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If you're considering applying for either the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, you should act fast. Both cards are currently offering a limited-time increased welcome bonus, but it's ending soon.
Right now, you can earn 75,000 bonus points after spending $4,000 on purchases with either card during the first three months after opening an account. This is up from the previous 60,000 bonus points offered by both cards and it's worth an additional $187 to $225 in travel depending on the card and how you redeem the points. Here's how you can take advantage of this offer before it expires.
What we'll cover
- Chase Sapphire Preferred and Sapphire Reserve bonus offers
- Who's eligible for these offers?
- Alternative cards
- Bottom line
Chase Sapphire Preferred® Card
On Chase's secure site
Rewards
Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit, plus more.
Welcome bonus
Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.
Annual fee
$95
Intro APR
None
Regular APR
21.49% - 28.49% variable on purchases and balance transfers
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Excellent/Good
Terms apply.
Read our Chase Sapphire Preferred® Card review.
Pros
- Points are worth 25% more when redeemed for travel via Chase Travel℠
- Transfer points to leading frequent travel programs at a 1:1 rate, including: IHG® Rewards Club, Marriott Bonvoy™ and World of Hyatt®
- Travel protections include: auto rental collision damage waiver, baggage delay insurance and trip delay reimbursem*nt
- No fee charged on purchases made outside the U.S.
Cons
- $95 annual fee
- No introductory 0% APR
Chase Sapphire Reserve®
On Chase’s secure site
Rewards
Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025
Welcome bonus
Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
Annual fee
$550
Intro APR
None
Regular APR
22.49% - 29.49% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fee
None
Credit needed
Excellent
Terms apply.
Read our Chase Sapphire Reserve® review.
Pros
- $300 annual travel credit for travel purchases
- Global Entry or TSA PreCheck application fee credit up to $100 every four years
- Priority Pass™ Select lounge access at 1,000+ VIP lounges in over 500 cities worldwide
- Points are worth 50% more when redeemed for travel via Chase Travel℠
- Special benefits at The Luxury Hotel & Resort Collection
- Complimentary year of Lyft Pink membership
Cons
- High annual fee, but it can be offset by taking advantage of all the card’s perks
- No introductory APR
- Estimated rewards earned after 1 year: $1,469
- Estimated rewards earned after 5 years: $3,346
Rewards totals incorporate the points earned from the welcome bonus
Chase Sapphire Preferred and Sapphire Reserve bonus offers
Chase's increased welcome bonus offer gives you 75,000 Chase Ultimate Rewards® pointsafter spending $4,000 on purchases in the first 3 months with the Sapphire Preferred or Reserve card. At a minimum, these points are worth $750 when you redeem them for cash back or gift cards but you'd get even more when you use the points for travel through Chase Travel℠.
Here's a breakdown of the travel redemption value for each card:
- Sapphire Preferred: Points are worth 1.25 cents each making 75,000 Chase points worth $937.50.
- Sapphire Reserve: Points are worth 1.5 cents each making 75,000 Chase points worth $1,125.
You can also maximize your points by transferring them to Chase's travel partners at a 1:1 ratio. This includes 14 airline and hotel partners, such as World of Hyatt, Air Canada Aeroplan, Emirates Skywards, and more.
Who's eligible for these offers?
To be eligible for the bonus on either Sapphire card, you must be a new applicant. That means current Sapphire Preferred or the Sapphire Reserve cardholders won't qualify.
You also can't have earned a welcome bonus from any Sapphire card in the previous 48 months. Finally, the unofficial Chase 5/24 rule also applies, meaning if you opened five or more credit cards from any bank in the past 24 months, you're less likely to be approved for a new Chase credit card.
Alternative cards
If you aren't interested in either Chase card, the Citi Strata Premier℠ Card is another great travel rewards card to consider. It currently offers a generous welcome bonus of 70,000 ThankYou® Points after spending $4,000 in the first 3 months of account opening and you get a range of travel perks such as a $100 annual hotel savings benefit. You can transfer your ThankYou points to Citi's travel partners to maximize their value, but you should know that unlike Chase, Citi lacks popular loyalty programs such as World of Hyatt and Southwest Rapid Rewards in its network.
Citi Strata Premier℠ Card
Rewards
Earn 10 points per $1 spent on Hotels, Car Rentals, and Attractions booked on CitiTravel.com.; 3 points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations; 1 Point per $1 spent on all other purchases
Welcome bonus
Earn 70,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $700 in gift cards or travel rewards at thankyou.com
Annual fee
$95
Intro APR
None
Regular APR
21.24% - 29.24% variable
Balance transfer fee
5% of each balance transfer, $5 minimum
Foreign transaction fee
None
Credit needed
Good/Excellent
See rates and fees. Terms apply.
The American Express® Gold Card can also be a great alternative card to the Sapphire Reserve, especially if a big portion of your budget goes towards food. The Amex Gold earns 4X Membership Rewards® points at restaurants worldwide and 4X points at U.S. supermarkets (up to $25,000 a year). And its annual fee of $250 (see rates and fees) is considerably less than the Chase Sapphire Reserve's $550 annual fee.
American Express® Gold Card
On the American Express secure site
Rewards
4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases
Welcome bonus
Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
Annual fee
$250
Intro APR
Not applicable
Regular APR
See Pay Over Time APR
Balance transfer fee
N/A
Foreign transaction fee
None
Credit needed
Excellent/Good
See rates and fees, terms apply.
Read our American Express® Gold Card review.
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Bottom line
Chase is offering increased welcome bonuses on its Chase Sapphire Preferred® Card and Chase Sapphire Reserve® Card. For a limited time, you can get 70,000 bonus points after spending $4,000 on purchases with either card in the first three months of account opening — a 15,000 increase from the previous offers. However, the offer is expiring soon, so you'll need to act quickly if you want the bonus.
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For rates and fees of the American Express® Gold Card, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.