The Huge Chase Sapphire Preferred Offer – 80,000 Points (Worth at Least $1,000)

The Chase Sapphire Preferred has long been one of my favorite cards to recommend to people. Not only does it have no annual fee the first year but it also has offered a competitive sign-up bonus for new cardmembers. It has even adapted to the coronavirus situation to make it be as good of a card now as it is during travel times. Now, it is even better.

The Huge Chase Sapphire Preferred Offer – 80,000 Points

Link: Chase Sapphire Preferred Offer (this is an affiliate link – thanks for the support!)

Here are the details on the new Chase Sapphire Preferred offer:

First of all, while the annual fee of $95 is normally waived, this increased offer does not waive it. That means you are getting 20,000 more points than the regular offer at a cost of $95. That is still a huge steal for most but keep that in mind.

Getting the Bonus

Next, to get the 80,000 Ultimate Reward points, you will need to spend $4,000 in the first 3 months of card membership. That will unlock all of those valuable points that can let you do things like book travel, transfer to travel partners, or use the points to reimburse yourself for things you have already bought (current categories expire this month – new categories to come).

The Points

This is definitely an incredible offer for what is easily one of the best travel cards to get and hold. It comes with things like primary rental insurance when you rent a car (most cards only offer secondary insurance so it picks up if your regular insurance doesn’t cover something) as well as the ability to transfer points out to other travel partners. Also, it has Trip delay insurance (up to $500 per covered claim), trip cancellation insurance (up to $10,000 per person per covered claim, max $20,000 per trip), and baggage delay for when you start traveling again.

• Trip delay insurance benefits, up to $500 per covered claim
• Trip cancelation insurance benefits, up to $10,000 per person per covered claim $20,000 per trip max.
• Baggage delay

Here are those travel partners:

Airline Travel Partners

• Aer Lingus, AerClub
• British Airways Executive Club
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards^®
• United MileagePlus^®
• Virgin Atlantic Flying Club

Hotel Travel Partners

• IHG^® Rewards Club
• Marriott Bonvoy^™
• World of Hyatt^®

Earning More Points

The Chase Sapphire Preferred has these regular earning bonus categories:

• Airfare – 2X points
• Car Rental – 2X points
• Hotels – 2X points
• Dining – 2X points
• Other Travel – 2X points
• Lyft – 5X points

Chase has also added other bonus categories during this time of non-travel but they are due to expire September 30.

• 5X points for Streaming Services
• 3X points at Gas Stations
• 3X points for Instacart
• Up to $50 in Instacart Express credits

By the way, that “Streaming Services” also covers things like Apple cloud storage fees and movies/tv shows.

Bottom Line

If you are eligible (you cannot have the Chase Sapphire Preferred now and cannot have received a bonus on the Preferred or the Reserve cards in the last 48 months) and are under the wire on “Chase 5/24” (you have not opened 5 or more new card accounts with any banks in the last 24 months), this is definitely one of the best card offers around right now.

I have held my Chase Sapphire Preferred for years and it has been a great card for me. With a card that can give at least $1,000 in straight up value, it definitely deserves a look!

Keep in mind that I receive an affiliate commission if you apply through my links and are approved. I still love this card. 🙂