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Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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Earn 75,000 points with the Chase Sapphire Preferred
Matt Moffitt is a contributing editor and expert in getting the most out of credit cards and points (he carries at least 25 cards in his wallet at any given time). Originally from Sydney, Australia, he won the Green Card Lottery and lived in Austin, Texas for 10 years before relocating to Spain in 2025.
Compliance manager Stanley Sanford has years of compliance experience in the credit card industry dating back to 2017. He's reviewed content for several reputable sites, including CreditCards.com, Bankrate, CNET. and even thepointsguy.com before leading the compliance team for The Points Guy full time in early 2022.
Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
also contributed to this story
July 19, 2026 • 8 min read
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Quick summary
A popular travel rewards card has introduced new bonus categories and enhanced perks, increasing its value for both beginners and experienced travelers.
Recent updates include additional earning opportunities at gas stations, electric vehicle charging locations and vacation home rentals with select brands.
Cardholders now receive a higher annual hotel credit, a complimentary streaming subscription and credits for expedited airport security programs.
Points remain highly flexible, with strong transfer options to airline and hotel partners, though transfers to one hotel program will be less favorable for new applicants after June 15.
What to consider
Eligibility is affected by rules limiting approval if you have opened multiple new credit cards in the past two years.
New applicants after June 15 will receive a reduced transfer ratio for one hotel loyalty program, while existing cardholders retain the original rate until October 1.
Some perks, such as the annual points bonus, are no longer available to those applying after June 15.
What you'll miss from the article
A detailed breakdown of redemption options and real-world examples illustrating how to maximize points value across travel and everyday purchases.
Generated by AI with support from our editorial team.
With strong earning rates on everyday spending, flexible Chase Ultimate Rewards points and a modest $95 annual fee, it delivers outsize value for beginners (as well as seasoned travelers). Plus, Chase just introduced several new earning rates and perks to the card, providing more value to cardholders without raising the annual fee.
Below, we’ll break down its current bonus, ongoing perks and why the Sapphire Preferred continues to earn a spot in so many travelers' wallets.
Chase Sapphire Preferred current offer
New Sapphire Preferred Card holders can earn 75,000 bonus points after spending $5,000 on purchases in the first three months from account opening.
According to our July 2026 valuations, this offer is worth $1,538.
THE POINTS GUY
Chase Ultimate Rewards points are among the most valuable transferable currencies available, thanks to a robust roster of airline and hotel partners and high-value redemption options.
You can redeem the 75,000-point bonus on the Sapphire Preferred in three ways: statement credits, through the Chase Travel℠ portal or by transferring to loyalty program partners.
With each of these methods, the value you get from this offer depends on how you redeem it.
Here is a collection of some examples:
Statement credits
Chase Travel portal
Transferring to partners
Chase Pay Yourself Back on purchases with qualifying charities: Up to $1,250; 1.25 cents per point.
Pay Yourself Back on veterinary services and the cardholder annual fee: Up to $1,100; 1.1 cents per point.
Pay Yourself Back on public transit purchases: Up to $1,050; 1.05 cents per point.
Other statement credits: Up to $1,000; 1 cent per point.
Two nights in Nashville without Points Boost: Hotel Indigo Nashville - The Countrypolitan by IHG comes to 97,866 points total; $979 cash price; 1 cent per point.
Four nights in New York with Points Boost: Virgin Hotels New York City comes to 101,366 points total; $1,673 cash price; 1.65 cents per point.
Two nights in Miami with Points Boost: The St. Regis Bal Harbour Resort comes to 96,459 points total; $1,929 cash price; 2 cents per point.
Round-trip flight to Hawaii with Points Boost: Two tickets from San Francisco International Airport (SFO) to Honolulu's Daniel K. Inouye International Airport (HNL) on Alaska come to 105,202 points total; $1,210 cash price; 1.15 cents per point.
Transfer to British Airways Club for a round-trip flight to the Caribbean in economy: Fly from Miami to Grand Cayman for 27,000 British Airways Avios. Tickets typically cost $450 to $500; 1.6 to 1.85 cents per point.
Transfer to World of Hyatt for five nights in Hawaii: Hyatt Place Waikiki Beach starts at 15,000 points per night. 100,000 Chase points transfer to 75,000 Hyatt points.
Transfer to Virgin Atlantic Flying Club for a one-way flight to Japan in ANA The Suite: One first-class seat comes in at 72,500 Virgin miles from the western U.S. or 85,000 from the East Coast. Tickets typically cost around $16,000; 18 to 22 cents per point.
Why you should apply for the Chase Sapphire Preferred
The Chase Sapphire Preferred has many generous bonus-earning categories. Plus, the card has recently announced two new bonus categories, along with an enhancement to its Chase Travel category.
You'll earn:
5 points per dollar spent on all Chase Travel purchases, including flights, hotels, rental cars, vacation homes*, cruises, activities and tours
5 points per dollar spent on Lyft (through Sept. 30, 2027)
5 points per dollar spent on eligible Peloton equipment and accessory purchases over $150 (through Dec. 31, 2027)
*New category
^Vacation home brands included in this category: Airbnb, Vrbo, Plum Guide, HomeAway, Homestay.com and Vacasa
CHRIS DONG/THE POINTS GUY
The Sapphire Preferred has also increased its annual hotel statement credit, doubling it from $50 to $100. The credit can be used for prepaid hotel stays booked through Chase Travel and is available each account anniversary year.
New cardholders who apply on or after June 15 will no longer be eligible for the Sapphire Preferred's 10% annual points bonus.
However, new and current cardholders will receive two new perks:
Cardholders will also receive a complimentary DoorDash DashPass membership (a value of $120 per year) and a monthly $10 credit for eligible non-restaurant DoorDash purchases (activate by Dec. 31, 2029).
It's important to note that Chase is reducing the World of Hyatt transfer ratio. If you apply on or after June 15, transfers to World of Hyatt will occur at a 4:3 ratio instead of 1:1, resulting in fewer Hyatt points for the same number of Ultimate Rewards points transferred. Existing cardholders and those who applied before June 15 can continue transferring at the 1:1 ratio until Oct. 1.
Despite the Hyatt transfer change, Ultimate Rewards points remain highly valuable thanks to Chase's airline and hotel partners, which can unlock aspirational business-class tickets or picturesque stays at island resorts for far less than their cash equivalent.
Travel and purchase protections on the Chase Sapphire Preferred
Are you eligible for the Chase Sapphire Preferred?
Before applying, there are a few eligibility rules to keep in mind.
First, Chase's well-known 5/24 rule means you're unlikely to be approved if you've opened five or more new personal credit cards (from any issuer) in the past 24 months.
CHASE
You'll also need to meet Chase's Sapphire bonus eligibility requirements. To earn the welcome bonus:
With its $95 annual fee, valuable transfer partners, improved earning rates and easy-to-use statement credits, it's one of the strongest cards available in travel rewards right now.
Despite the Hyatt transfer devaluation, the Sapphire Preferred's latest changes more than make up for it for many travelers.
It's no wonder so many TPG staffers continue to carry the Sapphire Preferred year after year. Given its easy-to-maximize perks, strong earning rates and valuable Ultimate Rewards points, it deserves a place in any traveler’s wallet.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
