Why crafters should weave the Chase Sapphire Preferred Card into their wallet

Jun 25, 2021

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

You may have become more of a DIY enthusiast last year due to the stay-at-home orders during the COVID-19 pandemic. At-home projects may have included cleaning out closets, organizing boxes of photographs and stepping into the world of crafting — think knitting, quilting, sewing, candle-making, needlepoint and more.

Related: How to maximize rewards and savings on crafting supplies

Working with your hands creates a sense of accomplishment and the result is a one-of-a-kind creation. You may have even sewn masks to protect yourself or your loved ones as they ventured out. Even if you aren’t wearing a mask like you used to, your love of crafting can still continue as more people are vaccinated and restrictions subside.

New to The Points Guy? Want to learn more about credit card points and miles? Sign up for our daily newsletter.

The money you spend on the Chase Sapphire Preferred for your knitting hobby can yield great travel redemptions. (Photo by Nicoleta Ionescu/Shutterstock)

Crafting has increased in popularity and through some strategic planning using rewards credit cards, you can earn points toward valuable shopping and travel benefits. You can also earn perks at home improvement stores and get awarded gift cards, resulting in supplies — with no heavy lifting involved.

If you are looking for a new credit card, consider the Chase Sapphire Preferred Card, which is jam-packed with perks that are especially valuable if you’re a crafter.  Read on to learn how to get crafty with this standout rewards credit card.

In This Post

Why this is a great time to apply

The Chase Sapphire Preferred’s annual fee is $95, which is a moderate fee in the marketplace. This fee isn’t waived the first year like other cards you may have, so you should be amenable to paying the fee beginning with your first month’s statement. However, the value of the card easily justifies this fee, thanks to perks including trip delay insurancetrip cancellation insurance, baggage delay insurance, lost luggage reimbursement, primary rental car coverage, a one-year complimentary DashPass membership with DoorDash and up to $60 back on an eligible Peloton Digital or All-Access membership through Dec. 31.

Related: 100,000-point bonus for a top travel card: Chase Sapphire Preferred credit card review

Chase is wooing new cardholders with the largest sign-up bonus ever offered for the Sapphire Preferred: a groundbreaking 100,000 bonus points after spending $4,000 in the first three months of opening a new account. TPG values this sign-up bonus at a rich $2,000 toward travel through Chase Ultimate Rewards, which you can use to attend a scrapbooking convention or take a photography course with National Park Photography Expeditions.

Related: Top reasons to apply for the Chase Sapphire Preferred Card

Earning the sign-up bonus

The top strategy is to acquire the sign-up bonus of your Chase Sapphire Preferred Card. You must reach the $4,000 spending threshold in the first three months of opening your account. You should spend judiciously, however, and not run up credit card debt on unnecessary items. The best course of action is to plan out a strategy for spending. And if you’re a crafter, here are some suggestions.

Related: TPG’s 10 commandments of credit cards

You could be well on your way to reaching $4,000 by buying a sewing machine or professional supplies or creating the crafting studio of your dreams by redoing that extra bedroom that has been storing junk for years. Be sure to keep your renovation and purchasing plans on a tight timeline. Pay your vendors using your Chase Sapphire Preferred Card within the first three months so you can reach the threshold. If you don’t, you’ll miss out on earning the 100,000-point bonus.

How to stretch rewards even more

Once you reach the spending requirement and the points are awarded, it’s time to really get your creative juices flowing. If you are renovating your crafting space or stocking up on supplies, here are some nifty ways to stretch your points.

Earn more. Chase Sapphire Preferred points are currently worth 25% more when redeemed through Pay Yourself Back for purchases at home improvement stores. This offer runs through Sept 30, 2021. You may want to head to your Home Depot or Lowe’s to pick up crafting and DIY supplies and redeem points on that purchase at more value.

Shop with gusto. You can also shop for gift cards within Ultimate Rewards – sometimes at a discount. There are dozens of merchants to choose from, including Target. So you can use your points to purchase the gift card and then buy the crafting supplies you need.

Link to your Amazon account. You can redeem Chase Ultimate Rewards on Amazon.com. It’s very straightforward and convenient. Make sure your Chase Sapphire Preferred is linked to your Amazon.com account. The payment terms are very flexible. You can choose the number of points you want to redeem and then pay the balance using your credit card. Best of all, if you are an Amazon Prime member, you enjoy free shipping on qualifying purchases. Instead of lugging that paper-cutting machine from the local store, have it shipped directly to your front porch.

Redeem your points for craft-related travel

Use your Chase Sapphire Reserve to book a quilting cruise on Holland America. (Photo courtesy of Holland America)

If you need to venture to New York City to purchase custom material at Mood Fabrics for window coverings you’re making, Chase’s 10 airline and three hotel transfer partners can help get you there.

Even if you’re not jetting off quite yet, your everyday spending can help your hobby goals. Your Chase Sapphire Preferred works in your favor for everyday spending, as you’ll earn 2x points on travel and 3x points on dining. Taking a quilting cruise? Doing a day trip to collect seashells for a custom picture-frame project? Painting a local farmer’s market scene? Your Chase Sapphire Preferred card continues to earn points. Use it to pay for your hotel stays, gas, dining and delivery, airline tickets, cruises and more. If you decide you want a private vacation rental, you will earn points as well.

Related:  Reach for your Chase Sapphire Preferred for post-pandemic travel

It doesn’t stop there: Your Chase Sapphire Card earns  5x on travel when booked through the Chase Ultimate Rewards portal,

3x points on dining,3x points on select streaming services, 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs), 2x points on all other travel, and 1x points on all other purchases. You can get a new drafting desk, crafting shears or skeins of yarn to knit or crochet a blanket as you stream movies from your living room sofa.

Even if you purchase high-ticket crafting merchandise, your Chase Sapphire Preferred continues to shine. Eligible Chase cardmembers can break up card purchases of $100 or more into fixed monthly payments with My Chase Plan. You won’t be charged interest, only the fixed monthly fee. So if you’re looking to purchase a new computer for designing, you’re able to use My Chase Plan to budget your payments.

Bottom line

As a crafter, you know there are ongoing expenses for supplies and expensive equipment such as sewing machines, lights, desks and other necessities. If you are opening a new Chase Sapphire Preferred and you want to snag this massive 100,000-point sign-up bonus, make sure you reach the $4,000 spending requirement within the first three months of opening your account. As you invest in your crafting endeavors, don’t overextend yourself. Pay your account balances off in full. If you don’t, any rewards you earn will be offset by hefty interest charges.

Ready to get the card? Apply here for the Chase Sapphire Preferred with 100,000 increased bonus

Featured photo by Clint Henderson/The Points Guy.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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.