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Chase Sapphire Preferred® Card: Unlock Over $1,000 in Travel Value with the $300 Limited-Time Travel Credit
If you’ve been on the lookout for a travel rewards credit card, now’s the perfect time to consider the Chase Sapphire Preferred® Card. Chase has sweetened the deal with an exciting limited-time offer: new cardmembers can now earn 60,000 bonus points after spending $4,000 in the first three months, and up to $300 in statement credits on Chase Travel℠ purchases made within the first year.
This limited-time offer brings the total potential value to an impressive $1,050 when redeeming your points through Chase Travel, making the Chase Sapphire Preferred® one of the best cards for maximizing your rewards in 2024. This this card has a reasonable $95 annual fee (offset roughly 11x by the signup bonus and travel credit).
Chase Sapphire Preferred® Card at a Glance
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Why This Offer is a Big Deal
60,000 bonus points is already a strong offer for new cardmembers, but adding the $300 in statement credits on Chase Travel℠ purchases made within the first year takes it to another level. Whether you’re booking flights, hotels, car rentals, or cruises through Chase Travel℠, this credit can help reduce out-of-pocket expenses for your upcoming trips. Plus, the 60,000 points themselves can be redeemed for $750 in travel value through the Chase Travel℠ portal, where each point is worth 1.25 cents.
Altogether, when combining the bonus points and $300 travel credit, the total value of the offer hits $1,050 — an excellent return for a card with a $95 annual fee.
How to Maximize the $300 Travel Credit
To get the full benefit of this offer, the $300 travel credit must be used on purchases made through the Chase Travel℠ portal within your first year of card membership. Eligible purchases include:
- Flights
- Hotels
- Rental cars
- Cruises
- Tours and activities
This is different from the Chase Sapphire Reserve®'s more flexible travel credit, but it’s still a fantastic way to save on planned vacations. Be sure to use Chase Travel℠ when booking your next trip to take advantage of this limited-time perk.
Additional Perks that Add Value Year-Round
The Chase Sapphire Preferred® Card isn’t just about the welcome bonus. It continues to deliver valuable perks every year, including:
- 5x points on travel purchased through Chase Travel℠
- 3x points on dining, including takeout and eligible delivery services
- 3x points on select streaming services and online groceries
- 2x points on all other travel purchases
- $50 annual hotel credit when booking through Chase Travel℠
- No foreign transaction fees, making it ideal for international travel
On top of that, you’ll earn a 10% anniversary points bonus on all purchases made in the previous year. For example, if you spend $15,000 in a year, you’ll receive an extra 1,500 points at your card anniversary.
Is the Chase Sapphire Preferred® Card Right for You?
If you’re someone who travels a few times a year and wants to maximize rewards while enjoying flexible redemption options, the Chase Sapphire Preferred® Card could be a perfect fit. It’s a top choice for anyone looking to balance a low annual fee with high-value travel rewards.
Keep in mind, you’ll need good to excellent credit (typically a score of 670 or higher) to be approved, and if you already have a Chase Sapphire Reserve® or received a bonus for any Sapphire card in the past 48 months, you won’t be eligible for this offer.
How Does the Chase Sapphire Preferred® Compare to Other Travel Cards?
When considering the Chase Sapphire Preferred®, it’s helpful to compare it to similar options like the Capital One Venture Rewards Credit Card (see rates & fees) and American Express® Gold Card(see rates & fees). As you can see in the table below, all three cards offer strong rewards programs, but they cater to slightly different spending habits and preferences.
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
The Chase Sapphire Preferred® stands out with its $300 limited-time travel credit and 60,000 bonus points, giving it a significant edge for immediate travel savings. It also offers great flexibility with 1:1 points transfers to popular travel partners and 25% more value when booking through Chase Travel℠.
On the other hand, the Capital One Venture Rewards Credit Card provides a flat 2x miles on all purchases, making it simpler to earn rewards without worrying about specific categories. Meanwhile, the American Express® Gold Card shines in dining and grocery categories, with 4x points on restaurants and U.S. supermarkets, but it comes with a higher annual fee and more specific perks like the up to $120 dining credit.
Each card brings unique benefits to the table, so choosing the right one depends on whether you prioritize travel credits, everyday rewards, or maximizing points in specific categories.
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Final Thoughts
With a total potential value of over $1,000, the Chase Sapphire Preferred® Card's limited-time offer featuring 60,000 bonus points and a $300 travel credit is one of the best we've seen. It offers exceptional value for frequent travelers or anyone planning trips in the next year. Take advantage of this offer while it lasts to make the most out of your travel spending in 2024.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
