New Welcome Bonus on Chase Sapphire Preferred Card [60K Points and $300 Travel Credit]

One of our favorite travel rewards cards, the Chase Sapphire Preferred^® Card, has a new and improved welcome bonus offer. In fact, this popular credit card has never offered such a unique combination of bonus points and a travel credit before.

Here’s a full look at the details of the new welcome offer and how much value you can get from it, along with details of the Chase Sapphire Preferred card, so you can decide if it is the right card to help you reach your travel goals.

Chase Sapphire Preferred Card Welcome Offer Details

LIMITED-TIME OFFER

Chase Sapphire Preferred^® Card

U.P. Rating 

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 great welcome offer, good benefits, and perks for a moderate annual fee.

Learn More(at Chase's secure site)

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome Offer

Get up to $1,050 in Chase Travel^SM value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That’s worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.

$300 Chase Travel℠ Credit + 60,000 bonus points

UP's Bonus Valuation*:

$1,500

Annual Fee

$95

APR

20.99% - 27.99% Variable

Credit Recommended

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)

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on 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 & Cons

Pros

• 5x points on all travel booked via the Chase Travel portal
• 5x points on select Peloton purchases over $150 (through March 31, 2025)
• 5x points on Lyft purchases (through March 31, 2025)

Cons

• $95 annual fee
• No elite benefits like airport lounge access or hotel elite status

Read Full Review

Card Highlights

• Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. 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, 2027.
• Member FDIC

Financial Snapshot

• APR: 20.99% - 27.99% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Newly approved cardholders of the Chase Sapphire Preferred card can earn 60,000 bonus points and a $300 Chase Travel credit after spending $4,000 on purchases within the first 3 months of account opening.

The previous welcome bonus offered just 60,000 bonus points, and now, you’ll receive an additional $300 credit for any purchases made through Chase Travel for the same minimum spend requirement.

Chase Sapphire Preferred Card Benefits

While the welcome bonus offer is great and offers new cardholders quite a lot of value, here is a look at what else the travel credit card brings to the table. When it comes to earning points, you’ll get:

• 5x points on travel purchased through Chase Travel
• 5x points Lyft (through March 31, 2025)
• 3x points on online grocery store orders, select streaming services, and dining
• 2x points on all other travel purchases

Additionally, the Chase Sapphire Preferred card comes with a $50 annual hotel credit on bookings made through Chase Travel, primary rental car insurance, trip delay insurance, baggage delay insurance, purchase protection, and you’ll even receive a 10% bonus on your annual spend as bonus points on your account anniversary.

Once you’re ready to redeem your points, you can redeem 60,000 points for cash-back at a rate of 1 cent per point to get $600 in value. Alternatively, you can receive a 25% bonus when redeeming them through Chase Travel at a rate of 1.25 cents per points for $750 in value.

That said, our favorite way to redeem Chase Ultimate Rewards points is through the Chase transfer partners where you can receive significantly more value booking hotel stays through World of Hyatt, or flights with partners like Air France-KLM Flying Blue, Air Canada Aeroplan, Virgin Atlantic Flying Club, and more.

Final Thoughts

If you’ve been considering adding the Chase Sapphire Preferred card to your wallet, now is a great time to do so while the new welcome offer has improved. Put simply, the Chase Sapphire Preferred card is an excellent card overall, given its earning, benefits, and redemption options.