The Offer
No direct link to offer, available in branch
Earn 60,000 Bonus Points after you spend $4,000 on purchases with your new Sapphire Preferred card within the first 3 months of account opening.
Plus earn an additional 10,000 Bonus Points after spending an additional $2,000 in the next 3 months.
Card Details
$95 annual fee, not waived
No foreign transaction fees
Primary car rental insurance
$50 Annual Hotel Credit. (This is per cardmember year, rather than calendar year. Must be booked through the Chase Travel Portal.)
Card earns at the following rates:
5x on travel booked through the Chase Travel portal.
3x on Dining/Streaming Services/online grocery (excludes: excluding Target, Walmart and
wholesale clubs)
2x on travel
1x on all other purchases
10% Anniversary point bonus. When you renew your card Chase will offer a 10% bonus spend. For example if you spend $25,000 you’d earn 2,500 bonus points. This is award after the annual fee is paid. This doesn’t apply to the sign up bonus.
Transferable points
Redeem points on Chase’s travel portal at a value of 1.25¢ due to the 25% travel redemption bonus
Not eligible if you’ve received a sign up bonus on the Sapphire Preferred/Reserve in the last 48 months (standard is now 48 months)
Chase 5/24 rule applies to this card
Our Verdict
This offer kind of sucks compared to the 90,000 in branch offer offered last year. It has been available since August but I didn’t really think it was worth posting about. Some readers think it’s worth it and has been posted elsewhere. We won’t add this to our list of the best credit card bonuses.
Hat tip to DDG