[Expired] Last Call: 75,000-Point Welcome Offers on Both Chase Sapphire Preferred and Reserve Cards

Updated: June 13, 2024, 10:34am CDT

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Increased Chase Sapphire Preferred Card and Chase Sapphire Reserve Card Welcome Offers
Chase Sapphire Preferred Card vs. Chase Sapphire Reserve Card
Can You Get Another Welcome Offer on the Chase Sapphire Preferred Card or Chase Sapphire Reserve Card?
Final Thoughts

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Chase recently brought back higher welcome offers on its most popular travel credit cards, but now those offers are set to end tomorrow, June 13, at 9 a.m. EST.

It‘s been well over a year since Chase has brought bigger-than-normal welcome bonuses to the table:

Chase Sapphire Preferred^® Card: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Chase Sapphire Reserve^®: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.

The opportunity to earn 75,000 Ultimate Rewards points gives travelers a chance to save hundreds — if not thousands — of dollars on flights, hotels, activities, and more. We’ll go over the details of these new welcome bonus offers and benefits to see if either card is a good fit to kick off your summer travels.

Increased Chase Sapphire Preferred Card and Chase Sapphire Reserve Card Welcome Offers

Based on our most recent valuations of points and miles, Chase Ultimate Rewards points are worth 2 cents apiece. Here’s a look at each welcome offer compared to our bonus value:

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Card	Welcome Offer	UP’s Bonus Value
Chase Sapphire Reserve Card	Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.	$1,200
Chase Sapphire Preferred Card	Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.	$1,200

With either card, you can transfer points at a 1:1 rate to British Airways Executive Club, United MileagePlus, World of Hyatt, and Marriott Bonvoy, among others.

ANA First Class Spacious Seat — One of my favorite redemptions to date: ANA first class from Tokyo to San Francisco. Image Credit: Stella Shon

Because of this unique ability, this 75,000-point welcome offer is worth more like $1,500 to us.

Chase Sapphire Preferred Card vs. Chase Sapphire Reserve Card

Now, the decision lies between which card is better suited for your travel profile. Below, you’ll find a side-by-side comparison of the Chase Sapphire Preferred card vs. Chase Sapphire Reserve card:

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	Chase Sapphire Preferred Card	Chase Sapphire Reserve Card
Annual Fee	$95	$550
Rewards Rate	5x points on travel purchased through Chase Travel 3x points on dining, select streaming services, and online groceries 2x points on all other travel purchases 1x points on all other purchases	10x points on hotels and car rentals purchased through Chase Travel 5x points on flights purchased through Chase Travel 3x points on other travel and dining 1x points on all other purchases
Redemption Value	1:1 transfer to Chase’s airline and hotel partners Get 25% more value when you redeem your points for travel through Chase Travel Earn annual bonus points equal to 10% of your total purchases made the previous year	1:1 transfer to Chase’s airline and hotel partners Get 50% more value when you redeem your points for travel through Chase Travel
Travel Benefits	$50 annual hotel credit via Chase Travel Complimentary travel insurance and purchase protection No foreign transaction fees	$300 annual travel credit Access to 1,300+ airport lounges worldwide thanks to a complimentary Priority Pass Select membership (upon enrollment) and gain access to every Chase Sapphire Lounge Application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck Complimentary travel insurance and purchase protection No foreign transaction fees

Can You Get Another Welcome Offer on the Chase Sapphire Preferred Card or Chase Sapphire Reserve Card?

It’s important to get comfortable with Chase’s specific rules before applying. For starters, you can only have 1 Chase Sapphire card at a time.

Furthermore, both the Chase Sapphire Reserve card and Chase Sapphire Preferred card are subject to the issuer’s 48-month welcome offer rule. You cannot earn another welcome bonus (from either the Chase Sapphire Reserve card or Chase Sapphire Preferred card) within 48 months.

Finally, it’s unlikely you’ll be approved for either card if you’ve opened 5 or more cards — from any issuer — within the previous 24 months. This unofficial guideline is known as Chase’s 5/24 rule.

Hot Tip:

Has it been more than 48 months since you last received a welcome bonus on either the Chase Sapphire Reserve card or Chase Sapphire Preferred card? You’re in luck. To be eligible for the welcome offer again, you would need to downgrade your card (for example, to a Chase Freedom Unlimited^®) and then reapply for the card.

Final Thoughts

These new welcome offers aren’t the best we’ve ever seen, but Chase seems to offer elevated bonuses much less often nowadays. Getting a head start with the 75,000-point welcome bonus offer can be a great way to earn a healthy stash of points for travel this year. Now is the time to consider either card since both offers are set tomorrow, June 13, at 9 a.m. EST.