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Chase has increased the signup bonus on the Chase Sapphire Preferred® Card! New applicants can receive 60,000 bonus pointsafter you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®, or much more by transferring out to travel partners (more on that below).

Related Sapphire Preferred & Ultimate Rewards Posts:

Eligibility

You will not be eligible for this signup bonus if you currently hold a Sapphire card, or have received a bonus on one in the past 48 months.

Also, recent reports indicate that if you have applied for 5+ credit cards in the last 24 months from any bank, you will not be approved for a Chase-branded Ultimate Rewards card. Read this post for more info.

Sapphire Preferred & Chase Freedom Perks

Beyond the new increased signup bonus, the Sapphire Preferred card offers great everyday perks.

The Chase Sapphire Preferred® Card earns 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide Plus, you will enjoy these additional benefits: primary CDW insurance on car rentals, trip cancellation/interruption insurance, and lost luggage reimbursement. Other benefits include no foreign transaction fees, smart chip technology, dedicated customer service line, extended warranty, and purchase protection.

A great companion card for the Sapphire Preferred is the Chase Freedom®, which offers rotating 5x points per $1 on up to $1,500 in purchases each quarter. You can combine your Chase Freedom® points with your Sapphire Preferred or Ink Business Preferred℠ Credit Card Ultimate Rewards account, enabling you to transfer your points out to the Ultimate Rewards travel partners.

Both cards are Visa Signature cards, which come with additional benefits. 

Ultimate Rewards Points

Ultimate Rewards points are some of the most valuable rewards points you can receive, for several reasons.

For starters, if you don't like to travel, you can use your Ultimate Rewards points as cash back at a 10:1 ratio, for example 60,000 points = $600.

Ultimate Rewards also has its own online travel booking site where you will receive a 20% discount for booking directly through their site. That means that 60,000 Ultimate Rewards points would be equivalent to $750 in travel if you booked your travel this way.

The most valuable way to maximize the value of your Ultimate Rewards points is to transfer them to one of their travel partner's loyalty programs. Those travel partners are: United, Southwest, British Airways, JetBlue, Iberia, Singapore Air, Virgin Atlantic, Hyatt, Marriott, and IHG properties.

Ultimate Rewards Transfer Partners

An example of great value when transferring your Ultimate Rewards points out to a travel partner is for an international flight to Europe through the United MileagePlus loyalty program. A round-trip ticket to Europe in economy will cost 60,000 United miles (or 60,000 Ultimate Rewards points transferred to United), and these round-trip flights to Europe can easily cost up $1,500.00! You can also fly one-way in business class on United for 55,000 miles, and those flights can run up to $5,000 or more.

See this post for all the ways to use your Ultimate Rewards points.

Summary

The public offer of 60,000 Ultimate Rewards points on the Sapphire Preferred is the highest I've seen, so if you're eligible for this card, now is a great time to apply. The Sapphire Preferred is widely considered one of the top personal travel rewards credit cards because of its great benefits and the value of Ultimate Rewards points.

New offer of 60,000 Points on the Chase Sapphire Preferred
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Comments

  • Can an individual have more than one Chase Sapphire Preferred Card? Thanks

  • Does the British Air card have as much as or more value than the Chase Sapphire card? I would not be going to Europe so I would need to transfer points back to US use.

    • Award Wallet says:

      It really depends on your travel plans. British Airways Avios are great for shorter distanced flights, and some long hauls (but you have to watch out for fuel surcharges). Ultimate Rewards points are more flexible than Avios, and can be transferred to British Airways at a 1:1 ratio anyway. In my opinion, the Sapphire Preferred is a better daily card, but the potential total of 100k Avios on the BA Visa needs to be considered.

  • Ed – the business version is the ink, you could also get that one And you can be an authorized used on someone else’s card. Otherwise, no.

    Anyone have any thoughts on how long a promotion like this typically lasts with Chase? I’m within the 5 cards in 24 months rule but should be better situated in January. Not expecting it to still be active then but – maybe?

  • Jed Blaugrund says:

    Is the Sapphire Preferred a better choice than the American Airlines Citibank Gold card? It sounds fantastic, but I’ve been an American Airlines loyalist for awhile. That said, I would gladly change if it was worth it. Thank you!

    • Award Wallet says:

      It depends on your travel, and spending. But generally, I would say the CSP is the best personal travel rewards card.

  • If I add my partner as an authorized user on my Chase Sapphire Preferred card to get the 5,000 point bonus, does that preclude him from opening his own account for the much larger 50,000 bonus? If not, then I suppose he can open an account and add me as an authorized user too for another 5,000 points, even if I already have the card myself.

  • puneet manwani says:

    is it possible for me to apply for any of these cards from abroad? For example from INdia?

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