Chase Sapphire Preferred® Card Increased Sign-Up Bonus

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Update: This offer is expired. You can find the current offer details here.

Link: Chase Sapphire Preferred® Card

It looks like Chase has increased the sign-up bonus on the Chase Sapphire Preferred Card. Previously it was 40,000 Ultimate Rewards points after spending $4,000 within three months, while now you get an additional 5,000 Ultimate Rewards points when you add an authorized user to the card that makes a purchase within three months. So that’s a total of 45,000 Ultimate Rewards points with just $4,000 in spend! While the annual fee is $95, it’s waived for the first year.

Despite the devaluations to some Ultimate Rewards transfer partners, I still think this is the all around single best credit card out there, given that it offers:

  • Double points on dining and travel
  • No foreign transaction fees

So you’re earning one Ultimate Rewards points per dollar spent on all purchases, and two Ultimate Rewards points per dollar spent on dining and travel (and for what it’s worth they have a pretty liberal interpretation of travel, as it includes subway tickets, parking, etc.). Add that to the waived foreign transaction fees, and it’s a super-card, in my opinion.

Keep in mind that if you open the card now and complete the minimum spend fairly quickly you’ll still be able to transfer these miles to United and redeem them pre-devaluation. Their devaluation only kicks in for bookings made after February 1, 2014, and given how much award costs are going up in some markets, that could translate into quite a bit of value by getting this card now and making a redemption using the old rates.

For more on redeeming Ultimate Rewards points, check out my posts about the best uses of Ultimate Rewards points and my valuation of Ultimate Rewards points.

Link: Chase Sapphire Preferred® Card

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Comments

  1. @Lucky: Where’s your source? I JUST received my card over the weekend after signing up both the Sapphire and SPG Biz through your links. There’s no mention of this in the packet…Is it already live?

  2. This is NOT the best offer out there. Lucky, do your due diligence and offer your readers the best offer out there which is 50k points + 5k for AU. This can easily be found on chases own website.

  3. so this offer is 40,000 bonus points + 5,000 for adding an AU?

    i read on another blog that the bonus increased to 50,000 bonus + 5,000 for adding an AU? is that different offer from the one you posted?

    here are the links i am referring to:

    http://www.welltraveledmile.com/chase-sapphire-preferred-bonus-increases-to-50000-chase-freedom-to-20000/

    https://creditcards.chase.com/credit-cards/sapphire-preferred-card.aspx?CELL=63WS&inkcashsplit=1&inkplussplit=1&sapphireprefsplit=4

  4. Chase has a better offer on their website. 50K + 5K for AU. Atleast gary has the decency to not delete comments telling your readers of better offers out there.

  5. I wish Chase would post the annual dividend in January instead of February… My 7% dividend is going to be nearly 100k this year.

  6. So what’s the word on how many times you can earn a bonus? Mrs snic had this card for a year and then canceled about a year or two ago. Would they give her the bonus if she applies now?

  7. Sorry folks, had received notice of the new offer and Googled to make sure the public offer was the same. Just updated the post to reflect the higher offer, and verifying that this is indeed correct. Just doing some research, but in the meantime updated the post. Thanks.

  8. thanks to those pointing out the new offer. The new offer does in fact point to the additional 10k sign on bonus, and 5k authorize user.. but also an increase in annual fee of $125 after the first year. No biggie as I just did a quick call into Chase to have them match.

  9. Just curious if there’s a sign up for the MasterCard version of this card? I already had the Visa 18 months ago and have already cancelled it, will it still be able to receive the promotion if I reapplied again? Thanks very much for your help.

  10. @thomas, when did you apply and get your card. I just sent a secure message asking to be matched to the 5K for authorized user offer (didn’t know about additional 10K bonus at the time) and was denied. I applied for the card in late October and got in on Nov. 1.

  11. @turgutbey: applied and approved on 11-9, received the card on the 15th i think…The rep made a note on my account for the marketing team to contact me to verify of the change. And he suggested to add an authorized user (during the call) to make sure I’m qualified for the new benefits right away…

  12. How long has the AU offer been in effect? I applied about 3 weeks ago, cards just arrived last week. Wonder if I missed out on the extra 5K points.

  13. That 55K signup indicates annual fee will be $125 after first year. Can we all expect a $30 increase in the annual fee upon next renewal?

  14. ALLED IN 1-(800)-297-5578 & they said 55k.

    Painful to do it over the phone though!

    If I had the CSP VISA FROM JUNE 2011 THROUGH JUNE 2012 Can I get this again now?

    I had the CSP MC from June 2012 through June 2013.

  15. Ditto on MH’s question. I am similar situation, got the Visa in 2011 summer cancelled a year later and got the MC in 2013, still has the MC now and wonder if I may get the Visa again. Or I should cancel the MC in order to get the Visa?

    Also is there still MC application for CSP available? Can’t seem to find one, thanks very much!

  16. I am a business owner (sole proprietor) and will be making some big purchases in the near future for the business. I also need to make the minimum spend for my personal credit cards. I’m thinking to use my personal credit cards to pay my business paypal account, and then use my business paypal to make the purchases. I don’t think it’s laundering because I’m still using the money for purchases. I’ll take a hit on the paypal fee, but that’s fine because the signup points more than make up for it. Would this strategy to make the minimum spend work?

  17. I previously signed up for the Chase Sapphire Preferred, took the sign-up bonus, and then canceled it to avoid the annual fee.

    Can I re-apply and get another sign-up bonus? If so, how long do I have to wait? Is the card really worth keeping for the annual fee or would it be better to just keep canceling and signing up again to take the sign up bonus multiple times?

  18. @ Tommy Z — The card isn’t churnable, meaning you can only earn the bonus once. I find the card to be well worth keeping long term for the waived foreign transaction fees and double points on dining and travel.

  19. Hi Lucky,
    Is it possible to use this card for miles on other star alliance airlines? Specifically Thai? What card would you recommend for Thai Airways?
    Thank you,
    Tim

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