The Chase Sapphire Preferred Card Has a New 80,000-Point Bonus. Here Are 4 Other Great Cards If You Already Have a Sapphire Card

A photo to accompany a story about the Chase Sapphire Preferred card's sign-up bonus Prasert Krainukul/GettyImages
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The Chase Sapphire Preferred® Card has a new eye-catching welcome bonus that cuts close to last year’s limited-time 100,000-point welcome bonus offer. 

The card is now offering 80,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months. According to Chase, 80,000 bonus points are worth $1,000 toward travel when you redeem them through the Chase portal — short of last year’s bonus offer but still a lucrative deal.

That said, we like the Sapphire Preferred for more than just its welcome bonus. It’s a great travel credit card with high-value rewards on both travel and everyday spending. The card earns:

  • 5x points on all travel purchased through the Chase Ultimate Rewards portal
  • 3x points on dining (including eligible delivery services and takeout), select streaming services, and online grocery purchases
  • 2x points on travel not purchased through Chase
  • 1 point per dollar on everything else

Chase also extended its complimentary DoorDash DashPass membership (usually $9.99 per month) through December 2024, And you’ll get 5X points on Lyft rides through March 2025. 

You’ll also get a $50 annual credit on hotel stays when you book through the Chase travel portal, as well as a 10% annual points bonus on all of your yearly spending each account anniversary. 

The new bonus can add up to a free vacation — depending on your travel itinerary. While you can redeem your bonus points through the portal, you can also transfer them to partners such as United Airlines, Southwest Airlines and Hyatt Hotels.

The new 80,000-point welcome bonus can be a great value. Just remember, you shouldn’t spend more than you can afford just to hit the minimum spending requirement for any welcome bonus. No amount of points is worth going into debt or paying high fees. With any credit card, we recommend paying your bills on time and in full every month to maximize the value of any points earned. 

The Chase Sapphire Preferred has a $95 annual fee, and we still consider it our favorite travel card with an annual fee under $100.If you already have the Chase Sapphire Preferred, you won’t be able to take advantage of this year’s bonus. But you might be able to take advantage of another rewards credit card. Here are four other great credit cards that could be a good fit for you.

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Editor’s Score: (4.5/5)
  • Intro offer:
    80,000 points
  • Annual fee:
    $95
  • Regular APR:
    16.24% – 23.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
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Citi Premier® Card

Citi Premier® Card

Editor’s Score: (3.6/5)
  • Intro offer:
    60,000 points
  • Annual fee:
    $95
  • Regular APR:
    16.74% – 24.74% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Capital One Venture Rewards Credit Card

The Capital One Venture card is perhaps the biggest travel rewards competitor to the Sapphire Preferred. Like the Sapphire Preferred, the Capital One Venture has a $95 annual fee, but differs in terms of travel perks and earning rates.

The Venture card earns a flat rate of 2 miles per dollar on every purchase and offers up to a $100 credit toward your application fee for TSA PreCheck/Global Entry every four years. You can redeem your Capital One miles through the issuer’s travel portal or by transferring to partners like Choice Privileges and Air Canada Aeroplan.

The Venture Card’s current welcome offer is 75,000 miles after spending $4,000 on purchases in the first three months of account opening. According to Capital One, miles are worth 1 cent each, making this bonus worth $750 when redeemed for travel.

Citi Premier® Card

The Citi Premier card is another $95 annual fee travel rewards credit card. Its marquee perk is a $100 Annual Hotel Savings Benefit credit toward a single stay booked through Citi of $500 or more. It also earns 3 Citi ThankYou points per dollar at restaurants, supermarkets, gas stations, travel, and hotels, as well as 1 points per dollar on everything else.

Citi’s ThankYou rewards program isn’t as robust as Chase Ultimate Rewards, but you can redeem your ThankYou points for statement credits, gift cards, transferring to travel partners like Air France-KLM Flying Blue and Virgin Atlantic Flying Club, and more.

Right now, you can earn 60,000 bonus points after spending $4,000 within three months of account opening. That’s worth up to $600 in value when you redeem for gift cards or cash, but you’ll likely get the best value for travel redemptions, whether you book through Citi or transfer to partners. These values vary based on your specific travel plans, according to Citi.

American Express® Green Card

The Amex Green card is geared toward somewhat frequent travelers, and can help you save on both travel expenses and everyday purchases. It earns 3 Membership Rewards points per dollar at restaurants (including takeout or delivery), as well as 3 points per dollar on transit and travel, plus 1 point per dollar on all other purchases. The Amex Green also offers annual credits of up to $100 for CLEAR and LoungeBuddy membership.

You can earn 45,000 Membership Rewards points after you spend $2,000 in the first six months with the Amex Green card. These points can be worth $450 when redeemed toward travel, according to Amex’s calculations. It carries a $150 annual fee.

The Platinum Card® from American Express

The Amex Platinum recently raised its annual fee to a whopping $695 (see rates & fees) but its suite of perks can help frequent travelers offset the cost — and it’s offering one of the highest welcome offers out there. 

Right now, you can earn 100,000 bonus points if you spend $6,000 in the first six months of card membership. While this minimum spending requirement is slightly higher than the one we saw on the Preferred card, that’s still worth up to $1,000 when you redeem for travel through Amex. Just make sure the spending required aligns with your budget, and that you can justify the ongoing annual fee cost before you apply.

Unlike some other travel cards, the Platinum card’s rewards offer the most value on travel spending, which means very frequent travelers will most easily maximize points. It earns 5x Membership Rewards points on flights booked through American Express Travel or directly with airlines (on up to $500,000 spent per calendar year), and 5x points on prepaid hotels booked through American Express Travel, plus 1x on all other purchases.

Some of the card’s other notable perks include up to $200 annual airline fee credit, $200 hotel credit for prepaid bookings through the Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel, and up to $179 annual statement credit for a Clear membership.

For rates and fees of The Platinum Card from American Express, click here

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As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.