The Chase Sapphire Preferred® Card is one of the best travel rewards credit cards for beginners. It hits on all cylinders: lucrative earning rates, valuable perks and versatile rewards — all for an affordable annual fee of $95.
And now, Chase has added a sweetener on top of its regular offer — a $300 travel credit — making it an ideal time to apply for the card.
Along with Bilt Rewards points, Chase Ultimate Rewards points are the most valuable points of any credit card issuer.
Let’s dive into why you should consider adding the card to your wallet.
Apply now: Chase Sapphire Preferred with 60,000 bonus points and a $300 Chase Travel℠ credit* for the first year after spending $4,000 on purchases within the first three months of account opening
*A statement credit will automatically be applied to your account when your card is used for purchases made through Chase Travel℠, up to a maximum accumulation of $300 within the first year of account opening. Statement credit(s) will appear on your monthly credit card billing statement within 6 to 8 weeks after your purchase posts to your account. For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs.
Chase Sapphire Preferred current offer
New Chase Sapphire Preferred cardholders can earn 60,000 bonus points and a $300 Chase Travel℠ credit for the first year after spending $4,000 on purchases within the first three months of account opening. According to our October 2024 valuations, this offer is worth $1,530.
The $300 statement credit will be applied to one or more purchases made through the Chase Travel portal in the first year. You’ll receive this credit within eight weeks of the purchases you make. And you don’t need to meet the minimum spending requirement to receive this statement credit.
The last time we saw an elevated bonus on this card was in May and June, when 75,000 points (worth $1,538) were on offer.
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The current offer almost matches the last one (it’s worth only $8 less). However, many cardholders will find this one more lucrative as the $300 travel credit is easier to use than the 15,000 additional points.
Chase tends to offer an elevated bonus on this card only once a year, so this year is the exception in getting a second offer. If you’ve considered getting this card, now is a great time to apply for the Chase Sapphire Preferred.
Why you should apply for the Chase Sapphire Preferred
The Sapphire Preferred is well worth opening, partly because it is easy to rack up points after you’ve spent the welcome bonus.
The Chase Sapphire Preferred has many generous bonus-earning categories:
- 5 points per dollar spent on travel booked through the Chase Travel℠ portal
- 5 points per dollar spent on Lyft (through March 2025)
- 3 points per dollar spent on dining
- 3 points per dollar spent on select streaming services
- 3 points per dollar spent on online groceries (excluding Target, Walmart and wholesale clubs)
- 2 points per dollar spent on all other travel purchases
- 1 point per dollar spent on all other purchases
Cardmembers also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So, if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.
Additionally, Chase Ultimate Rewards can transfer to 14 airline or hotel partners, including valuable programs such as Air Canada Aeroplan, Air France-KLM Flying Blue and World of Hyatt. You can maximize your rewards by booking aspirational business-class tickets or picturesque stays at island resorts for far less than their cash equivalent.
Bottom line
The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market. It comes with travel protections and up to $50 in annual hotel statement credits for hotel purchases made through Chase Travel after each member’s anniversary (one of my favorite perks). That covers more than half the card’s already reasonable $95 annual fee.
No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy-to-maximize perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.
Learn more in our full review of the Chase Sapphire Preferred card. And compare it to the Chase Sapphire Reserve® if you’re tossing up between the two.
Apply now: Chase Sapphire Preferred with 60,000 bonus points plus a $300 Chase Travel credit