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So many of you were sad last November when Chase bumped the bonus offer to 80,000 Chase Ultimate Rewards points but you hadn’t quite hit your 4 year mark since getting a Sapphire Reserve during the 2016 launch.
In this article
Chase is back with a record breaking offer on the Sapphire Preferred card: 80,000 points + $50 grocery credit
Get 80,000 Chase Ultimate Rewards points when you spend $4,000 within three months plus get a $50 statement credit when you spend $50 or more at a grocery store.
The timing of the offer is good for many Chase fans that picked up the Chase Sapphire Reserve back in the winter of 2016/2017. In September of last year, Chase did a short-lived 80,000 point offer, but it didn’t come with the $50 grocery credit and many were not yet eligible for another Sapphire bonus.
Chase Sapphire Preferred Card Eligibility
That’s because on top of the Chase 5/24 rule, you are not eligible for a new Sapphire bonus if:
- You currently have a Chase Sapphire Reserve or Chase Sapphire Preferred card open.
- You got the signup bonus on either the Reserve or Preferred within the last 48 months.
Many that got the Reserve during the famous and never-repeated 100,000 bonus offer of 2016 just recently became eligible.
If you aren’t quite sure when you received it, you can send Chase a secure message to research it, or call them, though in both cases getting a straight answer comes down to the particular agent they get. Some get a result on the first try and others give up after 5 tries.
If you are eligible, the bonus is pretty unbeatable. And you always have the option to upgrade to a Sapphire Reserve or downgrade to a Freedom Flex or Freedom Unlimited after one year.
80,000 Ultimate Rewards points on the Sapphire Preferred are worth at least $1,000!
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Want more information on how the Chase Ultimate rewards points that you earn on this card work and the best uses? I have a guide here.
Or you can compare the Sapphire Preferred against the Sapphire Reserve to figure out which is best for your needs?
And if this post helped you, please consider sharing it!
You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.