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Despite the number of new rewards-earning credit cards to hit the market in recent years, the Chase Sapphire Preferred® Card retains the top spot as our go-to credit card when we're asked for recommendations.

Sporting a lucrative signup bonus and industry-leading benefits, you can bank a substantial balance of valuable Ultimate Rewards points right from the word go.

Let’s review some of the highlights of this popular card, and find out why so many points and miles fans have it in their wallet.

Huge 60,000 Point Signup Bonus

The Sapphire Preferred offers one of the most valuable signup bonuses available. You'll 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®, or potentially much more when transferred to Chase travel partners.

Earn Bonus Points on Travel & Dining!

The card earns 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. You can earn an unlimited number of points, and they do not expire as long as you keep your Sapphire Preferred card open.

The Chase Sapphire Preferred® Card also comes with some solid travel perks. Those perks include primary CDW insurance on car rentals, trip cancellation/interruption insurance, and lost luggage reimbursement. Other benefits include no foreign transaction fees, smart chip technology, dedicated customer service line, extended warranty, and purchase protection.

The Sapphire Preferred is also a Visa Signature card, which comes with additional savings on movies, restaurants, hotel stays, experiences, and more.

Great Ultimate Rewards Travel Options

When you use the Sapphire Preferred card to build a balance of Ultimate Rewards points, you can redeem them through the Chase Ultimate Rewards portal and get a discount of 20% on the redemption cost. This 20% discount gives you a value of 1.25 cents per point.

You can use the points for a number of different airlines, cruises, car rentals, and hotels, and there are no blackout dates.

Members with more knowledge of Ultimate Rewards can redeem their points for even higher value by transferring their Ultimate Rewards points to certain airline frequent flyer & hotel partner programs.

The Ultimate Rewards airline transfer partners are:

Ultimate Rewards Airline Transfer Partners

  • Aer Lingus AerClub
  • Air France/KLM Flying Blue
  • British Airways Avios
  • Iberia Avios
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

The Ultimate Rewards hotel transfer partners are:

Ultimate Rewards Hotel Transfer Partners

  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

An example of a great redemption would be transferring 30,000 UR points out to the Hyatt program for a night at the Park Hyatt Vendome in Paris. Standard rooms in this category 7 Hyatt property run around $1,000 a night!

Park Hyatt Vendome
Park Hyatt Vendome

All Ultimate Rewards points transferred to travel partners are instant and at a 1:1 ratio.

Using the Ultimate Rewards portal does give you several other redemption options. You can redeem gift cards at one cent per point, at a wide variety of restaurants and retailers. You can also earn Ultimate Rewards points by shopping online through their online shopping portal.

Shifting your Ultimate Rewards points to a travel partner is considered the best option to maximize the value of your points, because you can redeem them for exponentially higher value, depending on which partner you opt to travel with.

In addition to the Sapphire Preferred, you can earn Ultimate Rewards points with the following cards:

However, you can’t transfer Ultimate Rewards earned from the two Freedom cards, or either of the no annual fee Ink cards to travel partners unless you also hold a Sapphire Preferred, Sapphire Reserve, or Ink Preferred.


The signup bonus on the Sapphire Preferred is a fantastic starting point, but there is so much more to this card. The 20% bonus on travel booked through the Ultimate Rewards portal, as well as the flexibility of their many top travel partners, make these points extremely valuable and highly regarded by award travel fans. The only drawback with the current offer is that the annual fee of $95 isn't waived for the first year, but the excellent welcome bonus more than makes up for the additional cost.

If you are looking for a card that has a large bonus and offers great flexibility and value, you should strongly consider the Chase Sapphire Preferred® Card. Most people would agree that the high value is certainly worth it in the long run. This card is subject to the Chase 5/24 policy.

Chase Sapphire Preferred® Card Review (Updated March 2019)
4.5 (90%) 26 votes
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The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  • I’m waiting to bite the bullet on either the CSP or CSR in case a better signon bonus comes.

    • This 60k offer for the CSP ties the highest ever public offer. (Years ago I got 60k for the CSP, but the AF was $125 instead of $95.) At any rate, who knows if we’ll see 60k in future, so if it was me, I’d jump on this one.

    • It occurs to me I should have also mentioned the CSR. It’s no secret that we’ve seen 100k on that before, but obviously also no guarantee we’ll see anything like that again. (The wife and I were both able to the 100k for the CSR during it’s initial offering; definitely don’t regret that!)

  • Appreciate the info. Hope the bonus is still there when I’m past the 5/24 rule.

