Chase Sapphire Preferred Credit Card Now Offering 60,000 Bonus Points

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Chase just upped its welcome offer for their Chase Sapphire Preferred Credit Card where you’ll receive 60,000 bonus points. This is now the new ongoing offer (where it used to be a steady 50k) points. It is also the best publicly available offer we’ve ever seen this card — which means now is a great time to apply! In my book, this offer is worth $1,200 towards travel!

Although this offer is 10k points offer than the offer we’ve seen over the past few years, I do want to point out that the annual fee for this card is no longer waived for the first year. With that being said, this is still a stronger offer. First off, if you really want to, you can always redeem 9,500 points to essentially pay for the annual fee and you are then at the same offer we’ve seen in the past (although still $5 years ahead). But I personally value the 10k extra points to be closer to $200, so I would not suggest redeeming your points for a statement credit.

The Chase Sapphire Preferred is now offering their highest welcome offer to date — 60,000 Chase Ultimate Reward points

For years, the Chase Sapphire Preferred Credit Card has been the No. 1 credit card that I’ve recommended for those starting out in the points and miles world. This is a great card for those who want a credit card that will help them earn points towards free travel at some point in the near future, but are not sure exactly where yet. This is ultimately a great flexible card with a good sign up bonus, so a perfect card for those looking to dip their toes in the points and miles games or for those looking to increase their Ultimate Reward point balance. It is also a highly recommended card for families!

Transfer your points to Hyatt to stay at the Grand Hyatt Baha Mar for free!

Earning Chase Ultimate Reward Points

With this card, you’ll receive 2x points on both dining and travel (including airfare, hotel, car rentals, cruises, etc.). With all other purchases you’ll receive 1x point. While there are some other cards that will earn you more in these categories, such as the Chase Sapphire Reserve Credit Card, the annual fee is significantly more expensive.

This is also a great card to use for airfare since it comes with travel protection. When you book a flight or other non-refundable travel expenses (hotels, tours, etc.) with select Chase credit card (which includes the Chase Sapphire Preferred), you get some great travel protection in case of a flight cancelation, delay, lost baggage, etc. For example, if you have to cancel a trip due to a covered reason (sickness, severe weather, etc.) you are able to be reimbursed up to $10,000 per trip for pre-paid, non-refundable travel expenses. For lost luggage, you are covered up to $3,000 per passenger (which includes you or immediate family members). Or if your luggage is just delayed for 6+ hours, you can be reimbursed for toiletries and clothing at $100 a day for up to 5 days. And my ultimate favorite (and the most common protection) is if your flight is delayed more than 12 hours or requires an overnight stay, you are covered for unreimbursed expenses (i.e., meals and hotels) for up to $500 per ticket. The Chase Sapphire Reserve has a slightly better flight delay policy where it only requires a 6 hour delay, but as I mentioned above, this card does come with a significantly higher annual fee.

Redeeming Chase Ultimate Reward Point

When using your Chase Sapphire Preferred Credit Card you are earning Ultimate Reward points. This currency is extremely valuable as you can either redeem your points through the Chase travel portal or transfer your points to partner airlines. When redeeming through the travel portal you get a 20% discount. For example, a $500 flight booked through the portal will only cost you 40,000 points.

If you prefer to transfer your points to partner loyalty programs, you have many options which include: United, British Airways, Singapore Airlines, Air France KLM, Southwest Airlines, Virgin Atlantic, Iberia, JetBlue, Aer Lingus, Hyatt, IHG, and Marriott. Redeeming through a partner program will typically get you the most value for your points and all partners transfer at a 1:1 ratio. For example, Hyatt is a partner and you can stay at the Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina or Andaz San Diego for only 15,000 Hyatt points per night — thus requiring only 15,000 Ultimate Reward points. Both are great properties on opposite coasts.

Transfer your points to British Airways and enjoy the beaches of Mexico!

Or, let’s say you prefer business class over economy (I mean who doesn’t, but you need to have the points or make a ton of money!), you can fly roundtrip Boston or Chicago to Spain for 68,000 Iberia points — again requiring 68,000 Ultimate Reward points. This business class flight can easily cost over $4,000 (something I’d never pay for!), making each point worth well over 5 cents per point! Of course the value of your points will vary on what you are looking to redeem for, but assume an average of 2 cents per point, with many opportunities to get an even higher value!

Now, if you find that you just aren’t traveling as much as you’d like and would prefer cash, you can always “cash” out your points for cash instead of using them for travel. Definitely not a method I’d recommend for your points as it is not a great value, but cash is king sometimes. You can cash out where 1 point = 1 cent. So 60,000 points, for example, would get you $600.

Who is Eligible for this Card?

Although a great offer, Chase has cracked down on allowing people to sign up for too many cards. For starters, there is the Chase “5/24” rule where if you’ve been approved for 5 or more cards in the past 24 months, Chase will automatically deny you of being approved for a new card. Also, they stopped allowing you to get multiple cards in the same “family”, i.e., if you already have the Chase Sapphire Reserve, they will not approve you for the Chase Sapphire Preferred.

Additionally, just last year, Chase put further restrictions on both the Chase Sapphire Preferred and Chase Sapphire Reserve cards. Chase will not longer approve you if you’ve received the sign up bonus offer in the past 48 months for the card. It used to be 24 months, so it the timeframe is doubled (and quite long in my opinion).

This is making getting the card harder, but since this offer is the new normal, there is no rush to get this card now. You can always get it at a later point when you become eligible.


This is definitely a favorite card amongst most and now with the increased sign up offer, definitely a card to put on your radar. I personally have had this card for years and it was definitely my go-to for quite some time, prior to getting the Chase Sapphire Reserve card that is.

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1 year ago

Is the 48mth rule the same for all chase cards? Ex. United Explorer, SouthWest etc


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