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Wednesday, 15 January 2020

Capital One Spark Miles for Business Review - 250,000 Air Mile Points Bonus Boost by 40% Transferring to Partner Programs

Capital One Spark Miles for Business


The Capital One Spark Miles for business credit card is a thing of beauty. I've been reviewing travel reward card for years and this card at the moment is top dog. 

If flying to far flung exotic destination is your thing continue reading because you're going to be blown away by the generous air miles on offer here, it is literally out of this world.

The Capital One Spark Miles for business credit card has a limited time offer where you can earn 200,000 bonus air miles, yes, you read that correctly. 

Suppose you are approved for the capital one spark miles for business travel rewards credit card you will be able to go on holiday very quickly. This is particularly suited to those who have high business expenses because you will need to spend $50,000+ to get this bonus.

The generous air miles offer on the capital one spark miles for business won't last for long so you need to hurry. 

The highlights of this card don't stop there, you also have the opportunity to earn another 50,000 air mile bonus. 

I've analyzed this card in details and you got to check out the highlights below to get your travel juices flowing.



Highlight 1: This is an incredibly offer, and as I mentioned earlier, it is perfect for those who have a business or are starting a business and need to spend at least $50,000 or more.

For a limited time only, the capital one spark miles for business credit card is offering 200,000 bonus air miles worth up to $2000, you can boost the air miles using Airline Partner Programs to $2800! To earn this bonus you need to spend $50,000 in the first 6 months.

Highlight 2: The Capital One Spark Miles for business bonuses don't stop there. You can earn an additional 50,000 air mile bonus when you spend $5000 in the first 3 months of account opening. So in total you can earn 250,000 by spending a total on $50,000 which is very generous.

Highlight 3: The Capital One Spark Miles for business credit card allows you to earn 2X miles per dollar. The incredible thing is you can earn the air miles on every purchase you make everywhere. 

There are absolutely no limits or restrictions by category and the air miles will never expire as long as you have your credit account open. 2X is very generous so take advantage before Capital One consider lowering this to 1.5 as they will inevitably do.

Highlight 4: If 2X wasn't enough to make your mouth water how about 5X? The Capital One Spark Miles for business credit card offers 5X air miles on hotel and car rental, so if you or your employees travel all over the world you can really clean up and earn 5X without any upper limits.

Highlight 5: Undoubtedly, this is a fantastic offer but it doesn't end there. Like I mentioned earlier, Capital One allows you to transfer your air miles to 10 other travel loyalty programs like Emirates, Air Canada, and JetBlue, every time you transfer to these partners you can boost the points you have. 

Suppose you've managed to bag the full 250,000 points, when you boost this it will rise to 350,000, the process of transferring is quite involved but well worth the investment.

Highlight 5: The Capital One Spark Miles for business credit card allows you to redeem your air miles instantly for travel related expenses, this includes flights and hotel to ride sharing services such as Lyft and Uber. This is perfect for those who don't want to faff around and boost their points.


Capital One Spark Miles for business FICO Score


I think by now we've established this is a brilliant card and one that you need to apply for if you own or are looking to start a business.

Before you get all excited about the prospect of jetting off on the perfect holiday you should consider your credit report and FICO credit score.

To be considered for the Capital One Spark Miles for business credit card you will need a FICO score of 700+. I always say aim for 750 before you apply so you are certain of being approved. There's nothing more annoying than getting all excited about a card and then being declined, it feels like your being dumped.

Anyway, along with a FICO score of at least 720+ you should also take the time to go through your credit report thoroughly. Look out for any mistakes and fix them. If there is negative data on your credit report you need to dispute the items and get is removed ASAP. 

You should also try to keep your credit utilization under 30% and not make any credit inquiries for at least 6 months leading up to the application. Finally, having 3 years or more of credit history will help further your chances.

Meeting all the requirements I've mentioned above sounds daunting. If you're falling short don't beat yourself up. I had poor credit but eventually through patience and perseverance I was able to improve my FICO score to Excellent Credit. It is possible, just takes about 6 months to a year and you really got to put in the hard miles. 

Once you've improved your credit you will have incredibly fun finding and applying for the best credit cards which will take you to far flung exotic destinations.


Maximizing Capital One Spark Miles for business Credit Card


The fun part for all cashback and travel reward credit cards is getting the most out of the benefits. I think the majority of cardholders who have the Capital One Spark Miles for business credit card only use up and take advantage of 10% of the air miles on offer. 

