Earn 80,000 Chase Sapphire Preferred Bonus Points With This New Welcome Offer


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The Chase Sapphire Preferred® Card is already one of our favorite cards, but it just got even better for new cardholders.

This week, Chase announced a new limited-time welcome offer for Sapphire Preferred – 80,000 bonus points after spending $4,000 within the first three months of account opening. It’s worth $1,000 when you redeem your points for travel through Chase Ultimate Rewards.

This is the card’s biggest welcome offer since last year’s massive 100,000 point bonus. And it’s coming just in time for travelers preparing to book summer vacations.

Here’s what you need to know about the new Chase Sapphire Preferred offer and how to maximize bonus points with this card:

Chase Sapphire Preferred® Card
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Chase Sapphire Preferred® Card

Editor’s note: (4.5/5)

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Chase Sapphire Preferred® Card
Editor’s note: (4.5/5)
  • Introductory offer:

    80,000 dots

  • Annual subscription :

    $95

  • Regular APR:

    16.24% – 23.24% variable

  • Recommended credit score:

    670-850 (good to excellent)

Reward rate:

5x on trips purchased through Chase Ultimate Rewards®. 3x on meals. 2x on all other travel purchases, and more.

NextAdvisor review

Advantages

  • Generous welcome offer
  • Tiered bonus point categories
  • 25% bonus points when redeemed for travel through Chase Ultimate Rewards
  • 1:1 point transfer at airline and hotel partners
  • No foreign transaction fees

The inconvenients

  • $95 annual fee
  • High APR
  • Need to spend in bonus categories to maximize rewards
  • Other cards have similar bonus categories with higher reward rates

The essential

The Chase Sapphire Preferred is a tiered, point-accumulating rewards card for frequent travelers. Its most valuable features include a solid welcome bonus, premium points redemption options and access to Chase’s Pay Yourself Back program.

Additional card details

  • 25% redemption bonus on points redeemed for travel through Chase Ultimate Rewards or qualifying statement credits through Pay Yourself Back
  • Earn 10% of the value of your annual point purchases on each account anniversary
  • $50 in annual resort credits for hotel stays booked through Chase
  • Collision Damage Waiver for Primary Rental Vehicles
  • Travel coverage
  • Purchase protections

How to redeem the 80,000 point welcome offer

“The Chase Sapphire Preferred is one of the best travel cards on the market anyway, but this new 80,000 point sign-up bonus makes it even more appealing,” says Benoit Wilsoncredit card editor at The Points Guy (owned by Red Ventures, like NextAdvisor).

The new 80,000 point bonus is worth up to $1,000 in travel, thanks to the 25% point boost for the Sapphire Preferred card. When redeeming points for travel through Chase Ultimate Rewards, each point is worth 1.25 cents, instead of a standard redemption value of 1 cent per point.

To get the most out of the offer, make sure the minimum spend requirement is within your budget. You might want to time your inquiry when you’re ready to book a trip or make an upcoming big purchase. This way you can earn rewards on your spending as you work towards the bonus, while staying within your budget.

For example, if you’re planning on going on a summer vacation, you can use the Sapphire Preferred card to pay for flights and hotels and earn 2X points per dollar (or 5X points if you book through Chase). At the same time, the cost will bring you closer to the $4,000 requirement for the offer. Once you qualify for the bonus, you can save the points to redeem for further travel in the future.

How long will the 80,000 point bonus last?

The typical running Chase Sapphire Preferred welcome offer is 60,000 points after spending the same $4,000 within three months of account opening.

Chase has yet to release information on how long the new 80,000 point bonus will last, but it is a limited time offer – and historically Chase’s limited time offers don’t last long.

For example, last year’s high bonus offer of 100,000 points was launched in June 2021 and ended in October of the same year.

“It’s really hard to predict what card issuers will do in terms of the duration of high bonus offers,” says Wilson. “My advice is if you missed the 100,000 bonus you might want to jump on this one.”

Editorial independence

As with all of our credit card reviewsour analysis is not influenced by any advertising partnership or relationship.

How to max out the Chase Sapphire Preferred card

Even beyond its welcome offer, the Chase Sapphire Preferred is a travel credit card that stands out for its rewards and benefits.

It doesn’t offer as many perks or luxury travel credits as its premium sister card, the Chase Sapphire Reserve, but the Sapphire Preferred only charges a $95 annual fee and can greatly help you earn points on your daily purchases for future trips. .

Here is an overview of the Chase Sapphire Preferred Card rewards:

  • 5X points on trips purchased through Chase Ultimate Rewards
  • 3X points on meals (including qualifying delivery and takeout)
  • 3X points on select streaming services
  • 3X points on online grocery purchases
  • 2X points on all other travel purchases not booked with Chase
  • 1X points on everything else

Chase’s reward categories are also very broad, which can help you rack up more points over time. For example, the 2x travel category includes not only airline and hotel reservations, but also public transport, taxis, tolls and parking.

When you’re ready to redeem your points, you’ll get the most value by redeeming them for travel through Chase Ultimate Rewards at the increased value of 1.25 cents per point or by transferring points 1:1 to one of the partners of Chase travel. The full list of partner programs includes:

  • Aer Lingus Aer Club
  • British Airways Executive Club
  • Emirates Skywards
  • Air France/KLM Flying Blue
  • Iberia More
  • IHG Rewards Club
  • JetBlue TrueBlue
  • Marriott Bonvoy
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Quick Rewards
  • United MileageMore
  • Virgin Atlantic Aeroclub
  • The world of Hyatt

During the pandemic, Chase also introduced Pay Yourself Bank to give you more flexibility when redeeming points at the same premium rate as travel (1.25 cents per point for Chase Sapphire Preferred). Currently, you can use Pay Yourself Back to redeem points for Airbnb purchases (until June 30, 2022) or select charities (until December 31, 2022) with your Sapphire Preferred card. Other redemption options include cash, gift cards, and paying with points at the online checkout.

On each account anniversary, you will earn bonus points equal to 10% of your total purchases from the previous year. If you spend a total of $50,000 during the year, for example, that automatically represents an additional 5,000 points in your account.

There’s also a $50 annual credit for hotel purchases through Chase Ultimate Rewards, travel and purchase protections including trip cancellation and rental car insurance. Plus, you’ll receive partner benefits including 5X points on Peloton Bike and Tread purchases (up to 25,000 points total by June 30, 2022).

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