From a street view, a credit union looks just like a bank: rows of teller windows, convenient drive-through lanes and attractive lobbies. But hidden within those walls are some key differences that clearly separate credit unions from banks. Yet credit unions still remain a mystery to many American consumers. That seems to be changing. Ever since the financial crisis led...
|Signing Promotion||40,000 points after spending $3,000 within first 3 months|
|Reward Rate||1 point per $1|
|Annual Fee||$0 intro first year, then $95|
|APR, Variable||15.24% (Variable)|
|Cash Advance APR||19.24%|
2 points per dollar spent on travel and at restaurants & 1 point per dollar spent on all other purchases
Receive a 7% annual points dividend
Get 20% off travel when you redeem for airfare, hotel stays, car rentals and cruises through Ultimate RewardsSM
1:1 point transfer to participating frequent travel programs - that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
Introductory Annual Fee of $0 the first year, then $95
See card issuer's website for details about terms and conditions of offer.
Excellent Credit Needed
- 40,000 point bonus when you spend $3,000 in the first three months, equivalent to $500 toward travel
- Generous points for travelling and eating out
- No international transaction fees and wide global acceptance, making it ideal for world travellers
- Points can be transferred to many different rewards programs
- $95 dollar annual fee, so best for frequent travellers and restaurant lovers
The Simple Dollar’s Review
Some rewards cards have complicated rules and stipulations, but thanks to a straightforward points system and a huge sign up bonus, it’s easy to rake in rewards with the Chase Sapphire Preferred® Card credit card. You earn one point for every dollar spent, and double points on travel and dining. The points can be redeemed for all sorts of things, with a rough value of 1 cent per point, but they go 20% further when used on travel. For example, a $500 flight requires 40,000 points. Additionally, you receive a 40,000-point signup bonus if you spend $3,000 in the first 90 days, which is more than enough for a free flight.
You’ll also earn a yearly dividend of 7% on all points earned. So if you earn 10,000 points in the first year, you’ll get a bonus of 700 more. Points can even be transferred at a one-to-one conversion to numerous other travel rewards programs for flights, trains, and hotels.
There is a $95 dollar annual fee, which is a little steep, but it’s waived for the first year. However, you should do your fair share of travelling and eating out to make this card worth the fee. This card is ideal for salespeople, international business travellers, and vacationers because points accumulate very quickly. Plus, there’s no foreign currency transaction fees, and the card is widely accepted around the world. Be sure to check out all of the other travel perks you get with this card.
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