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The Chase Sapphire Preferred® Card is the single best credit card for anyone beginning their journey into travel rewards. The points it earns are flexible, valuable, and easy to use. And it’s currently offering an increased bonus of 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s worth:
The card incurs a $95 annual fee — but its ongoing benefits have been valuable enough to keep the card in my wallet for eight years.
Read more: The Chase Sapphire Preferred card’s travel insurance has saved me over $4,000 — here’s why I’ll never cancel it
Chase Sapphire Preferred now offering 80,000 points
Recommended Credit Score
Good to Excellent
Recommended Credit Score
Good to Excellent
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back(SM), your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
The Chase Sapphire Preferred® Card normally offers a sign-up bonus of 60,000 points after meeting minimum spending requirements. That’s a solid bonus — one of the best on the market. But in rare cases, its bonus is raised even higher.
The card currently offers 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Per Insider’s valuations, you should have no trouble getting up an average value of $1,440 from this bonus.
There are a variety of ways to use your points. You can redeem them for cash at a rate of 1 cent each; you can book paid travel through the Chase Travel Portal for 1.25 cents each; you can purchase merchandise through Amazon at a rate of 0.8 cents each.
But the best way to use Chase points is by transferring them to airline and hotel partners like Hyatt, Southwest, United Airlines, British Airways, and many more.
For example, you could:
- Transfer 80,000 points to Southwest for $1,200 in free flights.
- Transfer 90,000 points to Singapore Airlines for two round-trip coach flights to Hawaii on United Airlines. These seats could otherwise cost $1,500+, depending on where you’re flying from.
- Transfer 80,000 points to Hyatt for a weekend at the Park Hyatt Paris Vendome, which retails for $1,000+ per night.
- Transfer 70,000 points to British Airways for a one-way business class flight to Doha on Qatar Airways in a Qsuite seat — one of the nicest lie-flat business class seats in existence. This seat regularly retails for $6,000+.
Read more: Best ways to use Chase points in 2022
No matter what your travel goals are, the Chase Sapphire Preferred® Card can help you achieve them.
Is the Chase Sapphire Preferred right for you?
The current sign-up bonus is excellent — but if you’re even a casual traveler, the card’s ongoing benefits are worth paying the $95 each year. You’ll get benefits such as:
Read more: Chase Sapphire Preferred Card review
If you’re considering this card, there are a few simple application rules you should know about:
Read more: Why I’m convinced the Chase Sapphire Preferred is one of the best starter cards to earn points and miles
We hardly ever see the Chase Sapphire Preferred® Card bonus elevated to 80,000 points. If you’ve been thinking about applying for this card, now is the time you’ve been waiting for.