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Did you let the recent Chase Sapphire Preferred® Card and Chase Sapphire Reserve® promotions sail off? Here are the cards’ current welcome offers.
60,000 Bonus Points for the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® both offer 60,000 bonus Chase Ultimate Rewards® points after you spend $4,000 on eligible purchases within three (3) months of being approved for card membership.
- Visit this page to learn how to apply for the Chase Sapphire Preferred® Card
- Visit this page to learn how to apply for the Chase Sapphire Reserve®
The Chase Sapphire Preferred® Card‘s biggest-ever bonus was 100,000 a few years ago (and also when it launched, I believe). If I remember correctly, the Chase Sapphire Reserve® topped out at 80,000 points for its most generous offer. We don’t know if those promotions will ever return. So, if either of these cards has been on your radar, now might be a good time to take advantage of the welcome offers.
We are big fans of the Chase Ultimate Rewards program and its cards.
Welcome Offer Eligibility and 5/24
Before we jump into the cards’ specifics, let’s address a couple of questions some people may have.
Who’s Eligible for the Cards?
Here’s the language, per Chase:
“The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. (Bold mine.) If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.”
What About 5/24?
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® are subject to 5/24.
“5/24” is the colloquial term for Chase’s practice of automatically declining any applicant who’s been approved for five or more personal/consumer cards from any issuer within the past 24 months. (Business credit card approvals do not count 5/24, though Chase does take people’s 5/24 activity into consideration during the application process.)
We hear Chase might be relaxing a little bit when it comes to 5/24. That’s (anecdotally) been the case with their business cards. If you’re over 5/24 but apply for a Chase personal card, please let us know what happens.
Main Benefits of Both Cards
Chase Sapphire Preferred® Card and Chase Sapphire Reserve® members can apply points at increased values when purchasing travel through Chase Travel℠.
- Chase Sapphire Reserve® can apply points at a value of 1.5 cents each (as opposed to the standard 1 cent each). For example, 75,000 points is potentially worth up to $1,125 in travel purchases through Chase.
- Chase Sapphire Preferred® Card can apply points at a value of 1.25 cents each. For example, 75,000 points is potentially worth over $925 in travel purchases through Chase.
Keep in mind you link other Chase cards to your Sapphire Preferred or Sapphire Reserve accounts — and transfer over those points. For example, if you have a Ink Business Cash® Credit Card, you can send those points over to your Reserve card — and then apply them at 1.5 cents each through Chase Travel℠. It really gives the Ultimate Rewards program a bunch of value.
You can also transfer points to Chase’s loyalty program partners:
Airlines
- Aer Lingus AerClub
- Aeroplan
- British Airways Executive Club
- Emirates Skywards
- Flying Blue (Air France-KLM)
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
Hotels
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
Both also feature excellent trip interruption, trip cancellation, and travel delay coverage when using your card to pay at least a portion of your eligible trip.
What about the individual cards?
The Sapphire Preferred is great for everyday purchases such as dining, select streaming services, and online grocery purchases (because, really, it’s more fun to let others do the shopping, right? 🙂 )
It also carries a $95 annual fee vs. the Reserve’s $550. But the Reserve comes with up to $300 in annual statement credits for eligible travel purchases — and a lot of purchases count toward it (I’ve had parking meters earn back the credit!).
The Reserve is geared more toward people who enjoy travel benefits. It comes with Priority Pass Select membership for airport lounges (enrollment required) and access to Chase’s growing network of their signature Chase Sapphire Lounges by The Club.
I also love the Reserve’s monthly Instacart credits.
Chase Sapphire Preferred® Card
Annual Fee: $95
Points Earnings
- 10X each anniversary year on each dollar you spent the previous year!
- 5X on Lyft purchases through March 2025
- 5X on travel purchased through Chase Travel℠
- 5X on Peloton purchases
- Purchases must be over $150
- A maximum of 25,000 total points may be earned on this through March 31, 2025
- 3X on dining
- 3X on select streaming services
- 3X on online grocery purchases
- 2X on all other travel purchases
- 1X all other purchases
Other Card Features:
- $50 annual Chase Travel℠ hotel credit
- Earn up to $50 in statement credits each year when booking a hotel through Chase Travel℠.
- Instacart benefits
- Complimentary six-month Instacart+ membership
- Earn up to $15 in statement credits each quarter through July 2024
- Activate by July 31, 2024
- DoorDash DashPass subscription
- Complimentary access to DashPass (a membership for both DoorDash and Caviar) which entitles you to $0 delivery fees and lower service fees on eligible orders for at least one year
- Activate by December 31, 2024.
- Complimentary access to DashPass (a membership for both DoorDash and Caviar) which entitles you to $0 delivery fees and lower service fees on eligible orders for at least one year
- Ennismore Hotel benefits
- Complimentary 4th night, late checkouts and more at Delano, Hyde, Mondrian, House of Originals and SLS hotels and resorts around the world.
Chase Sapphire Reserve®
Annual Fee: $550. ($75 for each authorized user.)
Points Earnings
- 10X on hotels and car rentals purchased through Chase Travel℠ (after the card’s annual $300 travel credit has been earned back)
- 10X on Lyft purchases through March 2025 (after the card’s annual $300 travel credit has been earned back)
- 10X on Chase dining purchases
- 5X on travel purchased through Chase Travel℠ (after the card’s annual $300 travel credit has been earned back)
- 10X on Peloton purchases
- Purchases must be over $150
- A maximum of 25,000 total points may be earned on this through March 31, 2025
- 3X on dining
- 3X on all other travel purchases (after the card’s annual $300 travel credit has been earned back)
- 1X all other purchases
Other Card Features:
- $300 annual credit for travel purchases charged to the card
- Priority Pass Select airport club lounge membership (enrollment required)
- Includes admission for cardholder and two guests to the new Chase Sapphire Lounges by The Club
- One-time statement credit of up to $100 every four years for Global Entry, or TSA PreCheck® or NEXUS fee credit charged to your card
- Chase Luxury Hotel & Resort Collection benefits
- Daily breakfast for two
- Special benefit worth up to $100
- i.e., resort credit, spa credit, etc. (determined by each property)
- Complimentary WiFi
- Room upgrade (if available)
- Early check-in and late check-out (if available)
- Instacart benefits
- Complimentary 12-month Instacart+ membership
- Earn up to $15 in statement credits each month through July 2024
- Activate by July 31, 2024
- DoorDash DashPass subscription
- Complimentary access to DashPass (a membership for both DoorDash and Caviar) which entitles you to $0 delivery fees and lower service fees on eligible orders for at least one year
- $5 in monthly DoorDash credit
- Activate by December 31, 2024.
- Ennismore Hotel benefits
- Complimentary 4th night, late checkouts and more at Delano, Hyde, Mondrian, House of Originals and SLS hotels and resorts around the world.
- VIP access
- Reserved by Sapphire
- Enjoy VIP access to sports, festivals, dining, and entertainment with exclusive lounges, early ticket sales, premium seating, and more.
- Reserved by Sapphire
- Private Dining Series
- Enjoy memorable meals at some of the most sought-after restaurants in the country.
Time to Set Sail!
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® both offer 60,000 bonus Chase Ultimate Rewards® points after you spend $4,000 on eligible purchases within three (3) months of being approved for card membership.. We love the Ultimate Rewards program because it features so many ways to redeem your points.
- Visit this page to learn how to apply for the Chase Sapphire Preferred® Card
- Visit this page to learn how to apply for the Chase Sapphire Reserve®
Advertiser Disclosure: Frequent Floaters is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