Personally, I like to milk the rewards dry, if it's being offered I'm not going to say NO, if you know what I mean.

With all that said, how do you actually make the most of the Capital One Spark Miles for business credit card? Well there are strategies out there that will blow your mind away. I've listed some of the strategies I've found on Reddit and NerdWallet.com. These are relatively simple strategies which give you big wins. So without further ado...

Strategy 1: You have got to plan how you're going to spend $50,000 on your business. If you're starting out or expanding this is the credit card for you especially if you like to travel.

Always have a plan on how you will spend the money, this strategy isn't a license to spend money irresponsibly, the repercussions could be disastrous. With that said, make a list of the 'absolutely required expenditure' and then once your approved you can start to spend strategically.

Spend $5,000 in the first 3 months and collect 50,000 air miles. Then spend $50,000 within 6 months of account opening and collect another 200,000 air miles.

Total air miles collected 250,000 which is equivalent to $2,500 in travel money.

Strategy 2: Thinking of starting a family business with your partner, if so, the Capital One Spark Miles for business credit card is a marriage made in heaven. 

Refer your partner to the Capital One Spark Miles for business, if they're approved you can both spend a combined $100,000 on your business and collect 500,000 air miles in total.

You = 250,000 air miles
Partner = 250,000 air miles
Total = 500,000 air miles

Strategy 3: Well done! you've got half a million air miles under your belt, you are in an exclusive club, but how about boosting this ever further?

The Capital One Spark Miles for business credit card allows you to redeem your air miles for travel expenses by wiping out travel related expenses on your credit card balance. This is how most novice travel reward card users operate. 

Suppose you want more bang for your buck you need to know how to transfer your points to other travel loyalty programs to get an additional boost. At the time of writing this blog post, the boost was an incredible 1.4 which means your 500,000 air miles will be boosted to 700,000 which will give you $7,000 in travel rewards!

Strategy 4: The Capital One Spark Miles for business is perfect for those who have a medium sized business that hires employees and requires travel. 

You can make all the travel arrangements on the Capital One Spark Miles for business and earn 5X air miles on every $1 spent. You can make a fortune using this strategy and fly off to Uber cool locations every year.

Strategy 5: This goes without saying, once you have the Capital One Spark Miles for business you need to stop spending cash or using your debit accounts. 

Every expenditure must go through the Capital One Spark Miles for business credit card and paid off in full at the end of the month to avoid additional interest cost. 

Do not underestimate the effectiveness of this simple strategy, at the end of the year you will collect a shed load of air miles.

Using these simple but effective strategies using the Capital One Spark Miles for business can bag you a lot of air miles. Using our example above, you and your partner have the potential to collect at least 700,000 air miles by spending $100,000 on your business which by all intents and purposes is incredible!


Capital One Spark Miles for business Final Thoughts


So how do I sum up the brilliant Capital One Spark Miles for business? I think I've presented a compelling case.

I don't like blowing my own trumpet too much but this travel rewards credit card is perfect for family run businesses who are looking to expand and need to spend at least $100,000 within 6 months. If you have employees in your business and travel is required it's even better.

With the Capital One Spark Miles for business you will earn a lot of air miles and you will be able to take a dream holiday once you bag the bonus. The cherry on the cake is when you boost the points collected by 40% so you can go even further or spend more on that luxury hotel.

The bottom line is this is a fantastic card and should have a place reserved in your business wallet. QED.


Capital One Spark Miles for business FAQ


I must be doing something right, I keep getting questions about the Capital One Spark Miles for business credit card. 

To save myself from sounding like a broken record I thought I'd compile the top 10 frequently asked questions on the Capital One Spark Miles for business credit card.

If you do have a question that's not listed below we would love to hear from you. All the BEST and BRILL Travels.

What are Capital One Spark miles worth?

The Capital One Spark Miles for Business air miles are converted as follows, 100,000 air mile points are worth $1,000. What you have to do is knock 2 zeros off the air miles to get the dollar equivalent. For a base comparison 1 point is worth 1 cent.

Is the Capital One Spark card good?

The Capital One Spark Miles for Business is a good card for business start-ups or businesses that are expanding. There is a very lucrative 250,000 air mile points on offer when you spend $50,000 in the first 6 months. The $95 annual fee is waived in the first year. You get 2X on all spending and 5X on travel related spending. 

What airline can you use Capital One miles?

You can use your Capital One Air Miles with the following airlines.

