Ends November 8: 80,000 Point Initial Offer For Chase Sapphire Preferred

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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.

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.

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Comments

  1. Can you transfer UR points between members of same household? If my wife signs up for this CSP can she send points to my CSR account or no?

  2. A few years ago I downgraded my CSP cc to a Freedom. IIRC, the Freedom remained technically a Sapphire cc but with a different point structure. Is that right? And if the Freedom replaced my CSP, do I stand a chance to be approved for this new offer?

  3. Like many others who signed up for the Sapphire Reserve 3.5 to 4.0 years ago, this offer almost begs them to close their CSR and apply for the Sapphire Preferred instead. Wonder if that is Chase’s intent, or if instead they’ll let this promo run for 2-3 months and then pare back the bonus on the Preferred to 60K points (or less) before CSR cardholders can migrate en masse.

  4. I have had Sapphire preferred for many years, so no bonus in last 48 and I am under 5/24.

    I just canceled my preferred card last week. Would I be eligible for this bonus if I reapplied now?

  5. Disappointed. I was approved for the CSP last week (after talking to the reconsideration dept) and just now received a letter from chase saying I’m not eligible for the 80,000 upgraded offer after requesting it two days ago.

  6. Count me in the ‘just missed it’ gang ..received the card last Friday, called CSP customer service yesterday and the very nice woman on the other end told me they have no control over changing the point amounts ‘point amounts are set by marketing and we have no idea when amounts change and are unable to adjust someone’s bonus points’. Convinced me enough that I didn’t ask to speak to a supervisor.

  7. How do I know if I will qualify for the bonus, does the application give warning that I am not eligible for bonus like Amex does ?

  8. To be clear, only the referral ends on Nov. 9. Unclear when the 80k deal would end if you just go directly to the website. Just no referral or affinity credit.

  9. I will finally be at 4/24 on Nov 12. But this means I have to wait until Dec 1 to get a Chase approval, correct?

  10. Jim
    I would like to apply but meeting that huge $4K spend req is impossible. Don’t want to stock up on bunch of visa or master gift cards and no way to drain them fast. Is plastic still working to pay mortgage or association fee with visa credit card?

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