Posted by William Charles on March 19, 2019
Credit Cards

Published on March 19th, 2019 | by William Charles

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Chase Sapphire Preferred Increased Bonus To 60,000 Points, Annual Fee Not Waived

Update 3/19/19: Some readers have been able to successfully match to this higher point bonus. Because the annual fee is not waived in this deal and it was waived in the previous deal Chase isn’t calling it a bonus match, but they are offering some people courtesy points of 10,000 with the annual fee still waived. Obviously this is YMMV so if you don’t get the match/points courtesy just move on.

Also worth checking to see if you’re eligible for the 70,000 bonus before applying for this 60,000 point offer.

Update 3/18/19: As promised this offer is now available online. The deal is showing up for myself (Will) but not Chuck, so you might want to try opening it incognito mode if it’s not working for you.

The Offer

Direct link to offer

  • As rumored Chase has changed the sign up bonus on the Chase Sapphire Preferred to 60,000 points after $4,000 in spend within the first three months. The annual fee is not waived

The Fine Print

Our Verdict

Previously the bonus on this card was 50,000 points with the $95 annual fee. Given that points are worth a minimum of 1¢ when redeemed for statement credit this bonus is at least $5 better. For most people the bonus is even better than that as most get more than 1¢ in value from either transfer partners or by using the Chase travel portal (points are worth 1.25¢ with this card or 1.5¢ if you hold the Chase Sapphire Reserve). The main problems with this offer are the 48 month rule and 5/24 rule. Some people will find the Chase Sapphire Reserve better value even with the high annual fee due to the other benefits it provides.

That being said if you’re under 5/24 and prefer the Sapphire Preferred to the Sapphire Reserve then this is the best offer I see Chase offering in the short term. Because of that we will be adding this to our list of the best credit card bonuses. If you have any questions about Chase cards, I’d recommend reading this post first as chances are they have already been answered there.

Hat tip to Miles Talk



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SD
SD

I just hit the 50,000 point rewards. Anyone had any luck with them matching the additional 10,000 points?

Dja
Dja

Would you be ok with the $95 fee?

Brandon
Brandon

What about the Reserve? Is that going up in signup bonuses? Otherwise, why wouldn’t I get the Preferred for the bonus before upgrading to the Reserve if I desired it?

Ben
Ben

You can’t upgrade in the first 12 months (not Chase policy, but a requirement of the CARD Act designed to prevent banks from surprising you with an annual fee increase)

David C
David C

Is the 60k sign-up bonus available thru referral links as well?

Joe
Joe

It is available now. I’ve been refereed and the bonus is 60k

Dja
Dja

Meh, it’s not like woohoo!! But 5 bucks is 5 bucks I guess. 🤔

Mike V
Mike V

Even though I’m qualified I will try to make myself feel better by remembering it’s basically $5 more. Finishing up a big spend on another card so can’t do it now.

Though if it’s available for a bit I can try.

Naitik
Naitik

If my wife is currently an authorized user for my sapphire reserve and I got the bonus within the last 4 years, would that affect her ability to apply for the card and get the bonus?

Chuck

She can still get the bonus. Authorized user cards don’t count for that.

VL
VL

Slightly off topic, but could be useful for you – she still got that personal card on her record. If it has been more than 24 months, then you are fine.. but if it is a fresher account it would affect her 5/24. Chase is quite easy to work with to remove such account from a spouse’s CR. You need to close AU card and have your wife to contact Chase and ask them to remove the card from her CR.. takes up to 60 days but not much effort on your side. Could be useful for somebody who is at 4-5/24 situation.

Same works for you. If you need 2 players to meet the min spend, you can add yourself, and when done with spend – remove yourself, and clear your CR for future applications. (Although personally I prefer never add AUs on personal cards to keep reports cleaner).

Good luck.

Naitik
Naitik

Thanks for the heads up, but thankfully she will be under 5/24 even considering the AU. To clarify, she doesn’t have to remove the Reserve AU card to be allowed to get the Preferred, correct?

Sanchez
Sanchez

I don’t see how this card is any good since there is an annual fee

Bank of America Premium Rewards is so much better

If I’m wrong please tell me!

