New bonus offer worth over $1,500

October 12, 2024

Limited-time offer

by Brian Kelly

As you might have seen, there’s a brand-new limited-time offer on the Chase Sapphire Preferred® Card — you can earn 60,000 bonus points after you spend $4,000 in the first three months of card membership, plus up to $300 in statement credits for any purchases made on Chase Travel℠ in the first year from account opening.

Chase usually only offers an enhanced sign-up bonus once per year on this card, so it’s amazing that it’s happened again. According to TPG’s October 2024 valuations, this offer is worth over $1,500! The annual fee on this card is only $95 — so right away there’s an amazing value opportunity.

This card offers lucrative earning rates and valuable perks like 3 points per dollar spent on dining and a $50 annual hotel credit, just to name a few, making it one of the best travel cards according to TPG experts. It’s also a go-to card for both beginners and experts.

I almost exclusively use my Chase Ultimate Rewards points by transferring them to Chase’s travel partners and booking award tickets so I can realize even higher value when redeeming my points. Air France-KLM’s Flying Blue’s monthly Promo Rewards offer the opportunity to book economy award seats for 15,000 miles each way, and some of my favorite business-class award redemptions have been on Air France for 50,000 miles one-way to Europe.

But I know that not everyone wants to learn how to leverage transfer partners. If that’s you, then the easiest and most straightforward way to use this bonus is through Chase Travel. The 60,000 bonus miles plus the $300 in statement credits are worth up to $1,050 when used to book through the Chase site, making it simple to book flights, hotels, rental cars and more.

Before applying, check out this guide to check your eligibility for the offer to ensure you are under the Chase 5/24 rule.

Overall, my Chase points are super valuable as part of my overall points and miles strategy, so if you are looking for a card with a low annual fee, solid bonus offer and great perks, this 60,000-bonus-point Sapphire Preferred offer with $300 in statement credits is a no-brainer.

Have a great weekend,

BK

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