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
- 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
- $95 annual fee, not waived first year
- No foreign transaction fees
- Primary car rental insurance
- This card earns at the following rates:
- 2x points per $1 spent on travel and dining at restaurants
- 1x points per $1 spent on all other purchases
- Transferable points
- Redeem points on Chase’s travel portal at a value of 1.25¢ due to the 25% travel redemption bonus
- 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)
- Chase 5/24 rule applies to this card
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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I just hit the 50,000 point rewards. Anyone had any luck with them matching the additional 10,000 points?
Chase usually doesn’t match when the AF waiver changes, but give it a go you have nothing to lose. I’d wait for the bonus to go live online first
Would you be ok with the $95 fee?
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?
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)
Don’t think there is any change to the Reserve, usually you can’t upgrade immediately.
Is the 60k sign-up bonus available thru referral links as well?
We aren’t sure yet
Still not available yet.
It is available now. I’ve been refereed and the bonus is 60k
Meh, it’s not like woohoo!! But 5 bucks is 5 bucks I guess. 🤔
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.
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?
She can still get the bonus. Authorized user cards don’t count for that.
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.
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?
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!
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.
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.
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.
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.
Wait you have a 70K offer? Can you send a screenshot?
Yup. Just got approved. It seems like new info, checked on Reddit too. Not sure how to get a screenshot after approval.
Yes that’s the best on CSP.
If a persona already has the Preferred card, can you get another?
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/
You missed “fee waived” in Our Verdict.
???
It makes sense like this:
Previously the bonus on this card was 50,000 points with the $95 annual fee WAIVED. Given that points are worth a minimum of 1¢ when redeemed for statement credit this bonus is at least $5 better.
referral is still 50k with the AF waived
I just asked, not sure the turned out, will back once received the results.
Hey guys, people are being targeted for a 70k UR bonus. My girlfriend is targeted.
She is targeted for a reason. Just sayin. Think bout it
Not sure I follow. What do you mean? I was targeted too.
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.
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.
Can a referral be stacked with chase targeted offer so P1 (refer) and P2 (chase targeted) both win ?
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.
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.
Thx for the info. Did you do the MDD?
Denied matching just now.
Denied as well. Reason was that the annual fee was waived in the original offer :/
Over SM I was told I could get the 10k points but I would be charged the $95 AF.