[Expired] 80,000-Point Welcome Bonus Offer for Chase Sapphire Preferred Card [Last Call!]

Update:The offer mentioned below has expired and is no longer available.

One of the most popular travel rewards credit cards currently has a huge welcome bonus offer, but that offer is set to end soon — on Thursday, May 25, at 9 a.m. EDT, to be exact!

Let’s take a look at this offer, and this card at large, to help you decide if it’s a good fit for your wallet.

Chase Sapphire Preferred Card 80,000-point Welcome Bonus Offer

If you apply — and are approved for — the Chase Sapphire Preferred^® Card, you can earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. There’s less than a week left to apply, as this limited-time welcome offer will end on May 25, 2023 at 9 a.m. EDT.

Those points are worth at least $800 in cash-back or $1,000 when you redeem them through the Chase Travel portal. But we value the welcome bonus offer at $1,600 thanks to the value you can receive by strategically using Chase’s airline and hotel transfer partners.

Not only is the 80,000-point welcome offer on the Chase Sapphire Preferred card a great welcome offer, but this card is a great option for both those who are new to points and miles and those who have been earning and burning points for years.

Chase Sapphire Preferred Card Earnings and Benefits

The Chase Sapphire Preferred card earns Chase Ultimate Rewards points according to the following structure:

• 5x points per $1 spent on all purchases through the Chase Travel portal
• 5x points per $1 spent on Lyft rides (through March 31, 2025)
• 5x points per $1 spent on select Peloton purchases over $250 (through March 31, 2025)
• 3x points per $1 spent on dining, online grocery purchases, and select streaming services
• 2x points per $1 spent on all other travel purchases
• 1x point per $1 spent on all other purchases

Plus, the card includes great benefits like a $50 annual hotel statement credit and annual bonus points equal to 10% of your total purchases made the previous year, along with important protections like trip delay insurance, baggage delay insurance, rental car insurance, and more.

Hot Tip: If you want to learn more about the card and what it offers to cardholders, read through our ultimate guide to the benefits of the Chase Sapphire Preferred card.

What Can You Do With 80,000 Ultimate Rewards Points?

At the low end, you could redeem your 80,000 Ultimate Rewards points for $1,000 worth of travel through the Chase Travel portal. This includes flights, hotels, rental cars … you name it!

But, it’s also possible to get even more value than this by using Chase transfer partners. For instance, 75,000 points transferred to World of Hyatt can get you 3 award nights (during off-peak or standard availability) at The Beekman, A Thompson Hotel, in the heart of New York City. This property can often cost $500 to $600 a night, giving you $1,500 to 1,800 in value for your points.

You can also transfer 72,500 points to Virgin Atlantic Flying Club to book a one-way ticket in ANA’s impressive first class cabin between Los Angeles (LAX) or San Francisco (SFO) to Tokyo. This ticket would otherwise cost an eye-watering $10,000 to $13,000!

Hot Tip: Need more award redemption ideas? We’ve got you covered! Check out our guide on the best ways to redeem Chase Ultimate Rewards points for max value.

Final Thoughts

Put simply, the Chase Sapphire Preferred card is popular for a reason. The card offers a low annual fee, great bonus categories, and solid perks. Not to mention, the points it earns are some of the most valuable in the game.

Now, with a welcome bonus of 80,000 points, it is even better than it was before. If you think the card is a good fit for you, you’ll want to act quickly because the increased welcome offer is ending soon!