For those looking to delve into the world of transferable points without being put off by the high annual fees of some elite cards, the Chase Sapphire Preferred® Card is an excellent starting point.
Rewards: Earn 5 points per dollar on travel booked via Chase Ultimate Rewards®, 3 points per dollar on dining, select streaming services, and online grocery shopping (excluding purchases from Walmart, Target, and wholesale clubs), 2 points per dollar on other travel expenses, and 1 point per dollar on all other purchases.
Introductory Bonus: Acquire 60,000 bonus points by spending $4,000 within the first three months of account opening.
Annual Fee: The card has an annual fee of $95.
Additional Perks and Considerations: The Chase Sapphire Preferred® Card is noted for its versatile and valuable Chase Ultimate Rewards®, which can be transferred to various airline and hotel loyalty programs, like United Airlines and Hyatt, or used for unrestricted bookings through the Chase travel portal at a rate of 1.25 cents per point. The card also offers extensive travel protection, though slightly less comprehensive than that of the Chase Sapphire Reserve®. For a comprehensive review of the card’s benefits, check out our Chase Sapphire Preferred Benefits guide.
Learn More: Assessing the Value of the Chase Sapphire Preferred.