1. Aeromexico
2. Air Canada (Aeroplan)
3. Air France & KLM (Flying Blue)
4. Alitalia
5. Avianca
6. Cathay Pacific
7. Emirates
8. Etihad
9. EVA Air
10. Finnair
11. Hainan Airlines
12. JetBlue
13. Qantas
14. Qatar Airways
15. Singapore Airlines

How do I redeem my Capital One Spark rewards?

Redeeming your Capital One Spark rewards is relatively simple, just login to your Capital One account and click on your rewards balance. After you'll have the option to “Redeem Travel Purchases,” also known as the Purchase Eraser. From there, you can choose which travel purchases you would like to use your miles to pay for.

How many miles do you need for a free flight Capital One?

For a free flight you will need 40,000 air mile points which is the start point. The more points you have on the Capital One Spark Miles for Business the more distance you can cover.

Can I transfer Capital One miles to United?

You cannot transfer your Capital One miles yo United Airlines, however, there are 15 other airlines you can transfer the points to as follows..

1. Aeromexico
2. Air Canada (Aeroplan)
3. Air France & KLM (Flying Blue)
4. Alitalia
5. Avianca
6. Cathay Pacific
7. Emirates
8. Etihad
9. EVA Air
10. Finnair
11. Hainan Airlines
12. JetBlue
13. Qantas
14. Qatar Airways

15. Singapore Airlines

Do Capital One Rewards expire?

The rewards on the Capital One Spark Miles for Business never expire as long as you keep your account open. Maintain your Capital One Credit Account well and there will be no reason for account closure therefore your rewards will never expire.

Can you use Capital One miles on Delta?

The Capital One Eraser service on the Capital One Spark Miles for Business will allow you to erase any expense for travel, this includes travel on Delta. Therefore you can use Capital One miles on Delta flights.


Tuesday, 14 January 2020

Chase Ink Business Preferred Credit Card Review - $1,600 Travel Money $1000 Referral Bonus 3X on Travel & Business Expense

Chase Ink Business Preferred Credit Card Review


It's such a shame more people don't know about travel rewards programs such as Chase Ink Business Preferred Credit Card

Most people think it's too much trouble or they have to spend millions before they can go on a short holiday, this couldn't be further from the truth. 

I've been all over the world thanks to Travel Rewards Credit Card and I've not had to spend irresponsibly or excessively.

If you find the idea of travelling the world appealing and have a business or are thinking of starting a new business then read on. I will show you how you can generate $1,600 in travel money just by spending money on your business. 


Chase Ink Business Preferred Credit Card Highlights


There's a lot to like about the Chase Ink Business Preferred Credit Card because it's crammed full of goodies, it sets a very high benchmark when it comes to travel rewards because it comes with so many benefits. 

By following this guide and some of the simple strategies here you could go off on a nice holiday this year for free. Before I reveal the strategies I wanted to go through the highlights of this excellent travel rewards credit card, your mind will be blown.




Highlight 1: Use the Chase Ink Business Preferred Credit Card and spend $5,000 in the first 3 months and you'll receive a 80,000 air mile points bonus which is equivalent to $800 in travel money. You can boost these points by 25%, all you have to do is redeem the travel money through Chase Ultimate Rewards.

By going a step further and transferring through partner airline programs you could boost your 80,000 points to 160,000 which is worth $1,600 in travel money. This is one of the highest boosts I have seen helping your travel farther.

Highlight 2: As I mentioned earlier, the Chase Ink Business Preferred Credit Card is designed for business needs. You can earn a whopping 3 points for every $1 spent on travel and select business categories. 

The Chase Ink Business Preferred Credit Card is particularly beneficial when you're starting up your business. You can charge most of the start-up costs to the Chase Ink and earn massive rewards.

Highlight 3: The rewards don't stop with travel and business expenses. With the Chase Ink Business Preferred Credit Card you can earn another 1 point for every $1 you spend on anything else. 

Highlight 4: When it comes to redeeming your points you can boost the Chase Ink Business Preferred Credit Card points by 25%. All you have to do is redeem your points through Chase Ultimate Rewards and $800 will become $1000. That's just nuts!

Highlight 5: You might be forgiven for thinking Chase Ultimate Rewards are expensive, this couldn't be further from the truth. You can redeem points for travel, cash back, gift cards, travel expenses and everything is competitively priced.

