The Chase Sapphire Preferred® Card is an ideal credit card for people who want rewards that can be used for travel, without paying a huge annual fee. It offers a solid return on many common purchases including dining, gas and online grocery shopping, and we think it’s a great choice for beginners just getting started with travel rewards. And because it provides the flexibility to satisfy more experienced users as well, it has earned a place among our picks of the best credit cards.

The Sapphire Preferred also just got a revamp that makes it a compelling everyday card, not just the junior sibling to the top-tier Chase Sapphire Reserve®. It’s an especially good choice if you’re looking to earn points that can be used for travel, as opposed to simply redeemed for cash back. It does charge an annual fee, but the $95 amount can be recouped easily with the statement credits the card offers. Its travel protections, such as rental car insurance, are also excellent. For many people who don’t want to shell out a bigger annual fee for cards that include airport lounge access or other high-end benefits, the Chase Sapphire Preferred might be the only travel-focused card that’s ever needed.

Read on to see why we think it’s a winner and also what alternatives you can find among competing cards.