How to Earn the Chase Sapphire Preferred® Card Welcome Offer (2024)

Vault’s Viewpoint on Earning the Chase Sapphire Preferred Welcome Offer

• The Chase Sapphire Preferred® Card is often considered one of the best travel rewards cards.
• Eligible new cardholders who spend $4,000 within three months of account opening can earn a welcome offer of 60,000 Chase points.
• When redeemed for travel bookings through Chase Travel, 60,000 Chase points are worth $750.

Here’s What You Need to Do to Earn the Chase Sapphire Preferred Sign-Up Bonus

Many credit card issuers promote attractive welcome offers to attract new customers, and Chase is no exception. If you’re eligible to earn one of these bonuses, you could earn a solid stash of credit card points quickly, allowing you to get closer to your redemption goals. Whether you want to earn cash back or use your points for travel, these offers can be advantageous.

New cardholders could earn a 60,000-point bonus after spending $4,000 within three months of account opening. Once you do this, allow six to eight weeks for the welcome bonus to be credited to your account.

Here’s What Purchases Qualify And Tips For How To Earn The Bonus Faster

Are you unsure whether you can meet the minimum spend within the required timeframe? Here’s what you need to know about what purchases qualify toward earning the bonus and suggestions for how to earn your bonus rewards faster:

Most regular everyday purchases count toward the $4,000 spending requirement. But keep in mind that some purchases, like lottery tickets, cash advances, wire transfers, and travelers’ checks, don’t qualify toward the minimum spend for this offer. To confirm whether a purchase will qualify, you should review your cardholder offer terms before charging your card.

Using your credit card to pay for everyday purchases and any larger pre-planned purchases can help you achieve the spending requirement for the welcome bonus faster. If you’re struggling to meet the spending threshold, consider using your Chase Sapphire Preferred Card to cover some of your everyday spending.

But to avoid an unexpected surprise, verify that the biller doesn’t charge credit card processing fees. These fees are typically charged as a percentage of the total bill.

Only use your Chase credit card to pay for purchases you can afford. Otherwise, you could put yourself at risk of accumulating expensive credit card debt. Credit card interest rates are expensive. You can avoid interest fees by paying your statement balance off every month.

Review the Restrictions for This Welcome Offer

Review the offer restrictions first if you’re considering earning the Chase Sapphire Preferred offer. Chase has strict eligibility requirements for all Sapphire credit card lineup cards. You’ll be unable to earn the bonus if you don’t meet the conditions:

• You can’t earn the bonus if you’re an existing Chase Sapphire credit cardholder.
• If you’ve previously had a Chase Sapphire credit card and have earned a welcome offer within the last 48 months, you’re ineligible to earn the bonus.

If you’re waiting to get this card until you’re eligible for the welcome offer again, consider an alternative credit card that earns travel rewards. Check out our list of the best travel rewards credit cards to review other cards ideal for frequent travelers like yourself.

How You Redeem Your Rewards Can Impact the Value You Get

Review your redemption options before redeeming the points earned from this welcome offer. Why? You can make strategic moves to get more value from your rewards. The Chase Sapphire Preferred Card provides flexibility with plentiful redemption choices.

For example, you can redeem your Chase Ultimate Rewards points for gift cards to popular retailers, a statement credit to your account or travel purchases. But not every redemption choice carries the same value. So explore all your options before you use your points.

If you redeem your rewards for a statement credit to your account, your points are worth $0.01 apiece. That means the 60,000-point welcome offer is worth $600. Earning cash back may feel like a win, but this redemption method won’t maximize the value of your points.

An alternate option is to use your rewards to book car rentals, hotels, or flights using the Chase Travel portal. When you do this, your points are worth 25% more. When redeemed for travel through Chase Travel, the 60,000-point bonus is worth $750.00. That’s an additional $150.00 of value when compared to a statement credit redemption.

Another option is to transfer your points to a participating airline or hotel partner. Chase has many travel transfer partners. Many travelers choose this redemption method to book award flights or hotel stays.

Points transfer at a 1:1 ratio for all patterns. But the value of your rewards varies depending on your chosen program and redemption.

Don’t miss out on the opportunity to stretch your credit card points further by strategizing how to redeem your rewards for the most value. You worked hard to achieve the bonus, so ensure you get the most out of them.