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The sign-up bonus on what is arguably the best consumer rewards credit card out there is on the way up! The Chase Sapphire Preferred (not the similarly named Chase Sapphire Reserve) has had a sign-up bonus of 50,000 Ultimate Reward points after you spend $4,000 on purchases in the first 3 months, but there is a new higher offer starting to make its appearance that awards 60,000 Ultimate Reward points after you spend $4,000 on purchases in the first 3 months!
I remember years ago when the sign-up bonus on this card dropped from 50,000 to 40,000 points and it was like the end of time was coming for those who didn’t get in before it dropped. Hopefully, this will be equally as exciting, just in the opposite direction since Ultimate Reward points are so valuable when transferred to partners such as United, Hyatt, Southwest, British Airways, Singapore, and more. Transferring Chase Ultimate Reward points at a 1:1 ratio to the World of Hyatt in order to stay at family-friendly Hyatt resorts is a personal favorite redemption of mine!
I’m not seeing the 60,000 point offer consistently quite yet (though feel free to try this link – not an affiliate link), so perhaps there is some A/B testing going on, or perhaps it is glitchy for some other reason. Do note that the offer with the 60,000 point bonus does not have the $95 annual fee waived the first year and the offer with the 50,000 point bonus has had a $0 introductory fee the first year. Even if you only used the points at a 1.25 cents per point value towards travel the 10,000 additional points are more than worth the $95 annual fee difference in the first year. Both the old and new version of the offer award an additional 5,000 points if you add an authorized user who makes a purchase in the first 3 months, bringing your total haul up to a possible 65,000 Ultimate Reward points!
The biggest barrier here is that to get the Sapphire Preferred, you have to be under the Chase 5/24 cutoff, not currently have this card or any other Chase Sapphire card, and not have received a welcome bonus for any Sapphire product in the last 24 months. However, if you are new to this hobby, or simply haven’t had a Sapphire card in a while, this may be a great time to pull the trigger since 60,000 Ultimate Reward points are worth at least $750 towards travel if you use the points at 1.25 cents each, and potentially more if you maximize partner award charts.
I’ll update you if this 60,000 point offer goes live across a reliable link, or even better, makes its way to the Chase refer-a-friend program. Do any of you have your eye on 60,000 – 65,000 new Ultimate Reward points?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.