While all eyes are on the refreshed *chase sapphire reserve* – and the buzz around a new business card – Chase quietly rolled out a new bonus on the entry-level *chase sapphire preferred*, too.
Starting today, new applicants can earn 75,000 Chase Ultimate Rewards® poinst after spending $5,000 in the first three months of card memberhip. That's up from the previous 60,000-point offer for the same spending requirement. And according to Chase, this isn't a limited-time offer – it's the new standard welcome offer going forward. That means any future limited-time offers should only go up from here.
It's a welcome change – especially if paying a $795 annual fee for the top-tier *chase sapphire reserve* isn't in the cards (pun intended). While we don't have any insider information, it could also signal that an annual fee increase from the current $95 price point is coming in the future.
But it's not all good news: Chase is also making some major updates to who is eligible to open a Sapphire Card and earn a bonus (more on that in a bit).
Read on for everything you need to know.
Learn more about the *csp*.
Chase Sapphire Preferred® Card Benefits Overview
- Welcome Offer Bonus: bonus_miles_full
- Earn 5x total points on travel purchased through the Chase Travel℠ portal, excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit.
- Earn 3x points per dollar spent on dining (including eligible delivery services), online grocery purchases (excluding Target, Walmart, and wholesale clubs), and select streaming services
- Earn 2x points per dollar spent on travel purchases
- Earn 1x points on all other purchases
- Earn up to $50 in statement credits each year for hotel stays booked through Chase Travel℠
- 10% Annual Points Bonus: Receive a 10% points bonus on your total spending during the account anniversary year – 1 point for every $10 spent.
- Travel Protections: Trip Cancellation & Interruption Coverage, Baggage Delay and Lost Luggage Coverage, Primary Rental Car Insurance
- Foreign Transaction Fees: None
- Annual Fee: $95
Read our full review of the Chase Sapphire Preferred!
Learn more about the *csp*.
Chase's New Welcome Offer Eligibility Requirements for Sapphire Cards
For more than a decade, Chase has been notoriously stingy with actually allowing travelers to earn these big bonuses. The pesky Chase 5/24 rule means travelers with a wallet full of credit cards are often ineligible. Worse yet, there was a 48-month restriction on earning bonuses on Sapphire Cards. Oh, and that longstanding restriction on applying for both the Preferred and Reserve Cards, too.
Even as the new-look Chase Sapphire Reserve hits the market, we're not entirely sure how these policies are changing … but it's clear Chase is changing its stance. Here's what we know – or what we think we know:
- Chase has confirmed that the ban on holding both the Reserve and Preferred cards simultaneously is gone … sort of. The terms now read that the bonus “may not be available to you if you currently have any other personal Sapphire cards open.” Heavy emphasis on “may not.”
- We know for sure that Chase is also rolling out a pre-approval pop-up tool similar to Amex's “Apply with Confidence” feature, which will notify would-be applicants whether they're eligible to earn the bonus before hitting “submit” on their application and triggering a credit pull.
- All indications are that Chase is also dropping the 48-month restriction across the Sapphire family. This is being replaced with a “lifetime” rule, meaning that you can earn the bonus on each card once per lifetime. We don't yet know how long a “lifetime” actually is.
- Worst of all, travelers who have already earned a bonus on the Preferred Card will not be eligible to earn this new bonus again.
If you've never earned a bonus on the Sapphire Preferred and are not impacted by the Chase 5/24 rule, you should be eligible. That said, Chase's new pre-approval pop-up tool will help you confirm that for sure before you actually submit your application and have your credit pulled.
What Can You Do With 75K Points?
The beauty of Chase points is just how valuable – and flexible – they are. So, what can 75,000 points get you? In two words: A lot.
Those points are worth a minimum of $750 toward flights, hotels, and other travel expenses booked through Chase Travel. But you can do even better by leveraging Chase's transfer partners and sending those points to airlines like Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Avios, or even a top-notch hotel partner like Hyatt instead.
Here's a quick list of some of our favorite ways to use this bonus.
This list is just the start! Read our full guide on the best ways to redeem a big Chase bonus!
Take a Flight Deal & Make it Free
One of our favorite ways to use any frequent flyer points is booking the cheap domestic or international flight deals you find via Google Flights or with a Thrifty Traveler Premium subscription. And the absolute best way to book them is with Chase Ultimate Rewards points.
For years, Sapphire cardholders have gotten extra value when redeeming their points through the Chase Travel℠ portal on virtually any travel purchase: 1.25 cents apiece with the Preferred and 1.5 cents each from the Reserve. It was both valuable and simple: The cheaper the flight, hotel, rental car, or cruise, the fewer points you'd need to book it.
