DEAD! Limited Time Offer: Earn $300 Chase Travel Credit AND 60,000 Ultimate Rewards Points, Good For At Least $1,050 Of Travel, On The Chase Sapphire Preferred® Card!

Never Miss Another Deal - Follow DansDeals on Facebook

Update: DEAD! Don’t miss it if this becomes alive again. Sign up for deal notification alerts here!

Earn $300 Chase Travel Credit And 60,000 Ultimate Rewards Points On The Chase Sapphire Preferred® Card!

Signup Bonus

You can earn $300 Chase Travel Credit and 60,000 Chase Ultimate Rewards points for opening a Chase Sapphire Preferred Card and spending $4,000 in 3 months. The 60K points are worth a minimum of $600 cash back or $750 towards travel and other categories, but they can be worth much more as shown below.

The $300 Chase Travel credit is valid for purchases made on Chase Travel during your first cardmembership year.

These cards were previously offering a 60,000 point signup bonus. The highest offer this year was for a limited time 75K bonus.

Annual fee

There is a $95 annual fee for the primary card and no annual fee for additional cardholders.

Card signup bonus terms

If you received your last Sapphire bonus on today’s date in 2020 or earlier, you are now eligible to earn another Sapphire bonus!

1. You won’t get approved for this card if you have received a signup bonus on Sapphire Reserve, Sapphire Preferred, or Sapphire card within the past 48 months. You can call Chase to find out when you last earned a bonus on those cards or you can pull up your old statements online to check when you last got a bonus. You can also send Chase a secure message with your old card number to ask when you got the signup bonus on it.
2. You won’t get approved for this card if you currently have an active Sapphire Reserve, Sapphire Preferred, or Sapphire card. However you can call Chase to change those cards to a Freedom Unlimited, Freedom, or Freedom Flex card, wait 2-4 days, and then apply for a Sapphire Preferred!
3. You can apply and Chase won’t pull your credit or approve you if you are not eligible to get the card bonus.
4. You will get the bonus for this card even if you are an authorized user on another person’s Sapphire card.
5. If you are approved, that means you will get the bonus for this card as long as you spend $4,000 in 3 months.

5/24

Some Chase cards are subject to 5/24 restrictions, meaning that you might not be approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Enforcement of 5/24 has been patchy for the past year and the only way to know if you can get approved is by trying to apply.

However, a pattern has developed where Chase often waives 5/24 rules when they launch a limited time offer like this, so it can be worth trying, even if you are over 5/24. If you try, be sure to leave a comment with the results!

Typically, the only way to bypass the 5/24 rules is if the system decides to approve you, so if you are over 5/24, do not call for an approval if your application is pending!

Note that the Chase system automatically counts cards like authorized user cards and store cards as cards that count towards 5/24, but if you explain to Chase that those cards are merely authorized user cards or store cards they can manually approve you for a new card.

You can check your credit report for free at the federally authorized annualcreditreport.com to check how many accounts are shows as being open in the past 24 months.

Annual hotel credit

Get a $50 annual hotel credit every cardmembership year as a statement credit when you book any hotel through Chase Travel.

You can pay for hotels with partial cash and partial points at a value of 1.25 cents per point, so you can pay $50 and get back $50, plus use points for the remainder.

Anniversary bonus

Sapphire Preferred Cardholders get a 10% anniversary points bonus on all spending. For example if you spend $20K on your card in a cardmembership year, you’ll get a 2,000 point bonus.

The bonus does not apply to the signup bonus or bonus point categories, it only applies to the 1 point per dollar base spending.

