8 Reasons You Need the Chase Sapphire Preferred Credit Card

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

When you sign up for the Chase Sapphire Preferred card, they’ll award you a bonus 60k points after spending $4,000 in the first 3 months. That’s $600 cash back (!) or $750 in travel value on flight/hotel bookings made through the Chase Travel Portal — and that’s not even including the points you’ll earn from hitting the minimum spend!

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 6 years! After the surge of welcome points, your regular spending should offset the fee each year moving forward (my own spending offsets it 10-20x over.) All you need to spend to offset the fee is $263 per month on dining or online grocery orders — or $800 in “everything else” spending in any of the non-bonus categories (more on that below!)

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 spend just $500 on dining out/grocery delivery per month (which I’m estimating as a fairly modest food bill for one person, considering we spend roughly $900-1,100 on two people), that’s 1,500 points per month/18k points per year. That’s $180 in cash back – twice the annual fee already! – OR $225 in travel value!

I personally spend about $2-3k/month on this card over the course of the year, 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% bonus Value 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:

Honorary Mention Reasons:

  • Complimentary DoorDash DashPass ($0 delivery fees and reduced service fees) for 12 months
  • 5x points on Lyft rides through March 2025
  • Purchase protection for 120 days against damage or theft (up to $500 per claim and $50,000 per account)
  • Extended warranty protection for an additional year on eligible warranties of three years or less

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!

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