4 Reasons to Get the Chase Sapphire Preferred (and Its All-time High Offer) – Points with a Crew

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I usually believe there are 3 reasons to apply for and keep a credit score card.

First is any welcome offer on the card.

The 2nd purpose is if the cardboard has appealing spending classes.

The very last motive is any ongoing advantages you receive for having the cardboard.

Most credit cards check at the least this sort of packing containers, but it’s rare that a card will check all 3. The Sapphire Chase Sapphire Preferred card, with its modern welcome provide of a hundred,000 Ultimate Rewards points, tests maybe 2 and a half. It has a tremendous welcome offer and fantastic ongoing blessings. The rewards you get from ongoing spending are okay but now not splendid. Still, the welcome offer by myself makes it really worth thinking about.

All-Time High Welcome Offer

The largest reason to get the Chase Sapphire Preferred card right now’s that its welcome provide is at an all-time high. The Chase Sapphire Preferred became one of the first credit cards I ever Sapphire got, and the signup bonus become 40,000 Ultimate Rewards points. That become 6 or 7 Sapphire years ago, and through the years, the welcome offer at the Sapphire Preferred has progressively persisted to move up and Sapphire up. First we saw 50,000 factors, then 60,000, 80,000 and now 100,000 Ultimate Rewards factors.

100,000 Ultimate Rewards factors is worth as a minimum $1,250, in case you use it for journey or thru Chase Pay Yourself Back. And if you have a partner with a Chase Sapphire Reserve card, it can be well worth up to $1,500. And even better, you could frequently get even extra cost via shifting to Chase’s travel companions. Like the time I turned one hundred,000 Ultimate Rewards factors right into a $6,500 train journey.

Combining Chase Ultimate Rewards Points

Another outstanding purpose to take into account signing up for the Sapphire Preferred card is the ability to combine Chase Ultimate Rewards factors. You can combine your Ultimate Rewards factors that you’ve earned on specific playing cards, and you may additionally combine points with legal customers to your account. That makes it fairly truthful to combine factors between spouses / companions as well.

The motive this is so vital and valuable is that the price of your Ultimate Rewards factors depends on the cardboard which you earn them on. If you handiest have a no-fee Chase card just like the Ink Cash or Freedom Unlimited, then your points are simplest well worth 1 cent every. But if you have a top rate card just like the Sapphire Preferred or Ink Preferred, then your points emerge as really worth 1.25 cents according to point. So if you have already got Sapphire quite a few Ultimate Rewards which you’ve earned with a Freedom Flex or different no-rate Chase card, then applying for the Sapphire Preferred now not most effective offers you one hundred,000 Ultimate Rewards points, but it makes all your EXISTING factors worth 25% extra. Having a premium Chase card like the Sapphire Preferred also unlocks the capacity to transfer your Ultimate Rewards factors to Chase’s inn and airline switch companions.

Points for the ones who’ve the Chase Sapphire Reserve are well worth 1.five cents according to factor. Unfortunately, you can’t hold both the Sapphire Reserve and the Sapphire Preferred on the same time. But if you have a spouse or accomplice who does have the Sapphire Reserve, you then need to be capable of integrate factors with them. That should make the a hundred,000 point bonus worth at the least $1,500.

Primary Car Rental Insurance

Another superb purpose to have the Sapphire Preferred is for the car condominium insurance. Like the Chase Sapphire Reserve, the Sapphire Preferred has superb vehicle rental insurance. Paying for a condo vehicle with the Sapphire Reserve stored my parents almost $1000 once they bumped into problems with their apartment automobile. The fine component about the condominium coverage with the Sapphire Preferred is that it’s primary, not like the coverage with many other credit cards. That method that it comes into play before you will be required to make a claim with your very own automobile insurer.

Flexibility of Redeeming Chase Ultimate Rewards

I assume Chase Ultimate Rewards are the exceptional miles and points foreign money obtainable, and one cause for this is how flexible they’re. You can redeem them for journey (with a 25% bonus if you have the Sapphire Preferred). Sometimes this is the excellent manner to use your Ultimate Rewards factors. You can also switch them to travel partners like United, Hyatt, Marriott and others. I actually have earned and redeemed masses of heaps of Ultimate Rewards points over the previous few years and they have had a massive effect on our own family’s ability to tour without spending a dime / reasonably-priced.

The Bottom Line

If you’re eligible to get the welcome bonus on the Chase Sapphire Preferred, you must rather recollect it. This is one of the high-quality offers that we’ve ever seen, on any card. In order to be eligible for the bonus you must:

Be below Chase five/24 Not be a modern-day cardholder of any Chase Sapphire card – aka the Chase Sapphire Preferred or Chase Sapphire Reserve Not have acquired a brand new member bonus for any Sapphire card within the beyond 48 months

If you’ve got any questions on this offer or need to talk over how it’d work for you, please electronic mail me at dan at pointswithacrew dot com. I am greater than happy to speak to every person about this or another provide and how it would work for you.

Are you planning on applying for the Chase Sapphire Preferred with its 100,000 point provide? Leave a notice inside the comments.

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