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75,000 Points Welcome Rewards for Sapphire Preferred and Reserve Cards (Offer Ended)

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updated: June 13, 2024

This offer is no longer available.

Two of the most popular travel rewards credit cards, Chase Sapphire Preferred® and Chase Sapphire Reserve®, just bumped their welcome bonus from 60,000 to 75,000 points. This makes the bonus worth $750 in cold cash—even more if you redeem the points for travel. For example, depending on which card you choose, you can get up to $2,000 worth of air travel on Iberia Airlines, enough for two round-trip flights from New York to Madrid, Spain.

Offer ending June 13, 2024, 7 AM EST!

New cardholders applying here will receive 75,000 Chase Ultimate Rewards points after spending $4,000 on purchases within the first three months on your newly opened Chase Sapphire Preferred® or Chase Sapphire Reserve® credit cards. This is a 15,000-point increase from Chase’s previous welcome bonus offer. This offer ends on June 13, 2024 at 7 AM EST. Don't miss it!

What they’re worth

The value of this reward varies depending on how you use it. If you want Chase to cut you a check, your bonus points are worth $0.01 each, for a total of $750. Choose to redeem your points for travel and the amount jumps to $900 with the Chase Sapphire Preferred card, while it hits $1,125 if you go for the Chase Sapphire Reserve.

Loyalty programs offer even more value

Chase’s 14 loyalty program partners, including 11 airlines and three hotel chains, can increase the value of your bonus points even more. For example:

  • Transfer your 75,000 bonus points to Hyatt for an astounding 2.3 cents per point, good for $1,725 worth of luxury hotel accommodations.
  • Cash those points in with Southwest for 1.5 cents each for $1,125 in flights, which is enough to fly you and a travel companion from Cincinnati to Los Angeles and back.
  • If you prefer gift cards or merchandise, both are available using your Chase Ultimate Rewards points.

More value after the bonus

Both the Chase Sapphire Preferred® and Chase Sapphire Reserve® are travel-friendly credit cards. If you spend at least a moderate amount of time flying, in a hotel, or driving a rental car, your Chase Sapphire card can pay off.

Chase Sapphire Preferred®

  • Includes up to a $50 annual statement credit for reimbursement of prepaid hotels booked through Chase Travel.
  • Offers 10% in bonus points each year on your card-activation anniversary.
  • Increases point value by 25% when you book through Chase Travel.
  • Offers up to 5x reward points depending on the type of purchase.
  • Includes excellent travel insurance.

Chase Sapphire Reserve®

  • Features up to $300 in annual statement credits.
  • Bumps point value up by 50% for travel booked through Chase Travel.
  • Includes access to more than 1,300 airport lounges worldwide.
  • Offers up to $100 in statement credits to offset the cost of a five-year membership to Global Entry, TSA PreCheck, or NEXUS.
  • Offers up to 10x rewards, depending on purchase type.
  • Includes top-tier travel insurance.

Both cards also include benefits from DoorDash, Instacart, and Peloton.

How to qualify for the cards

First, you won’t be approved for either of these cards if you:

  • Currently hold either Sapphire card.
  • Have earned a Sapphire bonus in the past 48 months.

Beyond that you will need good to excellent credit, depending on the card, to be approved.

Mind the terms and conditions

These cards are not free; they both have annual membership fees that can’t be waived. That said, if you use your card enough, the welcome bonus and annual perks could more than make up for the $95 annual membership fee for the Sapphire Preferred® card and the $550 fee for Sapphire Reserve®.

With interest rates ranging from 21.49% to 29.49%, neither card provides much value if you maintain a balance. Make sure you are in a position to pay off your balance monthly before you apply.

TIME Stamp: An excellent bonus deal—if you qualify

As our reviews indicate, if your credit is good to excellent and you can pay off your balance every month, the Chase Sapphire Preferred and Chase Sapphire Reserve rewards credit cards offer an unusually attractive welcome bonus and an ongoing rewards program that merits a second look.

As with most welcome bonus offers, this one is for new customers only. People who currently hold a Sapphire card—or have received a bonus in the past four years—are not eligible. As with all credit cards, read the fine print and note any and all restrictions that might apply to you.

The information presented here is created independently from the TIME editorial staff. To learn more, see our About page.

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