What’s the best credit card out there? It depends on what you’re looking for. If you’re looking for travel rewards, you might want to consider the Chase Sapphire Preferred Card.
The most advertised Chase Sapphire Preferred bonus offer is their 25,000 point offer, however, there is a better, 50,000 point offer. Both offers require you spend 3,000 in the first three months. 50,000 Ultimate Rewards Points is worth $625 in hotel accommodations or airline tickets.
The Chase Sapphire pays out rewards in Ultimate Rewards Points, which can be redeemed for cash or gift certificates at a 100-point-to-$1 value. Or, if you book travel through the Ultimate Rewards it redeems with a 25% bonus, so instead of 50,000 points equaling $500, it’s worth $625!
Chase also lets you transfer your Ultimate Rewards Points to several hotel or airline loyalty programs at a 1:1 ratio. Those are:
• British Airways
• Continental/United Airlines
• IHG (Priority Club)
• Korean Air
The Preferred Card also gives an annual points dividend, a great perk. It pays a 7% bonus on your rewards points each year, meaning your rewards will earn rewards themselves, even if you’ve already spent them.
Another great benefit if you travel, is that the Chase Sapphire has no foreign transaction fee, a great benefit for international travelers.