Chase has finally announced the end date for the increased 80,000-point bonus on the Chase Sapphire Preferred® Card. And you’ll need to get in quick—applications close at 6pm EST on June 1st.

The Sapphire Preferred is a longtime AwardWallet favorite because it earns valuable Ultimate Rewards points and comes with some great benefits. And with this excellent bonus, now is a great time to apply if you don’t already have this card in your wallet.

Chase Sapphire Preferred® Card

Annual Fee$95
Welcome BonusEarn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®.

Sapphire Preferred Highlights and Key Benefits

Beyond the sign-up bonus, the Sapphire Preferred card offers some of the best earning rates, perks, and protection benefits of any credit card with an annual fee under $100.

Sapphire Preferred highlights and benefits include:

  • Huge 80,000 point signup bonus worth $1,000 towards travel via the Chase Travel Portal or through Pay Yourself Back.
  • 5x Ultimate Rewards points on all travel purchased through Chase Ultimate Rewards.
  • 3x points on dining, including eligible delivery services, takeout, and dining out.
  • 3x points on select streaming services.
  • 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs).
  • Combine points across all your Ultimate Rewards earning cards.
  • Transfer points to 14 airline and hotel partners.
  • Primary collision damage waiver (CDW) insurance on car rentals worldwide.
  • Trip delay reimbursement up to $500 per ticket for delays 12+ hours.
  • Trip cancellation and interruption insurance up to $20k per covered trip.
  • Lost luggage reimbursement and baggage delay coverage.
  • Extended warranty and purchase protection.
  • All for a $95 annual fee.

Other benefits include no foreign transaction fees, smart chip technology, and a dedicated customer service line for cardholders.

Maximize the Value of Ultimate Rewards Points

Ultimate Rewards points are some of the most valuable and flexible rewards you can earn, transferring to 14 different airline and hotel partners, including Hyatt, United, Air Canada, Singapore Airlines, and British Airways.

If you don’t want the hassle of transferring points to partners and searching for award space, you can redeem points earned with the Sapphire Preferred for a fixed-value of 1.25¢ per point through the Chase Travel Portal.

Cardholders can also combine points earned across their entire portfolio of Ultimate Rewards cards into a single account, making it easy to accumulate enough points for your next redemption.

Increase Your Earning Potential With a Companion Card

Chase’s latest release, the Chase Freedom Flex℠, is a perfect companion to the Sapphire Preferred. This no-annual-fee card earns 5% on rotating bonus categories (up to $1,500 per quarter), 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. And you can combine the earnings with the Sapphire Preferred to convert these points into transferrable Ultimate Rewards points.

Chase Freedom Flex℠

Annual Fee$0
Welcome BonusEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Application Restrictions

Chase enforces multiple restrictions on rewards credit card applications. The first is a published application rule stating you can’t get the Sapphire Preferred if you currently hold a Sapphire card or have received a signup bonus for one in the previous 48 months.

“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…”

Chase cards are also subject to a second, unpublished rule known as the 5/24 policy. If you’ve been approved for five or more personal credit cards in the previous 24 months, you likely won’t be approved for this card.

Our Take

Widely considered one of the top travel rewards credit cards because of its great benefits and the value of Ultimate Rewards points, the Sapphire Preferred is one of the best cards to have in your wallet. While it doesn’t match the all-time high 100K offer, 80,000 Ultimate Rewards points is the best offer we are likely to see on this card for a while. If you’re eligible, now is the perfect time to apply.

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