  • If I already have the Chase Sapphire Reserve, I’m ineligible to receive this sign-up bonus, correct?

  • Waiting to go down below 5/24 to get this card with the 60K sign up bonus.
    Hopefully the bonus won’t change this year.

    • It’s a better signup bonus than normal for sure however you won’t be missing that much if you don’t get it.

  • Thanks for the information! Great stuff!

  • If you applied earlier during the year for the 50k promo, it is possible to get a match to the current 60k promo. I sent a secure message to Chase
    yesterday telling them I applied for the 50k promo in January of this year and if it was possible for them to match to the new 60k promo. They said I was eligible for the match and that I would see an additional 10,000 points in 1-2 statements. When I logged back into my account, the 10,000 points were already added to my account.

  • Agree it’s a good card, but I like my CSR and the 100K points I got with it. I like the better benefits.

    • Do you find the value is offset by the $75/person fee for additional cardholders? I have four additional cards so that would be $300 for me so I use CSP instead.

  • Alas, I already have a sapphire product so I won’t get the bonus.

  • Any idea how long this Card Offer is valid for? I have the CFU 3x UR promotion valid until 4/22 and I wanted to maximize that card until then and then sign up for this card.

    • Hey Mike, as far as we know, there isn’t an end date that has been announced. This also isn’t being listed as a “limited time offer” which is a good sign that this one may be around for a while. No way to be sure, but indications seem good.

  • The implementation of the 48 month wait has killed these deals for a lot of folks

  • I love this card!

  • Great offer, hard to say no to resist!

  • Thanks for this updated review. I need to get back on the Chase credit card bandwagon.

  • This is the #1 card I recommend to friends looking for the best starter card. Even better with the current promo

  • May do this for the wife, since she doesn’t hold the CSR.

  • Great card, I wish her sign up bonus was a little mor generous but that aside I like the look of the benefits.

  • I’m beginning to think the CSP may make more sense for me rather than the CSR. Has a post been done here that compares the two? If not, I’d love to see y’all’s take on both cards and any reasons someone might want to go with the CSP instead.

  • Bill from Maine says:

    I have had the CSP for more years than I can remember. The card sits in my wallet but gets little use during the course of a month. The reason? With so many great offers out there from other card companies, why bother waiting to get by Chase’s 5/24 rule only to collect 60K UR points?
    Since December last year I have been approved by both Barclays and Citi for a total of 125K AA miles, 75K Bonvoy points with the new AA card(no language email offer ), 64K Choice Hotel points, again from Barclay’s and upgraded my Hilton HH card to the Aspire card for another 150K HH points. I also did the no bonus point, annual fee waived AMEX Ameriprise Platinum card (no longer available) and scored $200.00 worth of AA gift cards in December and again in January plus Delta lounge access for a year.
    AMEX also sent me a Delta Gold card offer back in November without the once per lifetime language and I received the miles for that offer too. Meanwhile, Chase plays it’s 5/24 rule and gets shut out from my $15-20K spending a month.
    However, if you are new to the hobby you should definitely be looking at the vast selection of Chase cards. Get the points and miles from Chase first and than start applications with the other companies. The ultimate goal from credit card signup bonus’s is achieving travel experiences at little or no cost. Chase does not have a monopoly in this endeavor.

  • Has anyone with 5+/24 gotten pre-approved at the branch and then approved for either CSP or CSR recently?

  • I think this is my wife’s next card

  • This was the card that started the points and miles game for me. Although I have graduated to the Reserve, I agree that this card is the best first step into this hobby. Nice to see an increased bonus — an extra 10 000 points are always useful.

  • This is one of the best cards for sure. I love all the possibilities of transfer partners.

  • This card has been around for many years, and suddenly I’m seeing several blogs pushing this card, even though 50,000 mile bonus signups haven’t been uncommon. I know that this is a higher signup bonus, but this card hasn’t been really pushed for a really long time. Has Chase increased referral bonuses as well?

    • Hey Lee, thanks for the feedback. Timing applications when a bonus is at a relative high can be a powerful strategy, especially for those that don’t want to open a lot of cards. A lot of the extra attention is because this card has been at 50k for so long, and we didn’t really expect a better bonus. Often when the bonus goes up, the commissions go down.

  • Benjamin Tan says:

    I have the CSR and like the card. Maybe I should spring for a Preferred now with its sign up bonus?

  • Great news!!

  • I love this card, just got it before the higher promo rate thou…guh

  • I love these blog posts. You always learn something new. I did not know Ultimate Rewards Points can be transferred to JetBlue. this has made my day – And my pocket book! Thanks!

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