Card earnings

• 5 points per dollar on all travel booked through Chase Travel (Effectively 5.1 points with anniversary bonus).
• 2 points per dollar on travel (Effectively 2.1 points with anniversary bonus).
  • Includes airfare, hotels, car rentals, cruises, subways, trains, taxis, tolls, parking, Airbnb, Uber, etc.
• 3 points per dollar on dining (Effectively 3.1 points with anniversary bonus).
  • Includes sit-down or eat-in dining, including fast food restaurants and fine dining establishments, take-out, and restaurant delivery.
• 3 points per dollar on select streaming  (Effectively 3.1 points with anniversary bonus).
  • Includes Disney+, Hulu, ESPN+, Netflix, HBO Max, Sling, Vudu, Fubo TV, Apple Music, Apple TV, SiriusXM, Showtime, Pandora, Paramount+, Peacock, Spotify, YouTube Premium, and YouTube TV.
• 3 points per dollar on online grocery shopping (Effectively 3.1 points with anniversary bonus).
  • Excludes Target, Walmart, and wholesale clubs. The online grocery category includes purchases for grocery pickup and delivery that are placed online with grocery stores, specialty food stores, or delivery service merchants that classify as grocery store merchants such as Instacart (excluding membership and subscription fees). Meal kit delivery services are included in this category.
• 5 points per dollar on Lyft spending through 3/31/25. (Effectively 5.1 points with anniversary bonus)
• 1 point per dollar elsewhere (Effectively 1.1 points with anniversary bonus).
• There are no foreign transaction fees.

If you have a Sapphire Preferred and Sapphire Reserve, you’ll want to use the Preferred card for dining purchases (3.1x vs 3x after anniversary bonus), streaming purchases (3.1x vs 1x), online grocery purchases (3.1x vs 1x after anniversary bonus), airfare booked via Chase Travel (5.1x vs 5x after anniversary bonus), and everyday purchases (1.1x vs 1x after anniversary bonus)!

Spend threshold

You’ll need to spend $4,000 on this card within 3 months.

You can pay your federal taxes for a 1.82% fee.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.

Card benefits

• Primary rental car CDW insurance in every country.
• Trip Cancellation/Trip Interruption Insurance
• Lost Luggage Insurance
• Trip Delay Reimbursement
• Baggage Delay Reimbursement
• Travel Accident Insurance
• Purchase protection for items damaged or stolen within 120 days

Peloton bonus points

Make a Peloton purchase of $150+ and earn 5 points per dollar spent through 3/31/25, up to 25K points.

DoorDash DashPass Membership and $10 monthly credit

DoorDash DashPass allows you to get free delivery and lower service fees on $12+ orders from select restaurants that have a blue checkmark. There are also lots of promotions and free food offers available to DashPass members.

DashPass normally costs $9.99/month.

If you add your Sapphire Preferred to your Doordash account and open the Doordash app, you can enroll for free through 12/31/27!

You’ll also receive one promo of up to $10 off each calendar month at checkout on one grocery, convenience, or other non-restaurant order on DoorDash.

Increased points value

If you or someone in your household has a Sapphire Preferred Card you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.25 cents towards paid travel. That makes the 60K points worth at least $750 towards paid travel.

If you or someone in your household has a Sapphire Reserve card you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.5 cents towards paid travel. That makes the 60K points worth at least $900 towards paid travel.

Airline and hotel transferability

If you or someone in your household has a Sapphire Preferred you can transfer Chase Ultimate Rewards points into valuable airline and hotel mileage currencies.

Card convertibility

You can call Chase to convert this card or any of the following cards into another card from this list:

• Chase Sapphire Preferred® Card ($95 annual fee)
• Chase Sapphire Reserve® Card ($550 annual fee)
• Chase Freedom Unlimited® Card ($0 annual fee)
• Chase Freedom Card ($0 annual fee)
• Chase Freedom Flex Mastercard ($0 annual fee)

Note that in general, reps will only allow card conversions after you have had the card for 12 months.

If you or someone in your household has a Sapphire Reserve, then your points will be worth at least 1.5 cents towards travel!

Ultimate Comparison Chart Of Chase Ultimate Rewards Cards

Killer Combos

Stacking multiple Ultimate Rewards cards together can supercharge your earnings by getting you more points per dollar while increasing the value of all your points.

