TwuToday

Business_news The Chase Sapphire Preferred is offering an 80,000-point sign-up bonus, and you shouldn’t wait to apply

Business_news


Back to Top
A white circle with a black border surrounding a chevron pointing up. It indicates ‘click here to go back to the top of the page.’



Crystal Cox


Business Insider recommends credit cards based on their overall value and ease of use. Sometimes, we receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our choices are always independent and objective.

  • TheChase Sapphire Preferred® Cardjust launched a new sign-up bonus that can get you 20,000 more points than usual.
  • New cardholders can earn 80,000 Ultimate Rewards points after they spend $4,000 in the first three months of account opening.
  • We don’t know how long this offer will be available, so don’t wait to apply.
  • You can use the points from this offer to cover dining, grocery-store, home-improvement, and select charity purchases — or, you can save them to book travel later.
  • See business Insider’s review of the Chase Sapphire Preferred »

The coronavirus pandemic has thrown a wrench in many people’s travel plans, making popular rewards cards like theChase Sapphire Preferred® Card feel a tad less relevant. But credit card companies haveadjusted their benefitsto reflect this new normal, with expanded options for using your points and miles closer to home. 

Chase introduced one of the best new options for redeeming your points:Pay Yourself Back, which lets you cover grocery, dining, home-improvement, and select charity purchases with points from theChase Sapphire Preferred® Card orChase Sapphire Reserve®. You even get a 25% to 50% bonus that boosts your points’ value. 

Now there’s more good news for anyone who wants to save money withChase points: The Chase Sapphire Preferred card is offering its highest-ever sign-up bonus, which is worth up to $1,000. It’s only available for a limited time, so you shouldn’t wait to apply if you’re interested.

Regular APR

15.99%-22.99% Variable


Chevron icon
It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Details
  • Pros & Cons

    • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
    • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
    • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
    • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
    • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
    Pros
    • High sign-up bonus starts you off with lots of points
    • Strong travel coverage
    Cons
    • Doesn’t offer a Global Entry/TSA PreCheck application fee credit or any other statement credit benefits


    Read Our Review

    Read Our Review
    A looong arrow, pointing right

    Business_news Earn 80,000 points with the Chase Sapphire Preferred

    The standard sign-up bonus for theChase Sapphire Preferred® Card is 60,000 points after you spend $4,000 in the first three months from account opening. Even at that level, the card earned a place on ourlist of the best credit card welcome bonuses, but now that you can earn an additional 20,000 points, it’s catapulted to the very top of that list.

    If you don’t have the Chase Sapphire Preferred yet — and you don’t have theChase Sapphire Reserve® either (you can’t hold more than one Chase Sapphire card) — you can earn 80,000Ultimate Rewards pointsafter you spend $4,000 in the first three months from account opening.

    Business_news 80,000 Chase points are worth up to $1,000

    With Chase’s newPay Yourself Back featureas well as with the Chase Ultimate Rewards travel-booking site, points from theChase Sapphire Preferred® Card are worth 1.25 cents apiece. That means this 80,000-point offer can get you as much as $1,000 in value toward travel or to cover purchases such as dining out and groceries. 

    You could also choose to save your points for a later date when you’re ready to travel. At that point, you could either cash in your Ultimate Rewards through Chase’s travel portal, or you could transfer them to Chase’s partners, which include British Airways, Hyatt, IHG, Marriott, Singapore Airlines, and United. If you go the transfer route, you could get even more than $1,000 in value from your points — especially if you’re redeeming for afirst-class flightthat would cost thousands of dollars in cash.

    Business_news This offer won’t be around forever

    This 80,000-point bonus is being marketed as a limited-time offer, so you shouldn’t assume it will be around next month. In fact, because we don’t know when this sign-up bonus will end, you should strongly consider applying now if you’re interested.

    Before you apply, make sure you’re eligible to open a new Chase card account.Chase has a rule called 5/24that prevents you from opening new Chase card accounts if you’ve opened five or more credit cards (from any bank) in the last 24 months. 

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

    Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.

    Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.


    Loading
    Something is loading.

    More:

    Personal Finance Insider
    Credit card news
    Chase
    Chase Sapphire Preferred


    Chevron icon
    It indicates an expandable section or menu, or sometimes previous / next navigation options.


    Read More