I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, and other banks are advertising partners of this site. I do not write about all credit cards that are available — instead focusing on miles, points, and cash back (and currencies that can be converted into the same).

Key Link: Chase Sapphire Preferred

Chase Sapphire Preferred is the best all-around, most rewarding personal credit card.

It has one of the best signup bonuses, has strong benefits, and is a great card that rewards ongoing spending (because it has flexible points that transfer to a variety of airlines and hotels, and because it earns double points on all travel and dining).

Dan’s Deals is reporting that the minimum spending required to earn the card’s signup bonus is about to go up, so you may want to get the card before that happens.

• Bonus: 40,000 points after $3000 in spending within 3 months plus 5000 more points for adding a free authorized user to the account and making a purchase within that same timeframe
  
• Valuable points: Chase points are among the two best currencies of any loyalty program. They transfer to United, British Airways, Singapore Airlines, Korean Air, Hyatt, Marriott, and more.
  
• Strong earning: Double points on travel and dining, useful all over the world with no foreign transaction fees, and Visa acceptance.
  
• Good benefits: Like primary collision damage coverage on rental cars.

Net net, I believe the Chase Sapphire Preferred Card has been probably the all-around most lucrative credit cards in the market for the past 3 years. There’s no annual fee the first year, then it has a $95 annual fee.

Dan relays that several Chase branches report a higher minimum spending requirement will begin on Monday. One of his commenters reported that their banker said there would be “either a decrease of bonus points or higher min spend for the sapphire preferred in the near future”

Either way, it sounds like now is a great time to take advantage of the bonus.

Chase Sapphire Preferred

Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either.

---

You can join the 40,000+ people who see these deals and analysis every day — sign up to receive posts by email (just one e-mail per day) or subscribe to the RSS feed. It’s free. You can also follow me on Twitter for the latest deals. Don’t miss out!