Chase Sapphire Preferred: $500 towards Travel

Chase Sapphire Preferred ImageThe Chase Sapphire Preferred® Card is a rewards credit card offering new cardholders 40,000 bonus points after you spend $3,000 in purchases within the first 3 months. 40,000 points can be redeemed for $500 in travel when you redeem through Chase Ultimate Rewards™ since they offer a 25% boost towards airfare and hotels. Earn 5,000 additional bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening. No annual fee for the first year, $95 in future years. Additional details here.

New: Earn 2 points per dollar spent on dining & 1 point per dollar spent on all other purchases.

(This card is the “big brother” of the regular Chase Sapphire® card, where you can get 10,000 points after you spend $500 in purchases within the first 3 months, and an additional 2,500 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening. There is no annual fee in the first year or subsequent years.)

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Comments

  1. fyi, ive been getting deals in the mail for this card (the non-preferred one with no annual fee) offering 25,000 points after your first purchase. so if you are thinking about this card, you might want to see if you get anything in the mail first…

  2. I also just received a mailing for a chase freedom card with $200 cash back after my first purchase. You don’t get the dedicated service line, but the rewards with the freedom card is slightly better with rotating 5% categories. If I wasn’t trying to milk my miles cards for everything they’re worth before I cancel them (to avoid the annual fee), I’d jump all over this

  3. Newlyfrugal says:

    I like Chase because I can redeem 2000 points for $20, direct deposited into my Chase checking or savings account. I go online, redeem, and the amount shows up in my bank account in one to two business days.

    I have both Chase Freedom and Sapphire and have earned hundreds in cashback rebates from both cards.

    My Freedom is tied to my Chase checking account for “exclusive benefits.” This means that I get not only 5% cashback on rotating categories, but I also receive 10 bonus points per transaction (even if it’s only 50 cents) and 10% of my cashback rewards.

  4. In the offer details it says:

    “This one-time bonus offer is valid for first-time cardmembers with new accounts. Previous and existing cardmembers/accounts are not eligible for this bonus offer.”

    Does this mean anyone with a Chase Credit Card or just people who already have a Sapphire Card?

    I currently have the Chase Freedom card.

    Thanks in advance for any reply.

  5. @Donnie – I believe that refers to any form of Sapphire card, because I’ve had several Chase cards before (including more than one Freedom) and still got this bonus from Sapphire.

  6. Newlyfrugal says:

    @Donnie, even though you have Chase Freedom, you are still eligible for the deal on Chase Sapphire. They are two different cards.

    If you want to double the bonus ($300), apply for one in your name and one in your significant other’s name. You can be authorized user on each other’s cards.

  7. I got my $150 reward for spending the required amount without a problem. However, I’m not seeing much benefit to continuing to use this card compared to my other 1% reward card options. Anyone have thoughts why they’d continue using this?

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