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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
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