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How to use the $50 hotel credit on the Chase Sapphire Preferred

May 01, 2022
7 min read
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Chase's refreshes to its ever-popular Sapphire cards last year added several bonus categories and perks. In particular, these changes raised the value proposition of the Chase Sapphire Preferred Card, an (already) excellent travel credit card with just a $95 annual fee and plenty of benefits.

One of these benefits is a $50 annual Ultimate Rewards hotel statement credit for reservations booked through Chase Travel.

While $50 may not seem like much in the grand scheme of things, this credit certainly shouldn’t be overlooked, since maximizing this benefit alone covers more than half of the card’s annual fee. And with booming summer travel demand, it could be the perfect time to take advantage of this benefit, even if it's only on a quick, one-night getaway.

Now is also a great time to add the Sapphire Preferred to your wallet, as it's offering an elevated sign-up bonus of 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

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Here’s how the Chase Sapphire Preferred hotel credit works — for both new and existing cardholders.

You may or may not have access to the credit just yet

Baja Mar Hotel in the Bahamas. (Photo by Nick Ellis/The Points Guy)

Since Aug. 2021, when the refreshes went into effect, all cardholders have been enjoying category bonuses on select streaming services and online groceries.

But the same doesn’t hold true for the hotel credit. Depending on when you opened your Sapphire Preferred, you may not have access to your $50 hotel credit just yet.

Any new cardholders that have opened their card since Aug. 16, 2021 will have access to this $50 hotel credit right off the bat. However, if you opened the Sapphire Preferred before this date, the $50 hotel credit won’t hit your account until after your next account anniversary (and you’ve paid the annual fee). For some of you, that'll mean a few more months of waiting before you have access.

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You must book with the Ultimate Rewards portal

With this benefit, it’s not a $50 statement credit for any hotel that you book and pay for with your card. You must specifically make your reservation through the Chase Ultimate Rewards portal. According to the perk’s terms:

$50 Annual Ultimate Rewards Hotel Credit: A statement credit will automatically be applied to your account when your card is used for hotel accommodation purchases made through the Ultimate Rewards program, up to an annual maximum accumulation of $50. Annual means the year beginning with your account open date through the first statement date after your account anniversary, and the 12 monthly billing cycles after that each year. Annually, the first $50 in Ultimate Rewards hotel purchases will not earn rewards points. Statement credit(s) will post to your account within two days after your purchase posts to your account and will appear on your monthly credit card billing statement within 1-2 billing cycles.

Be warned that when you book your hotel stay through the Ultimate Rewards portal, you likely won’t earn any hotel points or elite night credits, nor enjoy any elite perks you might be entitled to when booking directly with a hotel group. You can always call a participating property after booking to add your loyalty program number (or try to add it at check in), but be aware that you shouldn't expect to earn points, nor should you expect to have any elite perks honored.

That said, there’s still value to be found with booking through the Ultimate Rewards portal, as you can use it to book boutique or independent hotels that don’t have a loyalty program anyway.

How to use the $50 hotel credit on the Chase Sapphire Preferred

It’s relatively easy to make hotel bookings through Ultimate Rewards to unlock the $50 statement credit.

First, log onto the Ultimate Rewards portal. If you have multiple Chase cards, make sure that your Sapphire Preferred is selected in the upper left corner. Then, you’ll want to select “Travel” on the menu to the left to launch the portal.

(Screenshot courtesy of Chase)

The Chase portal is powered by Expedia, so you’ll find many of the same tools (and a very similar interface) here. You can search any hotel based on city or airport code.

(Screenshot courtesy of Chase)

After perusing the options, I found a hotel that was about $240 per night. Next, I selected my room and pressed checkout. In the payment options, be sure to select “Save my points for later” and pay with your Sapphire Preferred instead of redeeming your Ultimate Rewards points to book this stay.

(Screenshot courtesy of Chase)

It was easy as that — I then had a confirmed booking, and the pending charge immediately posted to my statement.

(Screenshot courtesy of Chase)

Now for the burning question: How long does it take for the $50 statement credit to post to your account? Although the charge for the hotel posted on Sep. 27, I didn’t receive my $50 statement credit until two days after my stay was over — on Oct. 5.

(Screenshot courtesy of Chase)

TPG director of content Nick Ewen had a similar experience in Nov. 2021 when he booked a last-minute, one-night stay in Tampa, Florida. The $135.07 purchase through Chase Travel posted on Nov. 5, 2021. The $50 credit hit his account on Nov. 9, 2021 — the day after his checkout.

However, according to the terms of the benefit, you should see the $50 credit post within 1-2 billing cycles. As a result, if you're booking weeks (or months) in advance, you should receive the statement credit before your stay.

Overall, the $50 hotel statement credit is incredibly easy to use and is one of many ways to find value with the Sapphire Preferred.

Is the $50 hotel credit worth it?

This benefit reminds me of the $100 annual hotel credit per calendar year on the Citi Premier® Card (a competing card that also comes with a $95 annual fee). However, that hotel credit is much more difficult to use, as you have to spend at least $500 (on a single hotel stay, excluding taxes and fees) and book through the Citi ThankYou portal for it to apply.

Meanwhile, the $50 hotel credit on the Chase Sapphire Preferred has virtually no restrictions — save for the fact that you need to book on the Ultimate Rewards portal. On the “Rewards Activity” part of the Ultimate Rewards portal, you can also track if you’ve successfully received your $50 hotel credit for that account year.

(Screenshot courtesy of Chase)

Bottom line

Chase continues to make the Sapphire Preferred a valuable and trusted option for cardholders, and this annual $50 hotel statement credit alone ensures that I’ll keep this card for the foreseeable future. Although not a high dollar amount, a $50 discount can still be considerable, especially when the card’s annual fee is only $95 per year. Once you consider all the other benefits of the card, it’s hard not to justify adding the Sapphire Preferred to your wallet.


Official application link: Chase Sapphire Preferred with 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.


Additional reporting by Ryan Wilcox.

Featured image by (Photo by Eric Rosen/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023