Last Call: The 80,000-Point Chase Sapphire Preferred Welcome Offer Is Ending Soon. Here’s How to Get It

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There are only a few days left to score the Chase Sapphire Preferred® Card’s 80,000-point bonus — one of the best welcome offers available today. 

Chase’s current limited time welcome offer will end at 6 p.m. on May 31, 2022, NextAdvisor has confirmed with the issuer’s marketing team. Until then, new Sapphire Preferred cardholders can get 80,000 bonus points after spending $4,000 within the first three months of account opening. That’s worth $1,000 when you redeem your points for travel through Chase Ultimate Rewards.

If you’re planning a summer vacation and looking for a travel card to boost your savings, there’s still time to take advantage of the offer. It’s unclear what the new Sapphire Preferred welcome offer will be, but like we saw after last year’s massive 100k bonus, it may revert to the card’s standard 60,000 bonus points with the same spending threshold.  

Here’s what you need to know about the Chase Sapphire Preferred welcome offer and how to maximize bonus points with this card: 

Chase Sapphire Preferred® Card
Learn More externa link icon
Chase Sapphire Preferred® Card
Editor’s Score: (4.5/5)
Apply Now externa link icon At Chase’s secure site.
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 score:
    670-850 (Good to Excellent)
Rewards rate:

5x on travel purchased through Chase Ultimate Rewards®. 3x on dining. 2x on all other travel purchases, plus more.

NextAdvisor’s Take

Pros
  • Generous welcome offer
  • Tiered bonus points categories
  • 25% points boost when you redeem for travel through Chase Ultimate Rewards
  • 1:1 point transfer at airline and hotel partners
  • No foreign transaction fee
Cons
  • $95 annual fee
  • High APR
  • Need to spend within bonus categories to maximize rewards
  • Other cards have similar bonus categories with higher rewards rates
The Bottom Line
The Chase Sapphire Preferred is a tiered, points-earning rewards card geared toward frequent fliers. Its most valuable assets include a solid welcome bonus, premium points redemption options and access to Chase’s Pay Yourself Back program.

Additional Card Details

  • 25% redemption boost on points redeemed for travel through Chase Ultimate Rewards or eligible statement credits via Pay Yourself Back
  • Get 10% value of annual purchases back in points every account anniversary
  • $50 in annual hotel credits toward hotel stays booked through Chase
  • Primary auto rental collision damage waiver
  • Travel protections
  • Purchase protections

How to Use the 80,000-Point Welcome Offer

“The Chase Sapphire Preferred is one of the best travel cards on the market anyway, but this new 80,000-point sign-up bonus makes it even more attractive,” says Benet Wilson, senior credit cards editor at The Points Guy (which is owned by Red Ventures, like NextAdvisor). 

The new 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.

Editorial Independence

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

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 Airbnb purchases (through June 30, 2022) or 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. And, you’ll get partner benefits including 5X points on Peloton Bike and Tread purchases (up to 25,000 total points by June 30, 2022).