We've long considered the Chase Sapphire Preferred® Card the best travel credit card for beginners, bar none. But with a handful of significant tweaks and new perks in the last year, this card has quietly gotten even better.
Sure it all starts with a massive welcome bonus: 60,000 points after spending $4,000 within the first three months. But the Sapphire Preferred Card earns more points on everyday spending, too. You now get 3x points per dollar on dining (was 2x), 3x points per dollar for online grocery purchases (was 1x), 3x points per dollar on select streaming services (was 1x), 5x points per dollar on travel purchased through the Chase travel portal (previously 1x), and still gets 2x points per dollar spent on all other travel purchases.
Those are some decent improvements on top of already stellar benefits like the Sapphire Preferred's travel insurance – and all without raising the card's $95 annual fee, to boot. But one brand new perk stands out among them all: The new Chase Sapphire Preferred Hotel Credit.
Every year, Sapphire Preferred cardholders now get a $50 annual credit to use towards booking a hotel through the Chase Ultimate Rewards travel portal. And really, it's as simple as it sounds.
Let's take a closer look at this new benefit and how you can use it to help offset part of your annual fee.
Related reading: 5 Ways to Use Chase Ultimate Rewards Points to Book Hotels
Click Here to learn more about the Chase Sapphire Preferred Card.
What is the New Chase Sapphire Preferred $50 Hotel Credit?
As of mid-August 2021, the Chase Sapphire Preferred Card now offers a $50 credit to both new and existing cardholders each year that can be used towards booking a hotel through the Chase Ultimate Rewards travel portal.
To take advantage, all you need to do is use your Sapphire Preferred Card to book and pay for a hotel stay through the Chase travel portal and you will receive an automatic statement credit for up to $50 each year. This credit follows your account member year instead of the calendar year. So for example, if you opened your Chase Sapphire Preferred Card in September, you would receive a new $50 hotel credit each year after renewing your account in September.
Here's what you need to know:
- You must book your hotel through the Chase travel portal to get this $50 credit
- Unlike other credit cards offering benefits like this, there is no minimum spend or length of stay requirement
- No registration is required! This statement credit kicks in automatically
However, one important note is that existing Chase Sapphire Preferred cardholders who had the card before August 2021 will not receive this benefit until their next renewal date. So if you opened your Preferred Card in June of 2019 (or 2020 … or even 2021), you won't get your first hotel credit until your card renews again in June 2022.
But if you opened the Sapphire Preferred Card on or after Aug. 16, 2021, you should have immediate access to this new benefit … if you haven't used it already.
Thinking of opening a new Chase Sapphire Preferred Card soon to get that 60,000-point bonus? You'll get this hotel credit right away, too.
How to Use the Chase Sapphire Preferred Hotel Credit
When you are ready to put your Chase Sapphire Preferred hotel credit o use, simply log in to your online Chase account and navigate to the Ultimate Rewards section. From here, select the “Travel” section.
Chase's Ultimate Rewards Travel Portal is powered by CXLoyalty. That means any search you make through the Chase travel portal will generally yield the same result as bookings made through many online travel agencies (OTAs) – more on this later.
Once you have clicked on the “Travel” section, navigate to the “Hotels” tab highlighted in red.
Enter the city you're looking to stay, check-in and out dates, the number of rooms, and number of occupants.
Once you select your hotel, continue through the booking process. During the process, you'll have the ability to pay with Chase Ultimate Rewards points or with cash. Chase allows you to apply any amount of points you have to your booking, or you can select “save my points for later” and opt not to use any.
If you are using points and cash, make sure the cash balance is at least $50 if you plan to use your Sapphire Preferred hotel credit. If you book only with points, you won't earn back that $50 statement credit.
Once the charge hits your statement, Chase will automatically credit you up to $50 for your stay each year.
Tips for Using the Sapphire Preferred Hotel Credit
There are a few things to be aware of when you are looking to use your Chase Sapphire Preferred $50 hotel credit.
