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.

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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

  • Spend $4,000 within your first 3 months of card membership to earn 60,000 bonus points — worth $750 when redeemed for travel via Chase Ultimate Rewards.
  • Earn 2x points on travel and dining at restaurants worldwide and 1x point 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.
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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
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
75,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
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
$150 cash back after spending $500 in the first 3 months
1.5% cash back on all purchases
$0
Earn unlimited 1.5% cash back on every purchase, every day.
$150 after spending $500 in the first 90 days
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. 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.

See offer

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