November 18, 2015

Chase Sapphire Preferred Increased Sign-Up Bonus

My favorite all around credit card is offering an increased sign-up bonus now through 3/15/16.

If you don't already have the Chase Sapphire Preferred Card, you should strongly consider this offer:

  • 50,000 Chase Ultimate Rewards points after $4K in spend in 3 months
  • 5,000 Chase Ultimate Rewards points after you add an authorized user and they make a purchase in the first 3 months

The annual fee is waved for the first year and $95 after.  I gladly pay the annual fee year after year given the earnings power (2x on travel and dining) and flexibility (points transfer to United, Singapore Airlines, British Airways, Hyatt, Marriott, etc...).

If you sign-up and complete the minimum requirements, you'll earn a minimum of 59,000 Ultimate Rewards points.  Let's round to 60,000 since it's more likely that some of your spend will earn you 2x points (travel and dining).  If a couple signs up for this card and completes the sign-up bonus, you'd nearly have enough points for 5 nights (125,000 Hyatt Gold Passport points) at the Park Hyatt Maldives.  There are dozens of ways to use Ultimate Rewards regardless of your travel goals/habits.

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