Earn 60,000 bonus points with the Chase Sapphire Preferred
Editor’s note: This is a recurring post, regularly updated with new information and offers.
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.
You 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, making the 60,000-point bonus worth $1,200.
Why you should apply for the Chase Sapphire Preferred
The Sapphire Preferred is well worth opening, partly because it is easy to rack up points after you’ve spent the sign-up bonus.
The Chase Sapphire Preferred has several generous bonus earning categories:
- 5 points per dollar on travel booked through the Chase Ultimate Rewards Travel portal.
- 3 points per dollar on dining.
- 3 points per dollar on select streaming services.
- 3 points per dollar on online groceries (excluding Target, Walmart and wholesale clubs).
- 2 points per dollar on all other travel purchases.
Cardmembers 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.
The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market, with travel protections 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.
Official application link: Chase Sapphire Preferred with 60,000 bonus points after you spend $4,000 in the first three months.
Related Chase Sapphire Preferred stories:
- Full review of the Chase Sapphire Preferred card
- Who should (and shouldn’t) get the Chase Sapphire Preferred?
- Why the Chase Sapphire Preferred should be your first rewards card
- Why you should choose the Chase Sapphire Preferred over the Reserve
- What credit score do you need to be approved for the Chase Sapphire Preferred Card?
Additional reporting by Ryan Wilcox and Eric Rosen.