Forbes analyzed more than 100 rewards credit cards to find top picks for a range of categories. Characteristics taken into consideration while evaluating cards included rewards rates, reward redemption options and additional benefits included with the card.
If there’s a rewards card known for its travel perks, its undeniably the. This card gives account holders the freedom to choose how they want to redeem their rewards — either through airlines or hotels — and consistently offers great sign-up bonuses (this card is also a Forbes’ pick for cards with the best sign up bonuses).
According to Chase.
Rewards: 2X points on travel, including airfare, hotels, taxis and trains; 2X points on dining worldwide; one point per $1 spent on everything else.
Annual Fee: $95
Bonus Offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
Other Benefits or Drawbacks: The Chase Sapphire Preferred card also comes with additional benefits, including:
- $0 foreign transaction fees
- Auto rental collision damage waiver
- Trip cancellation/interruption insurance
- Zero liability protection
- Baggage delay insurance
- 1:1 point transfer value
One drawback of the card is that the $95 annual fee isn’t waived for the first year, a perk offered by similar competitor cards.
You can read our full review of the Chase Sapphire Preferred card here.