BIG: New, Highest-Ever 60K Bonus on the Chase Sapphire Preferred

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For more information check out our Advertising Disclosure.

This is big news. Chase on Tuesday announced an increased welcome offer bonus on the Chase Sapphire Preferred Card. You can now earn 60,000 Chase Ultimate Rewards points after spending $4,000 in the first three months, which is the largest bonus ever publicly offered on this great card!

The Chase Sapphire Preferred card has long been one of our favorite travel rewards credit cards and is our top pick for travelers just getting started with points and miles. The card has an annual fee of $95. And though that’s typically waived in the first year, the tradeoff for this highest-ever bonus is that you’ll have to pay the $95 annual fee in year one. 



Click Here to get more information about the Chase Sapphire Preferred Card. 


Full Benefits Of The Chase Sapphire Preferred Card

  • Sign-Up Bonus of 60,000 Chase Ultimate Rewards points: After you spend $4,000 in the first three months of opening the card. That’s worth at least $750 toward travel when you redeem the points through the Chase Ultimate Rewards portal. You can actually buy our flight deals with the points. You can also transfer these points to a number of partners, to easily find even more value. For more information on how these points can be used, see our top 5 redemptions for Ultimate Rewards Points.
  • Redeem Chase Ultimate Rewards Points For 1.25 Cents Per Point:  One of the best benefits of this card – Get 25% more value when you redeem your points for airfare, hotels, car rentals, etc. through Chase Ultimate Rewards. The 60,000 point sign-up bonus is worth $750 toward travel. Again, we recommend booking flight deals with the points, but there are so many great ways to use this highest-ever bonus.
  • Earn 2x Points On Travel And Restaurants Worldwide: You will earn 2x points on all travel and restaurant dining purchases and 1x points per dollar on all other purchases. There are also no foreign transaction fees.
  • Primary Car Rental Insurance: When you charge your car rental to the Chase Sapphire Preferred card, you are able to decline the insurance from the rental company and be covered up to $75,000 for theft and/or collision damage.
  • Trip Cancellation/Trip Interruption Insurance: If your trip is cut short or interrupted by sickness and/or severe weather, you will be reimbursed for pre-paid, nonrefundable travel expenses (airfare, tours, etc.) up to $10,000 per trip. This is available to the cardholder, traveling companion or immediate family member when you pay for the trip with the Sapphire Preferred Card.
  • Baggage Delay Insurance — If your checked baggage is delayed by more than six hours, you will be reimbursed $100 per day for up to five days for essential purchases (clothing, toiletries, etc.)
  • Extended Warranty Protection: Receive an additional year of coverage on eligible purchases with a manufacturer’s warranty of three years or less. This is a great way to add additional protection to expensive electronics, among other items.
  • Purchase Protection: Personal property protection from theft or damage. If something happens to an item within 120 days of purchase, it will be repaired or replaced for a value of up to $500.
  • Click Here to get more information about the Chase Sapphire Preferred Card. 


Transfer Ultimate Rewards Points to Partner Airlines

Not only can you use your Chase Ultimate Rewards points to book travel directly through the Chase portal, but you can also transfer them to Chase’s excellent transfer partners. With 10 airline and three hotel partners, Ultimate Rewards are a must for any frequent flyer. Read our guide for the rundown on how to transfer your Ultimate Rewards points to partners. Here are your options:


ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
Iberia PlusAirline1:1Instant
Singapore AirAirline1:112-24 hours
Southwest AirlinesAirline1:1Instant
United AirlinesAirline1:1Instant
Virgin AtlanticAirline1:1Instant
World of HyattHotel1:1Instant
IHGHotel1:11 day
Marriott RewardsHotel1:12 days


Our Analysis

The Chase Sapphire Preferred Card was already an outstanding card. With this larger welcome offer of 60,000 Ultimate Rewards points, you won’t find a card that offers more bang for your buck. The card is subject to Chase’s 5/24 rule so you will need to consider that before applying.

The one downside of this offer is that the $95 annual fee is not waived for the first year of card membership, as is the case with the standard offer. However, the additional 10,000 points are well worth the upfront $95 cost as they can be redeemed for up to another $125 in travel expenses.

Chase hasn’t specified when this offer will end, so there’s no telling if it may disappear or if this 60,000-point offer will be permanent. Still, apply soon if you want to get that 60,000-point bonus.

Beware: If you already have the Chase Sapphire Reserve card, you will not be eligible to apply for this card. You can only earn a bonus from the Sapphire family of cards once every 48 months.


Bottom Line

If you don’t have a Chase Sapphire card, this is the best opportunity to get it and dive into the world of miles and points. The welcome offer bonus of 60,000 points after spending $4,000 in the first three months of card membership is the highest offer we have seen on this card.

That’s worth at least $750 in travel – and much more if you play your cards right with a smart transfer.

Click Here to get more information about the Chase Sapphire Preferred Card. 


Subscribe to our Newsletter, like us on Facebook, and follow us on Twitter & Instagram

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

The responses below 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.

Leave a Reply

Your email address will not be published. Required fields are marked *