The Chase Sapphire Preferred Got Even Better With a $900 Welcome Bonus – CNET

If you’re looking for a new travel credit card, listen up.

Chase is offering a limited-time 75,000 point welcome bonus when you open a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® and spend $4,000 within three months.

“This is a powerful bonus on a good card,” said Jason Steele. credit card expert He is also a member of the CNET Expert Review Board. “It’s not the best ever, but it’s better than the standard offer on a card that should be in the wallet of anyone looking to earn travel rewards.”

We don’t know how long limited-time bonuses will be around, but history tells us they won’t be around forever. Here’s what you need to know about boosted bonuses and which cards qualify for them.

What is the new Chase welcome bonus?

Now, you’ll earn 75,000 points when you spend $4,000 on eligible purchases within the first three months of opening your Sapphire Preferred or Sapphire Reserve card. This means you need to spend at least $1,334 each month to qualify for the bonus.

That’s an increase of 15,000 points from Chase’s regular 60,000 bonus with the same spending requirements and time period.

“I’ve seen slightly higher offers on CSP in the past, but there’s never a guarantee they’ll come back. And if they do, there’s never a guarantee when that will happen,” Mark Reese says Mr. credit card expert CNET ERB member. Summer vacation is almost here, and it’s a great time to save hundreds of dollars on your upcoming trip.

To earn this bonus, pay your bill with a credit card to earn the bonus faster. Or you might be able to earn a bonus if you’re preparing for a major purchase for which you already have the funds, such as a home improvement project or a trip.

About Chase’s Premium Travel Card

Sapphire Preferred is already a top travel credit card. In addition to the welcome bonus, these two popular travel cards have several perks to help you book your flights and road trips. Please plan how you want to use your card before applying.

“Both of these cards come with great travel insurance and purchase protection benefits,” Steele said. “CSR also offers paid roadside assistance and emergency evacuation coverage, both of which come with major auto insurance plus trip delay and trip cancellation coverage.”

But there are big differences in annual fees, cardholder credits, reward rates, and more, all of which can make a big difference in the long run. Here’s an overview and comparison of both cards to help you decide which one is best for you.

read more: Chase Sapphire Preferred Card vs. Chase Sapphire Reserve: Which is better?

How do I redeem my bonus?

This enhanced welcome bonus means if you earn the bonus before the end of the three-month period, you’ll earn free flights, hotel stays, and other travel accommodations in time for your late-summer trip. Helpful.

When you redeem your rewards for travel with Chase Travel℠, you’ll redeem points at an increased rate of 1.25 cents per point with Sapphire Preferred and 1.5 cents per point with Sapphire Reserve. That means it could be worth between $937 and $1,125.

In addition to the Chase portal, you may also be able to redeem points at higher rates at Chase’s travel partners.

You may also redeem points for other purchases, gift cards, or statement credits, but they will have a lower value.

read more: 6 reasons why Chase Sapphire is your next credit card

Am I eligible for Chase’s 75,000 point bonus?

Chase travel cards typically require good to excellent credit. Therefore, your FICO score is 670 or higher. There are several other disqualifying factors as well.

• Cannot be a current Sapphire cardholder.
• I have not earned a Chase Sapphire bonus in the past two years.
• Don’t exceed Chase’s 5/24 rule. This means he must not apply for 5 cards from any issuer within the past 24 months.

If you have any questions, we recommend calling Chase’s customer service line at 1-800-432-3117 for questions and assistance.