Ivan X

Lots of good cards have annual fees. Your BofA rewards can’t be transferred to airlines to be redeemed as award tickets for orherwise very expensive seats. So you’re kind of comparing apples and oranges. If you just want cash back, there are many good options; BofA cards are among those you have a lot of holdings with them.

V
V

The BoA Premium Rewards also has a $95 annual fee (it offers a $100 airline credit every year, and a $100 TSA Global/Pre credit every four years, this Chase card doesn’t offer these benefits).

The main benefit of Chase Sapphire Preferred is that points are worth 1.25c when you redeem for travel (1.5c per point for Chase Sapphire Reserve). If you have 100k points, they will be worth $1250 when you redeem for travel instead of $1000. If you have other Chase card that get you 60k-80k points per card, the value of all those the points is multiplied by 1.25 or 1.5. I think the 1.25c value comes with all Chase UR cards that have an Annual Fee.

There is a cell phone insurance for up to $600 (deductible was $75 or something, Wells Fargo has $600 coverage with $25 deductible). I forget the other benefits for Preferred, but one is expedited customer service, the phone is usually picked up immediately.

Mar
Mar

I agree premium rewards is much better. Also gets 1.5 on all other purchases (or more if you’re a preferred customer).
But I also wouldn’t travel first class or stay in a certain hotel to get good redemption value from chase ur points, and I don’t like being forced to use whatever site they give us to get the 25% multiplier (even though it seems decent most of the time). That’s probably why I think it’s better.

Joey
Joey

I have the same offer but for 70,000 points in my pre-qualified list. Is this the best offer? I am thinking about jumping on it.

Jake
Jake

Wait you have a 70K offer? Can you send a screenshot?

Joey
Joey

Yup. Just got approved. It seems like new info, checked on Reddit too. Not sure how to get a screenshot after approval.

boomX
boomX

Yes that’s the best on CSP.

matt
matt

If a persona already has the Preferred card, can you get another?

Chuck

You can not get approved for a second Sapphire card if you already have one card in the Sapphire family. https://www.doctorofcredit.com/official-chase-updates-terms-indicate-sapphire-family-limitation/

Aleks
Aleks

You missed “fee waived” in Our Verdict.

Michael Fama
Michael Fama

referral is still 50k with the AF waived

Haly
Haly

I just asked, not sure the turned out, will back once received the results.

Josh
Josh

Hey guys, people are being targeted for a 70k UR bonus. My girlfriend is targeted.

Joe
Joe

She is targeted for a reason. Just sayin. Think bout it

Joey
Joey

Not sure I follow. What do you mean? I was targeted too.

Victory58
Victory58

I got Chase Sapphire Reserve with 100K UR bonus plus 3x$300 Airline credits two years ago, and then closed it in early 2018. I never applied Chase Sapphire Preferred card. So I am wondering whether I will be qualified for welcome bonus if I apply Chase Sapphire Preferred card now.

Pat
Pat

Read the Fine Print section, specifically the bullet points.

“Not eligible if you’ve received a sign up bonus on the Sapphire Preferred/Reserve in the last 48 months (standard is now 48 months)”

Use the link in that section to learn more.

AD
AD

Can a referral be stacked with chase targeted offer so P1 (refer) and P2 (chase targeted) both win ?

yang
yang

I requested the match this morning as I was pre-approved for the Sapphire card in January. They said I was eligible for the match and I would see additional 10,000 points in 1-2 statements. The annual fee was not mentioned at all. I logged out and back into my account and the 10,000 points were already added to my account.

Bruce
Bruce

yang Over SM? Any tips on what to mention?

yang
yang

yeah over SM. Just told them I applied during the 50k promo and I see that there’s a 60K promo, can I match to the new promo.

Bruce
Bruce

Thx for the info. Did you do the MDD?

W.C
W.C

Denied matching just now.

king
king

Denied as well. Reason was that the annual fee was waived in the original offer :/

Chris
Chris

Over SM I was told I could get the 10k points but I would be charged the $95 AF.

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