Last updated on September 6th, 2023
Chase Sapphire Preferred is offering one of its best welcome offers ever. The premium travel credit card from Chase is offering 80,000 Ultimate Rewards points to new accounts after meeting minimum spending requirements. Here’s everything you need to know about Chase Sapphire’s best offer yet:
Sapphire Preferred Offering 80,000 Bonus Points
The Chase Sapphire Preferred is a premier lifestyle credit card that helps cardmembers unlock more of what they love, explore every corner of the world, and enjoy elevated, exclusive experiences. The card, which features a $95 annual fee, provides statement credits, Ultimate Rewards points, and more for the discerning traveler.
Now, Chase is supercharging those travel dreams with one of the Sapphire Preferred’s biggest welcome bonuses. Effective April 20 and running for a limited time, Sapphire Preferred is offering new cardmembers 80,000 points. To qualify, new accounts must spend at least $4,000 within the first three months of account opening. Those 80,000 points are worth $1,000 when redeemed for travel through the Chase Ultimate Rewards (UR) Portal.
To build excitement for the latest welcome bonus, Chase is providing a helpful guide as to where those 80,000 Ultimate Rewards points can take you. For example, here are sample redemption options:
|Travel||Use the 80,000 points to book a dream vacation. Chase Sapphire Preferred provides up to $50 in statement credits for hotel stays purchased through UR.|
|Dining||Use points towards exclusive dining experiences, including EEEEEATSCONs across the country.|
|Events||Use points to unlock exclusive cardmember packages at exciting events, like the best music festivals around the country, F1 Miami Grand Prix, PGA and LPGA Championships, and more.|
|Everday||You can also use your points on a variety of other everyday items, including Lyft, DoorDash Amazon, and more.|
As mentioned, the Sapphire Preferred is a global travel juggernaut. The card earns its greatest points on the travel category, with cardmembers earning an impressive 5X on travel booked through the Chase Travel portal. Other bonus categories include 3X on dining, online groceries, and select streaming services, 2X on all other travel, and 1X on all other purchases.
Cardholders also enjoy no foreign transaction fees, 25% more value for points when redeemed through Chase’s travel portal, and a $50 annual Ultimate Rewards hotel statement credit. The card has a $95 annual fee that Chase does not waive for the first year.
Perhaps the best competition to the Sapphire Preferred comes from the Bilt Mastercard from Wells Fargo. The rent credit card is the only one of its type, offering 1X points on rent up to $50,000 in spending each year. Beyond rent, the Bilt card also prioritizes travel, with cardholders earning 2X points on travel and 3X on dining. While the rewards with the Bilt are slightly lower than the Sapphire, the card features no annual fee (in addition to no foreign transaction fees). Bilt also allows point transfers to several airlines and hotels, including Emirates, Aeroplan, IHG One, Hyatt, and more.
Here’s how the two cards stack up:
|Network||Visa Signature||World Elite Mastercard|
|Rewards||Earn 5X on travel purchased through Chase Ultimate Rewards, 2X on all other travel purchases, 3X on dining, 3X on groceries and streaming services, and 1X on all other purchases||Earn 5X points on Lyft, 3X points on dining, 2X on travel, and 1X on rent payments (up to 50,000 points per year)|
|Perks||Hotel credits, more value when redeeming for travel, points transfers||Lyft credits, DoorDash credits, cell phone protection, points transfers|
Related Article: The Best Travel Credit Cards