The Fastest Ways to Earn Points on Your Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card has a $95 annual fee, but enables cardholders to earn back far more in rewards. Better yet, those rewards can be redeemed for travel, gift cards, purchases from Amazon or Apple, or even cash back. Sometimes, you can even redeem points for access to exclusive events. If you're not someone who likes to wait around, here's the fastest way to build up Chase Ultimate Rewards points.

Earn the welcome bonus

As a welcome to new cardholders, the Chase Sapphire Preferred® Card gives 75,000 bonus points to those who spend $4,000 or more on purchases in the first 3 months. Spending $4,000 on necessities over the span of 3 months likely won't be too hard for many people, even if you don't have any big trips or projects coming up. As long as you pay the card off in full by the end of each billing cycle, you won't be hit with any interest charges and you'll earn the bonus points.

Those 75,000 bonus points are worth over $900 toward travel redeemed through Chase Ultimate Rewards, a reward program associated with some of the best Chase credit cards.

Use the Chase Sapphire Preferred® Card to make travel plans

If you're a frequent traveler, you'll find that Chase Ultimate Rewards points add up quickly. For example, you'll earn 5X the points on travel purchased through Chase and another 2X the points for other travel purchases.

When you consider how much a trip can cost, earning points by simply using your Chase Sapphire Preferred® Card is a pretty easy way to bank credit, whether you're looking for cash back or want to use it toward travel.

Pay for dining

No matter what kind of dining experience you prefer, you can use it to earn points. For example, use your card to pay for restaurant dining or eligible delivery services, and you'll earn 3X the points. You'll also earn 3X the points on Chase Dining purchases through Ultimate Rewards when you make a prepaid restaurant reservation, order takeout, or join one of Chase's virtual cooking events.

Take a Lyft

If you're always looking for ways to earn a little something back, you'll love this. Whether you need a lift to the airport or around town, you'll earn 5X the points for using your Chase Sapphire Preferred® Card to pay for it. If you need a ride anyway, you might as well earn bonus points. This offer is good through March 31, 2025.

Stay in shape

If all the dining out has added an inch or two to your waist, you can get back in shape by purchasing Peloton equipment and accessories. As long as you use your card to purchase over $150 worth of Peloton goods, you'll earn 5X the points, up to a maximum of 25,000 total points. Offer good through March 31, 2025.

Add entertainment services

For those nights when you just want to relax at home with your significant other and watch a movie, using the Chase Sapphire Preferred® Card to pay for select streaming services quickly earns you another 3X points. That's a nice way to let your hair down and earn points at the same time.

Pay for online grocery shopping

Given the number of grocery delivery services available, it's never been easier to avoid the supermarket. Make your grocery purchases online and you'll earn 3X the points. This offer excludes Walmart, Target, Sam's Club, or Costco.

Create a strategy for everyday purchases

Perhaps the fastest way to earn points is to put all your monthly expenses, including utilities, daycare, and groceries on your Chase Sapphire Preferred® Card. As with any credit card, as long as you pay the card balance in full before the end of each billing cycle, you'll watch points add up without watching interest follow suit.

Rewards points can be a great way to cover the cost of perks, but they're only valuable if you earn them without pulling money out of your bank account to cover the cost of interest.