There’s a new Chase Sapphire Preferred 50000 point offer available. To get the signup bonus, you’ll need to spend $4000 in the first 3 months of opening the account. The typical bonus for the Chase Sapphire Preferred card is 40,000 points, so an extra 10,000 Ultimate Rewards is always welcome!
You’ll also get 5,000 Ultimate Rewards when you add an authorized user and that user makes a purchase in the first 3 months.
Chase Sapphire Preferred 50000 point offer benefits
The Chase Sapphire Preferred is one of the best cards out there, especially for people that aren’t super interested in signing up for lots of cards. Personally, I try to always be meeting minimum spend on a credit card, and cycling through spending on different cards. But for those people who just want to get ONE card, it’s hard to argue with the Chase Sapphire Preferred.
The main benefit I see of this Chase Sapphire Preferred 50000 point offer is being able to transfer your Chase Ultimate Rewards to transfer partners such as British Airways, Hyatt, United, Amtrak and more.
I used 100,000 Chase Ultimate Rewards to transfer to Amtrak to get a $6540 trip for free!
Here are the details on the Chase Sapphire Preferred 50000 point offer
- 50,000 bonus points when you spend $4000 in the first 3 months
- 5000 bonus points for adding an authorized user and having him/her make a purchase in the first 3 months
- $95 annual fee (waived the first year)
Some of the other benefits of the Chase Sapphire Preferred 50000 point offer that range from marginally useful to very useful are:
- No Foreign Transaction fees (this is important, but many cards now offer this)
- It’s chip enabled (SEE ALSO: US Chip and PIN cards – what they are and why you’re seeing them)
- You get 2x points on travel
Who should not take advantage of the Chase Sapphire Preferred 50000 point offer
While I do find myself often recommending the Chase Sapphire Preferred card, especially now that the signup bonus is 50000 points, people who frequently sign up for credit cards should probably not bother applying.
According to the current credit card rules and best practices, Chase is denying applications for the Chase Freedom and Chase Sapphire card to anyone who has more than 5 new accounts open in the past 24 hours (from any bank). So I know that I won’t be eligible for instance, but that’s okay. I’ve earned a “few” more than 50,000 points from credit card signups over the past few years… 🙂
Where to get the Chase Sapphire Preferred 50000 point offer
Lastly, it’s important to know that you have different options if you want to apply for the Chase Sapphire Preferred 50000 point offer. Nearly all of the blogs that are talking about this increased offer also make money if you apply for the Chase Sapphire Preferred 50000 point offer through links on their website. I don’t think there’s anything wrong with that, but I do feel that it is important as a consumer to know if the person recommending the card also makes money from you if you act on it!
There are also Chase Sapphire refer a friend offers active, so if you have a friend with a Chase Sapphire card, you can ask them (and they will get 5000 Ultimate Rewards for referring you)
There is also a public link for the Chase Sapphire Preferred 50000 point offer on Chase’s website, if you want to support nobody (I guess that supports Chase? :-D)