The Chase Sapphire Preferred is a veteran of the “rewards industry”. A little bit by accident the card has manged to build a stable following.
Table of Contents
- 1 Chase Sapphire Preferred credit card – Benefits
- 2 What do I get with the Chase Sapphire Preferred card?
- 3 What would I use the 60,000 Ultimate Rewards bonus points for?
- 4 World of Hyatt Transfers – Two nights at a luxurious Hyatt property
- 5 United Mileage Plus Transfers – Singapore Airlines/Air New Zealand Business Class Southeast Asia to Tahiti
- 6 Marriott Bonvoy Transfers
- 7 How to get approved for the Chase Sapphire Preferred?
Chase Sapphire Preferred credit card – Benefits
- earn 2 points per dollar on dining and any travel-related expenses, one point per dollar on everything else
- earn 60,000 Ultimate Rewards points sign-up bonus after just $4,000 spend
- 1:1 transfer to major travel partners such as World of Hyatt, United Mileage Plus, Singapore Krisflyer and Marriott Bonvoy
- no foreign transaction fees
- (Primary) Auto Rental Collision Damage Waiver
- Trip Delay Reimbursement
- Low Annual fee of $95
I had to make use of the Collision Damage Waiver benefits and found the contracted insurance agent courteous and friendly.
What do I get with the Chase Sapphire Preferred card?
If your application is successful, you get 60,000 Ultimate Rewards plus any points from completing the minimum spend!
What would I use the 60,000 Ultimate Rewards bonus points for?
Chase Ultimate Rewards points can be transferred to a number of partners at a 1:1 basis and give you an enormous choice of awards.
World of Hyatt Transfers – Two nights at a luxurious Hyatt property
In the past I felt the Park Hyatt Maldives Hadahaa was one of the best redemptions. However prices in the Maldives have come down and now the US – especially Hawaii – has some of the most expensive hotel properties.
The Andaz Maui and the Hyatt Residence Club Maui, Kāʻanapali Beach are now topping the list of where I would use 60,000 points for two nights.
There are more Category 6 Hyatt properties.
United Mileage Plus Transfers – Singapore Airlines/Air New Zealand Business Class Southeast Asia to Tahiti
This works best if you already have a flight to Southeast Asia and want to make the return over the Pacific a bit more ‘creative’. Transfer 45,000 points to United MileagePlus and you can fly on Singapore Airlines and Air New Zealand from anywhere in Southeast Asia to Tahiti one-way in Business Class. united.com will not show Singapore Airlines flights, but most flights are bookable when you call, so call United reservations directly. Note that Air New Zealand availability is very limited but it does exist.
70,000 United Mileage Plus miles are enough to get you to from anywhere in the US to Europe in Business Class. This stretches as far as Siberia in fact. Turkish Airlines is a great airline for a luxurious redemption on their many flights to Europe via Istanbul.
Marriott Bonvoy Transfers
The launch of Bonvoy has cut down many of the best redemptions under 10,000 points with Marriott. However many Protea hotels in Southern Africa are still a great deal. I would also include the Renaissance Hotel Minsk in this category for exceptional value.
How to get approved for the Chase Sapphire Preferred?
Chase has gotten rather picky with approvals and has introduced a number of rules.
You can only have one Chase Sapphire Preferred card per person at one time.
You can not have received a bonus within the last 48 months for this card.
You can NOT have opened more than 5 credit cards in the last 24 months with ANY credit card issuer. However in reality Chase may only see a fraction of the cards opened with other issuers.
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