Chase Sapphire Preferred Card Review

One of the most talked about cards on the web is the Chase Sapphire Preferred card. People tend to abosolutely love it so I decided to give it a spin. Why? 40k rewards points sold me on the signup. My review is below:

Point Accumulation
40,000 Sign-On Bonus: This is what ultimately drove me to signup for the CSP. 40k in points can be valued at $400. I wanted the reward points for travel rewards where Chase gives a 20% bump so my 40k was actually worth $500.

Double Points on Travel, Restaurants, and Transportation: This means travel spending results in 2 points per dollar. 2 points spent on travel yields 2.4% in cash back return. 2.4% is nearly unheard of in return.

Triple Points on Restaurants for First Fridays: Do you like to let loose after a long work week? Chase Sapphire Preferred offers triple points at restaurants on the first Friday of each month for the rest of 2013.

7% Annual Point Dividend: We know that you receive double points on travel, restaurants, and transportation, but you will also generate a 7% annual point dividend on all of the points. Even points that were redeemed.

No Foreign Transaction Fees: Fees can run 3% for many credit cards. This is a huge money saver for any overseas traveler. 

Annual Fee: Waived for the first year. After that $95. Why would you not want to take a test drive for free?

I clearly took the deal and went for the CSP test drive. If you are looking for a card that will give you a great signup bonus as well as perk throughout the way you should strongly consider this card.