Chase Sapphire Preferred…The Best Just Got Better

As I just wrote a few days ago, the Chase Sapphire Preferred is a card which earns my favorite kind of travel rewards…Chase Ultimate Reward points.  This week, Chase made a huge announcement that just took the already terrific Sapphire Preferred to new heights.

This already amazing card just got a whole lot better

For a very long time, the signup bonus on the Sapphire Preferred has been 40,000 Ultimate Reward points.  That’s good for:
  • $400 in cash back (a terrible redemption by the way)
  • $500 in travel rewards through the Chase Ultimate Rewards portal (a decent 1.25 cents per point, but complete flexibility in terms of your redemption, i.e. pick your own flight or hotel)
  • better than $500 in travel rewards if you transfer your points from Chase to one of the Ultimate Reward partners (e,g. United, Southwest, Hyatt, Marriott, British Airways, and others)

If you and your significant other each applied for the card, you could double that obviously, and that’s an awful lot of points to take you a long way.

This week, the signup offer on the Sapphire Preferred has been raised to 50,000 points!  Spend $4,000 in 3 months, and those extra 50,000 points are yours.  But there’s even more.  Add an authorized user, and you’ll get an extra 5,000 points.  So, watch this:

  • 4,000 points from the spending to obtain the bonus (and probably more since dining and travel earn double points)
  • 5,000 points from adding an authorized user
  • 50,000 points from the signup bonus

That’s 59,000 points just from spending $4,000 and adding an authorized user.

Want to go to Europe? It just got a LOT easier

Let’s take a look at the United Airlines Award chart for a moment.
If you look closely, you will see that a one way coach ticket from the US to Europe is 30,000 miles at the Saver level.  So, a round trip ticket is 60,000 miles.  Guess what you can do with Chase points earned from the Sapphire Preferred card?  Bingo, you can transfer them to United.  So, we just saw that you would have at least 59,000 points after meeting the bonus spend requirement on the Sapphire Preferred.  Spend $1,000 more, and you are on your way to Europe…and back! So, put another way, those 50,000 points from the bonus are worth:
  • $500 in cash back
  • $625 in travel booked through the Chase Ultimate Rewards travel portal
  • a free round trip ticket to Europe if you add an authorized user and put $6,000 in spend on the card.
Okay, so maybe Europe does not get you as excited as it does me!  Let’s talk about some other things you can do with these 50,000 points:
  • Use them on United for two round trip tickets in the continental US
  • Use them on United for a coach round trip ticket to Hawaii (with points left over)
  • Use them on Southwest for around $750 in airfare
  • Use them with Hyatt to stay 2 nights at the Park Hyatt Maldives (typically at least $800 per night)
  • Use them for $625 toward your stay at a Disney or Universal hotel through Chase’s travel portal

Bottom line, guys?  Chase points are just about the best you can get, and the number one card for earning them just became a whole lot more generous to new applicants.  If you’ve ever been on the fence about this card, now is the time to get it! If you enjoyed this post, please email it, like it, tweet about it, you name it.  And thanks for your support!

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