Earn up to $1,000 with these hot new Chase welcome offers
Both Chase Sapphire cards now offer an astounding welcome offer value for a limited time.
Chase has just boosted the welcome offer of the Chase Sapphire Reserve and Chase Sapphire Preferred by 10,000 points and 20,000 points, respectively. You can now earn 80,000 points with the Chase Sapphire Preferred or 60,000 points with the Chase Sapphire Reserve after you spend $4,000 within your first three months of account opening. The Chase Sapphire Preferred also earns a $50 statement credit on grocery purchases. It’s not known how long these offers will last, though it’s safe to say they won’t be around long.
How much are these offers worth?
The Chase Sapphire cards have always offered strong signup bonuses but weren’t the most valuable welcome offers available. Cards like the Amex Platinum Card or travel options like the Delta SkyMiles Platinum American Express Card typically hold the top spot when it comes to pure offer value. This new welcome offer increase, however, shoots both cards up the rankings, with the Sapphire Preferred receiving an especially stark increase. Now you can expect an average value of up to $900 with the Chase Sapphire Reserve and a whopping $1,000 with the Chase Sapphire Preferred.
Previous welcome offer rankings
| Credit card | Bonus points | Estimated value |
|---|---|---|
| The Platinum Card from American Express | 75,000 | $4,500 |
| Aer Lingus Visa Signature Credit Card | 50,000 | $1,500 |
| Iberia Visa Signature card | 50,000 | $1,500 |
| Delta SkyMiles Platinum American Express Card | 90,000 | $1,080 |
| Marriott Bonvoy Brilliant American Express Card | 125,000 | $1,075 |
| IHG Rewards Club Premier Credit Card | 140,000 | $980 |
| United Club Infinite Card | 75,000 | $975 |
| Delta SkyMiles Reserve American Express Card | 80,000 | $960 |
| Hilton Honors Aspire Card | 150,000 | $900 |
New welcome offer rankings
| Credit card | Bonus points | Estimated value |
|---|---|---|
| The Platinum Card from American Express | 75,000 | $4,500 |
| Aer Lingus Visa Signature Credit Card | 50,000 | $1,500 |
| Iberia Visa Signature card | 50,000 | $1,500 |
| Delta SkyMiles Platinum American Express Card | 90,000 | $1,080 |
| Marriott Bonvoy Brilliant American Express Card | 125,000 | $1,075 |
| Chase Sapphire Preferred | 80,000 | $1,000 |
| IHG Rewards Club Premier Credit Card | 140,000 | $980 |
| United Club Infinite Card | 75,000 | $975 |
| Delta SkyMiles Reserve American Express Card | 80,000 | $960 |
| Chase Sapphire Reserve | 60,000 | $900 |
| Hilton Honors Aspire Card | 150,000 | $900 |
These are both terrific welcome offer values, especially for the low $95 annual fee required for the Chase Sapphire Preferred.
What these new welcome offers say about the economy
Chase has been quick on the draw when it comes to card changes throughout 2020, so it’s hard to imagine these new offers will stick around long (the Chase Sapphire Preferred has received multiple changes to its welcome offer within the last few months alone).
Launching these at the start of the year also suggests that Chase is confident travel will pick up before long in the US. Given the overall value of each card within the Chase ecosystem, now is a great time to apply if you want to add Chase Ultimate Rewards to your credit card arsenal.
Image: supplied
