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June 26, 2024: The Chase Sapphire Preferred® Card sign up bonus is back down to the regular 60,000 point bonus and referral links that previously showed the higher 75k offer are no longer working. We have also confirmed an in-branch bonus offering a total of 70k points.
The Chase Sapphire Preferred® Card currently offers 60,000 point new cardmember bonus online. Here are the details:
- If you apply online, you can earn 60,000 points after spending $4,000 on the card within the first 3 months.
- If you apply in-branch, you may be able to get a better offer. When we visited a Chase branch in-person on June 26, 2024, we were offered the same welcome bonus available online, plus an additional 10,000 points after spending an additional $2,000 (total of $6,000) within 6 months.
Here’s what you need to know about the current Chase Sapphire Preferred® Card new cardmember bonuses.
Best sign-up bonus online: 60k Chase Sapphire Preferred® bonus for new cardmembers
The best Chase Sapphire Preferred® Card welcome bonus available online offers 60,000 points after $4,000 of spending in 3 months. Here are the details:
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Preferred® Card sign-up bonus
bonus_miles_full
Business-as-usual welcome bonus. A larger bonus offer ended online on 6/13. You may be able to get a larger offer in-branch.
More about this card
Benefit highlights:
Premium travel insurance benefits.
Transfers to Ultimate Rewards® travel partners.
Extended warranty.
Purchase protection.
Rewards:
5x on travel purchased through Chase Travel℠.
3x on dining, including eligible takeout and delivery services.
3x on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
3x on select streaming services.
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Learn more:
Read our review of the Chase Sapphire Preferred.
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
Chase Sapphire Preferred® in branch offer: Additional 10k points—Up to 70k total points
On June 26, 2024, we confirmed that there was a 70k offer available on the Chase Sapphire Preferred® Card. This offer is an in-branch exclusive and awards an additional 10,000 points on top of the regular Sapphire Preferred bonus.
The 70k offer is earned in two parts, broken down as follows:
- Earn 60,000 points after you spend $4,000 in purchases in the first 3 months from account opening.
- Earn an additional 10,000 bonus points after you spend a total of $6,000 within the first 6 months from account opening.
If you live near a Chase branch, meet with a banker to get this better offer.
Referral links no longer showing 85k Chase Sapphire Preferred® Card bonus.
When Chase offers a limited-time increased welcome bonus online, it will usually allow current customers to refer a friend to the same welcome bonus. These referral links tend to show the limited-time offer for about a week after the public offer ends.
As of June 25, 2024, all previously-generated referral links are no longer showing the increased offer and will show this card’s “business as usual” offer.
When you can get a higher bonus through our referral links, we will show our referral links on this page. Right now, our referral links show the same offer as the Chase website and our affiliate links.
Chase may send out targeted larger offers.
Within the last several months, I’ve seen posts on Reddit indicating that Chase is sending out targeted offers with higher welcome bonuses. Doctor of Credit also reported this a while back. If you’re in the market for a Chase Sapphire Preferred® Card, keep an eye on your mail, since people who received these offers received the via direct mail. We know of no way to trigger being targeted for the higher welcome bonus.
The best way to use your Chase Sapphire Preferred® bonus points
The Chase Sapphire Preferred® Card earns Ultimate Rewards® points, which can be used for cash back, travel, and a variety of other redemptions. However, not all redemption options are created equal. The Sapphire Preferred offers you two of the best ways to use your Ultimate Rewards points: Point transfers to partners and booking travel through Chase Travel℠ for 25% more value. Here are the best ways to use your points.
- Cash back. You can always use Ultimate Rewards® points for cash back redemptions. You’ll get 1 cent per point for cash back redemptions on any Ultimate Rewards credit card.
- Options available with premium cards. If you hold a premium Ultimate Rewards card, you can a few additional options for using your points. Premium Ultimate Rewards cards include the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred® Credit Card. You can also use the points you earn on your no-annual-fee card for these premium redemption options if you first transfer your points to your premium card.
- Travel through Chase Travel℠. Premium Ultimate Rewards cards offer increased value when you use your points to book travel through Chase Travel℠. You get 25% more value for bookings through Chase Tavel with the Sapphire Preferred or Ink Preferred. And you’ll get 50% more value for bookings made through the Sapphire Reserve card.
