Chase Sapphire Preferred: Best Mid Tier Travel Credit Card for 2023
Earn Chase Ultimate Reward points to redeem for travel or cash back through Chase by spending on your Sapphire Preferred Card.
Fast Facts
$95 Annual Fee
Earn 60,000 Chase Ultimate Reward Points after you spend $4,000 within the first 3 months of card membership
Chase Ultimate Reward Points are worth 25% more when redeemed for travel
Review
The Chase Sapphire Preferred is arguably one of the best mid tier travel credit cards available. If you travel casually a few times throughout the year then the Sapphire Preferred is a must have.
This card earns Chase Ultimate Reward points by spending in a wide variety of categories, and those points can be redeemed for travel and other options. One of the best methods of point redemption is transferring points out to Chase Travel Partners like Hyatt, United, and others.
Multipliers
5 points per $1 spent on all travel purchased through Chase Ultimate Rewards
3 points per $1 spent on dining (including eligible delivery services and takeout)
3 points per $1 spent on select streaming services
3 points per $1 spent on online grocery purchases (not including Target, Walmart and wholesale clubs)
2 points per $1 spent on travel not purchased through Chase Ultimate Rewards
1 point per $1 spent on other purchases
Chase Ultimate Reward Points Valuations
Cash Back = 1 cent per point
Travel via Chase Ultimate Rewards = 1.25 cents per point
Transferring Points to Travel Partners = 2 cents per point or higher
Chase Travel Partners
Aer Lingus AerClub
Air Canada Aeroplan
Air France-KLM Flying Blue
British Airways Executive Club
Emirates Skywards
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club
IHG Rewards Club
Marriott Bonvoy
World of Hyatt
Extra Benefits
$50 annual credit on hotel stays purchased through Chase Ultimate Rewards
Each account anniversary, cardmembers will earn bonus points equal to 10% of total purchases made the previous year
Hotel and airline transfer partners
Primary rental car coverage
Purchase and travel protections
Final Thoughts
The Chase Sapphire Preferred pairs together extremely well with the Freedom Flex and Freedom Unlimited. All three cards earn Chase Ultimate Reward Points and together are known as the Chase Trifecta.
Regardless of income level, age, or even how often you travel, the Sapphire Preferred card is extremely easy to get big value from having. I have personally had mine since 2019 and it is one of my favorite travel cards of all time. Below I have a full review video linked if you would like to learn more!