Up to 5 Free Hyatt Nights With Chase Sapphire Preferred - Waived Annual Fee
Update: Some offers mentioned below are no longer available. View the current offers here.
Update: The Chase Sapphire Preferred® Card sign-up bonus offer is now 50,000 points when you spend $4,000 in the first 3 months.
Chase is now waiving the $95 annual fee for the Sapphire Preferred and offering 25,000 Ultimate Rewards points when you spend $3,000 in the first three months.
While it is not widely publicized, Ultimate Rewards points transfer to Hyatt, Continental, British Airways, Marriott and Priority Club at a 1:1 ratio and usually instantly (check out the full Ultimate Rewards program booklet here though note this is from last summer before the Hyatt card launched. Since the Hyatt card is issued by Chase, Ultimate rewards points can now be transferred to Hyatt- if you are skeptical, call to confirm before applying for the card). There's also no foreign transaction fee and you get a 7% annual dividend on the total amount of points you accrue throughout the year (even if you spend them). So if you spend $25,000 a year, you'll earn 25,000 Ultimate Rewards Points plus 1,750 extra points as your dividend.
Personally, I think it's a great value when transferring to Hyatt, since the to category 6 hotels are 22,000, so this offer equals a free night at a $500+ Park Hyatt, with 3,000 points left over. This would also be 5 nights at a category 1, so if you want to redeem for lower level properties, this card may make more sense than the $75 Hyatt card which only gives 2 nights.
This is one of the credit cards that I do get credit if you sign up, but I want to stress I'm not promoting it for that reason. Considering the huge value with Hyatt and the waived annual fee and no pesky foreign transaction fees, which I wrote about yesterday, I firmly believe this is a solid card all around.
TPG featured card
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
| 5X miles | Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel |
| 2X miles | Earn unlimited 2X miles on every purchase, every day |
Pros
- Stellar welcome offer of 75,000 miles after spending $4,000 on purchases in the first three months from account opening. Plus, a $250 Capital One Travel credit to use in your first cardholder year upon account opening.
- You'll earn 2 miles per dollar on every purchase, which means you won't have to worry about memorizing bonus categories
- Rewards are versatile and can be redeemed for a statement credit or transferred to Capital One’s transfer partners
Cons
- Highest bonus-earning categories only on travel booked via Capital One Travel
- LIMITED-TIME OFFER: Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app