This is why you should have a Chase Sapphire credit card


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Chase issues the Chase Sapphire Reserve® Card and the Chase Sapphire Preferred® credit card and if you like to travel, if you enjoy playing the miles and points game, and if you like being able to earn valuable points with relative ease, you should probably have one of these cards in your wallet…but not necessarily because of what these cards offer on their own.

Both cards are currently offering good welcome bonuses:

  • Chase Sapphire Reserve® Card: Earn 60,000 bonus points (which I value at $1,200) after spending $4,000 on the card in the first three months of card membership (Annual fee $550)

Both cards offer good earnings rates for travel and dining and, for a limited time, excellent rates at grocery stores:

  • The Chase Sapphire Reserve Card earns:
      • 10 points/dollar on hotels and car rentals booked through Chase Ultimate Rewards*
      • 10 points/dollar on Lyft rides (through March 2025) – link
      • 5 points/dollar on flights booked through Chase Ultimate Rewards*
      • 3 points/dollar for spending on travel that isn’t made through Chase*^
      • 3 points/dollar for spending on dining worldwide
      • 1 point/dollar for spending in all other categories

*After the first $300 is spent on travel purchases annually
^Chase’s “travel” category is very broad so you’ll earn 3 points per dollar on everything from airfare, rental cars, and hotel bookings through to car parking, tolls, and ride-sharing services.

  • The Chase Sapphire Preferred Card earns:
    • 5 points/dollar on travel purchased through Chase Ultimate Rewardsº
    • 5 points/dollar on Lyft rides (through March 2025) – link
    • 3 points/dollar on dining worldwide
    • 3 points/dollar on online grocery spending#
    • 3 points/dollar on select streaming services
    • 2 points/dollar on all travel that isn’t booked through Chase Ultimate rewards^
    • 1 point/dollar for spending in all other categories

ºHotel purchases that qualify for the $50 Anniversary Hotel Credit will not earn 5 points/dollar
^Chase’s “travel” category is very broad so you’ll earn 2 points per dollar on everything from airfare, rental cars, and hotel bookings through to car parking, tolls, and ride-sharing services.
#Excludes Target, Walmart, and wholesale clubs

Both cards earn Ultimate Rewards points which can be transferred to other loyalty programs…

…and which can be used to buy travel directly (through the Chase portal) so you don’t have to worry about blackout dates or award availability.

Both cards also offer a good set of benefits for cardholders (like primary rental car cover, cover and, in the case of the Reserve card, a $300 travel credit, Priority Pass membership, and great trip delay protection…but none of these is the main reason I believe most people should hold a Sapphire credit card.

One of the biggest benefits of holding one of the Sapphire cards is that they open up the option for cardholders to improve their earnings from 3 of the best no annual fee cards around.

Let’s start with the Chase Freedom Flex℠ credit card.

This a card that comes with no annual fee and which earns 5% cash back on spending made in specific categories (up to $1,500 of spending) every quarter, 5% cash back on travel purchased through Chase’s travel portal, 3% cash back on dining (includes take-out and delivery), 3% cash back on spending at drugstores, and 1% cash back on spending in all other categories

On its own, the cash back that the Chase Freedom Flex℠ credit card offers can represent a great return on spending, but for holders of a Sapphire card this cash back can be made considerably more valuable.

Someone holding one of the Sapphire cards alongside a Chase Freedom Flex℠ credit card can choose to take that cash back in the form of transferable Ultimate Rewards Points (1% cash back = 1 point) so as I value Ultimate Rewards Points at 1.5 cents each (based on the return that I get from them with little effort), someone pairing a Sapphire card with a Chase Freedom Flex℠ credit card will be able to earn an effective return of between 1.5% and 7.5% when they use their Flex card. That’s a 50% uplift in value and that’s nothing short of amazing for a card that comes with no annual fee.

The good news doesn’t end there…

There’s also the Chase Freedom Unlimited® credit card to consider.

This card also comes with no annual fee and earns 5% cash back on travel purchased through Chase’s travel portal, 3% cash back on dining (includes take-out and delivery), 3% cash back on spending at drugstores, and 1.5% cash back on spending in all other categories (with no cap). This makes it one of the better cashback cards on offer….but combined with a Sapphire card it gets even better.

Just as with its sister card, the cash back earned through the Chase Freedom Unlimited® credit card can be converted to Ultimate Rewards points if you also hold a Sapphire credit card and that would see this card earnings boosted to between 2.25% and 7.5% (depending on the spending category) – that’s another 50% uplift in value.

Last, but not least, we have the Ink Business Cash® Credit Card which is one of the best business credit cards you can get…but it becomes even better if you pair it with a Sapphire card.

The Ink Business Cash® Credit Card charges no annual fee, offers fantastic earnings…

  • 5% cashback on the first $25,000 spent in combined purchases each year on:
    • Office supply store purchases
    • Internet services
    • Cable services
    • Phone services
  • 2% cashback on the first $25,000 spent in combined purchases each year on:
    • Gas station spending
    • Dining
  • 1% cashback on all other spending (no cap)

…and it offers primary rental cover protection (when renting for business), purchase protection, and extended warranty protection too.

On its own, the Ink Business Cash® Credit Card is a fantastic card to hold but, if you hold it alongside a Sapphire card, the cashback can be converted to Ultimate Rewards points (1% cashback = 1 point) and as with the other two cards that I’ve mentioned, the value you can extract gets even better.

Holding a Chase Sapphire card alongside one or more of these three three excellent no annual fee credit cards gives the holder a very powerfuly credit card combination.

Bottom Line

I could probably make quite a few reasonable arguments as to why you should hold the Chase Sapphire Reserve® Card or the Chase Sapphire Preferred® credit card based purely on the earning rates and the benefits that these two cards offer, but the best reason to have one of these cards in your wallet is that they turn very good no annual fee cards into cards that no miles and points enthusiast should be without – how else can you get a no annual fee card to return an effective rebate of 7.5%?

10 COMMENTS

  1. A data point. My adult child has the Sapphire Preferred in the “offers” section of the Chase website, as well as in the “offers” section of Credit Journey.

    Ironically, on the Credit Journey section of the site, the offer is 70,000 points, with $4,00 of eligible spend within the first three months. At the Chase site, it’s just 60,000 miles.

    After a live chat with a support agent, they say the 70,000 mile offer is valid as long as you apply through Credit Journey – and it’s listed in your offers section.

    SO_CAL_RETAIL_SLUT

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