CashFreely is all about maximizing your cash back in the easiest way possible. So, start here with the Chase Sapphire Preferred® Card. It’s the easiest recommendation for beginners who are getting started with the best rewards credit card. It’s been around for a while, and it’s always at the top of the “best cards” lists. Why? Chase Ultimate Rewards points are easy to use and flexible and best of all, points can be easily be redeemed for cash back.
Highest-ever limited time offer on our #1 recommended personal card. Hands down the single best “starter card” for beginners and the MVP card for free travel.
Here are some great reasons to love the “CSP.”
1) Highest-Ever welcome offer is worth 100,000 points
When you hit your minimum spend of $5,000 in 3 months from card opening, you’ll get 100,000 Chase Ultimate Rewards points. While these points can be redeemed in many different ways, one option is for straight cash back. With 1 point equaling $0.01 cash back, the 100,000 points earned can be redeemed for an easy $1,000.
Now, you don’t have to redeem your points for cash right away, if you think you might prefer to use them for travel at a future time. You can always hold onto your points, they don’t expire as long as the card is kept open, and then determine whether you prefer to convert the points earned into cash, gift cards, travel, etc.
If you are interested in travel rewards, you can visit our sister site, Travel Freely, to learn more about how the points earned from this card can be put towards travel. With points earned from this card, they are worth more when used towards travel.
2) It’s EASY to redeem
Cash Back with the Chase Sapphire Preferred
Chase Ultimate Rewards points are a great option for cash back. If you’re looking for a card that gives you better earning opportunities by way of cash back, then the Chase Sapphire Preferred is a great card for you.
With a redemption rate of 1 point = 1 cent, you can easily convert 100,000 Chase Points to $1,000 cash for anything you want to spend on. Check out the graphic below to see how your Chase Sapphire Preferred Card performs against other cards in terms of cash back.
Check out this article if you’re interested to learn more about our best Cash Back cards.
And of course, you can always redeem your points towards travel if you find that you might prefer a vacation versus cash back at a certain time. Here you can book travel directly through the Chase Travel℠ portal where 1 point may be worth more with the Points Boost feature or you can transfer points to a loyalty travel partner (examples include Southwest, United, Hyatt, Marriott). You can learn more about redeeming your points for travel with our sister site, Travel Freely.
3. Strong Everyday Earning
Beginners and advanced CashFreely members use the Chase Sapphire Preferred card. You don’t need to travel constantly to earn a lot of points. In fact, anytime you eat out or even have delivery or takeout, you’re earning bonus points!
With the Chase Sapphire Preferred, you earn:
3x points on dining (including takeout and delivery)
3x points on gas and EV charging
3x points on vacation homes at top brands like Airbnb and Vrbo
3x on select streaming services
3x on select online grocery purchases (excluding Target®, Walmart®, and wholesale clubs)
2x points on travel (5x through Chase Travel℠)
4. You get some great travel perks.
No foreign transaction fees can prove to garner big time savings for beginners who would otherwise use debit cards or cash. Credit cards often get the best exchange rate abroad, and you don’t even have to worry about carrying around extra cash.
Primary car rental insurance is also covered when you pay for your rental car with this card. Waive the fee and save $10-15 per day.
You’ll also get a $100 annual hotel credit (up from $50) on hotels booked through the Chase Travel℠ portal.
Other benefits include trip delay, trip cancellation, baggage delay insurance and emergency evacuation and transportation coverage (up to $100,000). These benefits alone could be super helpful right when you need them.
With the Chase Sapphire Preferred card, you’ll have primary car insurance in addition to no foreign transaction fees.
5. The 5/24 Rule
Beginners may not realize that Chase has an “unofficial” rule of denying credit card applications if someone has opened 5 cards in the previous 24 months. Some cards don’t count towards this, but most personal cards do. The CashFreely site has a 5/24 counter on your dashboard. This is a big deal. So, when you are starting out with rewards cards, you need to get this card sooner than later. The Chase Sapphire Preferred is subject to the 5/24 rule, so you want to make sure you get it before some of the other great cards.
A screenshot of the CashFreely’s card dashboard. The 5/24 counter (top right) is a HUGE deal as you start to rack up more rewards.
So what’s the best starter cash back? This is it. No question about it.
Highest-ever limited time offer on our #1 recommended personal card. Hands down the single best “starter card” for beginners and the MVP card for free travel.
For the reasons above, sign up for the Chase Sapphire Preferred.
