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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
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The Chase Sapphire Preferred® Card is easily one of the most popular travel rewards cards available thanks to its bonus categories, benefits, welcome offer, and the fact that it earns Chase Ultimate Rewards points.
Like most credit cards, the welcome offer for the Chase Sapphire Preferred card can vary. So, if you’re hoping to get the biggest bonus possible, here are a few ways to help increase your chances.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
60,000 points
$1,200
$95
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)
The Chase Sapphire Preferred® card is one of the best travel rewards cardson the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.
Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
Pros
5x points on all travel booked via the Chase Ultimate Rewards portal
5x points on select Peloton purchases over $250 (through March 31, 2025)
5x points on Lyft purchases (through March 31, 2025)
3x points on dining purchases, online grocery purchases, and select streaming services
2x points on all other travel worldwide
$50 annual credit on hotel stays booked through the Chase Ultimate Rewards portal
6 months of complimentary Instacart+ (activate by July 31, 2024), plus up to $15 in statement credits each quarter through July 2024
Excellent travel and car rental insurance
10% annual bonus points
No foreign transaction fees
1:1 point transfer to leading airline and hotel loyalty programs like United MileagePlus and World of Hyatt
Complimentary Spot Club Platinum status with The Parking Spot for 2 years, 20% off of your first reservation, and points for 1 free day of parking (enroll by October 26, 2023)
Cons
$95 annual fee
No elite benefits like airport lounge access or hotel elite status
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
5x points on select Peloton purchases over $250 (through March 31, 2025)
5x points Lyft (through March 31, 2025)
3x points on online grocery purchases
3x points on dining at restaurants, including eligible delivery services and takeout
3x points on select streaming services
2x points on all other travel purchases
1x points on all other purchases
Other Key Benefits
Primary Rental Car Coverage — Your rental car is covered for theft and damage in the U.S. and most countries around the world.
Annual Hotel Credit — Receive an annual statement credit of up to $50 towards a hotel stay purchased through the Chase Ultimate Rewards portal.
Annual Bonus Points — Receive a 10% bonus on your annual spend on your card as bonus points on your account anniversary (i.e. spend $30,000 and receive 3,000 bonus points).
Trip Cancellation/Interruption Insurance — If you need to cancel or cut a trip short due to covered issues (like severe weather or an illness), you’re eligible for up to $10,000 of coverage for prepaid, nonrefundable travel expenses.
Baggage Delay Insurance — If your checked baggage is delayed more than 6 hours, you’ll receive $100 in reimbursements for essential items per day for up to 5 days.
Trip Delay Reimbursement — If you pay for your trip with the Chase Sapphire Preferred card and it is delayed for 12 or more hours, or long enough to require an overnight stay, you’ll be eligible for reimbursement of up to $500 per ticket in reasonable expenses.
Purchase Protection — Your new purchases are covered for up to 120 days against damage or theft, up to $10,000 per claim and $50,000 per account.
Extended Warranty Protection — The time period of a U.S. manufacturer’s warranty is extended by an additional year.
25% Point Bonus Through Chase Travel Portal — Your points are worth 1.25 cents apiece, instead of 1 cent, when redeemed through the Chase Ultimate Rewards travel portal.
How To Find a Larger Chase Sapphire Preferred Bonus Offer
Where will you travel with your Chase Sapphire Preferred card? Renaissance Pattaya Resort Spa. Image Credit: Marriott
While the standard offer on the Chase Sapphire Preferred card is usually pretty solid, you’ll always want to make sure you’re getting the best offer possible. Here are a few ways to try and track down a higher offer.
Increased Public Welcome Offer — Easiest Way
Naturally, one of the best ways to track down a higher welcome offer is by not having to track it down at all! Occasionally, Chase will offer an increased welcome offer available to everyone for a limited time.
Ultimate Rewards points are worth more when redeemed through the Ultimate Rewards travel portal, and even more still when transferred to one of the Chase transfer partners.
Utilize CardMatch
CardMatch is a tool that allows users to check for targeted offers from banking partners. Many of the larger U.S. banks, like Chase and American Express, publish these targeted offers to CardMatch and then reveal those offers to users when they use the CardMatch tool.
If you want to make sure you’re prequalified for a card before you apply, CardMatch offers that as well. While being preapproved does not guarantee approval, the likelihood of approval will improve significantly compared to someone who applies for the card through its website. Just be aware that there’s no guarantee that you’ll see better offers than what’s publicly available, but in our opinion, it’s worth checking out, especially as it’s free and your credit doesn’t get pulled.
