Chase Sapphire Preferred: Best Credit Card for Occasional Travel

Published on September 18, 2019 by Chris

People often ask me: “What’s the best credit card if I only travel occasionally?” It’s the Chase Sapphire Preferred, and in this video I’ll tell you why!

Earning Points on Spend:
The Chase Sapphire Preferred earns my favorite rewards currency, Chase Ultimate Rewards points. 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.

Travel:
airlines, airports, car rental agencies, cruise ships, hotels, timeshares, local and commuter transportation (including trains, buses, taxis/limos, ferries, bridges, tolls and parking), travel agencies

Dining:
merchants whose primary business is sit-down or eat-in dining, including fast food restaurants as well as fine dining establishments.

The points guy estimates the points at 2 cents per point… but you can get more.

Sign-up Bonus:

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®

At Hyatt Hotels that’s 12 nights at category 1’s, or 2 nights at category 7s.

Redeeming Points:

Redeem for cash at 1 cent per point.

Book award travel at the Ultimate Rewards portal and get a 25% bonus. (No blackout dates)
Transfer to partners:
Airlines(11):
Aer Lingus
Air France
British Airways
Emirates
Iberia
JetBlue
KLM
Singapore
Southwest Airlines
United
Virgin Atlantic

You can transfer to United and book another Star Alliance Carrier.
British Airways for One World
Air France for Skyteam

Hotels(3):
IHG Rewards Club
Marriott Bonvoy
World Of Hyatt

Ongoing Benefits:

No foreign transaction fees — these are typically 3%

Primary car rental insurance – Covers damage or theft to your rental car

Trip delay reimbursement – Get up to $500 back per ticket when your trip is delayed more than 12 hours

Baggage Delay Insurance — Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours up to $100 a day for 5 days

Purchase Protection — Covers your new purchases for 120 days against damage or theft up to $500 per claim

Extended Warranty Protection
Extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less

Phone answered by a person

Annual Fee:
Reasonable $95 annual fee. Authorized users can be added to the card at no extra cost

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