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.
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
- 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- 2x Points on Travel and Dining
- Complimentary DoorDash DashPass subscription for a minimum of 1 year
- No Foreign Transaction Fees
- $95 Annual Fee
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 48 months.