Chase has upped the signup bonus on its Sapphire Preferred credit card to 60,000 Ultimate Rewards points after spending $4,000 on purchases in the first 3 months. With this increased bonus, the annual fee of $95 is not waived for the first year. The normal bonus is 50,000 points after spending $4,000 in 3 months with no annual fee the first year.
Referral links like mine on the menu above still offer the prior 50k waived annual fee version of the card. The following application link is not a referral link. You may need to refresh your browser to see the updated bonus.
Effectively, this new offer is like spending $95 for 10,000 Ultimate Rewards points. That’s a good deal even if you plan to redeem UR points for cash. At the same time, there are those who, in principle, refuse to sign up for a card that carries an annual fee, regardless of value.
So far, there’s been no indication from Chase if this is a permanent change, or simply temporary.
HT: Reddit user ramonortiz55
Chase Sapphire Preferred® credit card
50,00060,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- 5,000 bonus points after you add the first authorized user and make your first purchase in the first 3 months from account opening.
- 2x Points on Travel and Dining
$0 introductory annual fee for the first year, then$95 per year
This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 24 months.