50,000 Bonus Points for the Chase Sapphire Preferred Credit Card

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I wanted to let you know that the very popular Chase Sapphire Preferred credit card is offering an increased sign up offer at 50,000 points. This is actually one of my favorite “travel” cards and am glad to finally see a higher bonus. And fortunately, it looks like this offer will stick around for awhile.

  • Chase Sapphire Preferred: 50,000 points after spending $4,000 on the card within the first 3 months. $0 introductory annual fee the first year, then $95/year thereafter. Learn more.

On top of the 50,000 points, you can also get an additional 5,000 points after adding an authorized user to the card and having the user make a purchase within the first three months. Adding an authorized user is free and does not hit the users credit report. Remember though, this card is subject to Chase’s “5/24” rule.

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. 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 United, British Airways (American Airline partner), Korean Airways, Singapore Air, Hyatt, InterContinental Hotels Group, Ritz-Carlton, and Marriott. I personally value 50,000 points at a minimum of $1,000.
  • 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 50,000 points is equal to a cut and dry $625. 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 50,000 points will then equal $500. 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 50,000 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.

Learn More About Best Travel Rewards Credit Cards

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. As always, thank you for supporting the blog and enjoy traveling on a deal.

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