The Offer
Direct link to offer (if the offer doesn’t load try refreshing or using a proxy. It’s possible they are split testing the two different offers)
- Chase has increased the sign up bonus on the Chase Sapphire Preferred to 60,000 points after $4,000 in spend within the first three months. Annual fee of $95 is not waived in the first year
- You also get an additional 5,000 points after adding an authorized user and making your first purchase
Card Details
- Annual fee of $95 is not waived first year
- Card earns at the following rates:
- 2x points on dining at restaurants
- 1x points on all other purchases
- Get 20% off travel when redeeming points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards (basically making points worth 1.25¢ each)
- No foreign transaction fees
- Gives the ability to transfer all Chase Ultimate rewards points (including points earned on Chase Freedom, Chase Freedom Unlimited & Chase Ink Cash) to travel partners
- Read our full review here
- Chase 5/24 rule applies to this card
Our Verdict
Normally the sign up bonus on this card is 50,000 points with the annual fee waived. With this offer you’re basically paying $95 for 10,000 Chase UR points, they cash out at 1¢ so worst case scenario this offer is $5 better. Most people will get more than 1¢ due to the Chase travel partners though. Keep in mind it’s sometimes possible to get 60,000 points in branch with the AF waived, that offer is usually reserved for Chase Private Client members but sometimes others can get it as well. Sadly most people won’t be eligible due to the 5/24 rule. Also keep in mind the one sapphire rule (you can get around this somewhat by applying for multiple sapphire cards in one day) If you are eligible then this is a strong offer, although I’d try and see if you’re targeted for the in branch offer first.
If you have any questions about Chase, they are probably answered in this linked post. It includes things such as the Chase reconsideration number and how to check to Chase pre-approval offers. I will be adding this offer to our best credit card bonuses. Chase will generally not match sign up bonuses when the annual fee has changed (as is the case here), but it never hurts to ask.
Hat tip to ramonortiz55
