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October 3, 2024: Chase has released a new limited-time Chase Sapphire Preferred® bonus offer through referral links. We expect this to be available tomorrow through most channels.
We expect this to be available through the affiliate links on our site soon, but right now you can find the best offer through the referral links on this page.
Here’s what you need to know about the current Chase Sapphire Preferred® Card new cardmember bonuses.
Best Chase Sapphire Preferred® Card bonus: 60k + $300 Chase Travel℠ offer
Currently, the best Chase Sapphire Preferred® Card welcome offer is available only through referral links:
Get up to $1,050 in Chase Travel value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That’s worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. Learn how to apply. (This is a referral link.)
In this article…
Current Chase Sapphire Preferred® bonus offers
Referral offer: $300 Chase Travel credit, plus 60k bonus points
On October 3, 2024, we noticed that referral links started showing a new Chase Sapphire Preferred® bonus offer:
Get up to $1,050 in Chase Travel value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That’s worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
At the moment, this offer is only available through referral links. (Click here for a referral link from our community.)
Online bonus: 60k Chase Sapphire Preferred® bonus for new cardmembers
As of October 3, 2024, the best Chase Sapphire Preferred® Card welcome bonus available through most channels offers 60,000 points after $4,000 of spending in 3 months. Here are the details:
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Preferred® Card sign-up bonus
bonus_miles_full
Business-as-usual welcome bonus. A larger bonus offer ended online on 6/13. You may be able to get a larger offer in-branch.
More about this card
Benefit highlights:
Premium travel insurance benefits.
Transfers to Ultimate Rewards® travel partners.
Extended warranty.
Purchase protection.
Rewards:
5x on travel purchased through Chase Travel℠.
3x on dining, including eligible takeout and delivery services.
3x on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
3x on select streaming services.
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Learn more:
Read our review of the Chase Sapphire Preferred.
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
In branch: Chase Sapphire Preferred® in branch offer: Additional 10k points—Up to 70k total points
On June 26, 2024, we confirmed that there was a 70k offer available on the Chase Sapphire Preferred® Card. This offer is an in-branch exclusive and awards an additional 10,000 points on top of the regular Sapphire Preferred bonus.
The 70k offer is earned in two parts, broken down as follows:
- Earn 60,000 points after you spend $4,000 in purchases in the first 3 months from account opening.
- Earn an additional 10,000 bonus points after you spend a total of $6,000 within the first 6 months from account opening.
If you live near a Chase branch, meet with a banker to get this better offer.
Chase Sapphire Preferred® Card at a glance
The Chase Sapphire Preferred® Card offers access to Chase’s valuable Ultimate Rewards® transfer partners, plus some of the best travel insurance protections you’ll get on a credit card at this price point. The card is best for travelers who travel by air at least a few times a year.
Sign-up bonus
bonus_miles_full Learn how to apply.
Chase occasionally offers a better sign-up bonus Chase Sapphire Preferred® Card in-branch. See our coverage of the Sapphire Preferred sign-up bonus for details on what else might be available.
Rewards
- 5x on travel purchased through Chase Travel℠,
excluding hotel purchases that qualify for the $50 annual Chase Travel hotel credit. - 5x on Lyft rides through March 31, 2025.
- 5x on Peloton equipment and accessory purchases over $150,
with a maximum of 25,000 total points through March 31, 2025. - 3x on dining, including eligible takeout and delivery services.
- 3x on online grocery purchases,
excluding Target, Walmart, and wholesale clubs. - 3x points on select streaming services.
- 2x on other travel purchases.
- 1x on other purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Ultimate Rewards® can be combined across cards you hold. If you hold a premium Ultimate Rewards card, you can transfer your points to Chase’s transfer partners or use your points for increased value when you book travel through Chase Travel℠. For more about using Ultimate Rewards, check out our guide on the Ultimate Rewards program.
Benefits
Consumer insurance benefits
- Purchase protection. Offers coverage for up to 120 days against damage or theft of new purchases for up to $500 per claim and $50,000 per account.
- Extended warranty protection. Adds one year of coverage to U.S. manufacturer’s warranties of 3 years or less.
Travel insurance benefits
- Trip cancellation/interruption insurance. Covers non-refundable pre-paid travel expenses, including passenger fares, tours, and hotels if your trip is canceled or cut short by sickness, severe weather, or other covered situations. Coverage is included up to $10,000 per person and $20,000 per trip.
