Chase Increases Regular Sapphire Bonus to 25,000, Chase Sapphire Preferred® Card Still a Better Deal With 50,000 Point Bonus

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Update: The Chase Sapphire Preferred® Card sign-up bonus offer is now reduced to 40,000 points when you spend $3,000 in the first 3 months.

Chase Sapphire Preferred® CardChase has two Sapphire cards:

The regular Sapphire Card, which comes with no annual fee, but does not allow transfer to airline, hotel and train partners like the Chase Sapphire Preferred® Card. In general, 1 point = 1 cent and points can be redeemed for airfare, hotel, giftcards and merchandise. This card has a 10,000 point sign-up bonus ($100) when you spend $500 within the first 3 months. The only way I could justify recommending this card, would be if someone couldn’t get approved for the Chase Sapphire Preferred® Card – for example a student who wants a no-fee, simple rewards card. 1 cent per dollar spent is certainly better than using a debit card and it would help build better credit so they could take advantage of better offers in the future.

The Chase Sapphire Preferred® Card card, as I wrote about Monday, is a much better deal – at least for the first year. They are offering 50,000 points when you spend $3,000 within the first three months. Those 50,000 points can be redeemed for travel/merchandise just like the regular Sapphire card, but they offer a 25% bonus. So it would equal $625 when redeemed that way. The best bang for your point will come from transfer to either British Airways, Continental, Hyatt, Marriott, Priority Club and Amtrak. The Chase Sapphire Preferred® Card also waives foreign transaction fees, so its a solid card for an international traveler who likes flexibility when it comes to point redemptions.

I’m a self professed American Express junkie (and Platinum cardholder), but the Chase Sapphire Preferred® Card card has me sold since Amex Membership Rewards biggest weakness, in my opinion, is the lack of value when transferred to hotels. For example, Starwood transfers are 3:1, so 1,000 Amex points = a measly 333 Starpoints. I am waiting 30 days from my British Airways application date and then will apply for the Chase Sapphire Preferred® Card. 50,000 points for no annual fee for the first year is just too good to pass up!

What are your thoughts? Is Chase’s Ultimate Rewards program actually becoming a formidable competitor to American Express Membership Rewards?

Chase Sapphire Preferred® Card

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  • Earn 50,000 bonus points when 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®
  • Named a 'Best Credit Card' for Travel Rewards by MONEY Magazine
  • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • $0 foreign transaction fees, plus chip-enabled for enhanced security and wider acceptance when used at a chip card reader
  • 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points
  • Travel and shop with confidence with premium Travel and Purchase Protection Benefits, including Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Purchase Protection and more
  • Introductory Annual Fee of $0 the first year, then $95
Intro APR Regular APR Annual Fee Balance Transfer Credit Rating
N/A 16.24%-23.24% Variable Introductory Annual Fee of $0 the first year, then $95 See Terms Excellent Credit

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