Special Offer For Recent Approvals: Chase Sapphire Preferred & INK Cardholders Get $50 Chase Travel Credit

Update 6/24/25: To clarify, this $50 credit is a credit at checkout (unlike the CSP $50 hotel credit which is a statement credit. From what I’m reading, it appears this offer might be available for everyone who signed up within the past year-or-so (or possibly up to 1.5 years) on the Sapphire Preferred or INK Preferred, even if you didn’t get an email about it. Simply start a Chase Travel booking at see if they take off $50 at checkout, and you’ll know that you have the offer. (ht to reader RM)

Original Post 6/23/25:

The Offer

Chase is sending out an email with details of the new Points Boost information on the Sapphire Preferred card and on the INK Preferred card which takes away the flat 1.25% redemption option for a variable option, effective in October 2025.

They also note a special offer for new Sapphire Preferred cardholders who were approved within the past year-or-so:

• Get a one-time $50 credit toward Chase Travel booking. That’s on top of the regular $50 annual hotel credit benefit. To redeem, just book your itinerary through Chase Travel by June 23, 2026.
• Some INK Preferred cardholders are getting the $50 credit email as well.

Our Verdict

Nice bonus $50 credit. I believe this $50 shows up as a credit in Chase Travel (?) while the $50 hotel credit comes as a statement credit. You should be able to use up both on $100 hotel booking.

Seems like they are trying to soften the blow of the new Points Boost which most of us consider a downgrade. For some reason they’re only offering the credit to new-ish cardholders.