Highlight 6: Business can take you to far flung destinations, you can earn rewards on your travel and to top it all up there is no foreign transaction fee to bog you down. Unfortunately there is a annual fee of $95 but come on, the benefits more than offset the costs. I have a feeling Chase will up their Annual Fee soon so hurry and take advantage.

Highlight 7: The benefits of the Chase Ink Business Preferred Credit Card don't stop there. You can also enjoy the following benefits.

1. Cellphone Protection
2. Trip Cancellation/Interruption Insurance
3. Trip Delay Reimbursement
4. Primary Car Rental Coverage
5. Purchase Protection
6. Extended Warranty Protection

The benefits provided by the Chase Ink Business Preferred Credit Card makes it one of the best travel reward cards for business. 

You can make a killing in terms of air miles, you will be able to fly somewhere in the first year and have a very nice holiday with the points collected guaranteed.


Chase Ink Business Preferred Credit Card FICO Score


We've established that the Chase Ink Business Preferred Credit Card is a brilliant card with exceptional highlights and benefits which are actually useful. The niggling $95 annual fee is annoying but not high enough to put me off.

The Chase Ink Business Preferred Credit Card is a very sought after card and you must have Good/Excellent credit to apply for this. 

You will need a FICO score of 720 or more to apply for this travel rewards credit card. I always say play it safe and aim for a FICO credit score of 750 when you apply for the Chase Ink Business.

You should also get a copy of your credit report. Go through the report thoroughly and fix any errors that show. If you see any nasty adverse data or fraud markers you should dispute this strongly and have it removed quickly otherwise Chase will decline your application.

Finally, try to aim for a low credit utilization ratio of 30% or less and don't make too many credit inquiries leading up to the application for the Chase Ink Business Preferred Credit Card, 6 months should be fine.

I know a lot of people will fall short of the required credit score. Don't worry, I was in the same boat, it's annoying but that's life. 

It took me 9 months to increase my FICO credit score and clean up my credit file, it is possible. Be patient and give yourself time and put in the hard miles, once you get the card you can sit back and enjoy the incredible rewards.


Maximizing Chase Ink Business Preferred Credit Card Rewards


We all agree that the Chase Ink Business Preferred Credit Card is one of the best travel reward cards ever, no one in their right mind will dispute that because it's crammed full of benefits. 

What you should be thinking about now is how to squeeze every ounce of reward from the Chase Ink Business Preferred Credit Card by maximizing all the benefits of the card.

There are savvy travel reward experts who have travelled mind-boggling distances by maximizing the rewards, you can do this too. 

There are inspirational contributors on Reddit, NerdWallet.com and ThePointsGuy.com who have absolutely rinsed the benefits and you can do this to. 

Here are some of the main strategies I have found for the Chase Ink Business Preferred Credit Card, try a few strategies to get your head around the process. 

In no time at all you'll start thinking like these experts and going on holiday every year will become normal, I kid you NOT!

Strategy 1: I always bang on about this but with good reason. Always plan how you will spend your money in the first 3 months before you are ready to apply for this card. 

So many people get excited by the concept of air mile rewards and the bonus on offer and apply prematurely, they are unable to reach the required threshold of spending to receive the bonus. 

Just stop for a moment and work out your expenses for the next 3 months and make sure you are able to spend $5000 in the first 3 months. 

Once you've established you can reach the required spending threshold you can go ahead and apply. 

If you have a significant other who has a business you can earn even more points by referring them, they will also receive a bonus if they reach the required $5000 spending threshold in 3 months.

Suppose you and your partner take advantage of the introductory bonus and the referral bonus you will collect the following points

You - 80,000
You Referral - 20,000
Partner - 80,000
Total 180,000 = $1800 in travel money.

Strategy 2: The Chase Ink Business Preferred Credit Card has a very lucrative referral program. You and your partner can refer 5 people a year and receive 20,000 points for each referral. Potentially you can earn 100,000 points each!

It isn't hard to refer people to the brilliant Chase Ink Business Preferred Credit Card, this credit card will speak for itself and needs little marketing. Just share it on LinkedIn.com, Facebook.com, Instagram.com. You can also talk it up and send emails to friends and family with your referral link.

It is entirely possible to refer 5 people a year. I was able to do it with my wife and we collected a cool 200,000 points in total.

Carrying on from the example above, suppose you refer 10 people in total you will collect the following air miles.

