The Chase Sapphire Preferred® Card just increased its welcome bonus to a sky-high 80,000-point offer. For a limited time, you’ll get 80,000 Chase Ultimate Rewards points — up to a $1,000 value — after you spend $4,000 within three months of account opening.
The Sapphire Preferred is already one of our top travel credit card picks, and the bonus only increases its value for travelers who want to maximize everyday spending for future trips.
But Chase offers many different redemption options for your Chase Ultimate Rewards points, and some have a greater value than others.
Here’s how you can score the 80,000-point bonus, and a few ways to ensure you get the maximum value on your redemptions:
As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.
Editor’s Score: (4.5/5)
Apply Now At
Editor’s Score: (4.5/5)
16.24% – 23.24% Variable
Recommended credit score:
670-850 (Good to Excellent)
5x on travel purchased through Chase Ultimate Rewards®. 3x on dining. 2x on all other travel purchases, plus more.
- Generous welcome offer
- Tiered bonus points categories
- 25% points boost when you redeem for travel through Chase Ultimate Rewards
- 1:1 point transfer at airline and hotel partners
- No foreign transaction fee
- $95 annual fee
- High APR
- Need to spend within bonus categories to maximize rewards
- Other cards have similar bonus categories with higher rewards rates
The Bottom Line
The Chase Sapphire Preferred is a tiered, points-earning rewards card geared toward frequent fliers. Its most valuable assets include a solid welcome bonus, premium points redemption options and access to Chase’s Pay Yourself Back program.
Additional Card Details
- 25% redemption boost on points redeemed for travel through Chase Ultimate Rewards or eligible statement credits via Pay Yourself Back
- Get 10% value of annual purchases back in points every account anniversary
- $50 in annual hotel credits toward hotel stays booked through Chase
- Primary auto rental collision damage waiver
- Travel protections
- Purchase protections
How to Earn the Chase Sapphire Preferred Welcome Bonus
To earn the 80k welcome offer, you’ll need to meet Chase’s minimum spending requirement of $4,000 within three months of account opening.
That’s equal to an average $1,334 over the first three months. Before you apply, look at your regular spending to determine if that’s already within your monthly budget. If not, you may consider waiting to apply until you’ve saved up to make a large purchase or book an upcoming vacation. Whatever you do, you shouldn’t overspend simply to qualify for a welcome offer. The interest you’ll accrue on any revolving balance can quickly outpace any value you’ll gain from the bonus.
The purchases you make toward your bonus will also help you earn rewards, depending on where you spend. The Sapphire Preferred has tiered bonus rewards, across both travel and everyday categories. Here’s what you’ll earn:
- 5X on travel booked with Chase Ultimate Rewards portal
- 3X on dining (including takeout and delivery)
- 3X on online grocery purchases
- 3X on select streaming services
- 2X on all other travel purchases
- 1X points on all other purchases
The Best Ways to Use Your Chase Sapphire Preferred Welcome Bonus
You can redeem your Chase Sapphire Preferred bonus points a few ways. The Sapphire Preferred Card’s 80,000-point welcome offer can be worth up to $1,000 in value, but you’ll only get that with some redemption options.
If you choose to redeem your points for statement credits toward your account, cash back, gift cards, or to make online purchases, you may only get less than one cent per point. Here are a few redemption options that can better maximize your rewards:
Book Travel Through Chase Ultimate Rewards
One of the most lucrative ways to use points you earn with the Chase Sapphire Preferred Card is toward travel booked through Chase Ultimate Rewards. There are no restrictions or blackout dates when you book with the portal, you’ll get a redemption value of 1.25 cents per point.
That 25% boost on the value of your points means you could use your 80,000 bonus points to book $1,000 worth of travel — including airfare and hotels — through the Chase portal.
The Chase Sapphire Preferred Card includes $50 in annual hotel credits toward hotel stays booked through Chase, which can help you save even more on hotel stays each year.
Transfer to Airline Partners
Another way to maximize points is with Chase’s numerous travel partners. You can transfer your points at a 1:1 ratio with Chase’s airline partners, which include:
- Aer Lingus
- Air Canada
- British Airways
- Flying Blue (Air France and KLM)
- Singapore Airlines
- United Airlines
- Virgin Atlantic
Some airlines have blackout dates, and the redemption value will vary based on the airline loyalty program, as well as your itinerary and travel destination. Here are a couple examples of what you could get with airline transfer partners:
Say you live in Charlotte, NC and want to take a friend to Disney World from Sept. 2 through Sept. 5. You can transfer your points to Southwest Airlines at a 1:1 value, and book two seats on the flights below for 83,350 points (not including taxes and fees).
Alternatively, say you live in Chicago and want to book a long weekend solo trip to Miami with JetBlue Airlines, another travel partner. Between Oct. 28 and Oct. 31, you could book a round trip flight for only 37,700 points total (plus taxes and fees):
Transfer to Hotel Partners
Chase also has three hotel partners — World of Hyatt, IHG Rewards Club, and Marriott Bonvoy — to which you can also redeem points at a 1:1 ratio. Here’s an example of how you can use your bonus points with hotel partners:
Over the same September trip to Orlando, FL, you could transfer your remaining points to your Hyatt account to use toward your stay. Currently the Hyatt House, across from Universal Orlando Resort, offers a studio suite with a kitchen for 9,000 points per night over the same weekend dates.
If you’re eyeing a luxury resort or brand new hotel, you can save up and redeem your points for an experience that may otherwise cost you hundreds of dollars per night. Or you could use a portion of points toward a free night to extend your vacation. Here are a few ways to redeem your points for a weekend getaway.
Here are just a couple examples of luxury international hotel redemptions available from Chase’s hotel partners for the upcoming week between June 8 and 11:
- The Regent Singapore for 38,000 IHG points per night (totaling 114,000 points)
- The Hana-Maui Resort in Hawaii for 30,000 Hyatt points per night (totaling 90,000 points)
Chase’s Pay Yourself Back Program
During the pandemic, Chase introduced Pay Yourself Back as a way to take advantage of the Sapphire Preferred’s 25% points boost on non-travel redemptions. Currently, there are two different Pay Yourself Back options Chase Sapphire Preferred cardholders can choose from:
First, you can redeem points at a value of 1.25 cents per point toward Airbnbs purchases on your card statement. So, if you’re booking a summer vacation, you may be able to stretch your value when you redeem your points towards an Airbnb stay. Airbnb is an eligible Pay Yourself Back category through June 30, 2022.
The other Pay Yourself Back option — through Dec. 31, 2022 — is select charities. You can redeem points at a 25% boosted value when you use your card to make purchases with eligible charities, including the American Red Cross, Habitat for Humanity, NAACP Legal Defense and Education Fund, World Central Kitchen, and more.