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It’s no secret that the entire MMS team loves earning and using Chase Ultimate Rewards points. I honestly believe they’re the most flexible and valuable rewards out there. And it’s why I’m excited to let y’all know about the increased offer on the Chase Sapphire Preferred® Card!
With the Chase Sapphire Preferred, you can now earn 60,000 Chase Ultimate Rewards points after meeting minimum spending requirements. That’s worth at LEAST $600 in cash back or $750 in travel when you book through the Chase Travel Portal. And you’ll get potentially much more value if you transfer points directly to airline and hotel partners, like United Airlines and Hyatt!
Earn More Chase Ultimate Rewards Points With the Chase Sapphire Preferred
Apply for the Chase Sapphire Preferred card here
With the increased offer on the Chase Sapphire Preferred, you’ll earn 60,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first 3 months of opening your account.
You’ll also get perks like:
- 2X Chase Ultimate Rewards points per $1 spent on travel and dining
- 1 Chase Ultimate Rewards point on all other purchases
- 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 12+ hours
- No foreign transaction fees
For as long as I can remember, the public welcome offer was 50,000 Ultimate Rewards points after meeting minimum spending requirements, which is 10,000 points less than this current offer. But with that offer, the card’s $95 annual fee was waived the first year. With this increased sign-up bonus, the $95 annual fee is NOT waived the first year.
Essentially, you’re paying $95 for an additional 10,000 Chase Ultimate Rewards points. Whether or not you consider that a “better” deal depends on how you use your Ultimate Rewards points.
At a minimum, 10,000 Ultimate Rewards points are worth at least $100 in cash back or $125 if you use them to book travel through Chase’s travel portal (where your points are worth 1.25 cents a piece). But like I mentioned above, you can get even more value of your points by transferring them to Chase’s travel partners!
It’s also important to note that you can only have one Sapphire-branded card at one time. So if you have the Chase Sapphire Reserve (our top premium credit card for travel!), for example, you won’t be eligible for this welcome bonus.
And Chase has added new rules for any Sapphire card. You can only earn a sign-up bonus on a Sapphire card once per 48 months. So if you’ve earned an intro bonus on the Sapphire Reserve or Sapphire Preferred in the past 4 years, you’re not eligible for this offer.
Plus, the Chase Sapphire Preferred is subject to Chase’s 5/24 rule. If you’ve opened 5+ credit cards from any bank (with the exception of certain business cards) in the past 24 months, you won’t be approved for any Chase card.
What do you think about this increased offer? Does the bigger bonus entice you to apply? We’d love to hear your thoughts in the comments below!