Chase has increased the signup bonus for the Chase Sapphire Preferred credit card. They are now offering a best ever 80,000 Ultimate Rewards points for those who sign up for the card.
Chase Sapphire Preferred 80K Offer
- Earn up to 80,000 Bonus Points
- 50,000 bonus points after you spend $4,000 on purchases within the first 3 months of account opening.
- Plus earn an additional 30,000 bonus points after you spend $20,000 on purchases within your first year of account opening.
$0 intro annual fee for the first year, after that $95.
Chase won’t approve you for some cards if you’ve applied for more than five new cards in the last two years and the Chase Sapphire Preferred card falls under that 5/24 rule. These targeted offers sent by mail or email, do not bypass the 5/24 rule, so even if you did receive the offer, you need to be under 5/24.
This is the highest bonus we have ever seen for the Chase Sapphire Preferred card. You get 50,000 points when you spend $4,000 and then 30,000 more if you can spend a total of $20,000 within a year. So you’re basically getting 30K points for 16K spend after the initial bonus. That’s almost and extra 2X Ultimate Rewards on all your spending, which is a great earning rate.
The bonus is worth at least $1,000 when redeemed for travel through Chase Ultimate Rewards. But you can do even better if you have a Chase Sapphire Reserve card that gives you a value of 1.5 cents per point, or if you transfer to travel partners.
HT: Doctor of Credit