Chase Ultimate Rewards® points are best maximized through travel redemptions, notably via transfers to airline and hotel partners. This approach can yield significantly higher value compared to cash back or gift card redemptions. Some popular transfer partners include United Airlines, Hyatt, and Marriott Bonvoy, each offering unique opportunities to redeem points for flights and accommodations. Strategic utilization of these transfer partners can unlock aspirational travel experiences, such as luxurious hotel stays or business-class flights, at substantially reduced costs. The flexibility to redeem points for cash back or gift cards provides a safety net, albeit at a lower redemption value.

The Chase Sapphire Preferred® Card provides a comprehensive suite of travel and purchase protections, adding significant value for cardholders. Travel insurance benefits include trip cancellation/interruption insurance, baggage delay insurance, and auto rental collision damage waiver. These protections offer financial reimbursement in case of unforeseen travel disruptions or damages, ensuring a smoother and more secure travel experience. Purchase protection covers new purchases against damage or theft for a limited time, providing added peace of mind. These protections enhance the overall value proposition of the card, particularly for travelers who prioritize security and convenience.