Source: The Points Guy
Summary
The Chase Sapphire Preferred Card has been updated with new bonus categories, making it a competitive everyday spending card. It offers 5 points per dollar spent on Chase Travel, Lyft rides, and eligible Peloton purchases, and 3 points per dollar spent on gas, electric vehicle charging, vacation homes, dining, streaming services, and online grocery purchases. The card is suitable for beginners, families, and frequent travelers, with the potential to earn valuable Chase Ultimate Rewards points.
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The escape is carefully planned.
The Chase Sapphire Preferred Card offers a range of bonus categories, including gas and EV charging, vacation homes, and streaming services. It’s an excellent option for award travelers of all types, with the potential to earn valuable Chase Ultimate Rewards points. The card’s $95 annual fee is easy to justify with the right spending habits.
For beginners, families, and frequent travelers, the Sapphire Preferred could be the only card you need. Its bonus categories cover a wide range of purchases, giving it high earning potential.
However, the card is not ideal for spenders who prefer straightforward cash-back rewards or people who don’t travel enough to maximize Chase’s transfer partners.
The Sapphire Preferred is a game changer for frequent travelers who enjoy dining out and booking vacation rentals often.
With the right strategy, you can earn 17,460 points annually with the Sapphire Preferred’s bonus categories alone, worth about $358 per year.
For families, the card could help cover multiple rooms or a few extra nights before or after a cruise.
Overall, the Sapphire Preferred is an excellent choice for a wide range of spenders, with high earning potential and valuable rewards.
It’s a card that’s all about the points, but sometimes it feels like it’s all about the annual fee.
