This is my primary card. My wife also has an upgraded version of this card (more on this in a future post).
Here are a few reasons this card is so great:
The welcome bonus is usually very generous.
A welcome bonus is a reward you get for applying for the card and putting a certain amount of spend on it during a specified time period.
As an example, right now the welcome bonus is 80,000 Chase Ultimate Rewards Points after you spend $4,000 in the first 3 months. This is the highest welcome bonus I've ever seen on this card. It probably won't last long. It's most often between 40,000-60,000 points.
Usually you have to spend $80,000 to get 80,000 points. But, to reward you for applying, they’ll give you 80,000 points just for spending $4,000. Quite a reward, especially when you take into account the value of Chase points.
These 80,000 points are worth between $1,000-$1,600 in free travel (depending on where you use them).
You earn 2x points on restaurants & travel.
Meaning, each dollar you spend in these categories generates not just 1 point but 2 points. That can add up quickly.
The Points are worth 25% more when redeemed on Chase’s Ultimate Rewards Portal.
If you’re booking travel through the Chase portal and you have 80,000 points, it’s like having 100,000 points to book with (25% more).
It has a low annual fee.
At $95/yr (sometimes waived the first year), you can get way more benefits out of this card than you pay. And if you’re just in it for the welcome bonus, you can always cancel it at the end of the first year to avoid the next annual fee.
There is a great refer-a-friend program.
Once you get a Chase Sapphire card, each friend you refer earns you a 15,000 point bonus. That’s worth over $150 in free travel! And you can refer 5 friends each year!
Speaking of referring a friend, if you decide to get this card, would you use our referral link? You get the same offer from Chase and it gives us some extra bonus points. My wife thanks you ahead of time! Ha!