Chase Sapphire Preferred Card $500 Travel Bonus

Chase continues to be hard at working in trying to obtain new credit card customers and they’ve now launched a 40,000 bonus point offer on their Chase Sapphire Preferred℠ Card.  If you turn the 40,000 bonus points in for cash, you can get a $400 statement credit but if you use them to redeem a flight through Ultimate Rewards, you can get a ticket worth up to $500.  Not to worry if your flight is more expensive … you can simply pay the difference.  The catch, if you want to call it that, is that the new cardholder must spend at least $3,000 within the first three months.

The reason you can get a more expensive plane ticket is the Chase Sapphire Preferred Card offers a 25% increase in points when you redeem them through their Ultimate Rewards platform.  Plus, cardholders will also receive a 7% dividend at the end of the year, meaning you’ll receive even more points.  For example, if a cardholder was to earn 100,000 points during the year, they would receive a 7,000 point bonus on their anniversary date (which amounts to roughly ~$85 in travel rewards)

Every dollar spent on travel and dining is worth two rewards point and all other purchases are worth one.  The Chase Sapphire Preferred℠ Card’s $95 annual fee is waived for the first year and the coolest feature of this card is the 24/7 live operator support you’ll receive.  No pushing buttons to connect to a human being, the number you are provided on the back of your Chase Sapphire Preferred Card leads straight to a customer service representative.

So if you’re looking to make a big purchase in the next few months or find yourself putting most of your daily purchases on one credit card AND have the excellent credit required to obtain this card and limited time bonus offer, consider the Chase Sapphire Preferred℠ Card.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

 

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Last Edited: May 9, 2013 @ 5:07 pm
About Michael Pruser

Michael Pruser is the man. After spending a ton of money to go to the private University of Miami, Michael now enjoys spending time at home, writing personal finance articles for the world to read. His journey out of debt continues 500 words at a time.

5 comments
InMyPJs
InMyPJs

This is not as good as last year's 50,000 points sign up bonus that can be used  to redeem a flight through Ultimate Rewards worth up to $650

Emily at evolvingPF
Emily at evolvingPF

I'm so tempted to make a rash last-minute decision and get this card, but I'm just not sure we'll put $3k on a credit card in the next 3 months!  The last time we signed up for a new card with this kind of bonus we were planning to buy two sets of plane tickets in the near future so we knew the minimum wasn't going to be an issue.  I'm just not confident this time around.  It's hard to say no though!

MileCard Insider
MileCard Insider

Also note you can convert these points into United / Continental miles. If you plan to travel this can end up saving you much more than $500.

Kevin
Kevin

There is also a version (just the standard Chase Sapphire) without the annual fee that has a $100 cash back bonus which is probably worth noting as well.

Michael
Michael

this card is really great! My mom has an account like this and she can easily have discount for her plane tickets to go to her appointment like business meeting. The most part that I like about this card is that you can earn points and then you can use or turn this points as cash.