80k Chase Sapphire Preferred Welcome Bonus Offer Ending Soon
Chase Sapphire Preferred Visa Card

80k Chase Sapphire Preferred Welcome Bonus Offer Ending Soon

“Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.”

Those who have been considering adding the Chase Sapphire Preferred to their rewards credit card portfolio may want to act soon as an enhanced welcome bonus offer is coming to an end. While Chase has not revealed exactly when the current offer will expire, the bank has announced that it will be “soon” — leaving prospective cardholders little time to claim the offer valued at up to $1,000 in travel.

Currently, new Chase Sapphire Preferred cardholders can earn 80,000 bonus Ultimate Rewards points after they spend $4,000 in purchases on the card during their first three months. Since the Sapphire Preferred enables customers to redeem these rewards points for 1.25¢ each when booking travel on the Chase Ultimate Rewards portal, this offer could be even more valuable. For comparison, the card’s “standard” offer is 60,000 bonus points, meaning that this current deal amounts to 33% more points and up to $250 more in value.

Looking outside of the lucrative bonus, the Chase Sapphire Preferred has a lot to offer while carrying a modest annual fee. With the card, customers can earn 3 points per dollar spent on dining purchases, 3x points on select streaming service purchases, and 3x points on online grocery purchases. Plus, the Preferred earns 5x points on travel bookings made via Chase’s portal as well as 2x points on other travel purchases. All other purchases earn 1x points.

Discover the Best Travel Rewards Credit Cards

Check out all of the benefits of each card and apply in minutes. Click the button below to get started.
Best Travel Rewards Cards

The card does come at a cost of $95 annually, which (unlike some cards) is not waived for the first year. However, that fee is partially offset by some other benefits. For example, each year that cardholders renew, they can earn up to $50 in statement credits for hotel stays purchased through Chase’s travel portal. Additionally, the Sapphire Preferred features an anniversary points boost, allowing cardholders to earn bonus points equal to 10% of their total purchases made the previous year. So, those who spend $10,000 in purchases on the card in a year would earn 1,000 bonus points upon their renewal.

As mentioned, the Chase Sapphire Preferred also gives cardholders 25% more value when they redeem points for travel using the Chase portal. However, customers also have the option to redeem points for statement credits, transfer them to more than a dozen travel partners, use them to purchase gift cards, and more.

For years, the Chase Sapphire Preferred has been regarded as one of the best travel cards for starters. That’s because it not only features rewards in some key categories but also because of the enhanced redemption rate when redeeming for travel via Chase. Plus, with an annual fee of just $95, the investment is far lower than other premium cards, such as the American Express Platinum card or the Chase Sapphire Reserve. With that in mind, while the current 80k welcome bonus offer isn’t a historical high, it is still quite strong and amounts to a good deal for new cardholders. So, if you’ve been considering the Chase Sapphire Preferred, now may be the time to add it to your wallet before this deal disappears.

Fioney has partnered with CardRatings for our coverage of credit card products. Fioney.com and CardRatings may receive a commission from card issuers.” (Note: advertising relationships do not have any influence on editorial content. Advertising compensation allows Fioney.com to provide quality content for free. All editorial opinions are those of the individual author and/or Fioney staff.)

Author

Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

2 Qatar Airways Privilege Club Credit Cards

Cardless Launches Two Qatar Airways Co-Branded Credit Cards

The FinTech startup Cardless is partnering with Qatar Airways to offer two new co-branded cards to the American market. About the cards: Recently, Cardless introduced its two latest rewards credit cards: The Qatar Airways Privilege Club Signature Card and the Qatar Airways Privilege Club Infinite Card. Starting with the Signature card, it earns 4x Avios on Qatar Airways purchases plus 2x Avios on dining purchases, and 1x Avios on all...
Yendo logo and credit card

Vehicle-Secured Credit Card Company Yendo Raises $165 Million

A FinTech that offers the first-ever credit card secured by a customer's vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while the strategic investors that participated in the equity round were not disclosed. Yendo previously raised...
woman holding her hands to her temple thinking

Lessons From a First-Time Home Buyer: Worst Time to Buy a House? There Are Always Exceptions

If you've been thinking about buying a house, looking at the news lately has likely disheartened you. As CNN reports, a recent Gallup poll found that 76% of Americans believe it's a bad time to buy — with only 21% saying it's a good time. There are several reasons for that sentiment, with the top two being the combination of high interest rates and high home prices. So, are you...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...