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Earn 60,000 bonus points with the Chase Sapphire Preferred

May 31, 2022
3 min read
Earn 60,000 bonus points with the Chase Sapphire Preferred
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The Chase Sapphire Preferred Card is one of the best travel credit cards out there. It hits on all cylinders: lucrative earning rates, valuable perks and versatile rewards — all with an affordable annual fee.

And new applicants can earn 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases within the first three months of account opening.

TPG estimates the value of Chase Ultimate Rewards points to be 2 cents each when you maximize the program’s transfer partners. That makes this bonus worth $1,200 — though you can glean significantly more value from those points if you know how to redeem Chase Ultimate Rewards for maximum value.

Official application link: Chase Sapphire Preferred with 60,000 bonus points after you spend $4,000 in the first three months

In mid-2021, the Chase Sapphire Preferred debuted an all-time-high offer of 100,000 bonus points after applicants met minimum spending requirements, and earlier this year, it launched an 80,000-point bonus. However, there’s no guarantee that deals like those will resurface in the near future. Even at the current bonus, the card is well worth opening, in part because of how easy the Chase Sapphire Preferred makes it to rack up points after you’ve spent the sign-up bonus.

The Chase Sapphire Preferred has several generous bonus earning categories, which were improved in 2021. The card now accrues:

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Cardmembers now also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.

Overall, the Chase Sapphire Preferred is one of the top travel rewards credit cards on the market, with best-in-class travel insurance and up to $50 in annual hotel statement credits for hotel purchases made through Chase Ultimate Rewards after each cardmember anniversary. That essentially covers more than half the card’s already reasonable $95 annual fee.

No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy to understand perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.

Related Chase Sapphire Preferred stories:

Additional reporting by Eric Rosen.

Featured photo by 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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Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
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