Previous Total = 180,000
You Referral Bonus = 80,000
Partner Referral Bonus = 100,000
Total so far = 360,000

Strategy 3: When it comes to redeeming the points from the Chase Ink Business Preferred Credit Card you have 2 choices. 

You can use the Chase Ultimate Rewards which will boost your air miles by 25% or you can use some of the air mile transfer partner loyalty programs which can double the points. 

Admittedly, the second option is more labour intensive but it is definitely worth the trouble because you've doubled your travel money.

Suppose you use chase Ultimate Rewards to redeem your points your 360,000 points will boost to 450,000 which is equivalent to $4,500 in total.

By taking the second option and transferring through travel partners you can double your points to 720,000 which is equivalent to $7,200 in travel money.

When we analyse the strategies we see that the total outlay was $10,000 in spending for the first 3 months and we ended up with a minimum of $7,200 in travel money. 

These strategies are very simple and you could end up with a very nice holiday under your belt. I have used these strategies, travel experts use these strategies all the time and you can do it too. It looks daunting but just follow through, that dream holiday is just round the corner. 


Chase Ink Business Preferred Credit Card Final Thoughts


The Chase Ink Business Preferred Credit Card is a brilliant card, I can't stop praising it because it's crammed full of benefits and well worth the $95 annual fee which is minuscule compared to the benefits on offer.

The Chase Ink Business Preferred Credit Card is particularly suited for business start-ups so you can take advantage of the introductory offer. The introductory bonus is out of this world and Chase Ultimate Rewards offer a 25% boost on the air miles collected. You can also put in some hard miles by transferring to partner airlines to double your air mile points. 

There is a lot to like about the Chase Ink Business Preferred Credit Card, I was able to go on a very nice holiday with my family thanks to Chase, you can do this too because of the outstanding rewards on offer.


Chase Ink Business Preferred Credit Card FAQ


The Chase Ink Business Preferred Credit Card is a highly sought after card, business owners who love travel swear by it. I get a lot of questions about this card so I thought I would prepare answers for 10 frequently asked questions.

Feel free to contact me if you have any questions about the brilliant Chase Ink Business Preferred Credit Card.

What credit score do you need for a Chase Ink Business Preferred card?

You need a FICO score of 720+ to apply for the Chase Ink Business Preferred Credit Card. You should also go through your credit report to fix any errors and dispute negative markers. 

Keep credit utilization under 30% and don't make any credit inquiry 6 months leading up to the application. Have a credit history of 3 years and more will definitely help.

Is Chase Ink business preferred credit card metal?

Unfortunately, the Chase Ink Business Preferred does not come in a metal format. The Chase Sapphire Preferred Credit Card does come in metal with gorgeous blue finish and is made with 75% recycled material.

Is it hard to get approved for a Chase Ink Preferred credit card?

You will need a FICO credit score of 720+ to apply for the Chase Ink Preferred Credit Card making it relatively hard to get approved for. 

Which Chase business card is best?

The Chase Ink Business Preferred Credit Card is currently the best choice as a business card. The card is is accepted in more than 100 countries making it an ideal companion for business travel. 

You will also receive 80,000 points from the introductory offer making it one of the best travel reward cards ever for business.

How long does it take to get approved for a business Chase credit card?

The Chase Ink Business Preferred Credit Card approves instantly, if your application is referred it may take up to 7 working days to check for slight differences on your application compared to your credit report. 

It may even take up to 30 days, which means there is adverse fraudulent entries on your credit report. Like I always say, get a copy of your credit report and go through it thoroughly before you make this application.

Does Chase approve instantly?

Chase does approve and decline instantly, if you are referred it could take up to 7 working days for a decision, ultimately, it could take up to 30 days for a decision if the application is referred to an underwriter, usually there is some sort of negative data on your credit report for this to happen.

Can you use Chase credit card before it arrives?

Although the Chase Ink Business Preferred Credit Card approves instantly, you will not be given credit card numbers online. You will have to wait for the Chase Ink Business Preferred Credit Card to come in the post and that usually takes 5 to 7 working days, you could call and ask them to courier it for same day deliver.

Does Chase Ink Business Preferred Credit Card offer cellphone protection?

The Chase Ink Business offers cellphone protection as long as you pay your cellphone monthly bills using the Chase Ink Business card. You and your employees will receive up to $600 per claim for damage and theft. You are limited to 3 claims and there is a $100 deductible.

Does Chase Ink Business Preferred Credit Card offer Trip Cancellation/Interruption Insurance?

