Final Opportunity: Grab a 75K Point Bonus with Chase Sapphire Credit Card Offers

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This offer expired at 2 p.m. CST on June 13, 2024.

The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® are among the most sought-after travel rewards credit cards, and for good reason. They provide outstanding opportunities to earn and redeem points, featuring some of the best earning structures in the industry along with top-notch redemption options and significant statement credits to help offset annual fees. In essence, they are both valuable long-term cards with dedicated followings. While the Reserve, with a $550 annual fee, includes more perks and credits compared to the Preferred ($95 annual fee), both offer excellent value for travelers and cardholders alike.

Although the cards aggressively pursued new customers during the COVID-19 pandemic with attractive introductory offers, the ongoing strong demand has led to fewer of these offers since 2022. Now, for the first time, both the Chase Sapphire Preferred and Chase Sapphire Reserve have upped their introductory bonus to 75,000 points if you spend $4,000 on purchases within the first three months of opening an account. But hurry: The offers conclude at 2 p.m. CST on June 13, 2024.

To put it into context: 75,000 points are valued at over $900 with the Preferred card and $1,125 with the Reserve when redeemed through Chase Travel℠. The Reserve offers a higher value due to its better redemption rate on Chase Travel.

Here are the essential details for each card, along with guidance on choosing the right Sapphire card for your needs.

Chase Sapphire Preferred offer details

Welcome offer: With the Chase Sapphire Preferred Card, you can earn 75,000 bonus points after spending $4,000 on new purchases within the first three months. These bonus points can be redeemed for 1.25 cents each, translating to a total value of $937.50 for travel booked through the Chase Travel portal. This offer expires at 2 p.m. CST on June 13, 2024.

Annual fee: $95

Earn points: You'll accumulate points rapidly with these outstanding earning rates:

• Five points for every dollar spent on travel booked through Chase Travel and on Lyft rides
• Three points per dollar for dining, including takeout, eligible delivery services, and restaurants abroad
• Three points for every dollar spent on select streaming services—such as Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, FuboTV, Apple Music, SiriusXM, Pandora, Spotify, and YouTube TV
• Three points per dollar on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
• Two points for every dollar spent on travel not booked through Chase, like airfare, hotels, trains, and rideshares
• One point per dollar on all other purchases

Credits: Receive $50 back annually in statement credits for hotel bookings made through Chase Travel. Additionally, cardholders earn bonus points equal to 10 percent of their total purchases from the previous year. For instance, if you spend $25,000 over the year, you’ll earn 2,500 bonus points. It may not be a huge amount, but every bit adds up!

Key perks: Chase points are incredibly flexible and can be transferred to 11 airlines and 3 hotel partners, including Hyatt, Southwest, United, and Air Canada Aeroplan. This allows cardholders to earn points on daily expenses and later convert them into points or miles with their chosen partner program when they are ready for a specific redemption. Chase points can also be redeemed at a rate of 1.25 cents each for bookings through the Chase Travel portal or for select categories, which vary quarterly, under the 'Pay Yourself Back' feature.

Chase Sapphire Reserve offer details

Welcome offer: With the Chase Sapphire Reserve, you can earn 75,000 bonus points after making $4,000 in new purchases within the first three months. These bonus points can be redeemed for 1.50 cents each, translating to a total value of $1,125 for travel booked through the Chase Travel portal. This offer expires at 2 p.m. CST on June 13, 2024.

Annual fee: $550

Earn points: You'll quickly accumulate points with these outstanding earning rates:

• Ten points for every dollar spent on hotel and car rentals through Chase Travel
• Five points for every dollar spent on flights through Chase Travel
• Three points per dollar on dining, including takeout and international restaurants
• Three points for every dollar spent on travel not booked through Chase—like airfare, hotels, trains, and rideshares
• One point per dollar on all other purchases

Credits: Receive $300 back annually in statement credits for travel purchases, effectively lowering your annual fee to $250. Additionally, you can claim up to a $100 credit for Global Entry, TSA Precheck, or Nexus every four years.

Key perks: Enjoy access to Chase Sapphire Lounges, among the finest airport lounges globally. You'll also receive Priority Pass Select membership, granting entry to over 1,500 airport lounges in the Priority Pass network worldwide. Additionally, Chase points are highly versatile, allowing transfers to 11 airlines and 3 hotel partners, including Hyatt, Southwest, United, and Air Canada Aeroplan. This flexibility means cardholders can earn points on daily expenses and then convert them to points or miles with their preferred partner when they need them. Unlike the Preferred card, Chase points through the Reserve can be redeemed at 1.50 cents each for bookings made via the Chase Travel portal or for specific categories under the “Pay Yourself Back” feature, which updates quarterly.

Chase Sapphire Preferred vs. Reserve

If you know you cannot justify an annual fee exceeding $95, your search ends here. The Chase Sapphire Preferred Card is an excellent travel rewards card—arguably the best low-fee option available—and you won't go wrong with it.

However, if you're open to considering the annual fee in relation to the benefits, the Chase Sapphire Reserve offers even greater value and more than justifies its cost. How? Start by doing some straightforward math: after applying annual credits, the fee becomes less intimidating. Each year as a Chase Sapphire Reserve member, you'll receive up to $300 in statement credits for travel purchases made with your card. This effectively reduces the annual fee from $550 to $250.

Then, consider the additional card benefits (like lounge access, welcome bonuses, and insurance) as well as the reimbursement for Global Entry, TSA PreCheck, or Nexus every four years. Chase is actively expanding its branded airport lounges—currently, there are two in New York (one at JFK and one at LGA), along with others in Boston, Washington Dulles, and Hong Kong. Additionally, there's the Chase Sapphire Terrace, a smaller lounge alternative in Austin. Future lounges are planned for airports in Las Vegas, Philadelphia, Phoenix, and San Diego. Chase Reserve cardholders enjoy free entry and can bring up to two guests per visit without charge. Preferred cardholders, however, do not have access to the Chase lounges.

Additionally, Reserve cardholders receive Priority Pass Select membership, granting access to over 1,500 airport lounges worldwide within the Priority Pass network, along with two complimentary guests. (Note: To enter Chase lounges, you must first enroll in Priority Pass and use your Priority Pass card for entry, not your actual Reserve card, due to the affiliation between Priority Pass and Chase lounges.)

A standout feature of the Reserve is the comprehensive travel insurance included for travel expenses charged to the card. The Sapphire Reserve offers the most extensive travel coverage available among credit cards. Key categories of implicit travel insurance include Emergency Evacuation and Transportation, Trip Interruption and Cancellation, Emergency Medical and Dental Benefits, Trip Accident Insurance, Trip Delay, Delayed Baggage, Lost Baggage, and Rental Car Insurance.

Can I receive the bonus for both Chase Sapphire cards?

Unfortunately, you cannot receive the bonus for the Chase Sapphire Preferred Card if you currently hold an open Chase Sapphire Reserve, or vice versa. However, if you've previously held one of these cards and no longer have it, you may still qualify. You can earn the bonus for a Chase Sapphire card multiple times, but there must be a gap of 48 months between the two applications.

Reasons to apply for a Chase Sapphire card now

For those who believed they had missed the substantial welcome bonuses from previous years, now is the perfect opportunity to seize these offers before they expire at 2 p.m. CST on June 13, 2024. With 75,000 Chase points, you can easily secure a one-way international business-class ticket through transfer partners such as Air France/KLM Flying Blue or plan a family dream vacation using transfer partner World of Hyatt. Additionally, points can be redeemed for gift cards or travel purchases of your choice via the Chase Travel portal.

Despite the allure of sign-up bonuses, the Chase Sapphire Preferred Card and the Chase Sapphire Reserve remain top contenders in the industry. Accumulating points is exceptionally straightforward, and the possibilities for redemption are virtually limitless.

This article was first published in May 2024 and was updated on June 13, 2024, with the latest information. While the offers mentioned are accurate as of publication, they are subject to change at any time and may have altered or become unavailable.