Chase Sapphire Preferred: 80,000 bonus points

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The Chase Sapphire Preferred Card is quite possibly one of the most popular credit cards for people just starting to dip their toes into travel rewards. And rightfully so. The Sapphire Preferred offers a low annual fee, bonus categories, flexible redemption options and many other perks.

But the main reason you’ll want to pay attention to this card right now is its sign-up bonus. Now through November 8, the Chase Sapphire Preferred is offering new applicants 80,000 bonus points after spending $4,000 in purchases in the first three months after opening the account. That’s the highest sign-up bonus we’ve ever seen publicly available on this card.

Click here to apply for the Chase Sapphire Preferred with an 80,000-point bonus.

And yet, this sky-high bonus offer isn’t the only reason to consider the CSP. Let’s look at six benefits of the Chase Sapphire Preferred to see why this card might deserve a place in your wallet.

If you’re not traveling right now, you can still use the points from this card for a number of other purchases you’re likely making at home right now. And at a great redemption rate too.

Now through April 30, 2021, Chase Sapphire Preferred card holders get 1.25 cents per point when redeeming points via the card’s “Pay Yourself Back” tool. The tool allows you to use points to pay for purchases you make at grocery stores, dining establishments (including delivery and takeout orders) and home improvement stores.

You’ll also get 1.25 cents per point when redeeming them for travel via Chase’s travel portal. That means regardless of whether you redeem your Sapphire Preferred points for travel or one of the “Pay Yourself Back” categories, the 80,000 points you earn from the sign-up bonus are worth at least $1,000.

One of the best aspects of the Chase Sapphire Preferred is getting the ability to transfer your points to any of the 13 airline and hotel loyalty programs that are partners with Chase Ultimate Rewards.

Points transfer from the Sapphire Preferred to all of these programs at a 1-to-1 ratio, meaning for every 1,000 points you transfer, you’ll get 1,000 points or miles in the airline or hotel program.

While transferring points and utilizing a partner program takes some time and research, it allows you to get potentially much more value for your points by booking luxury travel such as first or business class flights, or a resort stay in an exotic destination.

Now, if you prefer simplicity when booking your travel itineraries, you may prefer to redeem your points directly through Chase’s travel portal and get 1.25 cents apiece. While this is less value than what you can potentially get by transferring points to partners, for many, it’s an easier way to use your points.

But if you’re willing to strategize a bit and be flexible, you can come up with some pretty amazing travel itineraries by transferring points to a partner program.

Start earning points to fly in first class with the Chase Sapphire Preferred.

The Chase Sapphire Preferred earns 2 points for every dollar you spend on dining and travel, and 1 point per dollar on all other purchases. With travel expected to resume…