Here’s the information that you need to provide CardMatch with in order to use the tool to see your offers:
Full name
Address
Last 4 digits of your Social Security number
While you may have reservations about providing the last 4 digits of your Social Security number, the entire website is secured using 256-bit encryption, and it’s a PCI Level 1 Compliant organization, which means it offers the same level of security as a bank would.
Furthermore, when you insert these details into CardMatch, you will not receive a hard pull on your credit report. This information is only used to match you with any targeted offers you’re eligible for.
Targeted Mailings From Chase
Another great option to increase your odds of receiving a higher offer is by opting into targeted mailings from Chase. Luckily, the process of doing so is pretty simple.
First, log into your account and click over to your Profile, then Settings. Once there, select Marketing Preferences, and then make sure you’ve selected Yes to receive special offers from Chase, which includes credit card offers!
Opt into Chase offers to increase your odds of an increased welcome bonus! Image Credit: Chase
Reasons You May Not Be Able To Get a Higher Welcome Offer
Chase’s 5/24 Rule
The Chase Sapphire Preferred card is subject to the Chase 5/24 rule. If you’re not familiar, the 5/24 rules limit new applicants from opening certain cards with Chase if they have previously opened 5 or more new credit cards in the last 24 months.
Keep in mind that this mostly applies to new personal credit cards — many business credit cards, personal loans, auto loans, etc., are not counted towards your 5/24 total.
So, if you’ve opened 5 or more new accounts over the past 2 years, you will not be approved for the Chase Sapphire Preferred card, even if you track down a higher welcome offer.
Low Credit
This reason likely needs no explanation, but if you currently have a low credit score, this will significantly decrease your odds of getting approved for the Chase Sapphire Preferred card, regardless of how large of a welcome offer you’re applying for.
If you were recently denied for the Chase Sapphire Preferred card, or think you would be denied if you applied, then your main priority should be to improve your credit score.
You’ve Opted Out of Marketing Offers
This one is very easy to overlook as Chase cannot send you marketing offers if you do not opt-in to receive them. If you want to limit the amount of snail mail you receive, you’re better off avoiding this, but if you want targeted offers mailed straight to you, you have to opt-in!
If you’re considering adding the Chase Sapphire Preferred card to your wallet, be sure to do some research so that you can make sure you’re getting the best offer possible. Once you’ve earned the bonus, then comes the fun part of deciding how to redeem your Chase Ultimate Rewards points!
Featured Image Credit: Upgraded Points
Frequently Asked Questions
How much are Chase Ultimate Rewards points worth?
The value of the points you earn with your card can vary based on how you use them. If you book travel through the Chase travel portal, you’ll get 1.25 cents per point in value. However, if you transfer them to hotel or airline partners, they can be worth much more.
Is the Chase Sapphire Preferred card subject to the 5/24 rule?
Yes, the Chase Sapphire Preferred card is subject to the 5/24 rule. So if you have opened 5 or more new cards in the last 24 months, you will not be approved for the card.
Is the Chase Sapphire Preferred card worth it?
It depends! For most people it absolutely is. You should consider all of the benefits you’re receiving from the card and see if those outweigh the $95 annual fee. If so, then the card is most likely worth it for you.
Do Chase Ultimate Rewards points expire?
Your Chase Ultimate Rewards points will never expire as long as your account remains active.
What is the highest ever Chase Sapphire Preferred card welcome bonus offer?
The highest welcome bonus we’ve ever seen for the Chase Sapphire Preferred card was 100,000 points.
How do you get the Chase Sapphire Preferred 80k or 100k bonus?
The best ways to get the 80,000- or 100,000-point welcome bonus offers for the Chase Sapphire Preferred card are to wait for a limited-time elevated welcome offer from Chase, utilize CardMatch for a targeted offer, and opt-in to receive targeted mailings from Chase.
How much is 100,000 Chase points worth?
How much value you get from your Chase Ultimate Rewards points will depend on how you redeem them. At a minimum, you could turn 100,000 points into $1,000 in cash-back, or $1,250 in travel purchases thanks to the 25% bonus through the Chase travel portal. However, we value Chase points at 2 cents per point, making 100,000 points worth $2,000, thanks to the high-value redemptions you can make by using the Chase transfer partners.
Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.
![How To Find the 80K or 100K Bonus Offer for the Chase Sapphire Preferred Card [December 2023]](https://upgradedpoints.com/wp-content/uploads/2019/07/Chase-Sapphire-Preferred-Upgraded-Points-LLC-06-Large.jpg?auto=webp&disable=upscale&width=1420&height=650&fit=crop)
