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Chase has updated the sign-up bonus for the Chase Sapphire Preferred® Card to 80,000 points!
New Chase Sapphire Preferred® Card cardholders can earn 80,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $1,000 when you redeem through Chase Ultimate Rewards®. Plus, they can earn up to $50 in statement credits towards grocery store purchases within the first year of account opening.
It’s important to note that the $95 annual fee isn’t waived for the first year. But you can get even more value if you transfer your Sapphire Preferred points out to an Ultimate Rewards travel partner.
Other Chase Sapphire Preferred Benefits
The Chase Sapphire Preferred® Card offers 2x points on travel, 2x points on dining worldwide, 5x points on Lyft through March 2022, and 1X points for every dollar spent in every other category. There are no foreign transaction fees and the card comes with a convenient bundle of insurance benefits & protections. Including all that, the annual fee for the Chase Sapphire Preferred credit card is only $95.
With this sign-up bonus for eligible new cardholders, 80,000 points can be redeemed for $1000 worth of hotels or airfare through Chase Ultimate Rewards.
Ways to Redeem Your Points
So, once you get the Chase Sapphire Preferred® Card, what are some of the best ways to redeem your Chase Ultimate Rewards points? Here are a few of our favorite ideas that we think you should try.
Island Hop in the South Pacific
With Singapore Airlines, it only costs 12,500 miles to book a one-way economy ticket in the South Pacific. If you would like to bump up to business or first, it will cost 17,500 miles and 22,500 miles, respectively. That’s a pretty good flat rate for trying out a premium cabin, and it can help you access some of your more unexplored pockets of the South Pacific.
Fly From San Francisco to Frankfurt
This long-haul, round trip route with United costs 60,000 United MileagePlus Miles, which is a decent one-off use for your sign-up bonus. This is a nice option because you don’t need to worry about any extra fuel surcharges with United. Plus, it’ll get you across the pond and back with just one redemption.
If you are located on the East coast, United has another trans-Atlantic route that can get you from Newark to Tel Aviv for the same price. Either one of those routes would be a great way to spend your bonus points. You can also fly with any of United’s partners from the US to Europe for the same price. This includes flights on Swiss, Lufthansa and Air Canada among others.
Fly Domestically Within the US
If you are a frequent flier, you may have noticed that many flights within the contiguous US can be just as expensive as international routes, if not even more expensive with the frequent sales we’ve been seeing. With United, the lowest redemption for most domestic roundtrip fares is 25,000 United MileagePlus Miles.
This is great because your bonus points will get you two domestic roundtrip tickets with 10,000 bonus points left over to spend somewhere else. Alternatively, you could book a roundtrip fare within the contiguous US for 25,000 United MileagePlus Miles, and then you could book a roundtrip fare to Alaska for 35,000 United MileagePlus Miles. That would nearly total out your sign-up bonus but you would have two flights under your belt.
Fly to Hawaii
Flying to Hawaii from the US on American Airlines or Alaska Airlines will cost proportionally the same amount of points as domestic flights with United. But this time, you can transfer your Chase Ultimate Rewards Points to British Airways Avios for a cheaper redemption if you live on the West Coast.
If you fly with either American or Alaska, a one-way fare to Hawaii is only 12,500 points from a number of West Coast cities. Again, your sign-up bonus can get you two roundtrip fares (or four one-way fares) with a little left over. Fly from LA to Maui or Kailua, or fly Phoenix to Honolulu or Kauai with this great low-cost fare.
With Southwest’s competitive awards chart, it is not uncommon to find Southwest routes within the US and Caribbean on sale. At a 1:1 transfer ratio, your sign-up bonus can get you a ton of great one-way fares if you book sale fares with Southwest.
Be sure to keep an eye on the Southwest awards chart in order to redeem your points for those super cheap flights. Regardless of where you choose to go, the Chase Sapphire Preferred is a good option if you want to earn points for travel. Whether you choose to go overseas or even on a quick weekend getaway, the Preferred is great for earning points on hotel stays and dining purchases.
The Chase Sapphire Preferred® Card is often considered one of the best travel credit cards. In June 2018, Kiplinger’s Personal Finance even named it the “Best Credit Card for Flexible Travel Redemption.” With the many benefits and point redemption options, it’s easy to see why. How will you use your sign-up bonus with Chase Sapphire Preferred? Let us know in the comments.
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Chase Sapphire Preferred® Card
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.