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Chase has increased the initial offer for the Chase Sapphire Preferred® Card to 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This is clearly one of the best card deals out there right now. The offer at this link will be removed by the end of the day on 6/1/2022.
There was once a higher public offer, it was during the pandemic, and we haven’t seen it since. This is one of the biggest ever offers for the card there has been. And 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 triple on dining at restaurants
- Transfer points to airlines and hotels: points transfer to United, Hyatt, Air Canada, 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 against paid travel booked through Chase’s portal at 1.25 cents apiece).
That’s on top of standard benefits like no foreign transaction fees and primary car rental collision, trip cancellation/interruption, lost luggage coverage and more. 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.