5 reasons the Chase Sapphire Preferred credit card is a powerhouse - Business Insider

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The credit card rewards space is more competitive than ever, but the Chase Sapphire Preferred Card is still a powerhouse

For comparison, the Sapphire Reserve's fee is $450. Although the rewards and benefits more than make up for that, you'd still need to have the liquid cash available to pay the fee up front, then get the value back later.Chase offers a few valuable ways to use your points — you canOne option is to redeem them for cash or gift cards at a rate of 1 cent per point. That means that your 60,000-point sign-up bonus would be worth $600.

The next option is to use points to book travel through Chase. When you do that, you'll get a 25% bonus in value — points will be worth 1.25 cents each, so that 60,000 points would be worth $750.— is to transfer them to one of Chase's 13 frequent flyer and hotel loyalty partners. While that last method can get complicated, it can easily be worth it; that's how I've booked flights in5. The card comes with a suite of useful travel benefits and protections.

 

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