- Auto rental collision damage waiver. Provides primary rental car coverage against collision and theft for most rental cars in the U.S. and abroad when you decline the rental company’s collision damage waiver insurance and use your card to rent your car.
- Baggage delay insurance. Offers reimbursement for essential purchases like toiletries and clothing when your baggage is delayed by more than 6 hours. Coverage is provided up to $100 a day for 5 days.
- Trip delay reimbursement. Covers essential expenses, such as meals and lodging if your travel by common carrier is delayed by 12 hours or more or requires an overnight stay. Coverage is provided up to $500 per ticket.
- Lost luggage reimbursement. If your luggage is lost while traveling by common carrier, this benefit can reimburse you up to $3,000 per covered person, per trip to replace your lost luggage.
- Travel accident insurance. This insurance pays a fixed amount for certain losses of life and limb when you charge your airfare to your card.
- Travel and emergency assistance services. This service can provide referrals to a variety of medical, legal, and travel emergency services when traveling abroad. You are responsible for the costs of any services provided.
Partner benefits and statement credits
- DoorDash DashPass Subscription, plus $10 monthly discount. Receive complimentary access to DashPass—a membership for both DoorDash and Caviar—for at least one year when you activate by December 31, 2027. DoorDash members get up to $10 off a month on non-restaurant orders.
- $50 Chase Travel℠ annual credit. Earn up to $50 in statement credits each account anniversary year for hotels stays purchased through Chase Travel.
Rewards benefits
- More value for points when redeemed through Chase Travel℠. Get 25% more value when your points are redeemed for travel through Chase Travel.
- 10% anniversary bonus. Get bonus points equal to 10% of your total purchases in the previous account anniversary year on your account anniversary. For example, if you made $25,000 of purchases on your card, you’ll get 2,500 bonus points.
- Point transfers to airline and hotel partners. Transfer your points to one of Chase’s many airline and hotel transfer partners. See our guide to Ultimate Rewards® for more details on how to use points.
More on Chase Chase Sapphire Preferred® sign up bonuses
Here’s a bit more on how to get the best Chase Sapphire Preferred® Card sign up bonus, including how you may be targeted for an even bigger bonus.
Chase may send out targeted larger offers.
Within the last several months, I’ve seen posts on Reddit indicating that Chase is sending out targeted offers with higher welcome bonuses. Doctor of Credit also reported this a while back. If you’re in the market for a Chase Sapphire Preferred® Card, keep an eye on your mail, since people who received these offers received the via direct mail. We know of no way to trigger being targeted for the higher welcome bonus.
The best way to use your Chase Sapphire Preferred® bonus points
The Chase Sapphire Preferred® Card earns Ultimate Rewards® points, which can be used for cash back, travel, and a variety of other redemptions. However, not all redemption options are created equal. The Sapphire Preferred offers you two of the best ways to use your Ultimate Rewards points: Point transfers to partners and booking travel through Chase Travel℠ for 25% more value. Here are the best ways to use your points.
- Cash back. You can always use Ultimate Rewards® points for cash back redemptions. You’ll get 1 cent per point for cash back redemptions on any Ultimate Rewards credit card.
- Options available with premium cards. If you hold a premium Ultimate Rewards card, you can a few additional options for using your points. Premium Ultimate Rewards cards include the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred® Credit Card. You can also use the points you earn on your no-annual-fee card for these premium redemption options if you first transfer your points to your premium card.
- Travel through Chase Travel℠. Premium Ultimate Rewards cards offer increased value when you use your points to book travel through Chase Travel℠. You get 25% more value for bookings through Chase Tavel with the Sapphire Preferred or Ink Preferred. And you’ll get 50% more value for bookings made through the Sapphire Reserve card.
- Transfers to airline and hotel partners. All of the Premium Ultimate Rewards cards offer point transfers to travel partners. Transfers to partners offer the opportunity to get outsized value for your points through luxury travel redemptions. Our favorite Ultimate Rewards® transfer partners include Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Avios, United Mileage Plus, Virgin Atlantic Flying Club, and World of Hyatt.
My take on the current Chase Sapphire Preferred® bonuses
I appreciate Chase’s creativity with its current Chase Sapphire Preferred® Card bonus offer. Most people will get the most value from the Sapphire Preferred using points for bookings through Chase Travel℠ and adding a $300 Chase Travel credit to the bonus gives new cardmembers a way to experience booking through Chase Travel.
