If you’re just getting into the miles and points game and are trying to decide which card or cards to apply for first, look no further than the Chase Sapphire Preferred.
This card earns valuable Ultimate Rewards points that can be transferred to many different travel partners. My two favorites are United and British Airways. The card consistently has a bonus of 40000 points (45000 if you add an authorized user). This is a strong bonus for a card that gives you a flexible rewards currency.
The card offers 2x points on travel and dining (3x on dining on the first Friday of the month) and 1x points on everything else. The card works great with the Chase Freedom card. The Freedom card offers 5x points in categories that rotate on a quarterly basis. However, if you just have the Freedom card, you cannot transfer the points to travel partners. To do that, you need the Chase Sapphire or Chase Ink Bold business credit card. This is why I recommend that your first card be the Sapphire Preferred.
Up until recently, Chase has always been generous approving new applications. Now it looks like they will deny anyone who applies for one of their Ultimate Rewards points earning credit cards and has had 5 or more credit card applications in the past 24 months. This will almost always be the case once you really get into the miles and points game, which is why I urge you strongly to apply for the Chase Sapphire Preferred (and maybe Freedom) as your first card before you get into the cycle of having many credit card applications on your credit reports.
Let me know if you have any questions!