There’s a lot to love about the Chase Sapphire Preferred® Card (review). One of the awesome perks of the Chase Sapphire Preferred is a $50 annual Ultimate Rewards hotel credit, so in this post, I wanted to take a closer look at how that works.
In this post:
What is the Sapphire Preferred $50 hotel credit?
The Chase Sapphire Preferred offers a $50 annual Ultimate Rewards hotel credit. The concept is that those with the card receive a $50 credit towards a hotel stay annually that’s booked through the Ultimate Rewards portal.
While this is quite straightforward, naturally there are some terms to be aware of:
- A statement credit will automatically be applied to your account when your card is used for hotel accommodation purchases made through the Ultimate Rewards website
- The statement credit will be issued up to an annual maximum of $50, with no minimum spending required
- There’s no registration required, but rather statement credits will post to your account within two days after your purchase posts to your account
- New cardmembers get this benefit their first cardmember year, and in each subsequent year; those who had the Sapphire Preferred before the August 2021 refresh will get their first credit after their next annual fee is due
- For the purposes of this credit, “annual” is defined as the year beginning with your account open date through the first statement date after your account anniversary, and the 12 monthly billing cycles after that each year
How do you redeem the Sapphire Preferred $50 hotel credit?
To redeem your Chase Sapphire Preferred $50 hotel credit, just go to the Chase Ultimate Rewards Travel portal. Once you’re logged in, go to the “Travel” section.
Then you’ll see the travel search tool, which is powered by Expedia. Select the “Hotels” tab.
Select where and when you’d like to stay, and then click “Search.” On the results page you can filter by price, location, hotel name, star rating, etc.
Once you select a hotel, just go through the booking process. Make sure you choose to pay with cash rather than points, or else you won’t receive the statement credit.
There’s nothing further required to unlock the statement credit — just make sure you charge the purchase to your Chase Sapphire Preferred, and you’ll automatically receive a credit, up to the $50 limit.
Is it worth using the Sapphire Preferred $50 hotel credit?
The upside of using the Chase Sapphire Preferred annual hotel credit is obvious — you can save up to $50 on a hotel stay. So why wouldn’t you want to book through the Chase Travel portal? There are a couple of main downsides:
- Since the Chase Travel portal is an online travel agency, this is considered a third party booking, so you generally won’t earn points or receive elite benefits if you’re staying at a major chain hotel
- While the Chase Travel portal has competitive pricing, in some cases you’ll get better rates when booking directly with a hotel; some hotels have discounts for loyalty program members, AAA members, seniors, etc.
Personally, my strategy for using the Sapphire Preferred hotel credit would be as follows:
- Try to use it for a stay at an independent hotel, where you’re not forgoing points or elite benefits
- Try to use it for a stay that costs as close to $50 as possible, so the opportunity cost is the lowest compared to the rates you may find elsewhere
- In some cases it could still be worth using the credit at a chain hotel; for example, if you have a one night stay at a Hyatt Place that costs $80, it could be worth forgoing elite perks in order to knock $50 off the price
I absolutely think there’s value in this credit, though I also think it’s important to be strategic about how you use it.
Bottom line
The Chase Sapphire Preferred has lots of amazing benefits, and the $50 annual credit is one of them. The card offers a $50 annual hotel statement credit that can be used through the Ultimate Rewards portal. This is a new benefit, so I know there has been some confusion about how it works. Hopefully the above clarifies any questions there may have been.
I’d recommend using the hotel credit strategically, and if used correctly, this should recoup more than half of the annual fee on the card.
What do you make of the Chase Sapphire Preferred hotel credit, and if you’re a cardmember, how do you plan on using it?
Just want to add that I, too, thought I would be eligible for this. I wanted to use it for a October 2021 hotel booking. I am a longtime Chase Sapphire Preferred cardholder; the ultimate rewards travel website lists the credit being available after the account anniversary date in 2022.
I still like the benefit, but thought I could have used the benefit now. Something tells me the annual fee in 2022 won’t be the same the annual fee I pay now :)
@ Ben/Lucky:
Your comment below is incorrect. Cardmembers DON'T get this benefit for their first year.
"New cardmembers get this benefit their first cardmember year, and in each subsequent year; those who had the Sapphire Preferred before the August 2021 refresh will get their first credit after their next annual fee is due"
Here's what the Chase website says:
"$50 Annual Ultimate Rewards Hotel Credit*
Access this benefit after your...
@ Ben/Lucky:
Your comment below is incorrect. Cardmembers DON'T get this benefit for their first year.
"New cardmembers get this benefit their first cardmember year, and in each subsequent year; those who had the Sapphire Preferred before the August 2021 refresh will get their first credit after their next annual fee is due"
Here's what the Chase website says:
"$50 Annual Ultimate Rewards Hotel Credit*
Access this benefit after your statement closing date following your next account anniversary on 08/10/2022. Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Ultimate Rewards."
I'm in the same boat!
And, it's taking on water.
80k despite calling in before the card was actually issued and no 100k. Locked out of the $50 until next year.
Don't feel bad. Husband applied one day before the blogs stated bonus was going from 60K to 80K, using my referral when that was only 15K, since increased to 20K. That 80K increased bonus happened before he received his card. Longtime Chase customer (since the 1980s), made call to Chase - no dice. And then the bonus went to 100K. And we are both locked out of the $50 until next year, too.
Somewhat of a fringe case for chains, but thinking in terms of group/family travel, you could book your room direct and then one of the 'other' rooms via Chase assuming there are folks in the party that don't care about the points/benefits/etc. Same would apply for flat-out booking for someone else if you're not traveling with them.
Chase is really making their almost new customers angry.
I've referred and recommended a lot of people to get this card when it was 80k bonus.
Now they up it to 100k bonus and those who applied before the refresh not only had lower bonus, they had to wait almost a year to get this $50 credit.