The Chase Sapphire Preferred card is one of the best rewards credit cards that you can get right now. The big incentive is the 40,000 bonus points that you get when you spend $3,000 within the first three month. The 40,000 points is equal to $500 in travel rewards. To be able to be accepted for this card you will need to have a good or excellent credit score.
You will earn two points for each dollar spent on airfare or on food at restaurants. For all other purchases you will receive one point per dollar spent. One of the nice benefits to the Chase Sapphire Preferred card is that you can get 20% off airfare, hotels, car rentals or cruises when you redeem your points through Chase Ultimate Rewards. On top of that you will also earn a 7% annual dividend on new points earned from purchases.
If you are going to be traveling abroad, you will benefit from having no foreign transaction fees. You can also transfer your points, at a 1:1 value, with most major frequent flyer programs. They will waive the $95 annual fee for the first year.
Highlights of the Chase Sapphire Preferred Card
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