Editor’s note: Information is accurate as of the publish date. Some offers may no longer be available.
The Chase Sapphire Preferred® Card’s 80,000-point bonus expired in June, but it’s still one of our favorite rewards credit cards.
If you were approved for the card before the boosted welcome offer expired on June 1, 2022, you may still be working toward the 80,000-point bonus spending threshold ($4,000 within the first three months of account opening).
But if you missed the 80,000-point bonus, the Sapphire Preferred’s current 60,000-point offer with the same spending threshold is still lucrative and can help you save on travel. Here’s what you need to know about the Chase Sapphire Preferred welcome offer and how to maximize the card’s value — whether you’re working toward the 80,000 or 60,000 bonus point offer:
How to Use the 80,000-Point Welcome Offer
The 80,000-point bonus is worth up to $1,000 in travel, thanks to the Sapphire Preferred Card’s 25% points boost. When you redeem points for travel through Chase Ultimate Rewards, each point is worth 1.25 cents, instead of a standard 1 cent per point redemption value.
To make the most of the offer, make sure the minimum spend requirement is within your budget. You may want to time your application when you’re ready to book a trip or make a big upcoming purchase. That way, you can earn rewards on your spending as you work toward the bonus — all while staying within your budget.
For instance, if you’re planning to go on a summer vacation, you can use the Sapphire Preferred Card to pay for flights and hotels and earn 2X points per dollar (or 5X points if you book through Chase). At the same time, the cost will get you closer to the $4,000 requirement for the offer. Once you qualify for the bonus, you can save the points to redeem toward more travel in the future.
How to Maximize the Chase Sapphire Preferred Card
Even beyond its welcome offer, the Chase Sapphire Preferred is a standout travel credit card for its rewards and perks.
It doesn’t offer as many luxury travel perks or credit as its premium sister card, the Chase Sapphire Reserve, but the Sapphire Preferred only charges a $95 annual fee and can go a long way in helping you earn points on everyday purchases toward future travel.
Here’s a rundown of the Chase Sapphire Preferred Card rewards:
- 5X points on travel purchased through Chase Ultimate Rewards
- 3X points on dining (including eligible delivery and takeout)
- 3X points on select streaming services
- 3X points on online grocery purchases
- 2X points on all other travel purchases not booked with Chase
- 1X points on everything else
Chase’s rewards categories are also very broad, which can help you rack up more points over time. For example, the 2x travel category includes not only airline and hotel reservations, but public transportation, taxis, tolls, and parking.
When you’re ready to redeem your points, you’ll get the most value by redeeming them for travel through Chase Ultimate Rewards at the boosted 1.25 cents per point value or by transferring points 1:1 to one of Chase’s travel partners. The full list of partner programs includes:
- Aer Lingus AerClub
- British Airways Executive Club
- Emirates Skywards
- Air France/KLM Flying Blue
- Iberia Plus
- IHG Rewards Club
- JetBlue TrueBlue
- Marriott Bonvoy
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
- World of Hyatt
During the pandemic, Chase also introduced Pay Yourself Bank to give you more flexibility when redeeming points at the same boosted rate as travel (1.25 cents per point for Chase Sapphire Preferred). Currently, you can use Pay Yourself Back to redeem points toward select charities (through Dec. 31, 2022) with your Sapphire Preferred card. Other redemption options include cash, gift cards, and paying with points at checkout online.
Each account anniversary, you’ll get bonus points equal to 10% of your total purchases over the previous year. If you spend a total $50,000 over the year, for example, that’s an automatic additional 5,000 points in your account.
There’s also a $50 annual credit for hotel purchases through Chase Ultimate Rewards, travel and purchase protections including trip cancellation and rental car insurance.