The Chase Sapphire Preferred Got Even Better With a $900 Welcome Bonus
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If you’re looking for a new travel credit card, listen up.
Chase is offering a limited-time 75,000-point welcome bonus if you open a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® and spend $4,000 within three months.
“This is a strong bonus on an excellent card,” said Jason Steele, a credit card expert and CNET Expert Review Board member. “It’s not the highest ever, but it’s better than the standard offer on cards that should be in the wallets of anyone who wants to earn travel rewards.”
We don’t know how long the limited-time bonus will be around, but history tells us that it won’t be here forever. Here’s what to know about the boosted bonus and which cards qualify for it.
What is the new Chase welcome bonus?
Starting now, if you spend $4,000 on qualifying purchases within the first three months of opening a Sapphire Preferred or Sapphire Reserve card, you’ll receive 75,000 points. That means you’ll need to spend at least $1,334 per month to earn the bonus.
That’s a 15,000-point increase from Chase’s typical 60,000 bonus with the same spending requirement and timeframe.
“While we’ve seen slightly higher offers on the CSP in the past, there’s never a guarantee those will return, or if they do, when that will happen,” said Mark Reese, credit card expert and CNET ERB member. With summer vacation around the corner, this is a great opportunity to save hundreds on an upcoming trip.
To earn this bonus, you can pay your bills with your credit card to reach the bonus faster. Or you may be able to earn the bonus if you have a big purchase coming up that you already have the money set aside for, such as home renovations or travel.
Never overspend to earn a credit card welcome bonus. If you’re not able to pay off your balance in full each month, the interest you accrue could quickly wipe out any value you earn in rewards. If you can’t comfortably spend $1,334 per month, it’s not worth trying for this bonus.
About Chase’s premium travel cards
The Sapphire Preferred is already our top travel credit card pick. Beyond the welcome bonus, these two popular travel cards have some useful perks for booking a flight or taking a road trip. Have a plan in place for how you want to use the card before applying.
“Both of these cards have excellent travel insurance and purchase protection benefits,” Steele said. “The CSR even has paid roadside assistance and emergency evacuation coverage. Both have primary automobile insurance, along with trip delay and trip cancellation coverage.”
But there are big differences, such as the annual fee, cardholder credits and rewards rates — which can all make a big difference in the long run. Here’s a quick look at both cards and a comparison to help you determine which one is best for you.
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