Chase Sapphire Preferred Now Offering 75,000 Points Welcome Bonus
The Chase Sapphire Preferred® Card has long been considered one of the most valuable travel credit cards on the market, offering an impressive combination of rewards, benefits, and flexibility at a reasonable annual fee. Now, Chase has just improved the welcome offer on this popular card, making it an even more compelling option for new applicants.
Let’s explore this enhanced offer and examine why the Sapphire Preferred continues to be a standout option in the increasingly competitive travel credit card landscape.
Chase Sapphire Preferred® Card
Earn Big on Travel with the Chase Sapphire Preferred® Card
- 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening
- 5X points on travel booked through Chase Travel℠
- 3X points on dining, vacation home rentals, gas & EV charging, plus top streaming services and online groceries (excludes Walmart, Target and wholesale clubs)
- 2X points on all other travel
- 1X point on everything else
- Up to $100 in hotel statement credits each account anniversary year for stays booked through Chase Travel℠
- Complimentary DashPass: $0 delivery fees and reduced service fees for at least one year (activate by 12/31/27), plus a $10 monthly promo on non-restaurant orders
- One year of Apple TV on us when you activate by 12/31/26 (a $156 value)
- Up to $120 every four years as a statement credit for your Global Entry, TSA PreCheck® or NEXUS application fee
- No foreign transaction fees
- $95 annual fee
Make every trip count. Transfer your points 1:1 to leading airline and hotel loyalty programs, or redeem them through Chase Travel℠ for 25% more value. You’re also covered by built-in travel protections like trip cancellation/interruption insurance, auto rental collision damage waiver and lost luggage insurance, with everything managed in the Chase mobile app. Whether you fly often or are planning your next getaway, the Chase Sapphire Preferred® delivers premium perks at an approachable price.
Terms apply. Bonus offer requires minimum spend. Annual fee applies. Member FDIC. See Chase for full details.
- Annual fee
- $95
- Our valuation
- $1,538Milesopedia first-year estimate First-year valueWelcome bonus$1,538Total$1,538Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$1,538Total$1,538Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- 75,000 points
on Chase's website
Improved Welcome Bonus: 75,000 Ultimate Rewards Points
The Chase Sapphire Preferred is now offering new cardholders 75,000 bonus Ultimate Rewards points after spending $5,000 within the first three months of account opening. This represents a 25% increase over the previous offer of 60,000 points. Chase does not publish an end date for this bonus, so the amount can change at any time.
At a conservative valuation of 1.7 cents per Ultimate Rewards point, this welcome bonus is worth approximately $1,275 in travel value. However, depending on how you redeem these points, you could potentially extract even greater value.
How to Maximize the 75,000-Point Welcome Bonus
The exceptional value of Chase Ultimate Rewards points comes from their flexibility. Here are the two primary ways to redeem your points:
1. Transfer to Travel Partners
Ultimate Rewards points can be transferred to 14 airline and hotel partners. Transfers are 1:1 for 13 of them. The exception is World of Hyatt: for new cardholders who apply on or after June 15, 2026 (and for existing cardholders starting October 1, 2026), the Sapphire Preferred transfers to Hyatt at a 4:3 ratio, so 40,000 Chase points become 30,000 Hyatt points. The 14 partners are:
When transferred strategically, your 75,000 points could be worth significantly more than their face value. For example, transferring to World of Hyatt could get you multiple nights at luxury properties, while transferring to airline partners could help you book business class flights that would otherwise cost thousands of dollars.
2. Book Travel Through Chase Travel Portal
With the Chase Sapphire Preferred, your points are worth 1.25 cents each when redeemed through the Chase Travel Portal. This means your 75,000-point bonus is worth about $937 for flights, hotels, car rentals, and more without having to worry about award availability or transfer times.
This redemption option provides a solid floor value for your points while offering the simplicity of booking just like you would through any online travel agency.
Who Is Eligible for the Chase Sapphire Preferred Bonus?
Before applying, it’s important to understand Chase’s eligibility requirements for this welcome bonus. According to the official language in the application:
“This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you currently have any other personal Sapphire cards open, previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility.”
Breaking down these restrictions:
- You cannot currently have any personal Sapphire card (including the Chase Sapphire Reserve®)
- You generally won’t be eligible if you’ve received a bonus on this specific card in the past
- If you’ve only had the Chase Sapphire Reserve before (not the Preferred), you may still be eligible for this bonus
- Being an authorized user on someone else’s Sapphire card doesn’t affect your eligibility
Additionally, Chase has implemented a helpful feature that will notify you during the application process if you’re not eligible for the welcome bonus, before any hard credit inquiry is performed.
