Chase Sapphire Preferred® Card – $400 Cash or $500 Travel

by Michael P

In terms of credit card sign-up bonuses, the Chase Sapphire Preferred® Card is as good as it gets.  This travel credit card features 40,000 bonus points are earned after a new cardholder has spent $3,000 within the first three months and those points can be redeemed for a variety of things.  Most notably, $400 cash OR a plane ticket or hotel accommodations worth up to $500.  The reason you can redeem your points for better than a 100 point to $1 ratio in terms of travel, is because travel redemption is automatically makes your rewards points 25% more valuable.  10,000 points are worth a plane ticket up to $125; 20,000 points are worth a plane ticket up to $250 and so on.

Should you find yourself in need of a more expensive ticket, the Chase Sapphire Preferred® Card allows you to cash in your points and simply pay the difference.  As an added bonus, cardholders will earn a 7% Annual Points Dividend at the end of the year, meaning 10,000 points earned turn into 10,700 points.  Pretty neat huh?

There is a $0 intro annual fee for the first year, then $95 per year after that. You will earn 1 point on every dollar spent and double points earned for bookings through the Chase Ultimate RewardsSM website. You can also save up to 20% when you book airfare, hotels, car rentals, and cruises through Ultimate RewardsSM. With all of these benefits, it easy to see why this card is usually at the top of consumers best travel rewards cards list.

For those still on the fence, there’s on additional benefit I’d like to briefly discuss and that’s access to a human being at all hours of the day, everyday.  The Chase Sapphire Preferred® Card will provide you a phone number that can connect you to a live agent in less than 60 seconds.  Should you ever run into any problems, the comfort of knowing you have access to a live customer service representative can save you a lot of unnecessary headaches.

This cared is for people with good or great credit.  If you are looking for credit card offers for fair credit then this card will not meet your needs.  The card does not even offer balance transfer options for most people because of the high credit requirements.

Considering the $400 cash back bonus (or $500 travel), no foreign transaction fees, solid rewards structure and easy access to customer service, the Chase Sapphire Preferred® Card is in a class of it’s own.  To take advantage of this limited time promotion, visit the Chase Sapphire Preferred® Card website.

Published or updated August 13, 2015.
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{ 3 comments… read them below or add one }

1 basicmoneytips

I have also been a fan of Chase, and their credit cards are no different. This is really a great deal when you think about it.

If you can use credit cards wisely, it is a no brainer that you should be putting items on them that you pay off just to get the benefit of the points.


2 David

How is chase paying out the $250? They only pay out in amounts like $100, $200, or $300. If you have a credit for $250 you only get $200 and have to spend another $500 worth to get another $50 so you can cash out the other $50.

The offer details on the site only mentioned the air ticket credit in details, doesn’t mention the cash details other than 25,000 points can translate into $250 cash. Based on how Chase treats cash payouts one would need to spend $3500 to get $300.


3 David

sorry, bad math. Essentially spending $3000 only gets you back $200 cash based on chase’s cash out system.


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