But Chase is officially sunsetting that perk, replacing it with new expanded “Points Boost” redemptions on select premium cabin flights and hotels Chase began testing out earlier this year. While that will give cardholders even more value when using their points through the portal – up to 1.75 cents per point for Sapphire Preferred and 2 cents apiece for Reserve cardholders – it'll be far more limited in scope.
For existing cardholders (prior to June 23), that swap won't happen right away. The increased redemptions on all Chase Travel bookings will disappear come late October 2027. Until then, Sapphire cardholders can only redeem the points they've already banked (by Oct. 26 of this year) through the portal at that flat rate for all travel purchases.
After that, Chase points will be worth a flat 1 cent apiece for all cardholders in the travel portal – unless there's a Points Boost offer. If you're just applying for the card now, you'll have access to Chase's Points Boost offers right away and your points will be worth 1 cent each for all other redemptions.
As an example, here’s a recent deal we sent to our Thrifty Traveler Premium subscribers for flights to beautiful Banff National Park in Alberta, Canada. You could fly to Calgary (YYC), just an hour away, for under $200 roundtrip this summer – peak travel season!
Booking this flight with bonus points from your Chase Sapphire Preferred? It would cost you less than 13,000 points … at least for now.
Booking flights directly through the Chase travel portal is one of the easiest ways to redeem points for travel, period. You'll even earn miles when you take your free flight! Best of all, you can book flights on almost any airline using this method.
Read more: How to Book Flights Through the Chase Travel Portal
3 Roundtrip Tickets to Hawaii
It's tough to top a trip to Canada in the summer … but the Hawaiian Islands are up to the task. You can book five round-trip tickets to Honolulu (HNL) with a big Chase bonus like this. So much for Hawaii being an expensive place to get to, right?
This is where turning to Chase transfer partners really shines, as you have several options to book round-trip flights to the Hawaiian islands for about 30,000 points each – or much less.
If you time it right, you can get to Hawaii for under 20,000 Southwest Rapid Rewards points, as with this round-trip flight from Los Angeles (LAX) to Honolulu (HNL). And because Chase points transfer to Southwest on a 1:1 basis, 19,000 Chase points is all you need.
Even though Southwest recently moved to dynamic award pricing, converting your Ultimate Rewards into Rapid Rewards can still make sense … and this is a prime example. Rather than paying $334 apiece, you could turn to the Chase Travel portal and book for 27,000 Chase points per ticket.
But by taking an extra step and first moving your points to Southwest, you can save nearly 8,000 points per ticket and get 1.7 cents per point in value – far better than what the portal offers.
Read more on our favorite ways to get to Hawaii using points!
Book Free Hotel Nights with Hyatt
It's not just flights. You can also book hotels using this 75,000-point bonus. And with Chase points, you've got an ace in the hole: Hyatt.
With free nights starting as low as just 3,500 points per night, World of Hyatt is arguably the most valuable hotel loyalty program. Since Chase points transfer to Hyatt 1:1, you've got a whole bunch of them at your disposal.
So with 80,000 points in hand (after meeting the minimum spending requirement), you could:
- Cover more than 20 nights at the cheapest Hyatt properties!
- Book up to three free nights at the new, all-inclusive Secrets Tulum Resort & Spa.
- Get up to four free nights at the Park Hyatt Zanzibar. Better yet, some of Hyatt's top-tier hotels, like the Park Hyatt Siem Reap in Cambodia, are bookable from just 12,000 points per night. You'd have enough for six nights here with this bonus!
Read More: Why Hyatt is the Best Hotel Rewards Program
Score a Business Class Suite to Tokyo
This isn't just business class. It's ANA's The Room business class. And you can book your trip to Japan flying this with Chase points.
All Nippon Airways (ANA) might not be a Chase transfer partner, but Virgin Atlantic is … and even after a recent devaluation, this is still one of the cheapest ways to fly in style. You can fly from the western U.S. to Tokyo and back for just 105,000 Virgin Atlantic points or 120,000 points from Chicago-O’Hare (ORD) or East Coast cities. One-ways are half the price.
If you time it right with one of the frequent transfer bonuses from Chase to Virgin, like the massive 30% bonus offered a few months back, you'll have almost enough points for a roundtrip to Tokyo in business class … no matter where you're starting from.
Just be warned: Finding the award availability to actually book these seats with points can be tough.
Read More: 10 Great Ways to Use a Big Chase Ultimate Rewards Bonus
Bottom Line
Chase is out with a new offer on the popular *chase sapphire preferred*. You can now earn 75,000 points after spending $5,000 in the first three months of card membership.
According to Chase, this is not a limited-time offer, but rather the new business-as-usual offer. But thanks to Chase's new eligibility rules, if you've earned a bonus on the Sapphire Preferred in the past, you may not be eligible.
Learn more about the *chase sapphire preferred*