Chase Sapphire Preferred Also Increases Sign-Up Bonus!

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This offer has expired. Please see Featured Card page for updated offer.

Update: A commenter Anthony has found what could be an even better offer – head to Flyertalk for more details or it may pop up for you on Chase’s site!

The Chase Sapphire Preferred® Card has increased its sign-up bonus for the first time in over a year!  This card is usually my #1 recommendation to those new to the miles and points world because the points it earns are very valuable, but also very versatile.  It also comes with no foreign transaction fee, a chip and signature feature, with it you can access the Ultimate Rewards Shopping portal, and the customer service is pretty top-notch.

The sign-up bonus has recently been pretty constant at 40,000 Ultimate Reward points after spending $3,000 in the first three months.  However, it has now increased to 40,000 Ultimate Reward points after spending $3,000 in the first three months + 5,000 bonus points for adding an authorized user and having them make a purchase in the first three months.  Most family travelers have a spouse, significant other, parent, adult child, etc. that they would trust to be an authorized user on their card, so I absolutely view this as an increased sign-up bonus.

It’s true that 5,000 additional points isn’t life changing, but for a card that so rarely sees a change to the sign-up bonus, it is enough to likely make some in my family pull the trigger.  Plus, 5,000 points is enough for a free Category 1 Hyatt award night, a short-haul British Airways Avios redemption, or an IHG Rewards PointBreaks night, so don’t discount what 5k Ultimate Reward points can do via hotel and airline partners.  If you are going to get a rewards credit card, you might as well get it with the highest sign-up bonus possible!

If you aren’t familiar, the points that the Chase Sapphire Preferred card earns can transfer 1:1 to the following hotel and airline partners:

United, Hyatt, Marriott, British Airways, IHG Rewards, Ritz Carlton, Southwest, Korean Air, and more!  Even with some recent devaluations from Hyatt and United, these points are easily still worth around 1.6 cents each to me, and I usually redeem for way more than that.  If you wanted to redeem them as cash, they would be worth $500 toward travel booked via the Ultimate Rewards site. 

The Chase Sapphire Preferred earns 2x on dining and travel expenses plus 1x on most other charges.  It pays 3x on restaurant charges the first Friday of each month. There is an introductory $0 annual fee the first year, and $95 in subsequent years.

If you are in the miles and points world and don’t yet have the Chase Sapphire Preferred, this is a great time to consider it since we rarely see the sign-up bonus go up on this card.  Just make sure to also add a (trustworthy) authorized user and ensure that person makes a purchase in the first three months so you get the extra 5,000 points!  The Chase Freedom – $200 Bonus Cash Back card just temporarily doubled their sign-up bonus from 10,000 to 20,000 points after spending $500 in the first three months as well.  Congrats to everyone who is able to get in on these improved sign-up bonus offers!

Application Link:  Chase Freedom – $200 Bonus Cash Back Card

 

Disclosure: I do receive a commission if you are approved for a credit card using one of my affiliate links.  As always, thanks for your support.

 

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Comments

  1. I’m looking at another Sapphire Preferred offer on chase.com: 50K points after $3000 spend and 5K for the addition of an authorized user for $0 the first year and then $125 annually. Isn’t this a better offer?

  2. Thanks for the link and response. I love your blog. I have my own “little C” (Claire), and appreciate the perspective from which you write.

  3. Used the link for the 55k offer and applied for the wife with me as an AU. Instantly approved. I’ll probably just cancel/downgrade it when the annual fee kicks in since I already have a CSP card with a $95 annual fee and she is a AU on that one.

  4. I’ve had the Sapphire Pref for about a year and a half now. My wife also has her own CSP card (applied before we got married). To consolidate this, she’s going to cancel her account after she gets her 7% bonus early 2014 and I’m going to add her as an authorized user to my account. Is there a chance I’ll get the 5000 bonus if I ask Chase? I’ve been a good Chase customer for a few years.

  5. I just got approved for the CSP with the 50,000 point offer plus 5,000 for adding an authorized user with the $125 fee in the second year. I had been wanting to wait to get this for a bit, but figured 15,000 additional points made this worth jumping on!

  6. I used the link for the 55k offer and applied for the husband with me as an AU. Instantly approved. I’ll probably just cancel/downgrade it when the annual fee kicks in since I already have a CSP card with a $95 annual fee and he is a AU on that one.

  7. The 55K offer is absolutely available, and there’s no link in your update.

    Why are you not taking down your inferior links and making it easier for your readers to find the better link? I would think showing them how to get an offer 10K better than the links in this post would be worth a post.

    • The very top of this post indicates where you can get the 55k offer. I’m about to take my 4th flight since this came out yesterday so haven’t yet had a chance to get it all straight. It is a unique situation, but I am taking down my sapphire links in the post as soon as I am on a computer and not a cell phone. Absolutely want everyone to get the best offer they possibly can.

  8. The 50K + 5K offer is now on Chase’s main site, along with the $125 annual fee. Looks like they may have “upgraded” this card. I pulled the trigger, got a message that they need more info/want me to call them. (I have 1 other Chase personal card and 2 Chase business cards; excellent credit and good income. My last Chase personal app was over 2 years ago; last business app was 3 months ago.)

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