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Along with the launch of a best-ever bonus on the Chase Sapphire Reserve® (Rates & Fees) and the brand new Sapphire Reserve for Business℠ (Rates & Fees), Chase just launched a new offer on one of our all-time favorite travel rewards cards: the Chase Sapphire Preferred® Card (Rates & Fees).
While it's not the best bonus we've seen on this card, the current offer of 75,000 bonus points is better than the 60k bonus Chase has historically offered on this card.
Here's why now may be a great time to apply for this well-rounded $95 annual fee travel rewards card.
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
- Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
- 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
- Member FDIC
- Rates & Fees
- 5X points on Lyft rides through September 2027
- 5X points on travel purchased through Chase Travel℠
- 3X points on dining at restaurants worldwide
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
Earn 75,000 Points With the Chase Sapphire Preferred
As a new applicant for the Sapphire Preferred, you can earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
What is this Sapphire Preferred welcome offer worth?
The value of the Sapphire Preferred welcome bonus depends on how you choose to redeem your new stash of Ultimate Rewards points. But no matter how you use them, these points are worth a lot.
To get the most value, one of the best strategies is transferring your points to Chase’s 14 travel partners. On average, AwardWallet users redeem Ultimate Rewards points this way for 1.95¢ each — making the bonus worth over $1,400 toward award travel. And Chase has some excellent partners, including World of Hyatt, Virgin Atlantic Flying Club, and United MileagePlus.
If you’d rather avoid the hassle of transferring points and searching for award space, you can redeem points earned with the Sapphire Preferred through Chase Travel℠ at up to 1.75¢ per point through the new Chase Points Boost feature. At that rate, you can get as much as $1,300 in paid travel through this card offer.
Cardholders can also combine Ultimate Rewards points earned across their entire portfolio of Chase cards into a single account. That makes it easy to maximize card earnings and accumulate enough points toward your next redemption.
Why Should You Get the Sapphire Preferred?
Welcome bonus aside, the Sapphire Preferred is an incredibly well-rounded travel rewards card. It's one we recommend to beginners and seasoned travelers alike. Here are just a few reasons why.
Lucrative earning rates
It's easy to stock up on Ultimate Rewards points thanks to the Sapphire Preferred‘s many bonus categories. With this card, you'll earn points as follows:
- 5X points on Lyft rides through September 2027
- 5X points on travel purchased through Chase Travel℠
- 3X points on dining at restaurants worldwide
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
Several useful benefits
The Sapphire Preferred has a lengthy list of practical benefits, including:
- $50 annual hotel credit.
- 10% anniversary bonus points on the points you’ve accumulated from purchases over the past year.
- Complimentary DashPass from DoorDash.
- Primary collision damage waiver (CDW) insurance on car rentals worldwide.
- Trip delay reimbursement of up to $500 per ticket for delays of 12+ hours.
- Trip cancellation and interruption insurance up to $20k per covered trip.
- Lost luggage reimbursement and baggage delay coverage.
- Extended warranty and purchase protection.
- No foreign transaction fees.
Reasonable annual fee
The Sapphire Preferred offers cardholders a lot of value — and you'll get it all for just a $95 annual fee.
Who’s Eligible for This Sapphire Preferred Welcome Bonus?
Chase enforces multiple restrictions on rewards credit card applications. The first is a published application rule stating you can’t get the Sapphire Preferred if you currently hold a Sapphire card or have received a signup bonus for one in the past:
“The new cardmember bonus may not be available to you if you currently have any other personal Sapphire cards open, previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility.”
Keep in mind that you can still get this increased sign-up bonus if you're currently an authorized user on another Sapphire Preferred account.
Not sure if you qualify? Chase should now pop up a window letting you know that you aren't eligible for the bonus when you go to submit an application. If you get this message, you'll get the chance to cancel your application before you get a ding on your credit report.
Chase cards are also subject to a second, unpublished rule known as the Chase 5/24 policy. If you’ve been approved for five or more personal credit cards in the previous 24 months (from any card issuer), you likely won’t be approved for this card.
Our Take
It's not very often we see an increased offer on the Sapphire Preferred — much less one that offers 75,000 points. If you're eligible to apply for this card and earn the welcome bonus, it's more than worth submitting an application.
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
- Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
- 10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
- Member FDIC
- Rates & Fees
- 5X points on Lyft rides through September 2027
- 5X points on travel purchased through Chase Travel℠
- 3X points on dining at restaurants worldwide
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
For rates and fees of the cards mentioned in this post, please visit the following links: Chase Sapphire Reserve® (Rates & Fees), Sapphire Reserve for Business℠ (Rates & Fees), and Chase Sapphire Preferred® Card (Rates & Fees)
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