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Just got the Chase Sapphire Preferred? Do these 6 things next

April 25, 2022
8 min read
Close up of young Asian woman enjoying freshly made pizza in an Italian restaurant
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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.

Related: A top travel card contender: Chase Sapphire Preferred credit card

Those fully transferable points are incredibly valuable with all sorts of redemption options. Add in the current sign-up bonus — 60,000 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 60,000 bonus points after $4,000 in spending in the first three months.

If you just got your Chase Sapphire Preferred, make sure you take these steps so that you’re maximizing your card and its points from day one.

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Consider adding an authorized user

(Screenshot courtesy of Chase)

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 60,000-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.

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Related: Adding your kids as authorized users to your credit cards

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. Of course, 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. When you add your Sapphire Preferred to your DoorDash account, you'll activate your complimentary membership to DashPass. This will allow you to start enjoying $0 delivery and reduced service fees on eligible orders, and the benefit will run through Dec. 31, 2024.

Related: The best credit cards for dining out, taking out and ordering in

Set the card as your default for future travel purchases

Toll payments often earn 2x points per dollar spent on the Chase Sapphire Preferred card. (Photo by pkanchana/Getty Images)

When you pay for travel with the Sapphire Preferred, you’ll earn 2 points for every dollar spent, even on expenses such as 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 2025.

Chase defines travel very broadly:

"Merchants in the travel category include 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."

This means that you'll earn 2 points per dollar spent by using the Sapphire Preferred for any of these items.

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 or other prepaid travel expense.

Update your rental car profile

(Screenshot courtesy of nationalcar.com)

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 can give you valuable peace of mind when traveling. Plus, car rentals count as travel and thus earn 2 points per dollar, so you’ll get double points and enhanced protections.

As summer trips approach and millions of travelers take to the roads, this is an increasingly important step to take.

Related: Best credit cards for rental car coverage

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.

(Photo by Chris Dong/The Points Guy)

When paying with the Sapphire Preferred, you will earn 5 points per dollar on Peloton Bike, Tread and Guide purchase over $450, 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.

Just note that these perks are only available through June 30, 2022, so you'll want to make these purchases in the next couple of months.

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 to your wallet will allow you to build up your Ultimate Rewards balance even faster.

For example, with the Ink Business Preferred, 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 5 points per dollar with specific types of merchants, on up to $1,500 in spending per quarter. Categories for the second quarter of 2022 are select streaming services and Amazon.com purchases. 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. As a result, make sure you sign up for these cards before adding others to your portfolio.

Related: Maximize your wallet with the perfect quartet of Chase cards

Bottom line

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 60,000-point welcome bonus, it's a great 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.

Apply here for the Chase Sapphire Preferred Card with an 60,000-point bonus.

Additional reporting by Ryan Wilcox.

Featured photo by d3sign/Getty Images

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

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TPG featured card

Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site

Rewards

1 - 10X points
10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases

Intro offer

Earn 10,000 Bonus Points
Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

Annual Fee

$95

Recommended Credit

Fair/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site
Terms & restrictions apply. See rates & fees
Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases
  • Intro Offer
    Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

    Earn 10,000 Bonus Points
  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    Fair/Good

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees