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Chase Sapphire Preferred Card
FM Mini Review: Great signup bonus. This may be the single best "starter card" for those eager to get into miles & points.
Earning rate: 2X Travel and Dining
Noteworthy perks: Primary auto rental collision damage waiver
Note: This card is known to be subject to Chase's 5/24 rule.
See also: Transferable points programs
OverviewPrior to the release of the Chase Sapphire Reserve card, the Sapphire Preferred card was one of my favorite travel cards. The card offers 2 points per dollar for all travel & dining purchases, no foreign transaction fees, and primary rental car coverage for only $95 per year.
For an effective rate of only $55 more, you can get the Sapphire Reserve card instead. The Sapphire Reserve card offers 3 points per dollar for travel & dining, better redemption value, lounge access, and more. The only real advantage of the Sapphire Preferred is the lower annual fee and the fact that authorized user cards are free (the Sapphire Reserve charges $75 for each authorized user).
With the Sapphire Preferred Card, Ultimate Rewards points can be redeemed as follows:
Related CardsAll of the following cards earn Ultimate Rewards points. Those marked with an asterisk are premium cards that allow points to be transferred to select airline and hotel loyalty programs. The others are advertised as cash back cards, but they really earn Ultimate Rewards points. You can move those points to loyalty programs indirectly by moving them first to a premium card and then to an airline or hotel program: