(Deal EXPIRED) Chase Sapphire Preferred® Card: Get up to $300 in statement credits on Chase Travel℠ purchases within your first year and also earn 60,000 bonus points after $4,000 in purchases within the first 3 months of card membership

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Link: Chase Sapphire Preferred® Card

If you have been looking to get a Chase Sapphire Card, now may be a good time to pick one up due to an additional statement credit bonus for new card members. Get up to $300 in statement credit on Chase Travel℠ purchases within your first year and also earn 60,000 bonus points after $4,000 in purchases within the first 3 months of card membership. The offer that was previously running did not include any statement credit bonus.

When compared to previous offers such as the May 2023 offer of 80,000 points or the May 2024 offer of 75,000 points this new October 2024 offer is a good value. Hypothetically, if you were to convert $300 to points at a penny per point, you would end up with 30,000 + the 60,000 sign-up offer.

The Sapphire line of cards allow you to transfer points into various hotel and airline point programs. In my opinion, the Sapphire cards are some of the best cards to hold as a traveler. I personally use Ultimate Rewards points to transfer into Hyatt and United fairly often; those two partners work well with where I’m located and Hyatt has extremely good point redemption options.

You may be able to get a higher point offer by applying in-person at a local Chase branch office in person. There is a 70,000 + $300 offer available in branch only, but the spending requirements are higher, $6,000 in 6 months.

There are a few things to point out about this deal:

• I use the Chase Sapphire Preferred® Card to transfer points to airline and hotel programs. This gives me flexibility on which airlines and hotels I use for reward travel.

• This is one of the higher offerings we’ve seen for the card.

• To receive the sign-up bonus, you must spend $4000 or more in the first three months after you receive you are approved for the card.

• This card has an annual fee of: $95

• With Chase, you are likely to be denied if you have opened 5 or more cards with ANY bank within the past 24 months. Chase business cards don’t count towards the 5 card rule, but if you try to apply for one after you have opened 5 or more cards, you will likely be denied. If you are planning to apply for multiple cards, you should consider opening Chase business cards first, then Chase personal cards, and finally any other cards with any other bank.

• You may be able to get a higher point offer by applying in-person at a local Chase branch office. There is a 70,000 + $300 offer available in branch only, but the spending requirements are higher, $6,000 in 6 months.

• If you get denied and you have good credit, call their reconsideration hotline: 1-888-270-2127. Calling may not change the outcome, but there is a chance it will. You’ll also be able to get better insight in why your application was denied.

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