What a week in Chase news – last week Chase unveiled the new Chase Freedom Flex as well as updated benefits on the Chase Freedom Unlimited.

And now this week, we get more good news from Chase – the best-ever bonus on the Chase Sapphire Preferred Card. You’ll earn a bonus of 80,000 Ultimate Rewards points after you spend $4,000 within the first three months of account opening.

These 80,000 Ultimate Rewards points are worth $1,000 towards travel when you redeem them in the Chase Travel Portal, but if you know how to use Chase’s transfer partners, you can extract even higher value from this bonus.

And even though 2020 has been a year of far reduced travel plans for many due to COVID-19, stocking up on a healthy stash of Ultimate Rewards points to use towards future travel plans is definitely a great move.

For years we’ve recommended the Chase Sapphire Preferred to anyone getting started in the world of points and miles, and this updated bonus makes it even more valuable if you’re just getting started, or have recently become eligible to open the card again. 

Chase Sapphire Preferred Card

60,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

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Earning

The Chase Sapphire Preferred earns:

  • 2x points on travel and dining
  • 1x on everything else

Eligibility

To qualify for the Chase Sapphire Preferred, you must meet the following conditions:

  • You can’t currently hold a Chase Sapphire card, whether it be the Chase Sapphire Reserve or the Chase Sapphire Preferred
  • You can’t have earned a bonus on a Chase Sapphire card within the last 48 months.
  • You must be under 5/24

Note: if you’re an authorized user on a spouse’s Sapphire Preferred, you are eligible to open the card and earn the bonus should the above conditions be met.

Annual Fee

The annual fee on the Chase Sapphire Preferred remains $95.

What to Do With 80,000 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.
  • Almost 3 nights at famous Park Hyatt’s in Sydney and Paris
  • Or of course $1,000 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.)

Bottom Line

Historically one of the best travel card time and time again on the market, the Chase Sapphire Preferred is even more attractive for eligible cardholders thanks to this elevated bonus of 80,000 Ultimate Rewards points. It would’ve been better if Chase had included some additional earning opportunities, either through higher category rates, or the addition of new categories, but being able to earn at least $1,000 of travel after $4,000 spend in the first three months is pretty incredible.

Anyone with an interest in points/miles and a desire to travel should strongly consider grabbing the Chase Sapphire Preferred Card right away.

Chase Sapphire Preferred Card

New to the world of points and miles? The Chase Sapphire Preferred is the best card to start with. With a bonus of 60,000 points after $4,000 spend in the first 3 months and 2x points on dining and travel, this card truly cannot be beat! 

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Editors Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.


Matt Brown

About the Author

Matt has been a lifelong aviation fanatic ever since he took his first flight on an airplane at just 6 weeks old. An avid traveler, Matt is always eager to go new places, and his mantra is that he can’t come home from a trip without another one booked to look forward to! His favorite destinations include Bermuda, Turks & Caicos and Australia. Matt has been writing for 10xTravel since the Fall of 2018, but...

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6 Responses to “Chase Sapphire Preferred Bonus Updated to 80,000 Points!”


Yeah nice points but my card gives me 2 points on everything I buy. Capital one venture card. I got 60k points with only 3k in three months. Same yearly fee but I can rack up more points since I get 2 on everything. I don’t like cards that limit me. Can’t see getting this one because I won’t use it after I get the points lol.

Complete newbie here. I recently got the Chase Sapphire Preferred card and have almost obtained the minimum spend requirement. With such a great bonus of 80,000 points would it be best to refer my husband for a card (in which case I would earn an additional 15,000 points), or to add him as an authorized user on my card? If he’s added as an AU, would he also be able to earn the bonus points?


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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