rental insurance on credit cards is secondary; Chase is one of the awesome exceptions.)

Here’s a more comprehensive look at Chase’s travel protection services, from their website:

I hope these reasons help convince you that not only is the Chase Sapphire Preferred credit card ah-mazing, but that the annual fee is well worth the perks and value you get out of it, year after year. You don’t even need to be a frequent traveler to take advantage of it, either – but if you are, it’s a mighty powerful tool to help you travel more for less.

So what are you waiting for? Sign up for the Chase Sapphire Preferred credit card now!