For a limited time, Chase has increased the offer on the Chase Sapphire Preferred card, to 80,000 points and a $50 grocery credit! These 80,000 points are worth a minimum of $800 cash back or $1000 when redeemed towards travel, or groceries with the Pay Yourself Back feature!.
To get the 80,000 welcome points, you’ll need to spend $4,000 within 3 months.
Plus, new Chase Sapphire Preferred card members will also get a one time $50 statement credit on grocery store purchases!
With this card you’ll earn:
- Earn 2X points on travel expenses (Airfare, Hotels, Car rentals, Taxis, Subways, Trains, Tolls, Parking, etc;).
- Earn 2X points on dining worldwide.
- Earn 2X points on up to $1,000 per month in grocery store purchases through 4/30/21
- Earn 5X points on Lyft rides through March 2022.
- Earn 1 point per $1 spent on all other purchases.
With this card you’ll also get:
- Complimentary DashPass subscription from DoorDash for a minimum of 1 year after activating by December 31, 2021 – DashPass gives you free delivery and lower service fees on orders over $12 from eligible restaurants on DoorDash (it usually costs $9.99 a month).
- This card also has no foreign transaction fees.
Besides for redeeming for cash back at 1 cent per point, you can also redeem your points for travel through Chase, at a value of 1.25 cents per point. For instance, you can purchase $1,250 of airfare for just 100,000 points. If someone in your household has a Sapphire Reserve, then you can transfer the points to their account, and your points will now be worth 1.5 cents towards travel! You can then purchase $1500 of airfare for just 100,000 points!
You can also transfer points at a 1:1 ratio to the following airline and hotel partners: United, Singapore, Air France/KLM Flying Blue, British Airways, Aer Lingus, Iberia, Emirates, JetBlue, Southwest, Virgin Atlantic, Hyatt, IHG and Marriott.
Other benefits of this card include:
- Primary rental car CDW insurance in every country, including Israel and Italy! Most cards only offer secondary rental car CDW insurance, but with the Sapphire, this is primary, meaning this won’t effect your regular car insurance.
- Trip Cancellation/Trip Interruption Insurance
- Lost Luggage Insurance
- Trip Delay Reimbursement
- Baggage Delay Reimbursement
- Travel Accident Insurance
- Purchase protection for items damaged or stolen within 120 days
This card has a $95 annual fee for the primary card and no annual fee for any additional cardholders.
After the year is up, if you do not want to pay the annual free, you can downgrade to either of these two no annual fee cards. This way you’ll pay no annual fee the second year, but you will still have locked in the 60,000 signup points on the Sapphire Preferred!
Bear in mind, that this is a Chase card, so there is the 5/24 restriction on this card. Meaning, if you got 5 new credit cards, from any issuer, within the past 24 months, Chase will not approve you for this card. If you are unsure as to how many cards, you’ve gotten within the past 24 months, you can check your credit report for free at annualcreditreport.com to check how many accounts are showing as being open in the past 24 months.
This restriction is only for credit cards where you are the Primary card holder. If you are only an authorized user, or you’ve gotten a store credit card, Chase will initially count those in the 5/24, but you can call Chase and have those removed, and get manually approved for this card.
Also note that there is a 48 month restriction on earning any welcome bonus for this card, so if you have received any signup bonus on either the Sapphire Reserve, Sapphire Preferred, or Sapphire card within the past 48 months, you will not get the signup bonus. You also won’t get approved for this card if you currently have an active Sapphire Reserve, Sapphire Preferred, or Sapphire card.
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