Your first purchase with the Chase Sapphire(SM) card earns you 10,000 points, which can be redeemed for a $100 statement credit or cash. Alternatively, you can redeem the points in Chase’s Ultimate Rewards program for gift cards, travel, and more. After the initial bonus, the card earns 1 point per dollar, which makes it an ordinary 1% rewards card. There is no annual fee.

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