Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening.
$1,000 toward travel or transfer to United, Southwest, and more.
That's $750 toward travel when you redeem through Chase Ultimate Rewards® or 1:1 point transfer to leading airline and hotel loyalty programs.
The Chase Sapphire Preferred® Card is now offering this deal: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®.
This deal is an increase from the old offer of 40,000 points with the same spending requirement.
The 1st year introductory annual fee is still $0, with a $95 fee after. And you earn 5,000 points for adding an authorized user who makes a purchase within 3 months of account opening.
This is the highest we’ve seen this offer online in a few years, and it appears it’s staying for at least a little while, as it’s not labeled a ‘limited time offer’ yet.
You can qualify for the deal if you don’t currently have the card, and haven’t received a new cardmember bonus for it in the last 24 months. The card earns 2x points on all dining and travel spending, and 1x point per dollar on everything else.
The baseline value of this is $625 when you use your 50,000 points toward airfare or hotels through Chase Ultimate Rewards®.
But you can do better…
The best thing about the Chase Sapphire Preferred® Card is that your Ultimate Rewards® points can be transferred one for one into real airline miles and hotel points anytime.
Participating programs include: United MileagePlus®, Southwest RapidRewards, British Airways Executive Club, Virgin Atlantic Flying Club, Korean Airlines Skypass, Singapore Airlines Krisflyer, Hyatt Gold Passport, Marriott Rewards, and IHG Rewards.
While one of the more popular ways to use Chase Ultimate Rewards® points is to transfer them into your United MileagePlus® account, you can also score some other great rewards like these just with the 50,000 points from the intro bonus…
For 25,000 points roundtrip, you can fly nonstop flights from the West Coast to Hawaii on Alaska and American Airlines by transferring your points to British Airways Executive Club and redeeming using their program, of which Alaska and American are partners.
Or, if you don’t live on the West Coast, transfer partner Korean Skypass lets you fly Delta to Hawaii for 25,000 points roundtrip. Check with Korean Airlines Skypass before you transfer to make sure there’s space.
These deals could save you $1,000 or more in airfare.
Your points are transferable 1 for 1 into Southwest Rapid Rewards points. And if you pick flights with Wanna Get Away fares available, you can often get about 1.4 cents or so in flight value per point, so 50,000 points can be worth about $700 in flights.
There are no fees to change or cancel tickets you book with Southwest points, and of course, your bags fly free on Southwest.
Southwest also now flies to many beach destinations in the Caribbean and Mexico, so using points for Southwest flights is more fun than ever.
Or any other Category 6 Hyatt hotel, which costs 25,000 points a night when you transfer points to Hyatt Gold Passport.
There’s even an all-inclusive resort, the Hyatt Ziva in Cancun, you can book with points, and all meals and drinks are included for 2 people in the room.
Or any other Category 3 hotel, which costs 12,000 points a night.
If you transfer to British Airways Executive Club, you can fly flights within the U.S. of 1,150 miles or less for 7,500 points one way. British Airways partners with American Airlines and Alaska Airlines so you can use points on their flights.
The catch is you need to be flying on nonstop flights to get the 7,500 miles price, so it’s best if you live in a city with lots of nonstop American or Alaska flights like New York, Philadelphia, Charlotte, Chicago, Dallas, Miami, Los Angeles, Phoenix, or Seattle.
British Airways lets you fly flights in Europe for just 4,500 points one way as long as the flight is less than 651 miles in length. From its London hub that’s lots of great European cities, like Milan, Copenhagen, Zurich, and Nice. You’ll pay about $20 in award fees for the ticket, but it’s a great way to get around Europe for cheap.
You can fly Singapore Airlines’ luxurious business class from New York to Frankfurt for just 48,875 points when you transfer points to Singapore Krisflyer and book online.
Or, save up 57,500 points (not hard given you’ll earn more points while meeting the spending requirements for the bonus) and you can fly United’s BusinessFirst class one way from anywhere in the U.S. to Europe or South America. You can learn about scoring those seats, which can be sometimes hard to find, here.
Follow @MileCards on Twitter for the latest updates and new offers
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