It's Over: Chase Sapphire Preferred 80K Bonus Has Ended
chase sapphire preferred 80k bonus

It’s Over: Chase Sapphire Preferred 80K Bonus Has Ended

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Editors Note: Some of the offers mentioned are no longer available. Please see our Top Credit Cards page for current offers. 

Chase jolted the travel world last month when it rolled out a new 80,000-point welcome bonus on the already-stellar Chase Sapphire Preferred Card after spending $4,000 within three months. That’s the biggest offer we’ve seen on this popular card, up from the norm of 60,000 points. But like all good things in life, it couldn’t last forever.

As promised, Chase has pulled this offer for the Chase Sapphire Preferred. Oddly, Chase had said it would end Nov. 8 but it actually lasted well into Monday, Nov. 9. But it has now disappeared. And there’s no guarantee this massive bonus ever returns.

That’s why we urged (repeatedly) any and all aspiring travelers who hadn’t already picked up this card to give it strong consideration. This bonus could easily unlock at least $1,000 in free flights, hotels, and other travel by booking through Chase’s easy-to-use travel portal. But you can squeeze far more value out of these points by transferring them to Chase’s airline and hotel partners.

Read our guide on the best ways to use these 80,000 points for free travel!

We’ve long considered the Chase Sapphire Preferred Card the best place to start collecting points and miles. With this bigger bonus and benefits like travel insurance, car rental coverage, and no foreign transaction fees, it’s clearly the best travel rewards card on the market right now – period. And with a low annual fee of $95, it’s an approachable card that should be a mainstay in every traveler’s wallet.
 

Chase Transfer Bonus British Airways

 

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

 

Keep reading for more information on this Chase Sapphire Preferred 80K bonus and a full breakdown of all the benefits provided by the Chase Sapphire Preferred Card.

 

Breaking Down the Chase Sapphire Preferred 80K Bonus

You’ll receive 80,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months of card membership. That is worth at least $1,000 toward travel or certain everyday purchases when you redeem the points through the Chase Ultimate Rewards portal or use the Chase Pay Yourself Back feature.

And considering the card only has an annual fee of $95, you’ll come out way ahead in your first year of card membership. There’s really no better bonus available at such a reasonable price.

Read our Master Guide to Earning and Using Chase Ultimate Rewards Points. 

 

Use Points to Book Travel For 1.25 Cents Each

When you redeem your points through the Chase Ultimate Rewards portal, each point will be worth 1.25 cents. That means when you use the points for flights, hotels, rental cars, cruises, and more, the 80,000 point sign-up bonus is worth at least $1,000.

Read up on how to book flight deals through the Chase travel portal.

 

Transfer Ultimate Rewards Points to Travel Partners

If you want to get even more value out of your points, you can transfer them to one of Chase’s 13 travel partners on a 1:1 basis. That means 1 Chase Ultimate Rewards point equals 1 point in any of the programs listed below. So 80,000 Ultimate Rewards points equals 80,000 World of Hyatt points, 80,000 United Miles, or even 80,000 Southwest Airlines Rapid Rewards points.

The choice is yours.
 

Chase Ultimate Rewards Transfer Partners

ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
EmiratesAirline1:1Instant
Iberia PlusAirline1:1Instant
JetBlueAirline1:1Instant
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

 

Utilizing Chase’s amazing transfer partners is the key to booking bucket list travel, including business and first-class flights for pennies on the dollar.

Read more: How to Transfer Chase Ultimate Rewards Points to Partner Airlines

 

Earn Bonus Points for Certain Purchases

Outside of this bigger bonus, everything else on the Chase Sapphire Preferred Card is staying much the same.

For starters, you will earn 2x points per dollar spent on all travel and dining purchases and 1 point per dollar on all other spending. You’ll also earn 5x points per dollar spent on Lyft rides through March of 2022.

Chase Transfer Bonus British Airways

 

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

 

Use Chase Points to Pay Yourself Back for Everyday Purchases

With most travel currently on pause, Chase recently rolled out the ability to use points for everyday purchases at grocery stores, home improvement stores, restaurants, and even Target. This new feature was supposed to lapse Sept. 30, but Chase recently extended it through April 2021.

It’s called Pay Yourself Back, and when you use your points this way, they will have the same value as they do through the Chase Ultimate Rewards travel portal. Each point is worth 1.25 cents, so 80,000 points are worth $1,000.

