Earn Chase’s biggest signup bonus yet with the Chase Sapphire Preferred
Chase has once again increased the welcome offer of the Chase Sapphire Preferred. New cardholders can earn 100,000 bonus points after spending $4,000 within the first three months of account opening. This point bonus is worth up to $1,250 when redeemed with the Pay Yourself Back feature or through the Chase travel portal using the Chase Sapphire Preferred.
This is the fourth time the card’s bonus has changed in the last nine months. While the last signup value was sizable at 80,000 points, the new bonus is even bigger and one of the largest offers from Chase among any of its cards. In fact, it rests comfortably among the top five most valuable signup bonuses on the market right now.
|Date||Welcome offer and value|
|Baseline||60,000 points ($750)|
|9/15/20||80,000 points ($1,000)|
|11/8/20||60,000 points ($750)|
|3/23/21||80,000 points ($1,000)|
|6/4/21||100,000 points ($1,250)|
A bonus of $1,250 is a great value by any metric, but there’s even more opportunity for value with this bonus. Since the Chase Sapphire Preferred earns Chase Ultimate Reward points, you can transfer them to one of 10+ travel loyalty programs at a 1:1 ratio. On average, points transferred this way can double in value depending on how you spend them, putting the potential value of the Sapphire’s bonus closer to around $2,500.
Of course, you can also transfer your points to the Chase Sapphire Reserve. This allows you to redeem your points through the Chase travel portal at a 1.5 value instead of 1.25, roughly equivalent to $1,500 in value.
You’ll want to act fast
Given the Chase Sapphire Preferred’s penchant for quickly swapping between signup bonus offers, there’s no telling how long this huge bonus will last. As such, we recommend applying as soon as possible if you’ve been thinking of picking up the Chase Sapphire Preferred but have been on the fence until now.