If you want a travel and dining rewards card that offers an even more valuable sign-up bonus at a lower annual fee, check out the Chase Sapphire Preferred® Card.
At $95 a year, the Chase Sapphire Preferred® Card offers the following sign-up bonus: 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®.
Along with redeeming Ultimate Rewards points for cash, statement credits, gift cards, travel and products and services, Chase Sapphire Preferred® Card members can transfer points to a variety of travel transfer partners at a rate of 1:1.
While the Chase Sapphire Preferred® Card offers the opportunity to earn a higher rewards rate on flights booked directly with airlines or on amextravel.com, the Chase Sapphire Preferred® Card also offers an elevated rate in a broader variety of travel categories, including airlines, hotels, motels, timeshares, car rental agencies, discounted travel sites and campgrounds, as well as operators of passenger trains, buses, taxis, limousines, ferries, toll bridges, highways, parking lots and garages.
Chase Sapphire Preferred® Card points are typically valued at 1 cent each; however, as stated above, they are worth 25% more when redeemed for travel through Chase Ultimate Rewards®. Cardholders can also get 25% more value from their points when redeemed for statement credits to cover purchases in the following categories: grocery stores, dining (including restaurants, takeout and eligible delivery services), home improvement stores (such as Home Depot and Lowe’s,) and charitable organizations through April 30, 2021.