I receive compensation for content and many links on this blog. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same). Terms apply to the offers and benefits listed on this page.
Chase has increased the initial offer for the Chase Sapphire Preferred® Card to 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This is one of the best card deals I’ve ever seen.
The Sapphire Preferred card was probably the first card I was really excited to use, not just get approved for and earn a bonus with. Sure I used to use the Starwood Amex for my unbonused spend. But when this bad boy first came in the mail a decade ago I was excited to pull it out at a restaurant for the first time and earn double points. I started racking up points more quickly, since I was earning two points per dollar on all travel and dining – the categories I spent the most on. And these were points that could transfer to different airlines and hotels.
I didn’t have Sapphire Preferred anymore. Plenty of cards now earn 3 or 4 points per dollar in key categories. But in order to make the most of Chase points you need an annual fee Ultimate Rewards card, because that lets you transfer points into airline miles. You can’t do that with the no annual fee card. No Chase Ultimate Rewards card with an annual fee has a lower one than Chase Sapphire Preferred® Card‘s $95.
I have other Chase cards, and other Ultimate Rewards cards (including a small business card) but didn’t currently have a Sapphire card. So when Chase came out with a 100,000 point bonus for this one I was all over it. The last time I’d earned a bonus for a Sapphire card was a little over four years ago when the Reserve card came out and offered 100,000 points.
So I applied for this one. I laid off of new personal cards during the pandemic and was below 5/24. I was not automatically approved. I did not call in. I just waited, and after two or three days I noticed an account added to my online profile that I hadn’t seen before. It was a Sapphire Preferred – approved!
Then a couple of days after that I received an email telling me I could use the card before receiving a physical version of it in the mail.
I’m excited because I met the $4000 spend ‘within 3 months’ requirement to earn the bonus in my first month with the card.
Chase figured out how to get me to take the card and I felt nostalgic for the first ‘heavy metal’ card I ever had, and for the first card that didn’t print its numbers on front (or have raised numbers at all).
From the card’s earning, to its redemption options, to its look and feel, Chase Sapphire Preferred® Card was at the vanguard of ushering in a new era for rewards cards. And when they first introduced primary car rental collision coverage, it let me drop my Diners Club card – the only other card that felt as special when I first got it, what feels like a million years ago.
If Chase wants to give me points worth a minimum of $1250, and the opportunity to relive a pivotal moment in frequent flyer rewards evolution, who am I to say no to that?
CitiBusiness® / AAdvantage® Platinum Select® Mastercard® Earn 65,000 AAdvantage miles.