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The regular offer on the Chase Sapphire Preferred has increased. Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®.
This is an excellent deal because the usual sign-up bonus is 40,000 Chase Ultimate Rewards points.
This is as high as the sign-up bonus on this card gets. I’ve never seen a higher offer.
I’ll explain why this is my all-around favorite credit card for Big Travel!
What’s the Deal?
Link: Chase Sapphire Preferred
When you open the Chase Sapphire Preferred card, you’ll earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®.
You’ll also get:
Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
5,000 bonus Chase Ultimate Rewards points when you add an authorized user who makes a purchase within the 1st 3 months
- Primary car rental insurance – Covers damage or theft to your rental car, when you pay for the rental with your card
- Trip delay reimbursement – Get up to $500 back per ticket when your trip is delayed more than 12 hours
- $0 foreign transaction fees
The annual fee is $0 for the first year, then $95. This makes it easy to evaluate the card for ~10 months without a fee to see how you like it.
If you decide to cancel, it’s very easy to do so by sending Chase a secure message through your Chase account. Or you can call.
That said, this is 1 of the cards I keep because Chase Ultimate Rewards points are my favorite kind of points!
The 2X travel category is broadly defined as:
Airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges, and highways, and parking lots and garages.
Another thing I like about this card is you talk to a person when you call. That’s why I call this the best card for impatient people. And I’ve found their agents to be very helpful!
This is 1 of my go-to cards while overseas. Because when I use it there are $0 foreign transaction fees. I also like earning 2X points on travel and dining when I try new restaurants in the places I visit.
Some folks like that with Chase Sapphire Preferred, you can access special VIP events.
Note: If you’ve already held this card, the terms and conditions say you can earn the bonus again as long as you have not received the bonus in the past 24 months, or if you currently have the card.
Chase has gotten stricter about their approvals, especially if you’ve opened more than 5 new credit cards within the past 24 months. But some folks report success opening new Chase cards anyway. If you have a good relationship with Chase, and good credit, Chase may decide to extend new credit to you.
The bonus points will post to your account on your billing statement following when you meet the minimum spending requirements.
And if you recently (within ~90 days) got a lower bonus on the card, you can send a Secure Message from your Chase account or call Chase and ask to be matched to the increased bonus. Lots of folks report success when they ask Chase to match the current offer.
What Can You Do With 50,000 Chase Ultimate Rewards Points?
With the Chase Sapphire Preferred, you’ll earn flexible Chase Ultimate Rewards points which you can transfer to airline and hotel partners such as United Airlines and Hyatt. There are never any transfer fees and most transfers are instant.
|Chase Ultimate Rewards Airline Transfer Partners|
|British Airways||Flying Blue (Air France/KLM)||Korean Air|
|Singapore Airlines||Southwest||United Airlines|
|Chase Ultimate Rewards Hotel Transfer Partners|
For most folks, starting with flexible bank points helps you get Big Travel with Small Money, like award flights to Europe. Here’s how to decide which type of miles to collect for your trip!
When you have the Chase Sapphire Preferred (or Chase Ink Plus or Ink Bold) you can transfer the points you’ve earned with the Chase Freedom or Chase Ink Cash to partner airlines and hotels.
Note: Once you transfer your Chase Ultimate Rewards points to travel partners, you can NOT transfer them back.
Here are a few excellent ways to use your Chase Ultimate Rewards points for Big Travel to get you started!
1. Award Flights on United Airlines
You can instantly transfer Chase Ultimate Rewards points to United Airlines at a 1:1 ratio if you have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available).
For 25,000 United Airlines miles, you can get a round-trip award flight to anywhere within the mainland US, Canada, or Alaska. 50,000 United Airlines miles is enough for 2 round-trip award flights!
I love that United Airlines does NOT add fuel surcharges to their award tickets.
And remember, you can also use United Airlines miles to book flights on partner airlines like Air Canada and Lufthansa!
2. Deals to Hawaii with Singapore Airlines
So you can book United Airlines flights using Singapore Airlines miles. Including award flights to Hawaii!
You can book the exact same United Airlines flights using fewer miles with Singapore Airlines miles.
You’ll save 10,000 miles per person when you fly coach. And 20,000 miles when you fly First or Business Class! If you want to fly the whole family, those miles can really add up!
Read my post on how to book United Airlines flights with Singapore Airlines miles.
3. Award Stays at Hyatt
Link: Hyatt Award Chart
I found nights in February for ~$524 a night.
So you’d save over $1,000 if you redeem your points instead!
Here are all the ways to earn Hyatt points!
4. Award Flights on Southwest
50,000 Southwest points are worth ~$625 to ~$715 in Southwest flights. The number of points required to book a Southwest flight depends directly on the advertised fare.
When you have the Southwest Companion Pass, a friend or family member flies with you for (almost) free every time you fly Southwest for up to 2 years! That’s like getting 2 tickets for the price of 1, so your points are worth double!
As a reminder, the Chase Ultimate Rewards points to transfer to Southwest do NOT count toward the Southwest Companion Pass.
Don’t forget, you can use your Southwest points to fly to the Caribbean!
Emily and I love to fly Southwest because you get 2 free checked bags on each flight and you never have to worry about change or cancellation fees!
5. Any Available Flight!
When you book flights through the Chase Ultimate Rewards travel portal, each point is worth 1.25 cents.
So you’ll get $625 worth of travel with the 50,000 points you earn with the Chase Sapphire Preferred.
The advantage of this is you don’t have to worry about blackout dates or finding award seats. And you’ll still earn miles for your flight!
Should You Apply?
Link: Chase Freedom
Link: Chase Ink Cash
The current sign-up on bonus on the Chase Sapphire Preferred is as high as it gets.
10,000 more Chase Ultimate Rewards points may not seem like a huge increase over the normal offer, but consider how much those extra points are worth:
- Enough for a short 1-way coach award flight within the mainland US, Canada, or Alaska on United Airlines (It’s only 10,000 United Airlines miles for flights under 700 miles. Or 12,500 United Airlines miles for flights over 700 miles)
- 2 award nights at a Category 1 Hyatt hotel
- ~$143 to ~$170 worth of flights on Southwest
- $125 toward flights with the Chase Travel Portal
Or you could use 10,000 Chase Ultimate Rewards points for $100 in cash back.
If you’ve had your eye on this card, now is the best time to apply.
I especially like the timing of this offer because lots of folks are doing their holiday shopping anyway. So that will help you meet the minimum spending requirement.
The Chase Sapphire Preferred card has a higher sign-up bonus. Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®.
That’s the highest I’ve seen on this card, so if you’ve been thinking about getting it, now is a great time.
The usual sign-up bonus is 40,000 Chase Ultimate Rewards points, and the extra 10,000 points are worth at least $100 but much more when you transfer them to airline and hotel partners like United Airlines, Singapore Airlines, Hyatt, and Southwest.
Chase Ultimate Rewards points are my favorite kind of points! Because they have great transfer partners. And they’re relatively easy to earn with category bonuses such as double points on dining with Chase Sapphire Preferred.
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