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When it comes to planning your summer trip, a new credit card might go a long way. If you spend $4,000 during the first three months of creating your Chase Sapphire Preferred Card account, you will get a bonus of 60,000 Chase Ultimate Rewards points.
TPG believes that Chase Ultimate Rewards points have a worth of 2 cents apiece when used for travel purchases. This bonus is worth $1,200, but if you know how to redeem Chase Ultimate Rewards for optimum value, you may get a lot more out of those points.
All-time high bonus points were offered in mid-2021 by the Chase Sapphire Preferred card after applicants completed spending conditions. That said, it’s impossible to predict whether or not a deal like that will come up again in the near future.
Even with the sign-up bonus of 60,000 points, the Chase Sapphire Preferred is a great card to open because of how simple it is to accumulate points even after you’ve redeemed the offer.
With the Chase Sapphire Preferred, you may earn extra points in a variety of ways:
- 3 points per dollar on select streaming services.
- 3 points per dollar on online groceries (excluding Target, Walmart and wholesale clubs).
- 2 points per dollar on all other travel purchases.
- 5 points per dollar on travel booked through the Chase Ultimate Rewards Travel portal.
- 3 points per dollar on dining (including eligible delivery services and take out)
Bonus points are awarded to members at the rate of 1 for $1 spent for each anniversary year of their card. A year of spending $20,000 on the card will get you an additional $2,000 in bonus points.
In addition, the card provides a wide range of benefits, such as a variety of travel insurance options and main coverage for automobile rentals. Many options exist for redeeming your points when it comes time.
If you’re a traveler, you’ll appreciate the Chase Sapphire Preferred’s best-in-class protection and up to $50 in yearly hotel statement credits for purchases made via the Chase Ultimate Rewards network. More than half of the card’s already modest annual charge of $95 will be covered.
The Chase Sapphire Preferred is a popular choice among TPG employees, and it’s easy to see why. Chase Ultimate Rewards should be in every traveler’s wallet because of the simplicity of the program’s benefits, the high earnings rates, and the practicality of the Chase Ultimate Rewards points.