Chase 5/24 Rule Considerations
Beyond the Sapphire-specific restrictions, Chase generally won’t approve applications for new credit cards if you’ve opened 5 or more personal credit cards across all banks in the past 24 months (known as the “5/24 rule“). However, there have been increasing reports of exceptions to this rule, with some applicants being approved despite being over the 5/24 threshold.
Why the Chase Sapphire Preferred Is Worth the $95 Annual Fee
Even beyond the impressive welcome bonus, the Chase Sapphire Preferred offers ongoing value that easily justifies its modest $95 annual fee. Here’s why this card continues to be a favorite among travel enthusiasts:
Robust Earning Structure
The Sapphire Preferred offers one of the most competitive earning rates in its category:
- 5X points on travel purchased through Chase Travel Portal
- 3X points on dining (including eligible delivery services)
- 3X points on select streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 3X points on gas stations and EV charging
- 3X points on vacation home rentals booked with Airbnb, Vrbo, Plum Guide, HomeAway, Homestay.com and Vacasa
- 2X points on all other travel purchases
- 1X points on all other purchases
Annual Hotel Credit (up to $100)
Cardholders receive a statement credit of up to $100 each account anniversary year for hotel stays purchased through the Chase Travel Portal. Chase doubled this credit from $50 to $100 in June 2026, so it now exceeds the entire $95 annual fee. There is no minimum stay or spending threshold; you simply book and prepay a hotel stay through Chase Travel with the card.
New: $120 Global Entry, TSA PreCheck or Nexus Credit
As of June 2026, the Sapphire Preferred adds a statement credit of up to $120 every four years to cover the application fee for Global Entry, TSA PreCheck or Nexus. That makes it one of the lowest-annual-fee cards to offer a benefit usually reserved for premium travel cards. If you already hold one of these memberships, you can use the credit for a friend or family member’s application instead.
New: Complimentary One-Year Apple TV Subscription
Sapphire Preferred cardholders can also activate a complimentary one-year Apple TV subscription. Link your Apple Account to your card through the Benefits & Rewards section of your account and activate the offer by December 31, 2026.
Comprehensive Travel Protections
The Sapphire Preferred offers some of the best travel insurance benefits available on a mid-tier credit card:
- Trip Cancellation/Interruption Insurance: Up to $10,000 per person and $20,000 per trip
- Trip Delay Reimbursement: Up to $500 per ticket when your trip is delayed more than 12 hours
- Baggage Delay Insurance: Up to $100 per day for 5 days for essential purchases when your baggage is delayed
- Primary Auto Rental Collision Damage Waiver: Coverage against theft and collision for most rental cars
- Purchase Protection: Covers new purchases for 120 days against damage or theft (up to $500 per claim)
- Extended Warranty Protection: Extends eligible manufacturers’ warranties by an additional year
- Emergency Evacuation and Transportation: Newly added coverage toward the cost of emergency evacuation and transportation during a covered trip
These protections can provide significant peace of mind and potential savings when traveling, especially considering that standalone travel insurance policies often cost more than the card’s annual fee.
Perfect “Hub” Card for Chase Ultimate Rewards
The Sapphire Preferred serves as an excellent foundation for a multi-card strategy within the Chase Ultimate Rewards ecosystem. When paired with no-annual-fee cards like the Chase Freedom Flex℠ or Chase Freedom Unlimited®, you can transfer points earned on those cards to your Sapphire Preferred account, instantly increasing their value from 1 cent per point to at least 1.25 cents per point (or more when transferred to travel partners).
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 | |||
| $95 |
How the Sapphire Preferred Compares to Other Travel Cards
To provide context for this offer, let’s compare the Sapphire Preferred to some of its main competitors:
| Card | Welcome Bonus | Annual Fee | Key Benefits |
|---|---|---|---|
| Chase Sapphire Preferred® | 75,000 points after $5,000 spend in 3 months | $95 | 1.25¢ redemption value, transfer partners, up to $100 hotel credit |
| Capital One Venture Rewards | 100,000 miles after $4,000 spend in 3 months | $95 | 2X miles on all purchases, transfer partners |
| Citi Premier® Card | 60,000 points after $4,000 spend in 3 months | $95 | 3X on restaurants, supermarkets, gas stations, air travel, hotels |
| American Express® Gold Card | 60,000 points after $4,000 spend in 6 months | $250 | 4X on restaurants and U.S. supermarkets (up to $25,000/year), dining credits |
While each card has its strengths, the Sapphire Preferred‘s combination of a strong welcome bonus, reasonable annual fee, flexible redemption options, and comprehensive travel protections makes it a compelling choice for many travelers.
