Chase Sapphire Preferred Adds 3x Points on Vacation Homes

The Chase Sapphire Preferred® Card has introduced a new bonus category, offering 3 Chase Ultimate Rewards points per dollar spent on vacation homes booked directly with select brands. This update, effective this week, enhances the card's value for travelers who prefer vacation rentals over traditional hotels. The eligible brands for this 3x earning rate include Airbnb, Vrbo, Plum Guide, HomeAway, Homestay.com, and Vacasa.

This new earning rate applies specifically to direct bookings with these vacation home platforms. For instance, a traveler booking an Airbnb or Vrbo property directly will earn 3 points per dollar. This is a significant addition for frequent travelers, as highlighted by TPG credit cards writer Stephanie Stephens, who noted that this new rate makes the Sapphire Preferred her "go-to travel card" for her numerous Airbnb bookings. The previous earning structure for vacation homes was not specified, but this direct booking bonus is a clear enhancement.

In comparison, bookings made through the Chase Travel℠ portal will continue to earn 5 points per dollar spent on vacation homes. While the Chase Travel portal offers a higher earning rate, the author notes that availability for vacation homes is often more extensive outside of the portal. This distinction is important for cardholders looking to maximize their rewards based on booking method and platform availability.

The inclusion of vacation homes as a bonus category positions the Chase Sapphire Preferred as a more competitive option for diverse travel accommodations. Previously, the card offered 3x points on dining and online grocery purchases, and 5x points on flights and hotels booked through Chase Travel. The addition of 3x points on direct vacation home bookings expands its utility for family and group travel, where vacation homes are often a preferred choice.