- Transfers to airline and hotel partners. All of the Premium Ultimate Rewards cards offer point transfers to travel partners. Transfers to partners offer the opportunity to get outsized value for your points through luxury travel redemptions. Our favorite Ultimate Rewards® transfer partners include Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Avios, United Mileage Plus, Virgin Atlantic Flying Club, and World of Hyatt.
My take on the current Chase Sapphire Preferred® bonuses
The Chase Sapphire Preferred® Card recently offered its best offer in the past year. Unfortunately, that offer ended online on June 13, 2024 and the current offer is down to the standard 60k point offer.
If you are located near a Chase branch, it may be worth it to check to see if there’s an in-branch offer available. The last in-branch offer we know of awarded an extra 10k points for an additional $2,000 of spending (total $6,000 within 6 months).
If you’re looking to earn Ultimate Rewards® points, the best bonuses right now are on the Chase Ink credit cards. These include the Ink Business Cash® Credit Card, Ink Business Unlimited® Credit Card and Ink Business Preferred® Credit Card cards. But don’t overlook the personal credit cards on our list of the best Chase Ultimate Rewards welcome bonuses.
Bottom line: The Chase Sapphire Preferred® Card offers a decent welcome bonus online. But it’s worth checking in-branch to see if there is a larger welcome bonus available. This welcome bonus is included in our list of Chase Ultimate Rewards welcome bonuses and the best cash back welcome bonuses.
Learn how to apply.
Annual fee: annual_fees
Chase Sapphire Preferred® Card sign-up bonus
bonus_miles_full
Business-as-usual welcome bonus. A larger bonus offer ended online on 6/13. You may be able to get a larger offer in-branch.
More about this card
Benefit highlights:
Premium travel insurance benefits.
Transfers to Ultimate Rewards® travel partners.
Extended warranty.
Purchase protection.
Rewards:
5x on travel purchased through Chase Travel℠.
3x on dining, including eligible takeout and delivery services.
3x on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
3x on select streaming services.
1x on other eligible purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Learn more:
Read our review of the Chase Sapphire Preferred.
Learn more about Chase Ultimate Rewards®.
See the best Ultimate Rewards welcome bonuses.
A few notes on applying for Chase cards
- 5/24 rule. 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, especially for Ink cards. See our coverage about Chase 5/24 for more.
- Only one Sapphire-branded card. You can only hold one Chase Sapphire-branded card at a time. This means you can have either a Chase Sapphire Preferred® Card or a Chase Sapphire Reserve®, but not both.
- You can get a welcome bonus on a Chase card, even if you’ve had the card previously. 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. (We published a separate article to help you determine if you can get a Sapphire welcome bonus.)
- Marriott cards have their own special rules.
- Chase will match an increased bonus. 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.
- In-branch offers are sometimes better. Chase sometimes has better credit card welcome offers in-branch than it will publish on its own website or through affiliate networks. Check all channels to make sure you’re getting the best bonus.
- Chase business cards do not report to personal credit reports and do not impact your 5/24 status as long as they are current.
Other ways to get Ultimate Rewards® points
Getting a new Chase Sapphire Preferred® Card isn’t the only way to earn Ultimate Rewards® points. Several other personal and small business cards earn Ultimate Rewards, and the Chase Ink-branded cards in particular offer incredibly generous welcome bonuses on cards with no annual fee. And Ultimate Rewards you earn on another card can be transferred to your Sapphire Preferred.
We continuously updated our list of the best Ultimate Rewards welcome bonuses. Bookmark that list of you want to earn Ultimate Rewards points.
Frequently asked questions
Is the Chase Sapphire Preferred® 85k bonus still available?
As of publication, the in-branch 85k offer is no longer available. This ended sometime in mid-June 2024. As of June 26, 2024, the current Chase Sapphire Preferred® in-branch offer is the same as the online offer, but adds an additional 10,000 points after a total of $6,000 of spending within 6 months.
Can I transfer points to airlines with the Sapphire Preferred?
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.
What is the most valuable use of Ultimate Rewards points?
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.
Can I transfer the Ultimate Rewards points I earn with a Chase Freedom Card to airlines?
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.
Do I have to go into a branch to get the extra 10,000 Ultimate Rewards points offer?
Yes. The in-branch offer of 10,000 additional Ultimate Rewards points requires an in-person visit to a Chase branch bank.
Read more about the Chase Sapphire Preferred® card
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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.
