The Chase Sapphire Preferred® Card is a popular travel rewards credit card that offers a variety of benefits, including bonus categories and the ability to earn Chase Ultimate Rewards points.
One of the biggest draws of the card is its welcome bonus, which can vary over time.
In this article, we will take a look at the history of the welcome bonus for the Chase Sapphire Preferred, including past offers and trends, to help you understand what to expect from this popular credit card.
Full Card Review: Chase Sapphire Preferred® Card.
Current Welcome Bonus for Sapphire Preferred
The Chase Sapphire Preferred currently offers the following welcome bonus:
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- 5x Points on Travel Booked Via Chase
- 3x Points on Dining and Eligible Delivery Services
- 2x Points on All Other Travel Purchases
- 10% Anniversary Points Boost
- Trip Delay and Trip Cancellation Insurance
- Primary Rental Car Insurance
- $95 Annual Fee
Best Ever Bonus for Sapphire Preferred
The all-time high bonus for the Chase Sapphire Preferred was between June 2021 and October 2021 offering 100,000 bonus points after spending $4,000 in the first three months of account opening.
Welcome Bonus History
Below is the history of the welcome bonuses for the Chase Sapphire Preferred before the current welcome bonus.
| Approximate Date | Welcome Bonus |
|---|---|
| April 2023 to May 2023 | Earn 80,000 bonus points after spending $4,000 in the first three months of account opening. |
| June 2022 to April 2023 | Earn 60,000 bonus points after spending $4,000 in the first three months of account opening. |
| April 2022 to May 2022 | Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. |
| October 2021 to April 2022 | Earn 60,000 bonus points after spending $4,000 in the first three months of account opening. |
| June 2021 to October 2021 | Earn 100,000 bonus points after spending $4,000 in the first three months of account opening. |
| March 2021 to June 2021 | Earn 80,000 bonus points after spending $4,000 in the first three months of account opening. Plus, earn a $50 statement credit on grocery store purchases |
| November 2020 to March 2021 | Earn 60,000 bonus points after spending $4,000 in the first three months of account opening. |
| September 2020 to November 2020 | Earn 80,000 bonus points after spending $4,000 in the first three months of account opening. |
| March 2019 to September 2020 | Earn 60,000 bonus points after spending $4,000 in the first three months of account opening. |
| 2016 to March 2019 | Earn 60,000 bonus points after spending $4,000 in the first three months of account opening. |
When to Apply for the Sapphire Preferred?
The best time to apply for the Chase Sapphire Preferred is when the welcome offer is at least 80,000 points, which typically happens for at least a few months each year.
Earning Points with the Sapphire Preferred
The Chase Sapphire Preferred earns Ultimate Rewards points and offers bonus points on spending in several categories:
- 5 points per dollar on travel booked through the Chase travel portal;
- 5 points per dollar on Lyft purchases (through March 2025);
- 5 points per dollar on Peloton equipment and accessory purchases of $250 or more (through March 2025, with a limit of 25,000 bonus points);
- 3 points per dollar on dining, including eligible delivery services, takeout, and dining out;
- 3 points per dollar on online grocery store purchases (excludes Target, Walmart, and wholesale clubs);
- 3 points per dollar on select streaming services, including Netflix, Disney+, Spotify, Youtube TV, Pandora, Apple Music, SiriusXM, Sling, Vudu, Fubo TV, Hulu, and ESPN+;
- 2 points per dollar on all travel not booked through the Chase travel portal; and
- 1 point per dollar on all other eligible spending.
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Sapphire Preferred Benefits
The Chase Sapphire Preferred offers nice benefits, including:
- Receive 25% more value on points redeemed for travel through the Chase Ultimate Rewards® portal.
- $50 annual credit on hotel stays purchased through Ultimate Rewards.
- 10% Points Bonus for each Cardmember anniversary.
- A complimentary one-year subscription to DashPass by DoorDash when you enroll by December 31, 2024.
- Trip cancellation and interruption insurance (up to $10,000 per person and $20,000 per trip).
- Primary car rental insurance.
- Lost luggage reimbursement (up to $3,000 per passenger)
- Baggage delay insurance (up to $100 per day for five days).
- Trip delay insurance (up to $500 per ticket for a delay longer than 12 hours or overnight).
- Extended warranty.
- 120 days purchase protection (up to $500 per claim and $50,000 per year).
- No foreign transaction fees.
- Free 6-month membership to Instacart+ (activate by July 31, 2024).
Is the Sapphire Preferred Worth It?
While the Chase Sapphire Preferred has an annual fee of $95, its rewards program and benefits can make it worth it for frequent travelers.
The card offers a generous sign-up bonus, a strong rewards rate on travel and dining, and valuable travel benefits such as trip cancellation and interruption insurance.
Additionally, the card’s Ultimate Rewards program allows for flexible redemption options, making it easy to use your rewards for your next trip.
Overall, if you frequently pay for travel with your credit card and take advantage of the card’s benefits, the Chase Sapphire Preferred can be a valuable tool for earning rewards and saving money on travel expenses.
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- 5x Points on Travel Booked Via Chase
- 3x Points on Dining and Eligible Delivery Services
- 2x Points on All Other Travel Purchases
- 10% Anniversary Points Boost
- Trip Delay and Trip Cancellation Insurance
- Primary Rental Car Insurance
- $95 Annual Fee
