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Chase Drops Two Big Welcome Offers for the Sapphire Cards!

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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.


The Chase Sapphire Preferred and Chase Sapphire Reserve credit cards are now running welcome offers with increased point bonuses.

And one card also comes with a bonus statement credit!

The Chase Sapphire Preferred gives new cardholders (who apply for this promotion) 80,000 bonus points when they spend $4,000 on eligible purchases within three months of being approved.

This is an increase from the other previous welcome bonus, which was 60,000 bonus points.

Plus, they also receive up to $50 in statement credits for grocery store purchases. The CSP allows cardholders to redeem Ultimate Rewards points at a value of 1.25 cents each when booking travel through Chase’s system. Ultimately, the 80,000 bonus points could be worth $1000 in travel.

Produce section at a grocery store
(©iStock.com/OceanFishing)

Meanwhile, the Chase Sapphire Reserve also boosted its welcome offer. New cardholders receive 60,000 bonus points after spending $4,000 on eligible purchases within three months of being approved. (This is a bump from the 50,000 bonus point offer that was previously available.)

CSR cardholders can redeem Ultimate Rewards points at a value of 1.50 cents per when booking travel through Chase’s system. So the 60,000 bonus points could be worth up to $900 of travel.

The Chase Sapphire Preferred card earns Ultimate Rewards points -- which can be used toward a variety of vacations and other trips!
The Chase Sapphire Preferred card earns Ultimate Rewards points — which can be used toward a variety of trips! (Like a beach vacation!)

Chase Sapphire Preferred

The Chase Sapphire Preferred offers some decent — admittedly, not 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

Plus, it comes with a complimentary 12-month DoorDash DashPass subscription.

RELATED: Chase DoorDash Benefits: A Quick Guide

The card carries a $95 annual fee that is not waived the first year.

Learn how to apply for the Chase Sapphire Preferred Visa Signature card.

We used a Chase Sapphire Preferred to book rooms through Chase’s Luxury Hotel & Resort Collection.

It’s a good card for people dipping toes into the points and miles world.

The Chase Sapphire Reserve Visa Infinite Credit Card

Chase Sapphire Reserve

The Chase Sapphire Reserve offers more luxury benefits and better bonus points opportunities than its Preferred sibling.

The card offers an annual $300 statement credit toward travel purchases. So airline tickets, hotels, parking, tolls, ride share purchases will get credited back (up to $300 per card membership year).

It comes with a complimentary Priority Pass Select membership to over a thousand airport lounges worldwide. But this differs form the one offered with Amex products — because Chase’s version still offers credit/allowances at select airport restaurants.

The Chase Sapphire Reserve card.
Learn more now about the Chase Sapphire Reserve

The card can also be used for Chase Luxury Hotel & Resort Collection bookings.

Points-wise, it earns:

  • 10X total points on Lyft rides through March 2022
  • 3X on travel purchases
  • 3X on dining purchases
  • 1X on everything else

This also comes with a complimentary 12-month DoorDash DashPass subscription.

The card carries a $550 annual fee that is not waived.

Combine Points from Other Chase Cards

Keep in mind you can transfer points from your other Chase Ultimate Rewards products to your Chase Sapphire Preferred or Chase Sapphire Reserve — and take advantage of the elevated travel redemption rates.

For example, the Chase Freedom Flex card is famous for its quarterly 5X bonus categories. You can transfer those points to a Chase Sapphire Reserve and redeem them at the 1.5 cents/each value. So 5X can ultimately become 7.5 cents worth of travel.

💔 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:

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…  😉

Final Approach

I like the Chase Ultimate Rewards cards because their points are so easy to redeem at a decent value — and that’s one area where American Express comes up a bit short.

The Chase Sapphire Preferred‘s 80,000 bonus point offer is pretty darn great — especially with the $50 grocery store statement credit. For those who’ve wanted to get a Chase Sapphire Reserve card, the extra 10,000 bonus points (compared to the previous offer) is a certainly an incentive worth considering.

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.

2 Comments

  1. Rodrigo E Huerta Reply

    Please change the headline, it is not clear. When you said that “Chase drops” I thought it was no longer available.

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