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You can earn 50,000 Chase Ultimate Reward bonus points with the Chase Sapphire Preferred Credit Card after you spend $4,000 on the card within the first three months of account opening.

Plus, you’ll also earn an additional 5,000 bonus points after you add an authorized user toy your account, and make a purchase on the authorized users card, within the first three months from account opening.

If you redeem your Chase UR points towards travel, through Chase Ultimate Rewards, your points will be worth 1.25 cents per point, which makes the signup bonus worth $625 (or $687.50 if you add an authorized user) towards travel!

Of course you can also just simply choose to redeem your points for cash back. If you choose the cash back option, your points will be worth 1 cent per point, which makes the signup bonus worth $500-$550.
Alternatively, you can transfer your points to one of the many Chase partner Airline and Hotel loyalty programs on a 1:1 ratio. Many times, depending on the award redemption, transferring to airline or hotel loyalty programs, can make your points be worth even more, than the 1.25 cents per point you’ll otherwise get if you were to redeem them for travel  travel through Chase Ultimate Rewards.
Airline and Hotel loyalty programs transfer options include: United MileagePlus, Southwest Rapid Rewards, Air France Flying Blue, British Airways Avios, Virgin Atlantic Flying Club, Korean SkyPass, Singapore Airlines KrisFlyer, IHG Rewards, Hyatt Gold Passport and Marriott / Ritz Carlton Rewards.

With this card you’ll also earn 2 points for every $1 spent on travel and dining at restaurants, and 1 point for every $1 spent everywhere else. There is no foreign transaction fees for this card. There is a $0 Intro Annual Fee for the first year. then $95 for each additional year.

This and many other credit cards, can be found on the credit card pages, via the links in credit cards tab on the navigation toolbar above.