The Chase Sapphire Preferred® Card offers a substantial welcome bonus: new cardholders can earn 60,000 bonus points after spending $5,000 within the first three months of account opening. When redeemed through the Chase Ultimate Rewards® portal, those points are worth up to $750 in travel. In addition to the welcome bonus, cardholders can earn points through everyday spending.
Here’s the breakdown:
5x points on travel purchased through Chase Travel℠
3x points on dining, select streaming services, and online groceries
2x points on all other travel purchases
1x points on all other purchases
Assuming an annual spend of $24,000 across various categories, you can realistically earn around 34,800 points, which translates to $435 in travel when booked through the Chase portal. The Chase Sapphire Preferred® Card offers several additional perks that can further boost your savings:
$50 annual hotel credit when booking through Chase Ultimate Rewards®
Up to $120 statement credit for Global Entry or TSA PreCheck®
Travel insurance protections, including trip cancellation/interruption and primary rental car coverage
1-year DashPass membership for free delivery and lower service fees on DoorDash orders
No foreign transaction fees, which can save you around 3% on purchases abroad
When you combine the welcome offer, points earned from spending, and the $50 annual hotel credit, you can see significant value.
chase sapphire preferred first-year savings
After subtracting the $95 annual fee, the total potential first-year value can exceed $1,140. | Reward Category | Value |
|—————–|——-|
| Welcome offer | $750 |
| Points for spending | $435 |
| Hotel credit | $50 |
| Annual fee | -$95 |
| **Total value** | **$1,140** |
This value is substantial and can cover several domestic flights, a few nights at a fancy hotel, or even an international flight. The Chase Sapphire Preferred® Card is a powerful tool for travelers looking to maximize their savings on travel expenses.
With a robust welcome bonus, ongoing rewards for everyday spending, and valuable travel perks, this card can help you save over $1,140 in your first year. Don’t miss out on this opportunity to make your money work harder for you and elevate your travel experiences.
