Chase Sapphire Preferred and Reserve: Limited-Time Bonus of 75,000 Points.
Chase Sapphire Preferred and Reserve: Limited-Time Bonus of 75,000 Points.
Starting May 2, 2024, both the Chase Sapphire Preferred® and the Chase Sapphire Reserve® cards will provide a whopping 75,000 bonus points after spending $4,000 on purchases within the first three months of opening an account. This increase from the previous 60,000 bonus points offer significantly sweetens the deal for prospective cardholders.
Travel rewards aficionados have long favored the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® cards for their comprehensive rewards programs and extensive travel benefits. Now, Chase has upped the ante with an irresistible limited-time welcome bonus, making these cards even more enticing options for savvy travelers.
Are these cards worth it beyond the sign-up bonus?
Chase Sapphire Preferred
For those wary of hefty annual fees, the Chase Sapphire Preferred® Card, with its $95 annual fee, offers substantial rewards at an attractive rate. Cardholders will
Earn 5x points on travel purchased through Chase Travel℠ (excluding hotel purchases eligible for the $50 Annual Chase Travel Hotel Credit)
Earn 5x points on Lyft rides through March 31, 2025,
Earn 2x points on travel purchases
Earn 3x points on dining, select streaming services, and online grocery purchases (excluding Walmart, Target, and wholesale clubs).
Gain a generous $50 hotel statement credit for Chase-booked stays, a 10% account anniversary points bonus, and valuable travel protections like primary auto rental coverage, trip cancellation and interruption insurance, and travel and baggage delay coverage.
One standout feature is the ability to redeem points for travel through Chase at a 25% bonus, maximizing their value. This means the 75,000 point welcome bonus could be worth up to $937.50 in travel rewards, adding significant value for cardholders.
Chase Sapphire Reserve
For those seeking a top-tier rewards card packed with exclusive features, the Chase Sapphire Reserve, with its $550 annual fee, presents an enticing option. Here's what the card offers in terms of rewards:
Earn 10x points on hotel and car rental purchases made through Chase Travel℠ immediately after the first $300 is spent on travel annually.
Enjoy 5x points on flights booked through Chase Travel℠ immediately after the first $300 is spent on travel annually.
Receive 3x points on other travel and dining expenditures (including eligible food delivery services) not booked through Chase after the initial $300 is spent on travel annually.
Earn 1x point on all other purchases.
Gain 10 points per dollar spent on Lyft rides through March 2025.
In addition to its robust rewards program, the Chase Sapphire Reserve offers a plethora of premium perks, including access to exclusive airport lounges via a Priority Pass Select membership, an annual $300 travel credit, reimbursement for Trusted Traveler application fees, and VIP car rental benefits.
One notable feature of the Sapphire Reserve card is that points are worth 50% more when redeemed for travel through Chase. This means that the 75,000 bonus points could potentially be valued at up to $1,125 when used for travel bookings through Chase, making it an incredibly valuable option for frequent travelers looking to maximize their rewards.
And here's a pro tip: if you applied for either of these cards over 48 months ago, you may be eligible to receive another sign-up bonus, further enhancing the rewards potential.
Final Thoughts
With their limited time welcome bonuses and impressive rewards structures, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® cards are poised to become even more indispensable tools for travelers seeking to maximize their rewards and enjoy unparalleled travel benefits. We think Chase cards are foundational to any credit hacker’s credit card portfolio.
Read: "Unlocking Value: 5 Chase Ultimate Rewards Transfer Partners for Maximum Benefits"
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