Got the Chase Sapphire Preferred with 100,000 point bonus? Do these 6 things next
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There’s no question that the Chase Sapphire Preferred Card is one of my all-around favorite credit cards. Before the Chase Sapphire Reserve launched, I used the Sapphire Preferred for years to cover most of my purchases — thanks to the 2 points per dollar earned on all travel and 3 points per dollar dining, two broad categories that cover far more than just the obvious restaurants and hotels.
Those fully transferable points are incredibly valuable with all sorts of redemption options. Add in the current all-time high sign-up bonus — 100,000 bonus points after you spend $4,000 on purchases in the first three months from account opening — and it’s easily one of the best travel credit cards out there, especially for beginners to points and miles.
Application link: Chase Sapphire Preferred Card available with 100,000 bonus points after $4,000 in spending in the first three months.
If you just got your Chase Sapphire Preferred with its historic welcome bonus, make sure you take these steps so that you’re maximizing your card and points from day one.
Consider adding an authorized user
Having an authorized user on your Sapphire Preferred account lets you earn points faster and makes it easier to hit the card’s $4,000 spending threshold to earn the current 100,000-point sign-up bonus. It can also enable you to transfer the points to one of Chase’s 10 airline frequent flyer or three hotel partner’s program account in the name of one household member who is also an authorized user on your card.
It takes less than a minute to add an authorized user online, and there are a ton of ways to maximize Chase points.
Add your card to takeout and delivery apps
By adding the Chase Sapphire Preferred to delivery services such as Seamless and Grubhub, you’ll maximize your point-earning ability since you get 3 points per dollar on all dining purchases. If you have other cards that earn extra points for dining at restaurants, such as the American Express® Gold Card (4 points per dollar spent on dining at restaurants), you may want to use those cards instead. Regardless, be sure to add your card to dining rewards programs to earn bonus points for eating at restaurants.
And you definitely don’t want to forget DoorDash. You’ll want to add your card to your DoorDash account and activate your complimentary year of DashPass as soon as you can so you can start enjoying $0 delivery and reduced service fees on eligible orders.
Set the card as your default for future travel purchases
When you pay for travel with the Sapphire Preferred, you’ll earn 2 points for every dollar spent, even on expenses such as E-ZPass tolls and monthly parking. Based on TPG’s valuations, this equals a 4% return on spending.
When taking a Lyft ride charged to your Sapphire Preferred, you’ll actually earn 5 points per dollar until March 2022.
Chase defines travel very broadly, counting “airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages” as travel for 2 points per dollar on the Chase Sapphire Preferred.
Not only that, but the card comes with some built-in travel protections that make it a really smart choice when booking your next flight, car rental, etc.
Update your rental car profile
Adding your Chase Sapphire Preferred info to your various rental car profiles lets you take advantage of the card’s primary rental car coverage, which will save you a bundle on each car rental. This gives you full coverage for many car rentals around the world. Plus, car rentals count as travel and earn the 2 point per dollar bonus, so you’ll get double points and enhanced protections.
As travel starts to return and domestic road trips are being planned, this is an increasingly important step to take.
Add it to your Peloton account
If you are a Peloton fan — or are hoping to become one — the Sapphire Preferred is a pretty rewarding card for Peloton purchases and ongoing memberships.
When paying with the Sapphire Preferred, you will earn 5 points per dollar on Peloton Bike, Tread and accessory purchase over $1,800, with a max earn of 25,000 points.
On top of that, the Sapphire Preferred also provides up to $60 in statement credits on monthly Peloton memberships, so go ahead and make it the default card in your Peloton profile if you pay for monthly classes to save yourself $60.
Complete the Chase Quartet
When the time is right for you to get your next card, adding the Ink Business Preferred Credit Card, Chase Freedom Flex and/or Chase Freedom Unlimited cards to your wallet will allow you to build up your Ultimate Rewards balance even faster.
For example, with the Ink, you can earn 3 points per dollar on the first $150,000 spent each account anniversary on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites.
Meanwhile, the Freedom Unlimited offers 1.5% cash back on purchases, but that cash back comes in the form of Ultimate Rewards points that can be combined with the ones from your other Chase Trifecta cards and transferred to valuable airline and hotel partners.
Finally, the rotating quarterly categories on the Chase Freedom Flex let you earn at 5 points per dollar with specific types of merchants each quarter, on up to $1,500 in spending per quarter. Categories for the second quarter of 2021 are gas stations and home improvement stores. The Freedom Flex and Freedom Unlimited also offer 5% back on travel booked through the Chase Ultimate Rewards portal and 3% back on dining and drugstores.
Remember Chase’s 5/24 rule, under which Chase won’t approve your application for additional credit cards if you’ve opened five or more credit cards (from any bank) in the last two years, and make sure you sign up for these three cards before adding others to your portfolio.
Even after 12 years, I still love the Chase Sapphire Preferred as a great card with an annual fee under $100, and I think you will, too. With this 100,000 point welcome bonus, there’s never been a better time to give the card a try.
Just be sure to follow the steps above to make sure you’re earning as many points and statement credits as possible. When you get the card, your hard work can definitely pay off with some epic award trips available just around the corner.
Featured photo by Isabelle Raphael/The Points Guy.
Welcome to The Points Guy!
WELCOME OFFER: 100,000 Points
TPG'S BONUS VALUATION*: $2,000
CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, 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.
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 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.