The Chase Sapphire Preferred® Card has enhanced their offer and is giving an additional 5,000 points for new applicants after adding an authorized user to the card and having the user make a purchase within the first three months. The current that comes with the $95/year annual fee (first year waived) is 40,000 points for new new applicants after $4,000 spend within the first three months, plus the additional 5,000 points.

For the past year plus, the ongoing offer was a steady 40,000 points after meeting the minimum spend requirements, so being able to get an easy 5,000 additional points is great! Adding an authorized user is free and does not hit the users credit report.

The Chase Sapphire Preferred® Card is not linked to a specific airline or hotel, therefore, gives you the flexibility to use the points earned in a number of ways. This is a great card for the traveler who does not want to tie themselves to a specific chain and wants the freedom to travel at will. Also, with this current offer the $95/year annual fee is waived. After the first year you can always downgrade to the non-preferred card which has no annual fee.

The points earned can be redeemed in a variety of ways:

  • Transferring to a partner airline/hotel: You can transfer your Chase points at a 1:1 ratio to Continental (which can be transferred to United), British Airways (American partner), Hyatt, Priority Club (Intercontinental), Marriott, and Amtrak. I personally value 45,000 points at $900.
  • Pay for travel: You can use your points to redeem free travel with their travel booking services. This allows you to pay for anything travel related (car rental, cruises, etc.). There are no black out dates and you can earn frequent flyer points for the selected travel reward program. For preferred card holders (which this card is), you will get a 25% bump when redeeming in this type of travel. Therefore, 1 point = 1.25 cent towards the purchase of your travel. This means that 40,000 points is equal to a cut and dry $562.50. This works similar to American Express’s Membership Rewards travel services.
  • Cash Back: Instead of redeeming for travel, you can use your points to receive cash back. 1 point = 1 cent cash back. The 45,000 points will then equal $450. Not the best redemption, but it is the bear minimum you will receive.
  • Gift Cards/Entertainment: Again, not a great redemption ratio, but you can redeem your points for various gift cards or entertainment opportunities. The value of the 45,000 points is determined on your selection.

Earning: When using the card, you will earn 1 point for every $1 in purchases. Additionally, you will earn double points on all dining in restaurants, airfare, and hotels. The great thing is that points never expire as long as you have the card and their is no cap on the number of points you can earn annually.

Card Benefits: Along with the points earned, there are many additional travel benefits that come along with the card

  • Travel Insurance – When making travel purchase with this card you will receive: trip cancellation insurance, auto rental collision damage, travel accident insurance, and lost luggage reimbursement
  • No Foreign Transaction Fees – With the preferred card there are no transaction fees when using your card internationally. This is a huge benefit as some cards charge up to 3% in fees.

Click here to apply for the card and get the 40,000 bonus points after meeting the minimum spend requirements and then add an authorized user for the additional 5,000 points.

You can learn more about this card as well as the Chase Ultimate Rewards program in this prior blog series:

Disclosure: This post contains affiliate links, thanks for supporting the blog and enjoy traveling on a deal!

Editorial Note: Opinions, analyses, reviews or suggestions expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

  • Cheaplee said,

    Trip insurance… go to know. I just applied and waiting for approval. Any idea on the trip insurance, and if it is good?

  • dealswelike said,

    @ Cheaplee – Trip insurance is definitely a great perk to any card. I will get the exact details and get back to you.

  • deltaGOLDflyer said,

    @ Cheaplee – I would not put much faith in any rewards other than the points. Look at this blog post:

    http://boardingarea.com/unroadwarrior/2011/07/30/friends-are-priceless-for-everything-else-there-is-mastercard/

  • dealswelike said,

    Agree, the best perk is the points. I actually have had luck utilizing trip insurance with lost baggage, so it definitely depends on the persons on experience.

  • Brian said,

    “When using the card, you will earn 1 point for every $.01 in purchases. Additionally,when you use their travel booking site for booking airfare, you will earn double points.”

    I think it’s been changed to double points for travel/dining and triple points when booking through their travel booking site.

  • coachsandy_hi said,

    Great thread and topic for this week! I wanted to get your thoughts…I received a mailer from Delta Skymiles offering 75,000 miles for with Gold Delat Skymiles American Express Card. The terms are: 25,000 bonus miles after 1st purchase; 50,000 additional bonus miles when spend $10,000 in first 6 months, and 1 free domestic Economy Class Companion certificate. The spending limit is not too much of an issue since our typical credit card spenditure is $2k/month. Is this a good deal?
    Thanks!

