Act fast: 80,000-point Sapphire Preferred bonus ends next week

The Chase Sapphire Preferred Card is one of the best travel credit cards out there. It hits on all cylinders: lucrative earning rates, valuable perks and versatile rewards — all with an affordable annual fee.

Through our link, you’ll earn 80,000 Chase Ultimate Rewards points after you spend $4,000 on purchases within the first three months of account opening, which is 20,000 points above the standard offer. You’ll want to apply before 9 a.m. Eastern Time (ET) on May 25 to take advantage of the current elevated offer.

TPG estimates the value of Chase Ultimate Rewards points to be 2 cents each when you maximize the program’s transfer partners. That makes the 80,000-point bonus worth $1,600 — the highest offer available through partners since May last year, per the card’s offer history.

You can also apply in-branch — meaning at a physical Chase location — and earn up to 90,000 total bonus points: 80,000 bonus points after spending $4,000 in the first three months of account opening, plus an additional 10,000 bonus points after spending $6,000 total on purchases made in the first six months.

If you recently applied for the card with a lower bonus, you may be able to get the higher bonus matched by sending Chase a secure message through your online account.

Why you should apply for the Chase Sapphire Preferred

The Sapphire Preferred is well worth opening, partly because it is easy to rack up points after you’ve spent the sign-up bonus.

The Chase Sapphire Preferred has several generous bonus earning categories:

5 points per dollar on travel booked through the Chase Ultimate Rewards Travel portal.
3 points per dollar on dining.
3 points per dollar on select streaming services.
3 points per dollar on online groceries (excluding Target, Walmart and wholesale clubs).
2 points per dollar on all other travel purchases.

Cardmembers also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.

Bottom line

The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market, with travel protections and up to $50 in annual hotel statement credits for hotel purchases made through Chase Ultimate Rewards after each cardmember anniversary. That essentially covers more than half the card’s already reasonable $95 annual fee.

No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy-to-understand perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.

Official application link: Chase Sapphire Preferred with 80,000 bonus points after you spend $4,000 in the first three months. Apply before 9 a.m. ET on May 25.