The Chase Ink Business Preferred offers Trip cancellation/Interruption Insurance when you use the card to book the trip. If your trip is cut short due to illness of weather you will be covered and you're eligible for $5,000 coverage for prepaid non refundable travel expenses.

What are the additional benefits of the Chase Ink Business Preferred Credit Card?

You are eligible for trip delay reimbursement, primary car rental coverage, purchase protection and extended warranty.

Monday, 13 January 2020

Chase Sapphire Preferred Card Review - $750 Introductory Bonus $750 Referral Bonus 2X on Travel & Dining

Chase Sapphire Preferred Card Review


Flying for free is one of the best feelings in the world and the Chase Sapphire Preferred Card makes it possible. This card is the bees knees because the introductory reward is out of this world. 

Not only will you get a humongous bonus at the beginning, you can even boost this bonus to get ever more air miles and travel further and further.



So what makes the Chase Sapphire Preferred Card so great? Well this travel reward card is tailor made for people who travel and love to dine out. 

The Chase Sapphire Preferred Card has a very rewarding way to collect air miles and to top it all up you can boost your points. Here are my favourite highlights of the Chase Sapphire Preferred Card.



Highlight 1: You can earn 60,000 bonus points right off the bat when you spend $4000 on purchases in the first 3 months of account opening. This is equivalent to $600 in travel money which is absolutely crazy.

Highlight 2: When you redeem your points you can do it through Chase Ultimate Rewards Account. The Chase Sapphire Preferred Card air miles points are boosted every time you do this. 

Suppose you collect $600 air miles from the introductory bonus you can boost this to $750 when you redeem the points through Chase Ultimate Rewards, this is well worth it.

Highlight 3: You get am amazing 2X points on travel and dining on the Chase Sapphire Preferred Card. This is perfect for those who live to travel and dine and earn points at the same time. 

Trust me, the points you collect start to build up and before you know it you'll be taking a holiday every year with your Chase Sapphire Preferred Card.

Highlight 4: You can earn a very respectable 1X air mile points on everything else you spend on. You might think this is relatively low, however, if you spend most of your money on dining and flying it is worth the sacrifice.

Highlight 5: The features of the brilliant Chase Sapphire Preferred Card don't stop there. Just when you thought this card couldn't get any better it does. 

You can get 25% more value when you redeem airfare, hotels, car rentals, cruises and car rentals through Chase Ultimate Rewards. Some savvy air mile travellers on Reddit use this feature and really boost their travel plans

Chase Sapphire Preferred Card FICO Requirements


The Chase Sapphire Preferred Card undoubtedly is a brilliant card, it's also very highly sought after because of the amazing benefits and features. 

In a nutshell, everyone who loves to travel using air miles want this card. Because of so much demand you will have to jump through some hoops to get this card!

So what is the FICO requirements and how can you ensure that you highly likely to be approved for this card?

The FICO requirements for the Chase Sapphire Preferred Card is 700+. I always like to give myself a buffer and I only applied for this card when my credit score reached 750. 

Also, before you apply, get a copy of your credit report and go through it thoroughly. Chase Sapphire are very particular and don't like many inquiries to show on your account. 

You should also take the time to fix any errors on your credit report, anything such as a wrong address can throw a spanner into the works. Finally, make sure there are no nasty fraudulent markers and that your credit utilisation is below 30%. 

When you adhere to the criteria listed above you are very likely to get approved for the Chase Sapphire Preferred Card. If you fall short of the required level just be patient and work on your credit score and credit report.

Maximizing Chase Sapphire Preferred Card Air Miles


You're going to love this part...

OK, so we all know this is a brilliant card designed for people who love the idea of flying to far flung destinations. So how do we maximise every penny to collect as much air mile points as possible so we can travel further?

You'll be amazed at some of the strategies people over on Reddit and NerdWallet.com are using to squeeze this card. Even though there is a $95 annual fee this card will enable you to take a holiday every year if you stick to the plan.

Here are some simple strategies you can use, there are more advanced mind blowing strategies to boost air miles which I will be discussing in another post soon. 

Strategy 1: This is a no-brainer but so many people fail to take advantage. Basically, you will need to spend $4000 in the first 3 months of opening this account. 

A lot of people just apply and get approved for this card and don't reach the $4000 spending threshold and forfeit their 60,000 air mile bonus. Don't be one of these people because you are essentially throwing away $750 travel money down the drain.

