Reader Email Sunday: Which Credit Card for Everyday Spending

Jun 26, 2011

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” Hey Brian,

I am new to this world of working the travel system. I want to get a card
for everyday purchases to start accruing mileage points, which one do you
recommend for your everyday spending and why?

Thank you!
Mel “

TPG: There are a lot of good cards out there, but I do think there is one
clear winner right now – Chase Sapphire Preferred card.

The $95 annual fee is waived for the first year and they are currently
offering 50,000 points (Update: offer is now for 40,000 bonus points at sign-up) if you spend $3,000 within the first three months. Points can be transferred to both airlines (Continental and British Airways) as well as hotels (Hyatt,
Marriott, Priority Club) and Amtrak. Also, you can use the points to
buy tickets on any airline and each point is equal to 1.25 cents. A
$400 flight will cost you 32,000 points (and you’ll earn miles on that
flight.). Two other good features are: 1) No foreign transaction fees
(which can save you up to 3% on all spend when you travel outside the
US) and a 7% bonus on all points earned. So if you earn 50,000 points
a year, you’ll get a year-end bonus of 3,500 points.

Basically, at a minimum you are getting $625 in value for a card
with no fees for the first year and a bunch of benefits. I believe this
is the best all around offer right now for someone who wants to accrue
valuable and flexible points.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.