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The Chase Sapphire Preferred® Card currently offers a welcome bonus of 60,000 points. To earn the bonus, you must spend $4,000 on the card in the first three months. The Sapphire Preferred has a $95 annual fee.
The Chase Sapphire Preferred is a core card to have if you’re collecting Ultimate Rewards. The card offers 5x points on travel purchased through Chase, 2x points on all other travel purchases, 3x points for online grocery store purchases, dining and select streaming. Not only does holding the Sapphire Preferred increase your card earnings, but your points become worth more with the Sapphire Preferred.
Get the card_name: Welcome bonus
card_name: bonus_miles_full
Our take on the welcome bonus: Chase occasionally offers larger welcome bonuses on the Chase Sapphire Preferred®, so it might be worth waiting for one of those to come around. You might be able to get an offer for 10,000 points more by applying in-branch.
The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Card highlights:
Annual fee: $95
Rewards: 5x travel through Chase; 3x dining; 3x streaming and online grocery; 1x all other purchases
About the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is one of Chase’s flagship rewards cards. It offers elevated rewards in useful categories like travel, online grocery, dining, and select streaming services and best-in-class travel insurance protections. The Chase Sapphire Preferred® carries an annual fee of $95.
The card offers rewards of three points per dollar in several categories, including online grocery, select streaming providers, and dining. When you purchase travel through Chase Ultimate Rewards, you’ll earn five points per dollar. All other travel earns two points per dollar. Finally, the card also offers increased rewards for Lyft rides (5x) and Peloton purchases.
The Sapphire Preferred features travel insurance benefits like primary rental car insurance, baggage delay insurance and trip delay reimbursement coverage, making it an excellent choice to use for booking travel. Most importantly, the card offers transfers to Chase’s useful suite of travel partners, plus 25% increased value for your rewards when you redeem them for travel through Chase Ultimate Rewards.
For more on the Chase Sapphire Preferred® Card check out our overview of the Chase Sapphire Preferred® Card.
My take on the welcome bonus
The Chase Sapphire Preferred® Card’s 60,000 point welcome bonus is respectable. You can get $750 of cash value when you use your points through Chase Ultimate Rewards for travel. But it’s hard to get excited about this bonus at the moment. Chase just ended a larger welcome bonus offer on this card.
Take a peek at our Welcome Bonus Database to see the historical bonuses offered on the Sapphire Preferred card.
If you are considering the Sapphire Preferred, you might want to wait around for a larger welcome bonus. Or, if you have a small business, consider the Ink Business Premier for its larger welcome bonus. If you hold either the Sapphire Preferred, Ink Business Premier, or Sapphire Reserve, all of the Ultimate Rewards points you earn on your other cards more valuable…
Additional welcome bonuses may be available
While the offer above is the best publicly available welcome offer, you might find better targeted welcome offers through other channels. Here are a few of the offers we know about. These offers may be available only to select customers, may be available only in select markets, or might no longer be available.
80k Chase Sapphire Preferred® targeted direct mail offer
Online sources like Doctor of Credit are reporting that there is an 80,000 point offer available to some customers via direct mail. If you receive any mail from Chase, keep an eye out for this offer. This is likely to be the best offer available through any channel currently.
70k Chase Sapphire Preferred® in-branch offer
As recently as July of this year, a Chase banker confirmed to me in-branch that there is was an in-branch only offer available. In-branch applications for the Chase Sapphire Preferred® could earn 10,000 Ultimate Rewards points after spending an additional $2,000 on the card within six months. See your local Chase branch bank for details. I an currently working to confirm whether this offer is still available.
A few notes on applying for Chase cards
- Chase generally won’t approve you if your credit report is showing 5 or more new credit card accounts opened in the last 24 months. This rule is knows as the 5/24 rule. If you’re unsure if you are “under 5/24” you should check your 5/24 status before applying for a Chase card. Note that recently this rule seems to have softened. See our coverage about Chase 5/24 for more.
- How often you can earn a welcome bonus on a Chase card varies by card family.
- Most cards allow you to earn a welcome bonus if it has been at least 24 months since your last received a welcome bonus on the same card.
- Chase Sapphire-branded cards, such as the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, you can only earn a welcome bonus once every 48 months.
- You can only hold one Chase Sapphire-branded card at a time.
- If you apply for a Chase card and the bank offers a higher bonus within 90 days, you can send Chase a secure message or call them to have your welcome offer matched.
- Chase business cards do not report to personal credit reports as long as they are current.
Chase Ultimate Rewards card synergies
Chase Ultimate Rewards points can always be redeemed for cash back rewards at one cent each. This makes 10,000 points worth $100. But your points can become even more valuable when you hold a premium Ultimate Rewards credit card.
If you hold a Chase Sapphire Preferred® Card, Chase Sapphire Reserve, or Ink Business Preferred card, you have access to a handful of redemption options that can increase the value of your points:
- Point transfers to airline and hotel partners
- Increased value when you redeem for travel through Chase Ultimate Rewards
- Pay Yourself Back options
To use the points you earned from your non-premium Ultimate Rewards credit card for one of these redemptions, simply transfer your Ultimate Rewards points to your premium Ultimate Rewards credit card.
Get the card_name: Welcome bonus
card_name: bonus_miles_full
Our take on the welcome bonus: Chase occasionally offers larger welcome bonuses on the Chase Sapphire Preferred®, so it might be worth waiting for one of those to come around. You might be able to get an offer for 10,000 points more by applying in-branch.
The link above is our affiliate link. We always show you the best offer, and this is the best offer we know about on this card.

Card highlights:
Annual fee: $95
Rewards: 5x travel through Chase; 3x dining; 3x streaming and online grocery; 1x all other purchases
Frequently asked questions
Yes. If you have the Chase Sapphire Preferred card, you can transfer points. Points can be transferred to any one of Chase’s airline or hotel transfer partners.
You can get the most value out of your Ultimate Rewards points by using a premium credit card to redeem for travel at elevated value, or transfer to an airline or hotel partner. Not every transfer partner offers great value, so be sure that you’re redeeming for more value than you could get by booking travel directly.
If you hold a premium Ultimate Rewards card like the Chase Sapphire Preferred, Chase Sapphire Reserve, or the Ink Business Premier, you can! Just transfer the Ultimate Rewards you earn on the Freedom card to your premium card and then transfer those points to airline or hotel partners.
Yes. The in-branch offer of 10,000 additional Ultimate Rewards points requires an in-person visit to a Chase branch bank.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.