You need to think before you apply for the Chase Sapphire Preferred Card. Work out how much you spend in 3 months, consider any extra spending that is required for example Christmas. Once you are confident you can reach the $4000 threshold only then should you apply for this card. 

Once you have the Chase Sapphire Preferred Card monitor the spending carefully. Make sure you know the exact dates for the expiry of the offer. Once you're armed with all the information you can pull the trigger and start spending.

You will have $600 travel money after 3 months which is crazy.

Strategy 2: Travelling along can be boring, why not take a special one on holiday. You can refer your partner to the Chase Sapphire Preferred Card and when they are successfully approved you will receive 15,000 points which is equivalent to $150! the Chase Sapphire Preferred Card has one of the most rewarding referral bonus system so you need to take full advantage of it.

Suppose you take advantage of the referral bonus and introductory offer you will have a collective the following air mile points.

First Applicant 60,000
First Applicant referral 15,000
Second applicant 60,000
Total 135,000 which is $1350 in travel money! Bonkers!

Strategy 3: When you redeem your points from the Chase Sapphire Preferred Card you get a 25% boost. This is a crazy way to collect more points. 

If we continue with the example above, both you and your partner have collected 135,000 points, when you boost this by 25% you will end up with 168,750 points which is equivalent to $1687.50 in travel money.

Strategy 4: The Chase Sapphire Preferred Card referral program allows you to earn 75,000 bonus points when you refer 5 people to the Sapphire Preferred account. 

You and your partner can easily refer people through social media, it is relatively easy to refer the Chase Sapphire Preferred Card and the benefits speak for themselves, you will get people who apply. 

Suppose you and your partner are able to refer 5 people each to the Chase Sapphire Preferred Card you will get a total of 150,000 points which is equivalent to $1500 in travel money. Boost the air miles through Chase Ultimate Rewards and this rises to 187,500 which is equivalent to $1875 in travel money. 

When you combine the maximum introductory bonus and referral bonus you end up with a mouthwatering $3,562.50 in travel money. All you have spent is $8000 combined on expenses you would have already spent on so there is no irresponsible spending on your part.

Strategy 5: Put all your expenses on the Chase Sapphire Preferred Card. Cut up all your other cards, or lock them away, the aim is for everything to be funnelled through the Chase Sapphire Preferred Card so you can maximize the points you earn. 

You'll be amazed at how much more you can earn this way. Suppose you love to travel and dine out you can easily add another $500 every year in travel money.

Chase Sapphire Preferred Card Final Thoughts


So is the Chase Sapphire Preferred Card a hit or miss. Undoubtedly, this travel rewards credit card is one of the best travel rewards credit card. 

The introductory and referral bonus alone make it worth applying for. There is a annoying $95 annual fee but this is nothing compared to the benefits you can earn. I also love the fact you can boost the air miles by 25% making further travel possible. 

Honestly, I think this card is a big hit, especially if you're into maximizing travel rewards. Bottom line, apply for this card, take advantage of referral and introductory bonus and fly to far flung destinations!

Chase Sapphire Preferred Card FAQ


So, as a self proclaimed air travel rewards expert I get a lot of questions about the Chase Sapphire Preferred Card. I thought I would answer the top 20 frequently asked question on the Chase Sapphire Preferred Card which will hopefully aid you in making your decision.

What credit score do you need for a Chase Sapphire Preferred card?

You will need GOOD credit score to apply for the Chase Sapphire Preferred Card. The FICO score required to apply for this extremely popular card is 700+. 

To be certain of being approved aim for a FICO score of 750. Do not make any credit inquiries for at least 6 months. Go through your credit report and fix all errors and remove all adverse data by disputing everything. Finally, make sure your credit utilisation ratio does not exceed 30%. By adhering to this criteria you are almost certain to get approved.

How long does it take for Chase Sapphire Preferred Card to approve?

The Chase Sapphire Preferred Card approves instantly if you meet the required guidelines. If you are referred it could take up to 7 to 10 working days for a underwriter to come to a decision. 

Suppose there are some nasty markers on your credit report it could take up to 30 days for a decision. This is why it's very important to go through your credit report to make sure everything is hunky dory.

How long does it take to get approved for Chase Sapphire Preferred?

The Chase Sapphire Preferred Card approves instantly. If you are referred it could take up to 7 to 10 working days, this may be just to analyse your credit usage. The final decision could take up to 30 days which means there is some adverse information on your account which you need to pay attention to and clean up.