  • Andy said,

    “When using the card, you will earn 1 point for every $.01 in purchases” I think you meant 1 point per $1 in purchases. If not this card is the DEAL OF THE CENTURY!

  • dealswelike said,

    @Andy – you are absolutely correct, thanks for that catch! I have updated the post accordingly. It is when redeeming for cash back 1 point = $.01. Thanks!

  • dealswelike said,

    @Coachsandy – 75,00 Delta miles is a great offer when only having to spend $10,000 in the first six months. I actually just received an email today from Delta offering 35,000 miles, which I thought was nothing special, but 75K is absolutely worth it. Additionally, having the Delta credit card has some great perks when flying Delta, such as waived fee for 1st checked baggage. Also, having a free domestic companion certificate is a perk, but many times are hard to use and have a minimum spend for the first flyer, but not sure without knowing the T&C.

  • coachsandy_hi said,

    Thanks for the great posts, which I enjoy reading.

  • dealswelike said,

    @Coachsandy – Glad you enjoy! Be on the look out this week for a comparison on many of the credit card promotions out there.

  • David said,

    I just got approved for the chase sapphire card but was advised that the points cannot be transferred to any mileage program (I specifically asked about Continental). Is that correct? Can anyone confirm?
    Thanks!

  • dealswelike said,

    @David – Your points from the Chase Sapphire Card can absolutely be transferred to partner mileage program. This includes Continental (which can then be transferred to United), British Airways, Hyatt, Marriott, Priority Club (Intercontinental, Holiday Inn, Crowne Plaza) and Amtrak.

  • Leslie said,

    I’m considering applying for the card in order to redeem for Southwest Points. It says on the Ultimate Reward website, “In addition to the airlines listed on the website, Southwest Airlines is available through our call center.”. I wanted to see how far the points took me to book a Southwest flight. The representative could not confirm because I am not a card holder yet, but said they typically cannot book the lowest fares. Do you know if the call center can typically book the “Wanna Get Away” fares or are the “Anytime” fares only available. Thanks!

  • dealswelike said,

    @Leslie – sorry for taking awhile to reply, there were some technical issues yesterday, but I am back!

    Regarding booking a Southwest flight using the Ultimate Rewards travel center, quite honestly, I am not sure. I will put the question out there for my readers and see what they respond with!

  • Mobay said,

    @David
    Chase offer the regular sapphire ( no annual fee) and the sapphire preferred ($95 annual fee that is waived for 1st year) cards .The regular chase sapphire cards points CANNOT be transferred to airline partners… U actually need to apply for the sapphire preferred card.

  • dealswelike said,

    @Mobay – that is absolutely correct. I would suggest getting the Chase Sapphire Preferred card since it is no annual fee for the first year, get the 50K bonus points, and when your first year is up, downgrade to the regular Chase Sapphire card which has no annual fee. This will ensure no additional credit hits on your credit report.

  • Matilda said,

    I have to purchase 3 round trip tickets to Tel Aiv for a May 2012 trip. Just applied for the Chase Sapphire Preferred card. Are there any other good discounts that you are aware of?

  • dealswelike said,

    @Matilda – You can also get the New Chase Ink Bold card for another 50,000 points. There was an American Express transfer promotion to El Al, but that has unfortunately ended. There is nothing that I know of yet. I will be sure to let you know if I find or hear of anything. I absolutely love Israel – enjoy!

  • Matilda said,

    Thank you. I applied for the Chase card today.

  • peggy said,

    Can points be pooled between multiple card holders within the same family. Most specifically the Chase Sapp. Preferred card. Thank you.

  • dealswelike said,

    @Peggy – You are able to transfer points from one account to another very freely, so while this isn’t necessary pooling points for everyone to be on one account, it absolutely can be done.

  • GLG said,

    You stated ‘adding an authorized user will not hit the users credit report’. Do you know for sure that adding “authorized users” will NOT show up on their credit report, will not impact their score, and will not add to their total number of recent credit cards thereby decreasing their chance at future credit cards?
    This is all key. I would like to add my wife to all 10 of my cards for the massive convenience this would add at NO down-side.
    Please advise.
    Cheers

  • dealswelike said,

    @glg – I will do massive research and get back to you tomorrow.

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