How does a $750 signup bonus sound? That’s exactly what new Chase Sapphire Preferred® Card holders have to look forward to thanks to Chase’s new and improved bonus offer of 60,000 points (awarded once meeting the spending threshold), worth $750 when redeemed for travel through Chase Ultimate Rewards®.
Our 2019 Best Credit Card for Travel Rewards winner, the Chase Sapphire Preferred® Card has long been one of the most popular travel credit cards on the market thanks to an already solid signup bonus (it's now 10,000 points higher), easy reward earning potential, a comparatively low annual fee, and flexible redemption options. The new 60,000 bonus point offer (earned once spending $4,000 within the first three months of opening an account) only makes this card that much more attractive to new users.
Let’s break down what the bonus alone could get you…
- $750 towards flights
- $750 towards hotel stays
- $600 cash
- 1:1 point transfer to popular hotel and airline partners
- Gift cards, Apple and Amazon credits, and more
For the best value though, using your points for travel is really the way to go.
When it comes to earning rewards, the structure is the same; earn two points on travel, from airfare and hotels to taxis and trains, two points on dining purchases worldwide, and one point on all other purchases.
Say you spend $10,000 on travel and dining your first year as a cardholder, and $15,000 in other categories, you’d be looking at 95,000 points in your first year alone – worth nearly $1,200 in Chase Ultimate Rewards®, which is around the average price of a round trip, international plane ticket, depending on your destination and seat preference. In short, the signup bonus can go a long way towards helping you take the next vacation of your dreams.
There is a $95 annual fee to think about, but with regular use of the card, the rewards would quickly outweigh this cost; especially when you compare the fee to more premium card options, such as the Chase Sapphire Reserve® card, which has an annual fee of $450 and a signup bonus of just 50,000 points.
Besides for the improved bonus offer, other benefits of the Chase Sapphire Preferred® Card are staying the same. There are still no foreign transaction fees. You’ll still have access to a number of travel protection services such as trip cancellation/interruption insurance, trip delay and lost luggage reimbursement, and auto rental collision damage coverage. The card still comes with purchase protection and 24/7 access to customer service specialists. Overall, it’s still the same Chase Sapphire Preferred® Card so many users have come to know and love, now just with a better signup bonus offer.
Please note, however, that Chase explicitly states on their website that this offer “is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months.”
To learn more about the Chase Sapphire Preferred® Card, please check out the full card details in our Chase Sapphire Preferred® Card review.