Maximizing Your Chase Sapphire Preferred
If you decide to apply for the Sapphire Preferred with its 75,000-point bonus, here are some strategies to get the most value from your card:
- Meet the minimum spending requirement strategically: Plan large purchases or use the card for everyday spending to reach the $5,000 threshold within three months without overspending
- Prioritize bonus categories: Use the card primarily for dining, travel, streaming services, and online groceries to maximize point earning
- Consider a Chase trifecta: Pair with the Chase Freedom Flex and Freedom Unlimited to maximize earnings across all spending categories
- Utilize transfer partners for premium redemptions: Research high-value transfer opportunities, particularly for business or first-class flights or luxury hotel stays
- Take advantage of the hotel credit (up to $100): Book at least one night through the Chase Travel Portal each year to utilize this benefit
- Pay with points through the Chase Travel Portal: For simpler redemptions, remember your points are worth 25% more when booking travel through Chase
Bottom Line
The Chase Sapphire Preferred‘s improved welcome offer of 75,000 Ultimate Rewards points represents strong value for a card with a modest $95 annual fee. With a potential value of $1,275 or more (based on a 1.7 cent per point valuation), this remains one of the more attractive welcome bonuses available on a mid-tier travel card.
Beyond the initial bonus, the card’s strong earning structure, valuable redemption options, and comprehensive travel benefits make it a worthy addition to most travelers’ wallets. The ability to transfer points to airline and hotel partners or redeem them at an enhanced value through the Chase Travel Portal provides flexibility that few other cards in this price range can match.
If you’ve been considering the Chase Sapphire Preferred, this enhanced welcome offer presents an ideal opportunity to apply, especially if you qualify under Chase’s eligibility requirements. As with any credit card, be sure to consider how it fits into your overall financial strategy and travel goals before applying.
- Annual fee
- $95
- Our valuation
- $1,538Milesopedia first-year estimate First-year valueWelcome bonus$1,538Total$1,538Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$1,538Total$1,538Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- 75,000 points
on Chase's website
Frequently Asked Questions
How long will the 75,000-point offer be available?
Chase hasn’t specified an end date for this offer. Welcome bonuses change regularly, so if the current amount works for you, it’s best to apply sooner rather than later.
If I’ve had the Chase Sapphire Reserve before but not the Preferred, am I eligible for this bonus?
Based on recent reports and Chase’s updated language, you may be eligible for the Sapphire Preferred bonus if you’ve only had the Sapphire Reserve in the past (and not the Preferred). However, you cannot currently hold any Sapphire card when applying.
How does the 5/24 rule affect my application?
Chase typically won’t approve applications if you’ve opened 5 or more personal credit cards (across all banks) in the past 24 months. To check your 5/24 status, count how many personal credit cards you’ve opened in the last two years. If you’re at or over 5, approval may be difficult, though there have been recent reports of exceptions to this rule.
Can I product change to the Sapphire Preferred from another Chase card?
Yes, you may be able to product change to the Sapphire Preferred from another Chase card (like the Freedom or Freedom Unlimited), but you would not be eligible for the welcome bonus. Product changes are typically available if your current Chase card has been open for at least one year.
How does the Sapphire Preferred compare to the Sapphire Reserve?
The Sapphire Reserve offers premium benefits like Priority Pass lounge access, a $300 travel credit, higher point redemption value (1.5¢ vs. 1.25¢), and better earning on travel and dining, but comes with a much higher $795 annual fee. The Preferred is generally better for moderate travelers who want strong benefits without a premium annual fee, while the Reserve is designed for frequent travelers who can maximize its premium perks. One more distinction after Chase’s June 2026 changes: the Sapphire Reserve keeps 1:1 transfers to World of Hyatt, while the Sapphire Preferred moves to a 4:3 ratio, so travelers who transfer heavily to Hyatt may prefer the Reserve.
Can I combine this card with other Chase cards to maximize rewards?
Yes, the “Chase trifecta” strategy involves pairing the Sapphire Preferred with the Freedom Flex (for its rotating 5% categories) and the Freedom Unlimited (for its 1.5% on non-bonus spending). Points earned on the Freedom cards can be transferred to your Sapphire Preferred account, where they gain additional value for travel redemptions or transfers to partners.
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