Chase has increased the welcome offer on one of it’s popular cards: the Sapphire Preferred (CSP). While the amount of Ultimate Rewards points awarded has remained the same at 60K after $4k in spend, there’s now the addition of a $300 travel credit as well.
However, unlike the $300 credit for the Sapphire Reserve card, which can be easily used towards almost any travel purchase, the one issued for the Sapphire Preferred’s welcome offer can only be used on bookings through Chase TravelSM, Chase’s online portal, which makes it somewhat less appealing.
This increased offer is already available via referrals, so if you’re in 2-player mode, you can get an extra 10,000 points by referring from someone in your household.
The Offer & Key Card Details
| Card Offer and Details |
|---|
60K Points + $300 Chase TravelSM Credit ⓘ Affiliate 60K + $300 Chase TravelSM credit after $4K spend in 3 months$95 Annual Fee Alternate Offer: There may be elevated offers available by applying in-branch A similar offer with the first year annual fee waived may be found in-branch. YMMV. FM Mini Review: Great signup bonus. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with fee-free Ultimate Rewards cards such as the Freedom cards, Ink Business Cash, and Ink Business Unlimited. Earning rate: 5X Travel booked through Chase Travel℠ (2X all other travel) ✦ 3X Dining ✦ 3X Select streaming services ✦ 3X Online grocery ✦ 5X Lyft (through March 2025) ✦ 10% annual point bonus Card Info: Visa Signature issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: Primary auto rental collision damage waiver ✦ $10 monthly credit for non-restaurant DoorDash orders ✦ Free DashPass through 2027 ✦ Transfer points to airline & hotel partners ✦ $50 back for hotel stays booked through Chase per cardmember year in the form of a statement credit |
Quick Thoughts
Earning 60,000 Ultimate Rewards points and a $300 travel credit after $4,000 of spend is a pretty good offer, especially because the Sapphire Preferred also brings with it the ability to transfer to Ultimate Rewards travel partners if you don’t already have a premium card.
The CSP has been parked at 60,000 points for awhile now, so it’s nice to see things sweetening up a bit. This isn’t as good as the 80-85K offers that we saw earlier this year, but it’s still a $95 card with a first-year value of over $1,000 according to our Best Offers page. That puts it near the top of Chase’s current consumer card offers.
Note that there’s an offer giving 70,000 Ultimate Rewards when applying in a Chase branch. If you have any Chase locations near you, it might be worth the effort to apply via a banker in order to earn those 10,000 additional points. You can accomplish the same thing by using a referral as well, which is undoubtedly the way to go if you already have a Sapphire card in the house.
- 5/24 Rule: You most likely will not get approved for a new card if you have opened 5 or more cards (with any bank) within the past 24 months. Most business cards do not count towards that five card total. Business cards that DO count include: TD Bank, Discover and the Capital One Spark Cash Select, Spark Miles and Spark Miles Select.
- 24 Month Rule: If you’ve previously had a card before, you can only get a welcome offer on that card again if you no longer have the card AND if it has been more than 24 months since you last received a welcome offer for that card. This rule does not apply to the Sapphire Preferred and Reserve cards (see below). There can be exceptions with some business cards.
- 48 Month Rule (Sapphire cards): If you’ve previously had either the Sapphire Preferred or Sapphire Reserve cards, you can get the welcome offer for another Sapphire card only if you no longer have either card AND if it has been more than 48 months since you last received a welcome offer for the card.
- Southwest "Family" Rules: In addition to Sapphire cards' 48-month rule, Chase applies additional "family" rules to the Southwest cards. You're not eligible for the welcome offer on a personal Southwest card if you currently have one, or if you've received a welcome offer on any personal Southwest card within the last 24 months. This doesn't apply to business cards. You also can't be approved for Southwest consumer card if you already have one open.
- IHG "Family" Rules: You're not eligible for the welcome offer if you've received a welcome offer on any personal IHG card within the last 24 months. You also can't be approved another IHG consumer card if you already have one open.
- 2 per month Rule: Most applicants are limited to 2 new cards per month. Business cards are usually limited to one per month.
- Marriott cards: Approval for any Marriott card is governed by a labyrinthine set of unintuitive rules. You can see the full eligibility chart here.
- Card Limits: Chase doesn't have a strict limit on the amount of cards that you can have, but it does place limits on the total amount of credit that they will issue you across all cards. Because of this, reconsideration can sometimes be successful by moving credit from one existing card to the new card that you want.
- Application Status: Call (888) 338-2586 to check your application status.
- Reconsideration: If denied, call (888) 270-2127 for personal cards, or (800) 453-9719 for business cards, and ask for your application to be reconsidered.
The post Chase Sapphire Preferred: Earn 60k Ultimate Rewards + $300 travel credit appeared first on Frequent Miler. Frequent Miler may receive compensation from CHASE. American Express, Capital One, or other partners.