Update: This offer is expired.

Chase has increased the sign up bonus on the Sapphire Preferred from 40,000 bonus points to now 50,000 + 5,000 bonus points when you add an authorized user. You will now receive 50,000 bonus points after spending $3,000 in the first 3 months and an additional 5,000 points when you add an authorized user to your account.

There is also another new offer of 40,000 + 5,000 bonus points. The difference between the offers is that the 55k bonus offer comes with a $125 annual fee after first year as opposed to the 45k sign-up bonus which comes with a $95 annual fee.

There is no fee for adding an authorized user.

Benefits of the Sapphire Preferred:

• 2x points on travel and dining, 1 point on all other purchases.
• Earn an annual 7% point bonus on all spending.
• Points are redeemable for 1% cash back or points can be transferred at a 1:1 ratio to United Airlines, British Airways, Korean Air, Southwest Airlines, Virgin Atlantic, Hyatt, Marriott, Ritz Carlton, Priority Club and Amtrak or points can be used at a value of 1.25 for each point towards airfare.
• No Foreign transaction fees.
• Card come with an EMV chip so that you can use it hassle free in Europe.
• 24/7 Customer service – your calls are always answered by a human.
• Worldwide collision insurance when renting a vehicle (including Israel)
• First year free