And in terms of value, this offer is arguably on-par with the best Chase Sapphire Preferred bonus offers we’ve seen since the launch of the card. Points maximizers would probably prefer to have more points (in that case, check out our Ultimate Rewards® bonus offers page) but for most people, the $300 Chase Travel credit offers substantial, easy-to-use value.
Bottom line: The current Chase Sapphire Preferred® bonus is the best one we’ve seen in a long while. If you’re in the market for this card, get the card now—we’re unlikely to see a better bonus any time soon.
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Preferred® Card sign-up bonus
bonus_miles_full
Business-as-usual welcome bonus. A larger bonus offer ended online on 6/13. You may be able to get a larger offer in-branch.
More about this card
Benefit highlights:
Premium travel insurance benefits.
Transfers to Ultimate Rewards® travel partners.
Extended warranty.
Purchase protection.
Rewards:
5x on travel purchased through Chase Travel℠.
3x on dining, including eligible takeout and delivery services.
3x on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
3x on select streaming services.
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Learn more:
Read our review of the Chase Sapphire Preferred.
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
A few notes on applying for Chase cards
- 5/24 rule. Chase generally won’t approve you if your credit report is showing 5 or more new credit card accounts opened in the last 24 months. This rule is knows as the 5/24 rule. If you’re unsure if you are “under 5/24” you should check your 5/24 status before applying for a Chase card. Note that recently this rule seems to have softened, especially for Ink cards. See our coverage about Chase 5/24 for more.
- Only one Sapphire-branded card. You can only hold one Chase Sapphire-branded card at a time. This means you can have either a Chase Sapphire Preferred® Card or a Chase Sapphire Reserve®, but not both.
- You can get a welcome bonus on a Chase card, even if you’ve had the card previously. How often you can earn a welcome bonus on a Chase card varies by card family.
- Most cards allow you to earn a welcome bonus if it has been at least 24 months since your last received a welcome bonus on the same card.
- Chase Sapphire-branded cards, such as the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, you can only earn a welcome bonus once every 48 months. (We published a separate article to help you determine if you can get a Sapphire welcome bonus.)
- Marriott cards have their own special rules.
- Chase will match an increased bonus. If you apply for a Chase card and the bank offers a higher bonus within 90 days, you can send Chase a secure message or call them to have your welcome offer matched.
- In-branch offers are sometimes better. Chase sometimes has better credit card welcome offers in-branch than it will publish on its own website or through affiliate networks. Check all channels to make sure you’re getting the best bonus.
- Chase business cards do not report to personal credit reports and do not impact your 5/24 status as long as they are current.
Other ways to get Ultimate Rewards® points
Getting a new Chase Sapphire Preferred® Card isn’t the only way to earn Ultimate Rewards® points. Several other personal and small business cards earn Ultimate Rewards, and the Chase Ink-branded cards in particular offer incredibly generous welcome bonuses on cards with no annual fee. And Ultimate Rewards you earn on another card can be transferred to your Sapphire Preferred.
We continuously updated our list of the best Ultimate Rewards welcome bonuses. Bookmark that list of you want to earn Ultimate Rewards points.
Frequently asked questions
Is the Chase Sapphire Preferred® 85k bonus still available?
As of publication, the in-branch 85k offer is no longer available. This ended sometime in mid-June 2024. As of June 26, 2024, the current Chase Sapphire Preferred® in-branch offer is the same as the online offer, but adds an additional 10,000 points after a total of $6,000 of spending within 6 months.
Can I transfer points to airlines with the Sapphire Preferred?
Yes. If you have the Chase Sapphire Preferred card, you can transfer points. Points can be transferred to any one of Chase’s airline or hotel transfer partners.
What is the most valuable use of Ultimate Rewards points?
You can get the most value out of your Ultimate Rewards points by using a premium credit card to redeem for travel at elevated value, or transfer to an airline or hotel partner. Not every transfer partner offers great value, so be sure that you’re redeeming for more value than you could get by booking travel directly.
Can I transfer the Ultimate Rewards points I earn with a Chase Freedom Card to airlines?
If you hold a premium Ultimate Rewards card like the Chase Sapphire Preferred, Chase Sapphire Reserve, or the Ink Business Premier, you can! Just transfer the Ultimate Rewards you earn on the Freedom card to your premium card and then transfer those points to airline or hotel partners.
Do I have to go into a branch to get the extra 10,000 Ultimate Rewards points offer?
Yes. The in-branch offer of 10,000 additional Ultimate Rewards points requires an in-person visit to a Chase branch bank.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
