Huge: Chase Sapphire Preferred 80K Bonus Points Offer

Huge: Chase Sapphire Preferred 80K Bonus Points Offer

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In mid-April, we saw a fantastic limited time welcome bonus rolled out on the Chase Sapphire Preferred® Card, which anyone who is eligible should consider. I wanted to recap this offer, since it has been a few weeks, and it’s anyone’s guess how much longer this will be around.

Chase Sapphire Preferred offering 80,000 points

The Chase Sapphire Preferred has a limited time welcome offer of 80,000 Ultimate Rewards points after spending $4,000 within the first three months. Previously the card offered a bonus of 60,000 points, so this is a huge improvement. While this offer is marketed as being limited time, we don’t yet know the end date.

Ultimate Rewards points can be redeemed for a minimum of 1.25 cents each toward travel through the Chase Travel Portal, meaning 80,000 points will get you at least $1,000 in travel. However, personally I value Ultimate Rewards points at 1.7 cents each thanks to the other ways to redeem them, so to me this bonus is worth ~$1,360.

Book a lot of awesome travel with 80,000 Ultimate Rewards points!

Who is eligible for the Chase Sapphire Preferred bonus?

You can be approved for the Chase Sapphire Preferred if:

  • You don’t currently have a Chase Sapphire card (Preferred or Reserve)
  • You haven’t received a new cardmember bonus on a Chase Sapphire card (Preferred or Reserve) in the past 48 months

Note that this is based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule. See this post for more details on eligibility requirements for the Sapphire Preferred.

Keep in mind the restrictions on being approved for Chase cards

Why the Chase Sapphire Preferred is worth it

The $95 annual fee Chase Sapphire Preferred is one of the most well-rounded mid-range cards out there. In 2021 the card underwent a refresh that made it even more compelling. The card has the following perks, among other things:

Read a full review of the Chase Sapphire Preferred here.

Earn 3x points on dining with the Sapphire Preferred

Bottom line

For a limited time, the Chase Sapphire Preferred is offering a welcome bonus of 80,000 Ultimate Rewards points upon completing minimum spending. This is an excellent bonus on a card that offers so much value. 80,000 Ultimate Rewards points will get you a minimum of $1,000 toward travel, though in reality you can get much more value than that with Chase’s transfer partners.

All of this comes after the card underwent a positive refresh in 2021, making it more rewarding. In my opinion this is the most well-rounded mid-range credit card out there. If you don’t yet have the Chase Sapphire Preferred and are eligible, you absolutely should apply with this offer.

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  1. Alex Guest

    I recall just getting a 100K bonus last year after downgrading my CSR to a Flex and then getting the CSP. That doesn’t make the 80K off seem so “huge”.

  2. Trey Guest

    Data point: I had a CSR for a little over 4 years that I cancelled in Feb. I saw I was preapproved for the CSP on my Chase log in - so I applied - approved.

  3. Ehhhh Guest

    finally will be using all my points from chase this year and will finally close my reserve. will need at least a 100k bonus before I consider bringing my business back to chase.

  4. Omar Guest

    Still stuns me how much is written about this card. The commission must be truly way above all other cards.

    1. Andrew Gold

      Agreed, I think whatever is "huge" isn't the 80k points. With United on the strong plummet for redemption values and Hyatt introducing surge pricing, this seems like the old deal with 60k points at best.

  5. Joe Guest

    Let me know when it’s 100k signup bonus again

  6. mrl New Member

    I think I saw somewhere else that the first year annual fee is waived in branch. Do you know if that’s correct?

    1. Steve Guest

      Yes, that is correct if you like to make a trip to a branch.

  7. Jason Guest

    I was talking with a Chase rep the other day about the possibility of cancelling my CSP and re-applying to get a new sign-up bonus. (I’ve had the card for 5+ yrs.). She said I needed to cancel the card and have cancelled it for 48 months before I would be eligible. I repeated it back and said that isn’t what I understood the case was, and she re-asserted that it needed to be cancelled for a period of 48 months. Was she wrong? Are we sure?

    1. 305 Guest

      It’s even worse: 48 months since your last Sapphire bonus, irregardless of it was CSP or CSR.

    2. tigris2iii New Member

      She's wrong. It's 48 months from last received bonus.

    3. Hepworth Guest

      Same question here. It’s been 48 months since I’ve e received a bonus, but I currently have the reserve. I would cancel the reserve and apply for preferred (through OMAAT link of course) if I was eligible for this bonus.

    4. LarryInNYC Gold

      You're eligible although I think most people advise waiting a week or two after you downgrade (don't cancel) your current card.

  8. Philip Guest

    Tks for flagging, very nice offer. But to check - the 48 month rule applies to the date since points from a previous bonus hit my account, rather than 48 months since opening the card, right? I took out a CSP in early April 2018 (so that's now just over 4 yrs ago - and since closed). But the bonus points for the initial spend only hit my account in the July or August 2018....

    Tks for flagging, very nice offer. But to check - the 48 month rule applies to the date since points from a previous bonus hit my account, rather than 48 months since opening the card, right? I took out a CSP in early April 2018 (so that's now just over 4 yrs ago - and since closed). But the bonus points for the initial spend only hit my account in the July or August 2018. So I think I need to wait til this July/August to get another bonus. Does that seem the correct ? (and I appreciate this offer may well not be open then). Thanks as ever for any advice

  9. Jan Guest

    I'm close until the 48 mo rule from Chase when I last got my CSR.
    Is canceling my current CSR, applying for CSP, then upgarding it to CSR a yr later a legit/logical move? Or will they put me in the naughty list for such stunts?

    1. Alex D Guest

      I have the exact same question!

    2. Nick Guest

      Why not…CSR to CSP then get cap one Venture X?

  10. Andrew Gold

    I'm still in the Citi camp - I have been since I realized Chase Private Client was a total marketing scam. And Sapphire banking is simply a word they put in the name to imply synergy... but there totally isn't.

    Citi has 5x for anything up to $500/mo with Custom cash, 2x on unbonused spend with Double cash and Premier for 3x on all travel and regular grocery stores is a superior value proposition. Despite...

    I'm still in the Citi camp - I have been since I realized Chase Private Client was a total marketing scam. And Sapphire banking is simply a word they put in the name to imply synergy... but there totally isn't.

    Citi has 5x for anything up to $500/mo with Custom cash, 2x on unbonused spend with Double cash and Premier for 3x on all travel and regular grocery stores is a superior value proposition. Despite them not having a CSR competitor (for which there are many good alternatives), they're way ahead in the mid-game.

    Plus, if you have Citigold you get a discount on Exec Plat card AFs. Does Chase do that?

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The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Jason Guest

I was talking with a Chase rep the other day about the possibility of cancelling my CSP and re-applying to get a new sign-up bonus. (I’ve had the card for 5+ yrs.). She said I needed to cancel the card and have cancelled it for 48 months before I would be eligible. I repeated it back and said that isn’t what I understood the case was, and she re-asserted that it needed to be cancelled for a period of 48 months. Was she wrong? Are we sure?

1
Alex Guest

I recall just getting a 100K bonus last year after downgrading my CSR to a Flex and then getting the CSP. That doesn’t make the 80K off seem so “huge”.

0
Andrew Gold

Agreed, I think whatever is "huge" isn't the 80k points. With United on the strong plummet for redemption values and Hyatt introducing surge pricing, this seems like the old deal with 60k points at best.

0
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