Chase Sapphire Preferred Has New Offer with 60K Points and $50 Credit
One of the most popular Chase cards, the Sapphire Preferred, has a new increased public offer. Besides the usual 60,000 Ultimate Rewards points, there’s also a $50 credit for grocery purchases. Click here for details and our full review of the card and let’s take a look at this new Chase Sapphire Preferred 60K offer below.
These Offers May Have Ended Or Changed
The Offer
- Earn 60,000 Bonus Points after you spend $4,000 on purchases with your new Sapphire Preferred card within the first 3 months of account opening.
- Plus receive up to $50 in statement credits for grocery store purchases.
- 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, 60,000 points are worth $750 toward travel or even more when points are transferred to travel partners.
- With Pay Yourself Back your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
- No foreign transaction fees
- Read our full review of this card here.
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.
Analysis
This is the not best offer that we have ever seen for the Chase Sapphire Preferred credit card, as we saw a 80,000 points bonus late last year. But this is a public offer again so, everyone can apply as long they are eligible for a welcome bonus and are under 5/24.
Value wise, you can easily get $800 out of the welcome offer. But it could be even better ($1,000+) if you transfer points to travel partners. That’s often the best use of Chase Ultimate Rewards.
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 64,000 points in your account, once you are done with the spending requirement.
Conclusion
If you are eligible for this Chase Sapphire Preferred 60K offer it could be worth applying, if you missed out on the big 80K offer. If you recently applied just for the 60K offer, send Chase a message and ask to get matched to this new offer with the extra $50 credit for groceries.
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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
