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.
Update 12/5/2023: I’ve confirmed with a Chase banker that the 70,000 point in-branch offer is still available. Details on this offer are below.
The Chase Sapphire Preferred® Card currently offers an online 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 Travel℠, 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.
card_name welcome bonus:
bonus_miles_full
Click here to learn more and apply.
Our take on the welcome bonus: It’s been almost a year since we saw a larger welcome bonus on the Chase Sapphire Preferred®. The current bonus is the standard bonus available online. 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.
Chase Sapphire Preferred® Card at a glance:
Annual fee: $95
Rewards: 5x hotels and car rentals through Chase Travel℠. 3x dining. 3x streaming. 3x online grocery. 2x other travel. 1x other purchases.
Benefits: Premium travel insurance benefits. 25% more value on travel redemptions. Point transfers.
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 Travel℠, 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 Travel℠.
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 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® Credit Card 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 – Still available as of December 2023
In early December of 2023, I reached out to my contact at Chase and confirmed that there is still at 70,000 point offer available in-branch on the Chase Sapphire Preferred®.
When you apply in-branch, you can earn 10,000 Ultimate Rewards points after spending an additional $2,000 on the card within six months. This bonus is on top of the 60,000 point offer available online. When you apply in-branch under this offer, you’ll get a total of 70,000 points if you spend $4,000 on the card within 3 months and then an additional $2,000 (total of $6,000) within 6 months.
See your local Chase branch bank for details on this offer. This offer is not available online.
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. (We published a separate article to help you determine if you can get a Sapphire welcome bonus.)
- 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.
The Ultimate Rewards® points you earn with your card can be transferred between your cards. If you hold multiple cards that earn Ultimate Rewards®, you can earn points on one card and use the enhanced redemption options of another card.
Here are the best Ultimate Rewards® redemption options by card:
| Cards with no annual fee | Premium cards | High-tier premium cards | |
|---|---|---|---|
    |   |  | |
| Chase Freedom Flex Chase Freedom Unlimited® Ink Business Cash® Ink Business Unlimited® | Chase Sapphire Preferred® Ink Business Preferred® | Chase Sapphire Reserve® | |
| Cash back 1 cent per point | |||
| Travel through Chase Travel℠ | 100% of cash value | 125% of cash value | $150 of cash value |
| Transfers to travel partners See list of transfer partners below. | – | ||
| Gift cards 1 cent per point, with occasional sales on select brands |
The Ink Business Premier® Credit Card is marketed as an Ultimate Rewards® card, but it doesn’t allow you to transfer points to other cards, so it is not included in this table.
Ultimate Rewards Transfer partners
Point transfers to Ultimate Rewards® transfer partners are widely believed to be the best way to get the most value from your Chase points. When you transfer points to a partner, your Ultimate Rewards® become point in that partner’s loyalty program. You can then redeem your points for awards offered by a partner loyalty program. Point transfers cannot be reversed, so be sure you know what you’re going to use your points for before transferring them.
Here are the airlines and hotels you can transfer to if you hold a premium Ultimate Rewards® credit card:
| Transfer partner | Program highlights | |
|---|---|---|
| Air Canada Aeroplan | Easy-to-use Star Alliance awards, with the option to spend extra miles to make flights cancelable. | |
| Air France-KLM Flying Blue | Great for monthly Flying Blue promo awards. | |
| Avios Aer Lingus AerClub British Airways Executive Club Iberia Plus | Distance-based programs with good value on shorter flights like USA-Ireland (AerClub) and short-haul flights on Oneworld partners (Executive Club). | |
| Emirates Skywards | One of the few ways to book Emirates first class with points. | |
| JetBlue TrueBlue | Reward prices tied to cash prices of tickets, usually around 1.3 cents per point. | |
| Singapore Airlines KrisFlyer | One of the few ways to book Singapore first class tickets with points. | |
| United MileagePlus | Good value off-peak international economy awards. Generous award change/cancel policies. | |
| Virgin Atlantic Flying Club | Some opportunities to book good-value premium cabin awards with partners. | |
| IHG One Rewards | Offers a fourth night free on point redemptions if you hold an IHG-branded credit card, but generally not a good use of Ultimate Rewards® points. | |
| Marriott Bonvoy | May be a reasonable use if you need just a few points to top off an award, but generally not a good use of Ultimate Rewards® points. | |
| World of Hyatt | Offers excellent redemption value at some properties due to its award chart. |
Redemptions options you shouldn’t use
The table above shows you the best Ultimate Rewards® redemption options. But there are some ways to redeem points that provide less value. Here are the redemption options you should avoid:
- Most gift card redemptions only offer 1 cent per point. You’re not getting any additional value and you’re giving up the flexibility of cash when you redeem for gift cards. Only redeem for gift cards when select brands are on sale.
- Pay with points usually offers less value than 1 cent per point. You can get more value from your points through a cash back redemption.
- Shop with Apple only offers 1 cent per point. If you use your points for cash back and charge your Apple purchases to your card, you can earn rewards for your purchases.
- Chase Dining only offers 1 cent per point. Use your points for cash back instead and get rewards on your dining purchases.
card_name welcome bonus:
bonus_miles_full
Click here to learn more and apply.
Our take on the welcome bonus: It’s been almost a year since we saw a larger welcome bonus on the Chase Sapphire Preferred®. The current bonus is the standard bonus available online. 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.
Chase Sapphire Preferred® Card at a glance:
Annual fee: $95
Rewards: 5x hotels and car rentals through Chase Travel℠. 3x dining. 3x streaming. 3x online grocery. 2x other travel. 1x other purchases.
Benefits: Premium travel insurance benefits. 25% more value on travel redemptions. Point transfers.
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.
A Chase banker has confirmed that, as of December 2023, the 70,000 point in-branch offer is still available.
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.