Update: Offer expired.
For a limited time, Chase has increased the signup bonus offer on the Chase Sapphire Preferred card, to its highest ever public bonus of 100,000 points!
To get the 100,000 bonus points, new cardholders need to just spend $4,000 on purchases within the first 3 months from account opening.
These 100,000 points are worth a minimum of $1000 cash back or $1250 when redeemed towards travel, or other categories with the Pay Yourself Back feature! The Pay yourself back feature allows you to redeem points for purchases on rotating categories, at 1.25 cents per point.
Additionally, with this card, you will also earn a free $50 credit for hotel accommodations annually!
You’ll also be getting a 10% anniversary points bonus for all purchases on this card. For instance if you spend $25,000 on your card, you’ll get a 2,500 point bonus.
For purchases on this card you’ll be earning:
- 5 points for every dollar spent on travel purchased through Chase Ultimate Rewards
- 3 points for every dollar spent on dining
- 2 points per dollar spent on all other travel purchases.
- For all other purchases, you will earn 1 point per dollar.
With this card you’ll also get:
- Unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
There are no foreign transaction fees with this card.
Besides for redeeming for cash back, travel via Chase Ultimate Rewards, or redeeming for the “Pay Yourself Back” categories, points on this card can also be transferred 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 100,000 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. If you currently have one of these cards active, you can downgrade them to one of the freedoms, wait a few days, then apply for the current Sapphire Preferred offer.
If you are unsure if you are within the 48 months, you can just apply and Chase will neither pull your credit nor approve you if you ineligible to get the card bonus.