Chase Sapphire Preferred® credit card gets an increased signup bonus
Chase Sapphire Preferred Card increases bonus250x250

Chase Sapphire Preferred® Card increases bonus to 60,000 points

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Chase has made a great card even better by upping the signup bonus on the Chase Sapphire Preferred® Card.

Starting March 19, 2019, new Chase Sapphire Preferred® Card cardholders can earn 60,000 bonus points when they spend $4,000 on purchases in the first 3 months from account opening.

However, there’s an annual fee caveat. Although the fee amount will remain the same, Chase will no longer waive your first year’s annual fee as they’ve done in the past.

Old valuesNew values
Annual fee$0 intro annual fee for the first year, then $95$95
Signup bonus50,000 when you spend $4,000 on purchases in the first 3 months from account opening60,000 when you spend $4,000 on purchases in the first 3 months from account opening

What can you get with this signup bonus?

As we’ve covered in our Chase Ultimate Rewards guides, the Chase Sapphire Preferred® Card earns a redemption bonus of 1.25 cents when you redeem through the Chase travel portal. That means this new signup bonus is worth up to $750 toward travel.

However, keep in mind you’re losing a bit of that value due to the $95 annual fee. If we value $95 at 9,500 points, then you might consider the true value of the welcome bonus around 50,500 points. That’s a 500 point bump from the old offer equal to about $631 on travel.

Is this card worth signing up for?

Yes. Even after the update to the welcome offer and changes to the annual fee, this is still the Chase Sapphire Preferred® Card you know and love. It’s a great card for earning points on travel and dining, and it plays an important role in getting the most out of your Chase Ultimate Reward points.

Pair this card with another Chase card — or two — to ramp up your Ultimate Rewards points and transfer them to one of Chase’s numerous travel partners.

Compare other rewards cards

Name Product Welcome Offer Rewards Annual Fee Filter values
$150 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
75,000 points after spending $1,000 in the first 3 months
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
$0
Earn 75,000 Hilton Honors™ Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
3% cash back bonus on up to $10,000 in the first 12 months, then 1.5%
3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases
$0
Earn 3% cash back on up to $10,000 in the first 12 months, then 1.5% on all purchases. See Rates and Fees.
$150 after spending $1,000 in the first 3 months
1.5% cash back on all purchases
$0
Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Rates & fees
60,000 points after spending $5,000 in your first 3 months
5x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases
$550
Get 5x Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5x points on eligible hotels booked on amextravel.com. Rates & fees

Compare up to 4 providers

Bottom line

While the signup bonus increase may not be a significant upgrade from the old one due to the annual fee, the Chase Sapphire Preferred® Card remains a valuable card if you plan on using the Chase Ultimate Rewards program.

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