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If you don’t currently have the Chase Sapphire Reserve or Preferred and haven’t gotten the bonus offer on either card in the last 48 months, you’re in luck.
In this article
New 80,000 point bonus offer on the Chase Sapphire Preferred (Limited Time)
While it seems clear that a bigger card refresh is in order, given the new Freedom Flex and the enhancements to the Freedom Unlimited (and I also opined about what enhancements I’d like to see in my ode to the Sapphire Reserve after 4 years), it seems that Chase will, in the near term, generate some additional excitement on the Sapphire Preferred with a massive new and best-ever bonus offer for a new Chase Sapphire Preferred card.
Now, when you are approved for a new Chase Sapphire Preferred card and spend $4,000 within 3 months, you’ll get 80,000 bonus Ultimate Rewards points.
So is this a good offer?
The public bonus on this card has never, ever been higher. It has been 80,000 points once before, but that required a whopping $20,000 in spend. This is just $4,000 in total spend.
What if you recently got a Chase Sapphire Preferred with the 60,000 point offer?
If you recently got a new Chase Sapphire Preferred – in the last 90 days – send a secure message to Chase asking for them to give you the newer offer, assuming you can meet the additional spend. They likely will but, if they don’t, call and ask for a supervisor if necessary. It can be done.
If you want to brush up on how the card works and/or the card benefits we have a full review of the Chase Sapphire Preferred.
The annual fee remains $95, not waived the first year.
Limitations on Eligibility
You’ll need to have last gotten a bonus on the Reserve or Preferred at least 48 months ago and, to be clear, that means when you received the bonus – not when you were approved for the card. If you Secure Message or call Chase, they can tell you.
It’s also, as all Chase cards are now, subject to the Chase 5/24 rule.
Could a better offer be coming?
I don’t think a better offer is coming on this card, though I do still think they need to refresh bonus categories and benefits on both Sapphire cards, as I opined here.
It’s possible that a higher offer will come to the Reserve, also in light of the lack of enthusiasm around the offering now compared to the Freedom Flex and Freedom Unlimited. At the same time, Chase has favored promoting the Preferred over the Reserve for quite some time now, so it’s far from a guarantee.
It’s rumored (via Chase phone agents) that this bonus will end November 8th, 2020.
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.