The first of which is that since the Chase Travel Portal is classified as an online travel agency, the hotel will consider it a third-party reservation. That means if you are looking to book at a hotel where you have some level of elite status, the hotel will likely not honor your status – and you will also not earn points or receive other elite benefits.
Because of that, we recommend using your $50 Chase Sapphire Preferred hotel credit at hotels not associated with a large chain like Marriott, Hyatt, Hilton, IHG, etc. where you would be forgoing elite benefits or the ability to earn points by booking through Chase.
A perfect example of this is the Kempinksi Hotel in Berchtesgaden, Germany. Since the hotel is not part of a major U.S.-based hotel chain, it is a great option for your $50 credit.
You won't be forgoing any benefits for booking, and it can help reduce your overall cost.
Related reading: Everything You Need to Know About Online Travel Agencies (OTAs)
The new $50 Chase Sapphire Preferred hotel credit is a great benefit – especially on a card with an annual fee of only $95. If you held the Sapphire Preferred before August 16, 2021, you'll get your credit on your next card renewal date.
Maximize the credit by using it for stays at independent properties that are not a part of a large hotel group where it is possible to use other points or earn and use elite status benefits. But no matter how you use it, just be sure to use it each year!
I downgraded from the Reserve to the Preferred a couple of weeks ago but when I look in my account, I see nothing stating that I get the $50 hotel credit. I just passed my Reserve anniversary which is why I downgraded when I did. Do I still get the credit or will I have to wait until next year for it?
Once your new $95 annual fee is charged, it should be available. You may have to wait until the statement closes.
Well worth going to the Kempinksi Hotel in Berchtesgaden, Germany to get my $50 credit. That’s for sure. I can’t sacrifice not getting my 200 points at the Marriot for one night.
Older card holder – Will we automatically get the credit in June if we book a room today for May?
It will depend on when your last renewal was. When did you last pay your $95 annual fee?
Renewal was March 1st 2022.
Fee applied was 3/1/22.
You should be all set to use the credit this year.
Will reservation be cancelled if I cancel my card before my stay?
Shouldn’t be an issue.
Your blog seems to be the only one I can find anywhere that explicitly mentions using cash AND POINTS in the booking (but of course spending at least the $50 in cash). i would love to do this for an upcoming booking. Has this been tested/verified? Thanks much.
I have not personally tested this but I can’t imagine why it wouldn’t work. As long as there is a charge of $50, the credit should automatically trigger. There would be no way to know if points were also used on that booking.
Confirmed. I used points to cover half my stay and paid the remaining $170-ish dollars. $50 credit posted in about a week.
If you use the $50 credit, you do not earn 5X points on that purchase, correct? Does that get reduced to 2X?
Is there a way to opt out of the hotel credit, so it can be used at a later time of your choosing? I’m thinking of saving it for a one night stay, as opposed to using on a longer stay.
I don’t believe there is a way to opt out. It just triggers automatically once you make a charge.
$50 Annual Ultimate Rewards Hotel Credit
Access this benefit after your statement closing date following your next account anniversary on 07/23/2022
The membership fee will post on 8/1/22 and the next statement closing date will be on 8/23/22
Question: Will the reservation made on 7/23/22 triggered the $50 credit?
Or should I make the reservation after 8/1/22?
Or after 8/23/22?
It should be available on 7/23. That said, if you can wait until 8/1, that might be wise.
Got it, tks. Will wait till 8/1 and update result later.
I just booked a couple of nights for a work trip in October at a Hilton hotel. While you can’t enter your Hilton Honors info when booking the travel through Chase, you can call the hotel and have them manually add the info. Win-win for the credit and getting your hotel points.
Is this benefit still valid? I find no mention of it on the UR benefits page. Thanks!
It is still valid. You’ll see mention of it on the card application pages, but sometimes they make these things difficult to find for existing cardholders.
Thank you Nick!!
If you already received the credit before your check inn date, and would like to change/cancel the reservation and book again(different hotel/different date) would you get the credit again?