Hi Travel Junkies,
Good news! Chase Sapphire Preferred has just upped its bonus to 60,000 points after $4,000 spend in the first 3 months.
The 60,000 points are worth $750 toward travel when you redeem through Chase Ultimate Rewards, with the potential to fetch even higher valuations when used with Chase’s many transfer partners.
The previous offer on this card was for 50,000 points, valued at $625 when redeemed to book travel through Chase, for the same minimum spending requirement. Making this new bonus worth a minimum of $125 more toward travel. There is no posted expiration date on this offer and everything we are hearing is that this is the “new normal” for Sapphire Preferred.
The Chase Sapphire Preferred has been our top ranked credit card for travelers for a very long time now and this offer makes it that much more appealing.
Annual Fee is Not Waived
One other important change to the offer is that the $95 annual fee is no longer waived for the first year. So new applicants will not have the ability to “test drive” the card for a year before paying a fee.
Nobody likes fees of course, but this offer still represents an upgrade over the previous one thanks to the higher signup bonus. You’re getting an additional $125 of value in exchange for the $95 fee. $125 > $95.
(I hear that this level of math competency plus $500,000 cash will get you in to college these days)
You could also redeem 9,500 Chase Ultimate Rewards points for a $95 statement credit to effectively “erase” the fee if you must. Just know that you are sacrificing value by doing so.
Note that this offer will still be subject to the 5/24 rule. Anyone who has opened more than 5 credit cards in the last 24 months will not be able to qualify for the Chase Sapphire Preferred.
What to Do With 60,000 Bonus Points
There are a TON of different ways to use Chase’s Ultimate Rewards points to turn travel dreams in to realities. Here is a quick article on what each member of the 10xT team would do with Chase Ultimate Rewards points.
Some quick ideas for you:
- Round-trip to Europe by transferring the points to United (30,000 miles each way at saver level)
- One or more round-trip flights to Hawaii by transferring the points to Southwest.
- 2 nights at the famous Park Hyatt Tokyo by transferring the points to Hyatt (I just did this myself)
- Or of course $750 toward any other type of travel that you so desire (flights home for the holidays, hotels for upcoming weddings, a rental car for your road trip, etc.)
Perhaps the best travel credit card on the market just got better thanks to this new offer of 60,000 bonus points after $4,000 spend in the first three months. Yes, the annual fee is no longer waived for the first year but this is still a better overall offer for the average consumer.
Anyone with an interest in points/miles and a desire to travel should strongly consider grabbing the Chase Sapphire Preferred right away.
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