Chase Sapphire Preferred: 100K Points Bonus and What You Need to Know

Introducing the Chase Sapphire Preferred Card

The Chase Sapphire Preferred® card is making waves with its enticing offer of 100,000 Ultimate Rewards points after spending $5,000 in the first three months. The annual fee is $95, which is not waived for the first year, but it's a reasonable amount considering the rising fees of credit cards.

With 100,000 bonus points, you can redeem approximately $1,700, making this one of the most attractive offers the card has ever provided. If you've been considering opening a new card account, now is a great time to do so.

How to Earn the Bonus

To qualify for the bonus, keep in mind that the spending period starts from the date you open your account, not when you receive your card. After you meet the minimum spending requirement, the bonus points will be credited to your account within one billing cycle.

Spending $5,000 in three months isn't too daunting, especially if you have some big purchases planned. If you know how to leverage the bonus categories, you'll rack up even more points during this time.

Eligibility Requirements for the Bonus

Chase has clear guidelines regarding eligibility for the Sapphire Preferred bonus. If you already have this card or have received a bonus in the past, you won't be eligible for the new bonus. Additionally, the number of cards you've applied for or closed may also impact your eligibility.

It's worth noting that if you're an authorized user on the card but not the primary cardholder, you may still qualify. This offer is also not affected by whether you own the Chase Sapphire Reserve card.

Is the Chase Sapphire Preferred Worth It?

The Chase Sapphire Preferred is an excellent choice with an annual fee of less than $100. Its strengths include:

• 5x points on travel purchased through Chase Travel, 3x points on dining, and more.
• An annual $100 hotel credit for bookings made through Chase Travel.
• The ability to transfer points to airline and hotel partners, although the transfer rate to World of Hyatt is 4:3.
• High-quality travel insurance, including trip cancellation and delay coverage.

Overall, this card is ideal for beginners, and even those who aren't seasoned travelers will find its value appealing.

Useful Information for Vietnamese Travelers

If you're considering applying for the Chase Sapphire Preferred card, here are some essential details to keep in mind:

• Visa: Vietnamese citizens need a visa to enter the USA. Prepare your documents and apply through the U.S. Embassy or Consulate in Vietnam.
• Flights: There are numerous flights from Hanoi (HAN) and Ho Chi Minh City (SGN) to major U.S. cities like New York, Los Angeles, and Chicago. Round-trip fares usually range from 15 million to 30 million VND, depending on the time and airline.
• Cost of Living: After leaving the airport, be sure to budget for living expenses in the U.S., with a typical meal costing between 200,000 and 600,000 VND.
• Time Zones: The U.S. has multiple time zones, so pay attention when planning your travels or contacting others.

The Chase Sapphire Preferred card can be a valuable tool to help you spend wisely and enjoy numerous benefits while traveling in the U.S. If you’re planning a trip and looking for a credit card to earn points, there's no reason not to consider this card.

Article sourced and edited from: One Mile at a Time