It seems a good time to get the Chase Freedom or the Chase Sapphire Preferred Card right now. The airliner just announced that they would be swelling sign-up bonuses for these rewards cards. With Chase Freedom, you now get a $150 bonus after spending $500 on purchases in the first 3 months. Chase Sapphire Preferred Card gets you 50,000 bonus points for spending $4,000 on purchases during, inside the first three months after sign up.
Chase Freedom Cashbacks
Chase Freedom also brings a 5% cashback program for cardholders on spending of up to $1,500 in the bonus categories, which change every quarter. Though these need to be picked right after each rotation, they have included grocery stores, cinemas, restaurants and gas stations. Even if you spend on something outside all of those things, or the bonus category in the simultaneous quarter, there is still unlimited cashback of 1%.
The Chase Freedom also lets you make large purchases or move your balance to someone else. You get a purchase APR of 0% for the first 15 months on purchases and balance transfers, after which the ongoing APR kicks in. There is no annual fee, which means pretty much anyone can earn cashbacks all year round.
Chase Sapphire Preferred Travel Discounts
If travel points are more your thing than cashbacks, the Chase Sapphire Preferred card may be a better choice. This card brings unlimited 2 Ultimate Rewards points based on every dollar you spend on travel or dining, and a point on the dollar for all other expenses. Redeeming is can be done at the rate of 1 cent per point for standard cards. But a frequent flyer knows nothing beats the value of redeeming points for travel.
Transferring these points to one of the airline or travel partners can get you anywhere from 1.25 to 5 cents on the point, but booking directly using Ultimate Rewards nets a 20% discount on travel. That bumps up the worth of your sign-up bonus to $625. There is also an Introductory Annual Fee for the first year, and then $95. You do not get charged for foreign transactions. As long as you watch where you spend it, and what you spend it on, this card is a great way to save big bucks.
If you are getting the Chase Freedom, you may not be able to book directly through Ultimate Rewards, but you can transfer the points to the Chase Sapphire Preferred card and then use that to book flights and hotel stays.