The Chase Sapphire Credit card is one of the hottest credit cards on the market today. It’s great for those who travel often, those who are business owners with travel needs, and even those who just like to go on trips and enjoy the view. And rightly so. The Chase Sapphire Preferred Card offers a low yearly fee, various bonus categories, flexible spending, and lots of other benefits. The biggest perk of all, however, may not be what you’re looking at in the fine print: the savings.

This is How It Works:

Each time you use your Chase Sapphire Card, you earn a point. When you reach a specific amount of points (this varies by card), you can redeem them for a variety of things, including air tickets, hotel stays, and more. If you get enough of these rewards, you can earn an all-inclusive vacation package!

Travel Rewards:

Travel rewards come in all forms and all sizes. Some are travel-related only; others give you access to a host of shopping and dining options as well as other perks. There are travel rewards cards from American Express, Discover, MasterCard, and Visa as well as numerous smaller issuers. All have varying restrictions and terms, but the basics are the same. Here’s a rundown of some of the more popular travel rewards programs:

Offer Programs:

There are four different reward programs offered on this card.

1. First,

You earn points for every dollar that you charge to your preferred card. You earn two points per dollar charged and one point per pound booked. You also earn one point for each dollar of fuel that you buy with your preferred card, which is great if you travel often or plan on flying somewhere.

2. Second,

You earn points for every dollar of travel purchased. Each dollar spent applies to one point. You earn five points for airline tickets bought directly from the airline company, five points for purchases of gas and oil, five points for hotels stayed, and three points for restaurants that you eat out in. The only rewards you don’t earn are the annual fees, but you can earn enough in bonuses to cover them pretty well.

3. Third,

You can use your points towards travel as well. This means that whenever you make a purchase, you can earn a percentage of that sale back just for using your card. The company gives you points for everything that is available in the offer and even when you use statements or your funds to pay bills. You earn up to 100,000 points and then you can use those points towards travel and shopping.

4. Fourth,

When you shop online, you can earn more rewards points than what you would earn at the store. This is a great benefit. If you are a Wal-Mart customer, you know that you need to use plastic to make a purchase. What if you are not a Wal-Mart customer? How do you feel about getting back 60 percent back on an eligible card, or a free trip to Hawaii when you spend 200 dollars online? If you are loyal to any one company, this may be the best credit card for you.

Benefits for Students:

Chase Sapphire Preferred also has benefits for students. They earn points toward their college education through the college shopping card. The credit cards have no annual fees and have no foreign transaction fees. The interest rates are low and they have rewards that are worth keeping track of so that you don’t rack up too many of them. The company has the lowest balance transfer fee in the industry. The rewards points add up fast if you plan to carry a balance over from one billing cycle to another.

The Chase Sapphire Preferred credit card has no annual fee, which means there is no foreign transaction fee and no balance transfer fees. The company offers no customer service fees either. All of these benefits make it one of the most popular credit cards. This is why millions of people use this card around the world.