Chase Sapphire Preferred Boosts Sign-up Bonus to 80,000 Points

Funto OmojolaSep 15, 2020
Chase Sapphire Preferred Boosts Sign-up Bonus to 80,000 Points
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

» This offer has expired

The offer described in this article has expired. See our details page on the Chase Sapphire Preferred® Card for the current offer.

Travel lovers, buckle up: The Chase Sapphire Preferred® Card, a favorite among jet-setters, has increased its sign-up bonus offer.

Chase Sapphire Preferred Credit Card
NerdWallet rating 
Learn More

As of Sept. 15, 2020, new applicants will be eligible for the following offer: Earn 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®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.

The new offer is a 20,000-point boost from the card's previous sign-up bonus. Points are worth a penny each for cash back, but they take on a value of 1.25 cents each when you redeem for travel through Chase Ultimate Rewards®.

» MORE: Full review of the Chase Sapphire Preferred® Card 

As far as sign-up bonuses go, this offer proves more lucrative than that of its pricier sibling card, the Chase Sapphire Reserve®. That $550-annual-fee card offers the following to new applicants: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

» MORE: Benefits of the Chase Sapphire Preferred® Card

Current holders of the Chase Sapphire Preferred® Card should note that its $95 annual fee is not waived in the first year, and that no other product benefits are changing.

The card will continue to earn the following ongoing rewards:

  • 2 points per $1 spent on travel and dining at restaurants.

  • 1 point per $1 spent on all other purchases.

Several other limited-time benefits for the Chase Sapphire Preferred® Card remain in place as well:

  • Through Sept. 30, 2020, the card also earns bonus rewards (up to a cap) on Instacart, at gas stations and on eligible streaming services.

  • Also through Sept. 30, cardholders can redeem points for statement credit against purchases at grocery stores, restaurants and home improvement stores at a value of 1.25 cents per point.

  • Through March 2022, the card earns 5X back on Lyft rides.

  • Via a partnership with DoorDash, get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. You must activate this offer by Dec. 31, 2021.