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We knew the increased Chase Sapphire Preferred® Card was too good to last—and we now know when it’s scheduled to disappear. The offer will be gone by 9:00AM ET on 5/25/2023 if you use the link on this page (other online placements may expire sooner), so anyone considering the card should apply as soon as possible.
The Sapphire Preferred comes with 80,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s worth a minimum of $1,000 in travel, and a whole lot more if you’re familiar with the best ways to use Chase points. Previously, the Sapphire Preferred offered 60,000 points after meeting minimum spending requirements.
This card comes with a $95 annual fee, but it’s well worth the money for even casual travelers. We’ll show you why—and outline a few compelling incentives to jump on this offer before it disappears.
Chase Sapphire Preferred 80,000-Point Bonus Disappears Soon
The real value of Chase Ultimate Rewards® points lies in their flexibility. You can redeem them for cash, transfer them to over a dozen airline and hotel partners at a 1:1 ratio or use them to book travel through the Ultimate Rewards portal. Whether you’re after a domestic road trip or a hike through the Peruvian Andes, Ultimate Rewards points can help you get there.
If you’ve read our Chase Ultimate Rewards guide, you know that the value of these points is difficult to pinpoint. You’ll get vastly different values depending on the way that you redeem them. At the very worst, you can redeem this 80,000-point bonus for $800 in cash. With a few mouse clicks, you can choose to receive your money as a check, a direct deposit or statement credit on your card.
But with the slightest amount of elbow grease, you could squeeze significantly more value from this offer. For example, the Sapphire Preferred’s Ultimate Rewards points are worth 1.25 cents each when redeemed for travel through the Chase travel portal. This means that an 80,000-point bonus is worth $1,000 toward hotel stays, airfare, rental cars and more.
But your rewards will likely yield the highest value when transferred to Chase transfer partners such as Hyatt, United Airlines, Iberia, Virgin Atlantic and more. With some strategy, you could receive thousands of dollars in free travel. Here are a few options available to you with an 80,000-point windfall:
- Transfer to Hyatt for a weekend at the Park Hyatt New York, which often retails for over $1,000 per night after taxes.
- Transfer to Singapore Airlines for two round-trip flights to Hawaii on United Airlines from nearly anywhere in the U.S., potentially saving thousands.
- Transfer to British Airways for up to 10 domestic flights of 650 miles or less on American Airlines or Alaska Airlines—almost certainly offering more than $1,000 in value.
- Transfer to Virgin Atlantic for a one-way first class flight to Japan on ANA from the West Coast, which regularly costs over $14,000.
Just note that you’re not eligible for this card if you already hold a credit card in the Chase Sapphire family. You also cannot open the card if you’ve opened five or more credit cards from any bank (with the exception of most small business credit cards) in the past 24 months. This is known as the Chase 5/24 rule.
Additionally, you’re not eligible for this card bonus if you’ve already earned a bonus from a Chase Sapphire credit card within the last 48 months.
The Chase Sapphire Preferred Is Our Top Beginner Travel Card
The Chase Sapphire Preferred® Card is a worthwhile card regardless of the size of its bonus. It routinely ranks near the top of our list of best travel credit cards.
That’s because it comes with hyper-valuable perks such as excellent travel protections, up to $50 in credits toward hotel stays reserved through the Chase travel portal and solid earnings rates for both travel-related and everyday spending.
The card also offers a slew of temporary benefits with partners, such as six months of free Instacart+ (must be activated by July 31, 2024) plus $15 in quarterly statement credits through July 2024 for Instacart+ members, complimentary DashPass and $10 in monthly Gopuff credits through December 2023.
Find the Best Travel Credit Cards for 2024
Find the best travel credit card for your travel needs.
Bottom Line
The Chase Sapphire Preferred® Card’s increased bonus is scheduled to expire by 9:00AM ET on 5/25/2023. Until then eligible new cardmembers can earn 80,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. This deal won’t last much longer, so if you’re thinking about applying for the card, now is a great time.
FAQs
Bottom Line. The Chase Sapphire Preferred® Card's increased bonus is scheduled to expire by 9:00AM ET on 5/25/2023. Until then eligible new cardmembers can earn 80,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
How often does Chase offer an 80k bonus? ›
The last time the Chase Sapphire Reserve® offered an elevated bonus was in October 2022, when the welcome offer was 80,000 points. The Preferred also had an 80,000-point bonus over a year ago in April 2023. If you've been considering getting either Sapphire card, now is as good a time as any.
