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When the huge 80,000 point offer (after $4000 spend within 3 months of account opening) was introduced for the Chase Sapphire Preferred® Card referrals still generated a lower initial bonus offer. That’s been updated. Along with that comes an end date of November 7 for the referral offer.
Chase hasn’t announced when the 80,000 point offer will end, just that the referral offer with an 80,000 point initial bonus will end November 7. However if you’re considering getting the Chase Sapphire Preferred® Card I’d jump on it now.
In addition to earning 80,000 bonus points up front, this $95 annual fee card offers:
- 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 or Chase Freedom FlexSM which lets you earn 5% cash back on up to $1500 in eligible combined purchases in rotating categories, along with 5% on travel purchased through Chase and 3% on dining at restaurants and drugstores.
While those cards’ 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, to really supercharge your earning. There are a lot of people who will regret not taking advantage of the offer once it ends.