Chase Sapphire Preferred 80K Offer
All Chase talk recently has been about the new Freedom Flex card. While the hype is well deserved, as it is a great new product as far as no-fee cards go, there are better welcome offers from Chase. And right now, one of the most popular Chase cards, the Sapphire Preferred, has a new public offer of 80,000 Ultimate Rewards points. We have previously seen this as a targeted offer earlier in the year, but now it is available for everyone. Click here for details and our full review of the card and let’s take a look at this Chase Sapphire Preferred 80K offer.
This Offer Has Ended
Related: Chase Ultimate Rewards Points Guide: Earning, Redeeming and Sapphire, Freedom and Ink Brands
The Offer
- Earn 80,000 Bonus Points after you spend $4,000 on purchases with your new Chase Sapphire Preferred card within the first 3 months of account opening.
- Annual fee of $95 is not waived.
Card Benefits
- Earn 2X points on travel and dining at restaurants- from airfare and hotels to fine dining and cafés.
- Earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel or even more when points are transferred to travel partners.
- No foreign transaction fees
- Read our full review of this card here.
- READ MORE
Eligibility
The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.
This card also falls under the 5/24 restriction (5/24 Guide). You also can’t have more 2 credit cards in 30 days from Chase (see more here).
Analysis
This is the best offer that we have ever seen for the Chase Sapphire Preferred credit card. We have seen a 80,000 bonus in the past, but it was a targeted offer. Now everyone can apply as long they are eligible for a welcome bonus and are under 5/24.
Value wise, you can easily get $1,000 out of the welcome offer. But it could be even better ($1,200+) if you transfer points to travel partners.
If you need any ideas on what to do with these points, check out Ryan’s post here. In this case, you would have a total of 84,000 points in your account, once you are done with the spending requirement.
Conclusion
If you are eligible for this Chase Sapphire Preferred 80K offer, then you shouldn’t think twice about it. You get lots of value from this bonus, and some extra benefits, all for a $95 annual fee.
HT: Doctor of Credit
It’s been over 48 months since I received the CSP bonus. I did a PC to the CSR at some point once it was available. I find a lot of value in the CSR but, without much travel, I am willing to give it up for the next year until I can PC back. I have 200,000+ points. I’m at 4/24. Two questions. Can I transfer all of my points to my Ink Plus, even if I’ve previously transferred points from the Ink and Freedom to the CSR? (Guess I have never really thought about moving points out of the CSR.) Next, I’m slightly concerned if they have really tightened up the approval process. All is good, credit score, income etc. Just hope that they approve me for the CSP after seeing that I just closed the CSR. That 80k points is SO tempting. My husband is at 4/24 too, so I would have him apply for the new Freedom Flex.
Let me know if it works because I am in the same boat!
Does this offer work with referral?
I am not sure if the referral offer has been updated yet or not.
This is great news for the 4 people in this world who haven’t gotten a CSR or CSP in the last 48 months. Oh, and who are under 5/24.
So we’re probably now talking about 2 people might qualify.
I think there are a lot of people coming up on their 4 year anniversary of the CSR launch and have been planning on getting under 5/24 because of it. There are quite a few people that will be grabbing this imo.
In calculating the value of this card’s bonus, shouldn’t one consider the opportunity costs as well as the benefits? So, the opportunity costs would seem to include $95 for the annual fee, plus roughly $70 for the difference in spend requirement between this card and the Freedom Flex (2% x $3500, the difference in min spend for bonus). Still an impressive deal!
Everyone calculates values differently. I ignore opportunity costs when considering welcome offers because the difference is so vast and the welcome offer will always outperform the 2% you could have got it seems like making a calculation just to make it. There is no purpose in it in my opinion.
The Freedom offer is only 20K so you would have to include the differences of those if you are going to talk opportunity cost etc. It just becomes paralysis by analysis imo.
Applied 6.29 this year. Still in msr mode even though already met and points awarded. Think if I ask nicely they’ll give me the other 20000 points…
Worth a try!