Chase Sapphire Preferred Bonus History

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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:

bonus_miles_full

Related: Chase Sapphire Preferred’s Bonus History.

You may not be eligible for a welcome bonus if either of these apply:

  • You currently have a Chase Sapphire Preferred or Chase Sapphire Reserve®; OR
  • You received a welcome bonus on either the Chase Sapphire Preferred or Sapphire Reserve in the last 48 months.

For example, if you received a welcome bonus on the Chase Sapphire Preferred or Sapphire Reserve in January 2024, you would need to wait until February 2028 to be eligible for a new bonus and also cancel your existing Sapphire card before you apply.

Related: Can you get the Chase Sapphire Preferred Bonus twice?

Chase has two application rules that you should be aware of when you apply for a card:

5/24 Rule: Chase will automatically deny you for most Chase cards under their 5/24 Rule if you have opened five or more personal cards in the last 24 months.

Application Timing: Chase will typically approve you for a maximum of two personal cards every 30 days, and one business card every 30 days.

Best Starter Travel Card
Chase Sapphire Preferred® Card
  • bonus_miles_full
  • 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

Click Here to Learn How to Apply

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
May 2023 to Present Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
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;
  • 2 points per dollar on all travel not booked through the Chase travel portal; and
  • 1 point per dollar on all other eligible spending.

Sapphire Preferred Benefits

The  Chase Sapphire Preferred offers nice benefits, including:

10% Points Bonus: You will earn bonus points equivalent to 10% of your total spending in points earned with your Chase Sapphire Preferred Card during the past account anniversary year. For example, if you spent $10,000 during your cardmember year, you would receive an additional 1,000 points ($10,000 * 10% = 1,000 points).

$50 Hotel Credit: The Chase Sapphire Preferred card offers up to $50 in statement credits every account anniversary year if you book your hotel stays through the Chase Ultimate Rewards travel portal. 

DashPass Membership: This card offers a one-year DashPass membership for free, which includes DoorDash and Caviar, offering unlimited deliveries with free delivery fees and reduced service fees for eligible purchases. The offer must be activated by December 31, 2024. Once the free membership is over, you will be automatically enrolled in DashPass at the prevailing monthly rate.

Instacart Membership: Have your groceries delivered to your doorstep with a complimentary 6-month Instacart+ membership plus a $15 credit once every quarter. Enrollment is required by July 31, 2024.

No Foreign Transaction Fees: You can make international purchases with your card without paying an extra fee of around 3%.

Primary Rental Car Insurance steps in as the primary coverage for any damage or theft of a rental vehicle paid for with this card without needing to use your own auto insurance.

Trip Cancellation and Interruption Insurance reimburses you for non-refundable expenses if your trip is interrupted or canceled for a covered reason when you pay for your travel expenses with this card.

Trip Delay Insurance will reimburse any eligible expenses you incur as a result of your trip being delayed.

Lost Luggage Reimbursement covers the cost to repair or replace your luggage, and the personal belongings contained within if your bag is lost or damaged during a covered trip.

Baggage Delay Insurance can reimburse you for the cost of necessary personal and business items while waiting for your checked bag when it’s delayed by a common carrier.

Purchase Protection covers eligible purchases against accidental damage or theft for up to 120 days for purchases this card.

Extended Warranty coverage adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.

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.

Best Starter Travel Card
Chase Sapphire Preferred® Card
  • bonus_miles_full
  • 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

Click Here to Learn How to Apply

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