 

 

Travel Insurance Benefits

The Chase Sapphire Preferred also includes primary rental car insurance. That means 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.

The card also offers Trip Cancellation/Trip Interruption Insurance. So if your trip is cut short or interrupted by sickness and/or severe weather, you will be reimbursed for pre-paid, non-refundable 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.

You’ll also get baggage delay coverage. 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.)

Read more about the travel insurance benefits offered at Chase’s website.

 

Things to Consider Before Applying

First things first: You shouldn’t open this card (or any credit card) if you can’t do so without getting into debt. We are huge advocates of financial responsibility and if you can’t spend $4,000 in 3 months without paying the bill, you should pass on this offer. That said, it is an incredible offer if you can pay your bill on-time and in full each and every month.

Thinking about applying for this huge new offer on the Chase Sapphire Preferred Card? There are a few things you’ll need to be aware of first.

First, if you already have the Chase Sapphire Reserve, or you have earned a sign-up bonus on either the Chase Sapphire Reserve or Chase Sapphire Preferred Card within the last 48 months (4 years) you will not be eligible to earn the bonus.

And if you have applied for and been approved for five or more credit cards in the last 24 months, from any bank – not just Chase, you also will not be approved for this new offer, either. It’s called the Chase 5/24 rule and it’s something you will want to be familiar with before applying.

While applying for five or more credit cards might sound insane, it just makes it important to prioritize Chase credit cards over their competitors. And there’s no better place to start than with the Chase Sapphire Preferred Card.

Finally, if you recently applied for the Chase Sapphire Preferred Card when the bonus offer was at 60,000 points for the same $4,000 spending requirement, you should absolutely reach out to Chase by either direct message or calling the number on the back of your credit card.

They are generally pretty good about matching new offers so long as you applied for the card in the last 90 days. But, we have heard many reports of Chase denying the match for the extra 20,000 points.

 

Our Analysis

The Chase Sapphire Preferred Card has long been one of the best cards in the world of points and miles – especially for beginners. Today, that’s indisputably true.

In fact, it’s better than ever. The current 80,000-point welcome bonus is an increase from its previous bonus of 60,000 points and the highest-ever publicly available bonus we’ve seen on the Chase Sapphire Preferred. And there’s no telling how long this bigger bonus will be available, so don’t wait if you are thinking about taking advantage.

But what does 80,000 points really mean? That’s a ton of free travel.

With that bonus, you could book a trip for two to Hawaii – and still have tons of points left over. This bonus could even get you a business class seat in the amazing new Delta One suites to Europe or Asia.

 

chase sapphire preferred 80k bonus

Add in the different perks you get with the card, and this card will be easily worth the $95 annual fee for almost any traveler.

 

Bottom Line

Others came close before, but there was simply no better card to dip your toe into the world of points and miles and get some incredible free travel than the Chase Sapphire Preferred Card.

Even with the standard 60,000 point bonus, the Chase Sapphire Preferred Card was tough to beat. With 80,000 points on the table, it was unbeatable.

 

Chase Transfer Bonus British Airways 

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

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: 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.

11 Responses

  • I called Chase today and they will not allow me to get the new promo. I have only had my card for about a month. The new promo specifically states that it is valid only for applications submitted by Sept. 13. I was hoping that if you could let your subscribers know if they get enough complaints that they will review this policy.

    • Hi Kathleen, I would hold tight for a few days (or up to a week) and try again. This is typical with banks – sometimes it takes a few days for the correct policy to filter out. We hope and have faith that Chase will ultimately honor this new 80K bonus for recent applicants.

  • I received my bonus for Chase Sapphire Reserve on January 3rd 2017, therefore I was thinking that I can apply now, meet my spend after January 3rd 2021 and receive the bonus, but Chase told me that I won’t qualify for the bonus. So I have to wait until January 4th, 2021 to apply, hope that this offer will be available then.

  • If i am not sure about exact 48 months since last bonus received (could be anywhere from 36 to 50 months), and if i apply, will i be approved of card if less than 48 months or will be auto-rejected if less than 48 months? Please confirm.

    Any chance i would be approved if less than 48 months since last bonus (2/24 for cards applied) but not get bonus despite approved since it has not been 48 months?

    Please reply ASAP

    • To my knowledge, you wouldn’t be approved. I would suggest calling Chase to see if they can give you more information about when you last earned a UR points bonus.

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