Chase just brought us an improved signup bonus for Sapphire Preferred:
- 80,000 Chase Ultimate Rewards points (=$1,000 travel rewards via Chase, or 80K miles/points of United, Singapore, British, Flying Blue, Southwest, JetBlue, Hyatt, etc.) after spending $4,000 within 3 months of new account opening. Note that there is no more first annual fee waiver as before.
- This bonus is not available if you currently have a Sapphire card (Sapphire, Sapphire Preferred, or Sapphire Reserve) or have received signup bonus from any Sapphire card in the past 48 months.
- Based on anecdotal reports, this card is subject to Chase's 5/24 rule (you won't be approved for this card if you have opened 5 or more new accounts within the past 24 months; any new account with any issuer will count, not just with Chase; new accounts include most credit cards and charge cards but exclude non-Chase business cards and store charge cards).
- The historical high of the signup bonus for this card was 100,000 points, but it was many years ago in 2012. This 80K points offer is the best bonus we have seen since 2012.
- Sapphire Preferred is a great card to pair with the newly enhanced Chase Freedom Unlimited which offers 5x points on travel through Chase, 3x on dining & drugstores, and 1.5x everywhere else, because you might move points earned from Freedom Unlimited (which is ineligible for miles/points transfer) to Sapphire Preferred's account so they become eligible for miles/points transfer as well as the 1.25 cents per point fixed-value travel redemptions, greatly improving Freedom Unlimited's value.
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