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

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

Updated

Fact checked
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.

Our pick for a signup bonus

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • 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 DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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See Rates & Fees
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
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% cash back at grocery stores on up to $12,000 in the first year, 5% on Lyft and 1.5% on all other purchases
$0
Earn a $200 signup bonus after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
This popular travel card's signup bonus is worth up to $750. Get even more value out of your travel, dining, and Lyft rewards by transferring them to miles.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
Costco Anywhere Visa® Card by Citi
N/A
4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases
$0
Earn valuable cash back on everyday purchases at gas stations, restaurants and Costco as well as eligible travel with no foreign fees.
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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.

Apply now

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