Improved Chase Sapphire Preferred Card 75K Bonus Points Offer

Link: Apply now for the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is regarded as one of the most lucrative credit cards out there. The card has a reasonable annual fee, and offers strong perks. If you’ve been considering applying for this card, we’ve just seen an improved welcome offer rolled out, making it a great time to apply.

Chase Sapphire Preferred 75K points welcome offer

The Chase Sapphire Preferred has a new welcome offer where you can earn 75,000 bonus Ultimate Rewards points after spending $5,000 within the first three months. This bonus is 20% better than before, as the card previously offered a bonus of 60,000 points.

Personally, I value Ultimate Rewards points at 1.7 cents each, so to me, the 75,000 bonus points are worth $1,275.

Who is eligible for the Chase Sapphire Preferred bonus?

When it comes to eligibility for the Chase Sapphire Preferred, here’s the official language in the application:

This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you currently have any other personal Sapphire cards open, previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility.

Chase has recently updated its rules when it comes to getting approved for Sapphire cards. As you can see:

• The welcome offer may not be available to you if you’ve received a new bonus on this exact card, or if you currently have any Chase Sapphire personal card
• You should be eligible for the welcome offer if you haven’t had the Chase Sapphire Preferred before, though it may be possible to get the bonus if you’ve just had the Chase Sapphire Reserve® Card (review) before
• Chase now has a pop-up feature when applying for cards, so if you’re not eligible for the welcome bonus, you should receive a message telling you so (before there’s any sort of hard or soft credit pull)

Note that these restrictions are based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule (though there are increasingly reports of people being approved in spite of being over the 5/24 limit).

Why the Chase Sapphire Preferred is worth it

The $95 annual fee Chase Sapphire Preferred is one of the most well-rounded mid-range cards out there. The card has the following perks, among other things:

• The Sapphire Preferred has an amazing rewards structure — earn 5x points on travel booked through the Chase Travel Portal, 3x points on dining, streaming services, and online grocery store purchases (excluding Target, Walmart, and wholesale clubs), 2x points on travel purchases, and 1x points on all other purchases, plus 10% anniversary bonus points
• The Sapphire Preferred has great travel protection, including for delayed flights, lost bags, rental cars, and more
• The Sapphire Preferred acts as a good “hub” card for Chase Ultimate Rewards, and lets you maximize the other cards in the portfolio
• The Sapphire Preferred offers flexible points that can be transferred to a Chase Ultimate Rewards airline or hotel partner, or can be used with the Chase Points Boost feature, offering increased redemption value
• The Sapphire Preferred offers a $50 hotel credit every cardmember year, usable through the Chase Travel Portal

Read a full review of the Chase Sapphire Preferred here.

Bottom line

The Chase Sapphire Preferred is offering an improved welcome bonus of 75,000 Ultimate Rewards upon completing minimum spending. This is an excellent bonus, and it’s 20% bigger than before. In my opinion, this is one of the most well-rounded mid-range credit cards out there, so if you’re eligible and are interested, this could be a good time to apply.

Do you plan on picking up the Chase Sapphire Preferred with 75K bonus points?