Biggest Offer Ever For Chase Sapphire Preferred May Be Deal Of The Year

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Chase has the biggest-ever public offer for the Chase Sapphire Preferred® Card: earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.

Last year Chase offered 80,000 points as an initial bonus offer and it was the biggest public offer they’ve ever had for the product since it first launched. Now they’ve brought back the 80,000 point offer – probably the best deal of the year on its own – and added a $50 statement credit as well. The biggest deal now puts money in your pocket, too.

What’s more, increasing the bonus to 80,000 points doesn’t even come with a bigger spending requirement. Most readers can do $4000 spend within 3 months on a card ($1,333.33 per month) even without prepaying bills and the like.

  • Earning: Double points on travel and dining at restaurants
  • Transfer points to airlines and hotels: points transfer to United, Hyatt, Southwest, British Airways, Virgin Atlantic, Singapore Airlines, Air France KLM, JetBlue, Aer Lingus, Iberia, Emirates, Marriott, IHG Rewards Club.
  • Or use them for statement credits: The new Pay Yourself Back tool lets you redeem points at 1.25 cents apiece in value against eligible card charges in rotating categories (or as always against paid travel booked through Chase’s portal at 1.25 cents apiece).
  • Food delivery benefit: Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DoorDash’s DashPass (activate by December 31, 2021).

That’s on top of standard benefits like no foreign transaction fees and primary car rental collision. And your Chase Sapphire Preferred® Card can be a ‘Chase Hub’.

If you have a Sapphire Preferred then consider also a no annual fee Chase Freedom Unlimited® which earns at least 1.5x on everything. While that card’s points do not transfer directly to airline or hotel programs, you can combine them into a Sapphire Preferred account, and from there to participating airline or hotel loyalty programs. This way you’ll never have to earn less than 1.5 points per dollar on spending again.

You’re not not eligible for this $95 annual fee card’s bonus if you’ve gotten a bonus for this card or for the Chase Sapphire Reserve card in the past 48 months, and Chase’s 5/24 applies which means to be approved you generally need to have opened fewer than 5 new card accounts in the past 24 months.

Chase Sapphire Preferred® Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of advertisers Citibank, Chase, American Express, Barclays, Capital One or any other advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. Sweet deal. I currently hold a Chase Sapphire Preferred, opened 10 years ago, and a Chase Freedom Unlimited, opened 3 years ago. I haven’t opened or closed any cards since then. Is there a good strategy of product-changing I could deploy and become eligible for this bonus with minimal impact to my credit history, as I may apply for a mortgage within the next few years? Gracias!

  2. Would I be eligible to get this Preferred offer if I currently hold a Reserve card? Got the Reserve when it first launched many years ago.

  3. I didn’t see it mentioned above that the first years annual fee is waived if you apply in branch. Did this yesterday with my private banker. Cancelled the reserve card in the fall after having it 4 years. Glad I waited to apply. So much easier to meet this minimum spend than the Inks 15k.

  4. Wasn’t the standard offer 60k with NO annual fee first year?
    So not you pay them $95 and get $50 of your own money back?
    Looks like a price increase to me. You actually really buying the additional 20k in points for $45.
    Too bad the points continue to devalue.

  5. @Christine Yea I heard if you go into the branch you can get the AF waived during the first year.

  6. @Sean Husband applied March 11, card received March 22 when new offer was live. Call Chase before activating card, asking to be matched. No dice. Sent secure message later that night. Declined again. Been 35+ years customers of Chase.
    Only good think is that I did get 15K for the referral.

  7. I have a question. I’ve had the Reserve card for several years. I was able to get the Chase Fairmont card several years ago and got a short but great value out of it. When they closed that down they moved me to Chase Sapphire Preferred card. A year later I upgraded that to the Chase Sapphire Reserve card. I never received any bonus points for enrolling in either of the cards since they were product changes and I was way over 5/24. I really like the Reserve card and would hate to lose it.
    But, I’m considering closing it and then applying for the Preferred card for the bonus points. I am well under 5/24 now. Any idea what the risks of being turned down might be? Would I then be able to product change to the Reserve card again after 1 year? Any feedback appreciated.

  8. As a Sapphire Reserve owner, I guess I’m out….
    80,000 Points Bonus
    The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.

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