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

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Stella Shon
Edited by: Jessica Merritt
& Kellie Jez
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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.

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

  • Chase Sapphire Preferred® Card: Earn 75,000 100,000 points after spending $5,000 on purchases in the first 3 months.
  • Chase Sapphire Reserve®: Earn 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.

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.

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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 100,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.$2,000

Chase Sapphire Preferred Card

Earn 75,000 100,000 points after spending $5,000 on purchases in the first 3 months.$2,000

With either card, you can transfer points at a 1:1 rate to the British Airways 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$795

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 more value when you redeem your points for certain travel bookings 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 more value when you redeem your points for certain travel bookings through Chase Travel

Travel Benefits

  • $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

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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. 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. You are eligible for the welcome offer again. If you currently hold one of the cards, 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.

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About Stella Shon

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in The New York Times, USA Today, and more.

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