If you are looking to apply for the Chase Sapphire Preferred credit card, then check out this new bonus that will earn you 80,000 Ultimate Rewards points. The annual fee is not waived, which is possible with the in-branch offer. But this new offer is also available through referrals, which can still be a better option. Check out the details of this Chase Sapphire Preferred 80K bonus below.
The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.
This card also falls under the Chase 5/24 rule which means that if you’ve had 5 or more new credit cards in the last 24 months, your application will be declined.
Chase Sapphire Preferred is a great product that gets you some extra benefits, but the main attraction right now is the signup bonus. That’s worth at least $1,000 when redeemed for travel or through Pay Yourself Back. You can extract even more value by transferring points to Chase travel partners, especially if you are familiar with the programs.
As I mentioned in the intro, you should first check referrals. If a friend or family member refers you, then they get 20,000 points as well. That’s a total of 100,000 points and at least $1,250 in value. You should also check Chase Credit Journey for a 100K offer, or your local Chase branch for an 80K offer with the waived annual fee.
If you recently applied for the Sapphire Preferred card with a 60,000 points bonus, it’s worth contacting Chase and ask them to match you to this improved offer. There are some promising data points recently.
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