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For Real: 80,000 Bonus Points for Chase Sapphire Preferred Approvals

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Well, Chase is certainly having a big week.

First, they launched the impressive, new Chase Freedom Flex. And they added some pretty neat bells and whistles to the Chase Freedom Unlimted.

Then Chase completed a trifecta of fun news and announced a new welcome offer for the Chase Sapphire Preferred: 80,000 bonus Ultimate Rewards points for new approvals who spend $4,000 on purchases within three months of being approved. (Up from 60,000 bonus points.)

80,000 Chase Ultimate Rewards points is worth at least $1,000 on travel when redeemed through the Ultimate Rewards travel site.

Goodness, gracious. I’m curious if they have anything else up their sleeves for this week! 😉

But, but, but… !

The pearl-clutching “But It Has an Annual Fee!” debit card-loving catastrophists who complain they never travel anywhere fun will cite the card’s $95 annual fee.

Sure, fine. I understand. That’s fair if you don’t responsibly manage your credit. (Read my story about how I learned the hard way but now can take my daughter almost anywhere she wants to go.)

Stop panicking!
(©iStock.com/AntonioGuillem)

But as I pointed out, the 80,000 bonus points are worth a thousand bucks in travel.

I’m no math whiz, but I bet you can find something to do with $1,000 worth of travel points within ten years — which is how long it’d take you to break even on the bonus points alone.

💔 Quick Disqualifer💔

As I like to say: you should hear this from a friend.

If you want to be approved for the Chase Sapphire Preferred, there are three criteria you must meet:

  • Be under 5/24.
  • Not be a current Chase Sapphire Preferred cardholder
  • Not be a current Chase Sapphire Reserve cardholder

And at least 48 months must have passed since you last received a new cardholders bonus for the Sapphire Preferred or Sapphire Reserve card.

Don’t freak out yet. If your spouse, partner, or other trusted person is eligible…  😉

The Chase Sapphire Preferred

Beginners Welcome!

The Chase Sapphire Preferred is a good “starter” card for people dipping their does into the points and miles shallow end — if you can responsibly pay it off every month.

And I think Chase is very cognizant of that.

Sunset over the San Francisco Bay Area after departing SFO.

Will it score you airport lounge access? No.

First class seats? Maybe domestically in the United States.

(But if you want a card that gives you some of those perks, you’re gonna pay.)

The $95 annual fee doesn’t cost an arm and a leg. The bonus category points aren’t OMG! exciting — but I think you get some good bang for your buck (or 95) with this card if you’re just starting out in the hobby. (Or need to top off your Ultimate Rewards balance.)

Bottom line for beginners: you’re better off spending $95/year for 1-3 years to see if Points and Miles is something you can sustain. Imagine dropping $1800 for “free” airport lounge access you never use.

The Chase Sapphire Preferred travel rewards credit card.
Learn how to apply for the Chase Sapphire Preferred Visa Signature Card.

Wait — a $1,000 Worth of Travel?!

Yup. A grand. One large.

Chase Sapphire Preferred cardholders can redeem Ultimate Rewards points for travel — and do so at 1.25 cents per point when booking through Chase. So 80,000 points = $1,000.

(FWIW, Chase Sapphire Reserve members can redeem them for 1.5 cents per.)

You can really take advantage of this if you transfer points from other cards (i.e. Chase Freedom Flex or Chase Freedom Unlimted) to your Chase Sapphire Preferred or Reserve card’s Ultimate Rewards.

Barring that, you can transfer points to a number of Chase Ultimate Rewards partners.

The Strings by InterContinental Tokyo
The Strings by InterContinental Tokyo. IHG is a Chase Ultimate Rewards partner.

Bonus Categories

The Chase Sapphire Preferred offers some decent — admittedly, not all are fantastic — bonus categories:

  • 5X total points on Lyft rides through March 2022.
  • 2X points on travel — which encompasses a lot: airfare, parking, hotels, rideshare, taxis… You get the idea.
  • 2X on dining: restaurants worldwide, eligible delivery services, takeout
  • 1X on everywhere else

Free Delivery from DoorDash!

Chase teamed up with DoorDash to offer $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass (DoorDash‘s subscription service) You must activate the perk before 12/31/2021. (Here’s our guide how to do that.)

A man eats Chinese food take out or delivery, perhaps from Uber Eats or GrubHub.
(©iStock.com/Rawpixel)

How Long is the Chase Sapphire Preferred Offer Available?

We weren’t told when this offer will expire. With Chase, we generally receive a very limited heads-up. (Oh, hi! So, card X’s welcome offer expires in 48 hours.) Moral of the story: don’t dawdle. If I were eligible for a Chase Sapphire card (or any Chase card #524stinks), I’d be all over this.

— Chris

Featured image: ©iStock.com/Damir Khabirov; Rene’s Points composite. Model is used for illustrative purposes only and no endorsement is implied.

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


Responses 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.

5 Comments

  1. Your pictures are massive, distracting, cheezy and embarassing. Why not stick to the content? I guess maybe that’s what people like these days.

  2. Can I apply for a sapphire preferred card if i already have the reserve?

  3. Quo Vadis? Reply

    Since the Sapphire Reserve was introduced 4 years ago, there are very few CSR card holders who are eligible (as of this week/month) for this juiced up Sapphire Preferred offer (since it has to be at least 48 months from when the bonus was received). Wonder if Chase will leave this offer out there for another month or two and then revert back to the old/original 60K (or less) bonus level before CSR holders like me can apply… i.e. one giant tease.

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