A Chase Bifecta would consist of a household that has the Sapphire Preferred or Sapphire Reserve and the Ink Business Unlimited® Credit Card. The total effective annual fees would be either $95 with Sapphire Preferred or $250 with Sapphire Reserve after accounting for that card’s $300 annual travel credit. With the Sapphire Preferred+Ink Unlimited you would earn 1.5 points per dollar everywhere, 2.1 points per dollar on all travel after the Sapphire Preferred annual bonus, 3 points per dollar on drugstores, 3.1 points per dollar on dining, streaming, and online grocery shopping after the Sapphire Preferred annual bonus, and 5.1 points per dollar on travel booked via Chase after the Sapphire Preferred annual bonus. You’ll be able to transfer all of your points into airline miles or hotel points.

A Chase Trifecta adds a no annual fee card like the Ink Business Cash® Credit Card or Chase Freedom Flex into the mix, so your total effective annual fee will still be $95 or $250. Both of those cards give options to earn a whopping 5 points per dollar in various categories on top of the 2-3 points per dollar that the Sapphire cards offer and the 1.5-5 points per dollar everywhere else with a Freedom Unlimited card.

A Chase Quadfecta would add both the Ink Cash and Chase Freedom Flex on top of a Sapphire card and an Unlimited card, so your total effective annual fee will still be just $95 or $250. The Quadfecta is the sweet spot and allows you to really supercharge your spending everywhere.

A Chase Quinfecta could add the Ink Preferred to that mix, adding $95 to the annual fee total. This make sense if you spend money on shipping, social media advertising, or search engine advertising, or if you want free cell phone insurance.

Again, all of these cards don’t need to be in one person’s name. 2 people from the same household can split up the requisite cards that make up the Quinfecta, as they can transfer the Ultimate Rewards points back and forth between themselves freely and they can add each other as an authorized user on their cards!

Airline transfer partners

You can transfer points at a 1:1 ratio to:

• United (Star Alliance)
• Air Canada Aeroplan (Star Alliance)
• Singapore (Star Alliance)
• Air France/KLM Flying Blue (Skyteam)
• Virgin Atlantic (Skyteam)
• British Airways (OneWorld)
• Aer Lingus (OneWorld)
• Finnair (OneWorld, via British Airways)
• Iberia (OneWorld)
• Qatar (OneWorld, via British Airways)
• Emirates
• JetBlue
• Southwest

Hotel transfer partners

You can transfer points at a 1:1 ratio to:

• Hyatt
• IHG
• Marriott 
• You can also transfer points to Hilton at a 1:1.5 ratio via Virgin Atlantic.

The great thing about Chase Ultimate Rewards is how versatile and valuable they are

The Ink Preferred Card and Sapphire Preferred cards allow you and anyone in your household to transfer Chase points into miles. They also allow you to use points at a value of 1.25 cents each towards travel.

The Sapphire Reserve also allows you and anyone in your household to transfer Chase points into miles. Plus it allows you to use points at a value of 1.5 cents each towards travel.

The fixed value is excellent and doesn’t require hunting down award space, but those points can be much more valuable by transferring them into airline miles or hotel points.

• If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, Paris, Sydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-40K points to Hyatt to do that, a value of up to 6 cents per point.
• If I need a one-way flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 7.5K points to British Airways to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
• Air Canada offers one-way short haul awards for just 6K miles. You can also get stopover awards for 5K miles, build round-the-world awards, and get free lap child awards in the US/Canada and bring lap children to anywhere else in the world for just C$25!
• If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 24K points with the Chase Sapphire Preferred® Card ’s minimum redemption value of 1.25 cents per point
• Flying Blue has award flights to Israel for 25K miles for adults or 18,750 miles for kids.
• If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 145K or 160K points to Virgin Atlantic. That’s a value of up to 23 cents per point. You can now redeem one-way awards for half the price as well!
• If I want to book a $2,281 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 182K points with the Chase Sapphire Preferred® Card ’s minimum redemption value of 1.25 cents per point, plus I’ll earn Qantas miles for more future travel as it’s considered a paid flight instead of an award flight.
• And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.

Will you signup for this Sapphire Preferred Card?