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Updated May 20th with new information on this offer’s end date in the first section below.
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Chase Sapphire Preferred: Get 80,000 Ultimate Rewards Points + $50 credit for Groceries
On March 23rd, Chase launched the best ever public / online offer for the Chase Sapphire Preferred card with 80,000 Chase Ultimate Rewards points + a $50 grocery credit on offer. (In branch, if you had the time, you could even have the first year’s annual fee waived).
Specifically, you’ll get 80,000 bonus Ultimate Rewards points when you spend $4,000 in 3 months plus up to $50 in statement credits for grocery store purchases.
We had thought that, due to this DoC post, the offer was going to expire on May 22nd or May 23rd. But new information in that same post now indicates a false alarm. (HT to MilesTalk group member Jon. J.)
It appears that offers are being emailed out by Chase to people and those offers contain an end date. The first reader to spot an end date noticed it as May 23rd, and that led to several blogs, including this one, speculating this is when the offer would be pulled for everyone.
However, it now seems that readers have reported end dates at least as late as at least June 1st.
At this point, and having heard no official work of an impending end date, I think this was a false alarm… I think we should continue to pay attention to offer end dates on mailers, but I think the end dates will keep getting later and later.
Possibly, like the Chase Ink Business card bonus offers, these higher bonuses stick around for quite a while. The Ink offers have simply become standard offers.
Truly, if I were Chase, I would leave these bonuses “elevated” until I refreshed the cards, or at least the bonus categories, which have been lackluster by comparison to their no fee Freedom card lineup (Freedom Flex and Freedom Unlimited) ever since those got refreshed. But…. I don’t work for Chase ;-).
This end date is important, since with every day that goes by, more people that opened a Sapphire Reserve or Preferred four years ago reach the threshold for eligibility – 48 months since they last got a bonus.
Anyone that does not currently have a Chase Sapphire Reserve or Chase Sapphire Preferred card is eligible as long as they have not received a bonus on a Sapphire series card in the past 48 months. If it’s been 48 months but you currently hold the card, you are able to downgrade your Sapphire card to a no-annual fee Chase Freedom Flex or Chase Freedom Unlimited, wait a week or so, and then apply anew for this fantastic offer.
80,000 Ultimate Rewards points on the Sapphire Preferred are worth at least $1,000!
The Chase Sapphire Preferred Remains the Best “Starter” Card for Miles and Points
Don’t confuse that with “best card” or “best earning card” because it’s not. With an earn rate of 2X on travel and dining, and 1X on everything else, it’s “OK,” however, we can do better in all categories.
But the points you earn are fully transferable to Chase Ultimate Rewards transfer partners and 80,000 is more than enough to get the hang of how the Chase points ecosystem operates. (And I’ll help you!)
With just a $95 annual fee, it’s a low risk way to get started. As soon as you have your bearings, I advise adding a Freedom Flex or Unlimited, which both earn 3X on dining and drugstores and can be combined into your Sapphire points balance (why not just one of those Freedom cards? Because you can’t transfer points unless you have an Ultimate Rewards card with an annual fee like the Chase Sapphire Preferred. You could also consider a full-on Chase Trifecta.
It also comes with these card benefits:
- Primary car rental CDW (collision damage waiver) coverage.
- Trip delay insurance benefits, up to $500 per covered claim
- Trip cancelation insurance benefits, up to $10,000 per person per covered claim $20,000 per trip max.
- Baggage delay and lost luggage insurance benefits
- Purchase Protection covers new purchases made with the Preferred card for 120 days against damage or theft (Up to $500 per claim and $50,000 per account).
- Extended Warranty Protection extends the U.S. manufacturer’s warranty by an extra year (on eligible warranties of 3 years or less).
- No foreign transaction fees.
- One year of DoorDash Dash Pass
- 5X on Lyft rides through March 2022.
Chase Ultimate Rewards Transfer Partners
For me, Hyatt is the number one transfer partner, hands down. But you have lots of options.
|Chase Ultimate Rewards Transfer Partners||Last Updated: January 2021|
|Transfer Ratio||Expected Transfer Time *|
|Aer Lingus Avios||1:1||Instant|
|Air Canada Aeroplan||1:1||Not Yet Live: Coming in 2021|
|Air France Flying Blue||1:1||Instant|
|British Airways Avios||1:1||Instant|
|Singapore Airlines KrisFlyer||1:1||~ 1 - 2 days|
|Virgin Atlantic Flying Club||1:1||Instant|
|Marriott Bonvoy||1:1||~ 1-2 days|
|IHG Rewards Club||1:1||~ 24 hours|
In short, if you are eligible, you should be getting on this bonus before it’s too late… but it seems there’s a bit more time.
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.