The Chase Sapphire Preferred® Card is a very good credit card for bonus rewards on travel and dining. It is easily worth its $95 annual fee for people with an Excellent or Good credit score (700+) who like to travel, can book at least one trip through Chase, and plan to charge more than $1,333 per month.

To qualify for Sapphire Preferred big initial bonus of 100,000 points, new cardholders have to spend $4,000+ in the first 3 months. That is the centerpiece of this offer, and using the Chase travel portal is required to get top dollar when you redeem. You will get $1,250 in travel booked through Chase or, $1,000 statement credit. Either way, the bonus alone will pay for 10+ years of membership fees.

You can also get a referral bonus for each friend who applies for this card and gets approved. The referral bonus is 15,000 points, and the limit is 75,000 points per calendar year, which means you can get a referral bonus for up to 5 people invited.

The $95 annual fee is low compared to other competing travel credit cards and can easily pay off if you maximize using the card. If you want a luxury travel card with more benefits and don’t mind paying a higher fee, consider the Chase Sapphire Reserve.

This card has been around for over a decade, and it is still considered one of the best rewards credit cards. The Chase Sapphire Preferred® Card doesn’t have fancy travel benefits or luxury lounge access, but it has a great sign-up bonus and earns some valuable points around. It is flexible enough to meet the travel rewards needs of practically every points and miles skill level, and it comes with a low enough price tag for many to be able to give it a try.