The welcome bonus of 80,000 points from Chase Sapphire Preferred is worth $ 1,000

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The Chase Sapphire Preferred® card is an exceptional travel credit card with great benefits and advantages and now the card has an increased welcome offer, which makes it even more attractive.

You will usually earn 60,000 Chase Ultimate Rewards® points after you sign up for Sapphire Preferred and spend $ 4,000 in the first three months of opening an account. You will now earn 80,000 bonus points if you pass $ 4,000 in the first three months.

Select distributes the updated bonus, card features and how you can take full advantage of the card.

Chase Sapphire Preferred welcome bonus

For a limited time, Chase Sapphire Preferred® card offers a welcome bonus of 80,000 points per minute of $ 4,000 in the first three months.

These 80,000 points are worth $ 1,000 to travel when used through the Chase Ultimate Rewards® travel portal, which allows you to book any trip you like, including flights, hotels and car rentals. However, Chase points can be even more valuable if you transfer them to a Chase hotel or airline partner.

And if you meet the minimum spending requirement and receive a welcome bonus, you will have at least 84,000 points to start booking your future travel plans.

Thanks to its excellent value, the annual card fee costs USD 95 at the beginning.

Chase Sapphire Preferred® card

  • Rewards

    Ultimate Rewards Annual Credit $ 50, 5 times points for travel purchased through Chase Ultimate Rewards®, 3 times points for meals, 2 times points for all other travel purchases and 1 times points for all other purchases

  • Welcome bonus

    Earn 80,000 bonus points after you spend $ 4,000 on purchases within the first 3 months of opening an account. That’s $ 1,000 when you claim it through Chase Ultimate Rewards®.

  • Annual fee

  • Introduction APR

  • Regular APR

    16.24% – 23.24% variable on purchases and transfers of balances

  • Balance transfer fee

    Either $ 5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

  • Credit required

Pros

  • Points are 25% more when you exchange them for traveling through Chase Ultimate Rewards®
  • Transfer points to leading 1: 1 frequent travel programs, including: IHG® Rewards Club, Marriott Bonvoy ™ and World of Hyatt®
  • Travel protection includes: disclaimer in the event of a car rental collision, luggage delay insurance and travel delay compensation
  • There is no charge for purchases outside the U.S.

Cons

  • annual fee $ 95
  • No initial 0% APR
  • Estimated rewards received after 1 year: $ 1,506
  • Estimated rewards received after 5 years: $ 2,528

Total rewards include points earned from the welcome bonus

Chase Sapphire Preferred Features

In addition to a great welcome offer, Preferred Sapphire It comes with solid benefits that will help you earn piles of points and also make your travel easier.

When you pass the card, you get:

  • 5X points per dollar spent on travel purchased through Chase Ultimate Rewards®
  • 3X points for a dollar spent on meals
  • 3X points per dollar spent on online grocery shopping (excluding Target, Walmart and wholesale clubs).
  • 3X points per dollar spent on selected streaming services.
  • 2X points per dollar spent on all other travel purchases
  • 1X points per dollar spent on all other purchases
  • Anniversary increase of 10%: Each anniversary of the account, you will receive bonus points of 10% of the total purchases made in the previous year. This means that if you spend $ 25,000 on purchases, you will receive 2,500 bonus points.

And when you have a card, you have access to valuable benefits such as:

  • $ 50 in statement annually for hotel stays purchased through Chase Ultimate Rewards®
  • Comprehensive travel insurance, including car rental
  • Purchase protection and extended warranty protection
  • No fees for foreign transactions

However, probably the most valuable part of this card is the ability to transfer your miles to a long list of airline and hotel loyalty programs. This way, you can actually increase the value of your points so that the welcome offer is worth thousands of dollars to travel.

How You Can Maximize Your Chase Sapphire Preferred Bonus

If you use them correctly, 80,000 Chase points can easily help you pay for a nice hotel stay or first class flight.

As for Chase Ultimate Rewards points, there are several ways to use them to travel: either through the Chase Travel Portal or by transferring them to selected airline and hotel loyalty programs.

While the Chase Travel Portal guarantees you a value of 1.25 cents when you have it Chase Sapphire Preferred® cardwhich means that 80,000 points will allow you to book $ 1,000 travel, you can easily realize more value outside of the travel portal.

To begin with, we present the current transfer partners that Chase has:

Airline travel partners

  • Aer Lingus AerClub
  • Air Canada Airport
  • Executive Club British Airways
  • Emirates Skywards®
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • KrisFlyer Singapore Airlines
  • Rapid rewards Southwest Airlines®
  • United MileagePlus®
  • Virgin Atlantic Flying Club

Hotel Travel Partners

  • IHG® Rewards club
  • Marriott Bonvoy®
  • World Hyatt®

Each of these partners converts in a 1: 1 ratio, which means that your 80,000 Chase points will change to 80,000 points with the appropriate program of your choice.

So how far can 80,000 points get you? Here are some examples:

  • Transfer 50,000 points to the Virgin Atlantic Flying Club to book a one-way business class flight to Delta Air Lines from the US to Europe (retail price: $ 2,800 +). You still have 30,000 points left.
  • Transfer 80,000 points to the World of Hyatt and book four nights at the Hyatt Andaz West Hollywood (retail price: up to $ 2,100 including taxes and fees)
  • Transfer 78,000 points to the British Airways Executive Club and book three return flights from West Coast cities to Hawaii via American Airlines or Alaska Airlines (retail price: $ 1,350)

Bottom line

As summer approaches, credit card issuers are beginning to fight for a place in your wallet. By whom Chase Sapphire Preferred® card is not the latest product, it is still one of the best “bang for you buck” travel credit cards available. And with this new 80,000 sign-up bonus, it delivers great value up front and then great benefits that make it a card worth keeping.

However, before signing up for a new credit card, it’s a good idea to check your credit score to make sure it’s level. To be approved for Sapphire Preferred, you will need a good to excellent credit score and you will be subject to the Chase 5/24 rule. But last but not least, it is important that you get the welcome bonus responsibly. It is never recommended to spend more than your current expenses just to get a welcome bonus, as this can lead to credit card debt, which could erase the value of the points earned.

Editorial note: The views, analyzes, reviews or recommendations expressed in this article are the sole views of Select and have not been reviewed, approved or otherwise approved by any third party.

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