With a consistently strong welcome offer and multiple ways to earn and redeem points, if you are looking for a one-card wallet, you should highly consider the Chase Sapphire Preferred.
With the Chase Sapphire Preferred, you earn Chase Ultimate Rewards points, one of the most valuable and flexible rewards points systems out there.
You can redeem them for cash back, transfer them to travel partners (such as Southwest or United Airlines), or book travel through the Ultimate Rewards portal.
By booking through the Ultimate Rewards portal, your points are worth an extra 25%. So, for example, a $500 plane ticket would cost you 40,000 points.
When you spend $4,000 in the first three months after opening your Chase Sapphire Preferred, you earn 80,000 Ultimate Rewards points.
80,000 Ultimate Rewards points can be redeemed for $800 in cash back, or $1,000 in travel through the Chase Ultimate Rewards booking portal.
The Chase Sapphire Preferred can be a one-stop-shop credit card. The majority of your daily spending can be done using this card because of the excellent point earning potential.
With the sign up bonus alone, you can get $800 cash back or $1,000 in travel, enough to book a nice trip.