How long will the Chase Sapphire Preferred 80k bonus last? ›
But you'll have to act fast as the offer will end by the end of the day on May 24, 2023. For a limited time, new Chase Sapphire Preferred® Card members can earn 80,000 bonus points after spending $4,000 on purchases in the first three months from account opening.
How much is 80000 Chase points worth in travel? ›
80,000 Chase points are worth around $824 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 80,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.
How to get Chase Sapphire Reserve 80k bonus? ›
The Chase Sapphire Reserve card has a huge welcome offer — 80,000 bonus points after spending $4,000 on purchases in the first 3 months after account opening.
How do you get 80000 points on Chase Sapphire Preferred? ›
The Chase Sapphire Preferred's increased welcome bonus gives you 80,000 bonus points after spending $4,000 on purchases within the first three months from account opening. This offer will end by the end of the day on May 24, 2023. At a minimum, 80,000 Chase points are worth $800 in cash back.
How to get 100,000 bonus points for Chase Sapphire? ›
As of June 4th, 2021, Chase is offering an unbelievable welcome bonus of 100,000 Ultimate Rewards points when you sign up for the Chase Sapphire Preferred card and spend $4,000 within the first three months of account opening.
What is the highest Chase Sapphire Preferred bonus ever? ›
The Chase Sapphire Preferred® Card just launched its biggest welcome bonus ever, and one of the best bonuses we've ever seen on a credit card. If you sign up for the Chase Sapphire Preferred® Card now you'll earn 100,000 Chase Ultimate Rewards points after spending $4,000 in the first three months of card membership.
How do I get my Chase Sapphire Preferred bonus twice? ›
You are eligible for another Sapphire sign up bonus once every 48 months from your last Sapphire sign up bonus. This is why it is always recommended to get the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® as soon as possible so you start that 48 month clock.
How much do you have to spend on Chase Sapphire Preferred to make it worth it? ›
You need to spend at least $1,520 per year to make Chase Sapphire Preferred worth it, depending on what you purchase. The best way to get your money's worth from Chase Sapphire Preferred is to qualify for its initial bonus, use the card for travel and dining purchases, and pay the bill in full each month.
How much are 100,000 Chase rewards points worth? The math is the same as above, so 100,000 Ultimate Rewards points are typically worth at least $1,000.
How many points do I need for a free flight with Chase? ›
Redeem your rewards for a free flight
While the shortest flights will cost you about 10,000 miles for a free ticket, sometimes you can redeem any amount of miles you have in your account to find reduced fares on participating airlines.
How many Chase points equal a flight? ›
Aeroplan award chart for partner flights within North America
| Distance (miles) | Economy | Business |
|---|
| 0 - 500 | 6,000 pts | 15,000 pts |
| 501 - 1,500 | 10,000 pts | 20,000 pts |
| 1,501 - 2,750 | 12,500 pts | 25,000 pts |
| 2,751 + | 22,500 pts | 35,000 pts |
Welcome offer: With the Chase Sapphire Reserve, earn 75,000 bonus points after spending $4,000 on new purchases within the first three months. You can cash out those bonus points for 1.50 cents apiece—a value equal to $1,125—on travel through the Chase Travel portal. This offer ends by 2 p.m. CST on June 13, 2024.
How to get Chase Sapphire Reserve annual fee waived? ›
the $550 annual fee is completely waived down to $0! How do I get the Chase Sapphire Reserve fee waiver for military? If you open the card while your are on active duty, the fee waiver will be automatically applied when Chase checks your Social Security number against the Military Lending Act database.
Can you upgrade from Sapphire Preferred to reserve and get bonus? ›
Upgraded credit cards are not eligible for the Chase Sapphire Reserve®'s welcome bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. You'll forfeit this reward opportunity if you make a product switch.
How often does Chase have bonus offers? ›
You can receive only one new checking account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.
What is the 75k bonus for Chase? ›
Starting now, if you spend $4,000 on qualifying purchases within the first three months of opening a Sapphire Preferred or Sapphire Reserve card, you'll receive 75,000 points. That means you'll need to spend at least $1,334 per month to earn the bonus.
Can you get Chase welcome bonus twice? ›
Yes, you can get a Chase Sapphire bonus twice, but only after a long waiting period. If you get the bonus of 60,000 points from the Chase Sapphire Reserve® card, you cannot get another initial bonus from any Sapphire card for the next 48 months.
How much is 75000 Chase bonus points worth? ›
75,000 Ultimate Rewards points are worth an average of $773, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.
