Update 5/23/24: End date of June 22, 2024 is being communicated by at least some front line bankers.
The Offer
Chase is launching some in branch offers starting April 28th. Offers are as follows:
Chase Sapphire Preferred:
75,000 points after $4,000 in spend in the first three months
An additional 10,000 bonus points after spending $6,000 total on purchases made in the first six months after account opening
Chase Sapphire Reserve:
75,000 points after $4,000 in spend within the first three months after account opening
Card Details
Chase Sapphire Preferred:
$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
Chase sapphire reserve:
$550 annual fee
Card earns at the following standard rates per $1 spent:
3x points on travel & restaurants
1x points on all other purchases
No foreign transaction fees
$300 annual travel credit
Primary car rental insurance
Visa infinite benefits
Full review on Chase Sapphire Reserve can be found here.
Our Verdict
Chase sapphire preferred:
We saw a 90,000 point offer last year. This isn’t as good as that offer but I still think it’s worth doing and think it’s unlikely we see a better offer than this in the next year. Because of that we will add this to our list of the best credit card bonuses.
Chase sapphire reserve:
Sapphire reserve is the best bonus we’ve seen for awhile as well, most recent increased bonus was 70,000 points. If you can make use of the benefits and don’t mind the high annual fee then this card is worth considering as well. Just remember you can’t get both of these cards so you will have to chose the offer you prefer.