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Chase has the biggest-ever public offer for the Chase Sapphire Preferred® Card: 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
In addition to letting me know that November 1, 2020 – April 30, 2021 the card will earn 2 points per dollar on grocery store purchases (in addition to other benefits), Chase shared that the 80,000 point initial bonus offer ends November 8, 2020.
The previous offer of 60,000 points was the best public offer ever for the card. They’ve increased it by one third – 20,000 more points – and haven’t even increased the spending requirement. This is huge for the $95 annual fee card.
- Earning: Double points on travel and dining at restaurants; 5X points on Lyft rides through March 2022.
- 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 (currently, grocery, dining, and home improvement).
- 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).
- Also right now: Earn triple points on Instacart, plus $50 in statement credits towards yearly or monthly Instacart Express membership; triple points on gas; and 5 points per dollar on some streaming services.
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 the card 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.