This offer is no longer available.
Two of the most popular travel rewards credit cards, Chase Sapphire Preferred® and Chase Sapphire Reserve®, just bumped their welcome bonus from 60,000 to 75,000 points. This makes the bonus worth $750 in cold cash—even more if you redeem the points for travel. For example, depending on which card you choose, you can get up to $2,000 worth of air travel on Iberia Airlines, enough for two round-trip flights from New York to Madrid, Spain.
Offer ending June 13, 2024, 7 AM EST!
New cardholders applying here will receive 75,000 Chase Ultimate Rewards points after spending $4,000 on purchases within the first three months on your newly opened Chase Sapphire Preferred® or Chase Sapphire Reserve® credit cards. This is a 15,000-point increase from Chase’s previous welcome bonus offer. This offer ends on June 13, 2024 at 7 AM EST. Don't miss it!
What they’re worth
The value of this reward varies depending on how you use it. If you want Chase to cut you a check, your bonus points are worth $0.01 each, for a total of $750. Choose to redeem your points for travel and the amount jumps to $900 with the Chase Sapphire Preferred card, while it hits $1,125 if you go for the Chase Sapphire Reserve.
Loyalty programs offer even more value
Chase’s 14 loyalty program partners, including 11 airlines and three hotel chains, can increase the value of your bonus points even more. For example:
- Transfer your 75,000 bonus points to Hyatt for an astounding 2.3 cents per point, good for $1,725 worth of luxury hotel accommodations.
- Cash those points in with Southwest for 1.5 cents each for $1,125 in flights, which is enough to fly you and a travel companion from Cincinnati to Los Angeles and back.
- If you prefer gift cards or merchandise, both are available using your Chase Ultimate Rewards points.
More value after the bonus
Both the Chase Sapphire Preferred® and Chase Sapphire Reserve® are travel-friendly credit cards. If you spend at least a moderate amount of time flying, in a hotel, or driving a rental car, your Chase Sapphire card can pay off.
Chase Sapphire Preferred®
Chase Sapphire Preferred® Card
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Chase Sapphire Preferred® Card
Credit score needed
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Annual fees
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Welcome offer
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Why we like it:
This card offers many different options for points redemption, so it’s great for cardholders who want flexibility. If you travel or stay with any of the partner airlines or hotels, this can be a good way to take advantage of loyalty programs and redeem points directly for even more value.
Product details:
Introductory Offer:
- Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months from account opening. That’s equivalent to $750 when redeemed through Chase Travel℠.
Card Rewards:
- 5x points on travel booked through Chase Travel℠.
- 3x points on dining, select streaming services, and online groceries.
- 2x points on all other travel purchases.
- 1x points on all other purchases.
Additional Benefits:
- $50 Annual Chase Travel Hotel Credit and more.
- Get 25% more value when redeeming points for airfare, hotels, car rentals, and cruises through Chase Travel℠. For instance, 60,000 points are worth $750 toward travel.
- Trip Cancellation/Interruption Insurance
- Auto Rental Collision Damage Waiver
- Lost Luggage Insurance
- Complimentary DashPass Access: Enjoy $0 delivery fees and lower service fees for at least one year when activated by December 31, 2027.
Member FDIC
- Includes up to a $50 annual statement credit for reimbursem*nt of prepaid hotels booked through Chase Travel.
- Offers 10% in bonus points each year on your card-activation anniversary.
- Increases point value by 25% when you book through Chase Travel.
- Offers up to 5x reward points depending on the type of purchase.
- Includes excellent travel insurance.
Chase Sapphire Reserve®
Chase Sapphire Reserve® Card
Learn More
Chase Sapphire Reserve® Card
Credit score needed
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Annual fees
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Welcome offer
bonus_miles_full
Why we like it:
This card's generous benefits and flexible Chase Ultimate Rewards points make it an excellent deal for those who can use them. Users get a Priority Pass Select airport lounge membership (retail value $469), a $300 annual travel credit that applies to travel purchases each year, 50% more value when redeeming their rewards for travel through Chase, a fee credit toward Global Entry or TSA PreCheck membership, and a generous suite of travel insurance benefits.
Product details:
Introductory Offer:
- Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months from account opening and redeem them through ChaseTravel℠ for $900 toward travel.
Card Rewards:
- Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ after the first $300 is spent on travel purchases annually.
- Earn 3x points on other travel and dining, and 1 point per $1 spent on all other purchases.
Additional Benefits:
- Annual Travel Credit: Receive $300 as reimbursem*nt for travel purchases charged to your card each account anniversary year.
- Get 50% more value when you redeem points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
- Get complimentary access to DashPass that comes with $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- Point Transfer: 1:1 point transfer to leading airline and hotel loyalty programs.
- Airport Lounge Access: Access to 1,300+ airport lounges worldwide after a one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®.
- Travel Protections: Includes Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance, and more.
Member FDIC
- Features up to $300 in annual statement credits.
- Bumps point value up by 50% for travel booked through Chase Travel.
- Includes access to more than 1,300 airport lounges worldwide.
- Offers up to $100 in statement credits to offset the cost of a five-year membership to Global Entry, TSA PreCheck, or NEXUS.
- Offers up to 10x rewards, depending on purchase type.
- Includes top-tier travel insurance.
Both cards also include benefits from DoorDash, Instacart, and Peloton.
How to qualify for the cards
First, you won’t be approved for either of these cards if you:
- Currently hold either Sapphire card.
- Have earned a Sapphire bonus in the past 48 months.
Beyond that you will need good to excellent credit, depending on the card, to be approved.
Mind the terms and conditions
These cards are not free; they both have annual membership fees that can’t be waived. That said, if you use your card enough, the welcome bonus and annual perks could more than make up for the $95 annual membership fee for the Sapphire Preferred® card and the $550 fee for Sapphire Reserve®.
With interest rates ranging from 21.49% to 29.49%, neither card provides much value if you maintain a balance. Make sure you are in a position to pay off your balance monthly before you apply.
TIME Stamp: An excellent bonus deal—if you qualify
As our reviews indicate, if your credit is good to excellent and you can pay off your balance every month, the Chase Sapphire Preferred and Chase Sapphire Reserve rewards credit cards offer an unusually attractive welcome bonus and an ongoing rewards program that merits a second look.
As with most welcome bonus offers, this one is for new customers only. People who currently hold a Sapphire card—or have received a bonus in the past four years—are not eligible. As with all credit cards, read the fine print and note any and all restrictions that might apply to you.
The information presented here is created by TIME Stamped and overseen by TIME editorial staff. To learn more, see our About Us page.
