Offer ending soon: Earn up to 75K on Chase Sapphire Preferred and Sapphire Reserve
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“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.
BLUEPRINT
Published 3:58 p.m. UTC May 2, 2024
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Here’s some credit card news that should put a twinkle in your eye: Two of the best travel credit cards on the market, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® are offering a 75,000-point welcome bonus after meeting minimum spend requirements for a limited time starting May 2, 2024. With strong earning potential and phenomenal travel insurance benefits, these cards are must-haves for anyone who loves earning and burning travel rewards. The offers listed on this page are ending on June 13, 2024 at 9am EST.
Let’s take a look at the details.
Boosted welcome offers on both Sapphire Cards
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® have a lot in common. They earn the same type of points, known as Ultimate Rewards®, share the same transfer partners and offer similar travel benefits as well as purchase protections and insurances.
However, the Chase Sapphire Reserve charges a $550 annual fee, and comes laden with premium perks like lounge access and an up to $300 annual travel credit while the Chase Sapphire Preferred Card costs just $95 per year but doesn’t offer as rich an array of extras.
The lower annual fee makes the Sapphire Preferred ideal for those who may not want to shell out big bucks for a credit card, while the Sapphire Reserve’s loftier carrying cost makes it a match for those willing to pay for the card’s extras.
What’s all the hype about the Chase Sapphire Preferred? Here’s what makes this card worth the buzz.
Whatever your annual fee proclivities may be, both cards are out with a new, limited-time welcome offer, that can more than make up for the annual fee on either card:
- Chase Sapphire Preferred Card: Earn 75,000 bonus points after spending $4,000 on purchases in the first three months from account opening.
- Chase Sapphire Reserve: Earn 75,000 bonus points after spending $4,000 on purchases in the first three months from account opening.
As you can see, the offers for these cards are identical. You’ll need to meet the same amount of minimum spend for each, so the card you select is really going to come down to preference.
The previous welcome offer for both of these cards was 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening.
It’s important to note that you’re only eligible for the bonus on these cards if you meet specific requirements:
- You must not currently hold a Sapphire credit card.
- You must not have received a new cardmember bonus within the last 48 months.
- You must not have applied for more than five new credit cards from any issuer in the last 24 months, aka the “Chase 5/24 rule”.
Is it worth it?
Both of these cards earn Chase Ultimate Rewards®, which are an exceptionally valuable and flexible reward currency. With more than 10 hotel and airline travel loyalty partners including JetBlue, Southwest and Marriott Bonvoy, there’s a wide variety of redemption possibilities.
If transferring to loyalty partners isn’t your thing, you can also opt to redeem your Chase Ultimate Rewards within Chase Travel℠. The value you’ll receive for your points will differ depending on which card you hold:
- Chase Sapphire Preferred Card: A point is worth 1.25 cents when redeemed this way, making the bonus worth $938.
- Chase Sapphire Reserve: A point is worth 1.50 cents when redeemed this way, making the bonus worth $1,125.
With a guaranteed value of at least $938 towards travel, those who are eligible for this welcome offer would do well to take advantage.
Plus, those who are savvy enough to take advantage of transfer partners may even get a value as high as 2 cents per point, stretching the total welcome offer value to $1,500. That makes it a no-brainer for anyone interested in amassing a pile of points quickly.
Final verdict
The Chase Sapphire Preferred Card and the Chase Sapphire Reserve are popular travel credit cards, beloved by all types of rewards enthusiasts. However, if you haven’t yet applied for one of these cards, now’s the time. New welcome offers for both cards mean you’ll get big value for meeting the minimum spending requirement.
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