The best Chase Sapphire Preferred promotion is the initial bonus of 80,000 points for spending $4,000 within the first 3 months after opening the account. Each point is worth 1.25 cents toward travel or 1 cent in cash back.
There’s also an offer for cardholders to get 15,000 points for every friend they refer for the card who gets approved, up to 75,000 points per year.
Other Chase Sapphire Preferred perks
There are no Chase Sapphire Preferred promotions for introductory APRs. But the card has a number of other great features to take advantage of. For example, Chase Sapphire Preferred offers 1 - 5 points per $1 spent on purchases.
The card also has a $0 foreign transaction fee, which makes it great for use abroad. And cardholders can get access to exclusive experiences like VIP concert tickets and front-row seats at sporting events.
To get the Chase Sapphire Preferred credit card sign-up bonus, new cardholders must spend $4,000 within the first 3 months of opening an account. The Chase Sapphire Preferred credit card bonus is 80,000 points.
Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Chase Sapphire Preferred credit card, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.… read full answer
In addition to the sign-up bonus, the Chase Sapphire Preferred credit card offers 1 - 5 points per $1 on purchases. Its annual fee is $95, and you need good credit to get approved.
Yes, you can get a Chase Sapphire bonus twice, but only after a long waiting period. If you get the bonus of 50,000 points from the Chase Sapphire Reserve card, you cannot get another initial bonus from any Sapphire card for the next 48 months. The same applies if you get the bonus of 80,000 points from the Chase Sapphire Preferred card. This policy is to prevent people from abusing the system to get bonuses over and over again.… read full answer
If you’re debating which Chase Sapphire bonus to go after first, please note that points are worth 1.5 cents each toward travel with Chase Sapphire Reserve but 1.25 cents each with Sapphire Preferred. However, at the same time, Reserve’s annual fee is $550 while Preferred’s fee is $95. So if you’re a big spender who wants to get the best value toward travel, go with Reserve. If you’re more concerned with minimizing your yearly costs, go with Preferred.
Chase Sapphire Preferred is worth its $95 annual fee, as long as you spend at least $1,334 per month. That will enable you to qualify for the card’s initial rewards bonus, which will cover the cost of many years’ annual fees.
You get 80,000 points when you spend $4,000 during the first 3 months after you open your account. That’s a value of $1,000 when you redeem for travel through Chase Ultimate Rewards. (Points are worth 1 cent each, plus Chase Ultimate Rewards gives you an extra 25% redemption value.) The bonus alone will pay for 10+ years’ of membership dues.… read full answer
The third type of bonus you can get is from referrals. You earn 15,000 points for every person who signs up for Chase Sapphire Preferred using your referral link, with a limit of 75,000 points per year. That means you can earn an extra $188-$938 in travel every year, more than enough to offset the annual fee. You can’t forget about the everyday rewards you’ll earn on purchases, either.
Plus, Chase Sapphire Preferred has more benefits than just reward points. There are no blackout dates or other travel restrictions. And you’ll get a number of other free perks like travel insurance, roadside assistance, and purchase protection. All of these things enhance the value of this card even more.
Therefore, while Chase Sapphire Preferred’s annual fee certainly is above average, the rest of the offer is, too. So as long as you have excellent credit and spend enough to qualify for the initial bonus, Chase Sapphire Preferred is well worth the price.
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