Does Chase Sapphire Preferred get you into airport lounges?

Unfortunately, the Chase Sapphire Preferred does not provide complimentary access to airport lounges/clubs. The higher-tier Sapphire Reserve does offer free access to more than 1,200 airport lounges worldwide. You'll just have to pay the card's $450 annual fee to take advantage of this benefit.

Is the Chase Sapphire Preferred Card worth it?

The Chase Sapphire Preferred Card is worth it. There is a lot to like about this card. Although there is a nasty $95 annual fee you still get incredible benefits. You can 60,000 points as a introductory bonus, you can refer 5 people and earn 75,000. 

So by only spending $4000 and referring 5 people you get a combined 135,000 air mile points which can be boosted by 25% when you redeem through Chase Ultimate Rewards, this means your 135,000 air miles turn into 168,750 which is equivalent to $1,687.50 in travel money. 

What is the highest credit limit for Chase Sapphire?

The average Chase Sapphire Preferred Card credit limit is $10,000, however there are about 10% of clients who have a credit limit of over $20,000. Your initial credit limit will depend on your status. You can then request credit limit increases every 6 months to build up your credit limit. There are clients who claim they have a credit limit of up to $100,000.

Will Chase Sapphire Preferred waive annual fee?

The $95 annual fee for the Chase Sapphire Preferred Card will not be waived. Previously, the Chase Sapphire Preferred Card had no fees in the first year. Now you have to pay the fee in the first year, although this is disappointing news, there are now more benefits and features to the Preferred Card which makes it worth paying the fee for.

Does Chase Preferred have lounge access?

Unfortunately, the Chase Sapphire Preferred Card does not have access to airport lounge. However the Chase Sapphire Reserved Card offers lounge access which comes with comfortable seating, complimentary snacks and beverages and free wi-fi. This facility is available in more than 1,200 airports worldwide.

How much is 60000 points worth chase?

The Chase Sapphire Preferred Card with 60000 points are worth $600 in travel money. If you use the Chase Ultimate Rewards to redeem the air miles your points will be boosted by 25% to 75,000 points equivalent to $750 in travel money.

How do I get a priority pass for Chase Sapphire?

To get a priority pass you have to activate your Chase Sapphire Reserve Card Priority Pass membership. This is simple, log into your Chase account. 

On the right side you should see a little section that lists how many Ultimate Rewards points you have. Click that, as it will take you to the Ultimate Rewards website.

Is the Chase Sapphire Preferred Card Metal?

The Chase Sapphire Preferred Card is available in metal and is finished with a delectable blue design and is available to all customers. 

How many guests do you get with Priority Pass?
Do Chase Sapphire points expire?

Points from the Chase Sapphire Preferred Card never expire. as long as you keep your credit card account open and active. 

Does Chase Sapphire cover TSA PreCheck?

Unfortunately, the Chase Sapphire Preferred Credit Card does not cover TSA PreCheck. If you want this facility it is available on Chase Sapphire Reserved Credit Card but it comes with a $450 annual fee.

What airlines partner with Chase Sapphire?

Here are a list of airlines which partner with the Chase Sapphire Preferred Credit Card... 

1. Aer Lingus AerClub

2. British Airways Executive Club
3. Flying Blue AIR FRANCE KLM
4. Iberia Plus
5. JetBlue TrueBlue
6. Singapore Airlines
7. Southwest Rapid Rewards
8. United MileagePlus
9. Virgin Atlantic Flying Club

What are the benefits of a Chase Sapphire card?

The Chase Sapphire Preferred Card has incredible benefits. You can earn 60,000 points by spending $4000 in the first 3 months. You can refer 5 people and earn 75,000. You can boost your points by 25% by redeeming through the Chase Ultimate Rewards Program. You can earn an impressive 2X on dining and travel.

How much is Chase Sapphire annual fee?

The annual fee for the Chase Sapphire Preferred Card is $95. This fee was previously waived in the first year, however, this has been scrapped. Even though there is a $95 fee there are now more benefits to the Sapphire Preferred credit card.

Can I convert my Chase Sapphire preferred to reserve?

You can convert your Chase Sapphire Preferred Card to the Chase Sapphire Reserved Card. Once you've been with Chase for over 6 months and have proven you can manage your account effectively you can call up customer service and ask for the upgrade. The annual fee for the Chase Sapphire Reserved Card is $450 whereas the annual fee on the Sapphire is only $95.

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