Chase Sapphire Credit Cards Have New Welcome Offers – What You Need To Know

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Chase Sapphire Preferred and Reserve Welcome Offers

From today, the welcome offers for Chase Sapphire Preferred and Sapphire Reserve are:

  • Favorite Chase Sapphire: Earn 60,000 bonus points after spending $ 4,000 on purchases in the first three months after opening the account.
  • Chase Sapphire Reserve: Earn 50,000 bonus points after spending $ 4,000 on purchases in the first three months after opening the account.

The Preferred and Reserve bonuses are both worth $ 750 if you redeem your points through the Chase Travel portal. This is because Preferred Cardholder Points are worth 25% more and Reserve Cardholder Points are worth 50% more when used in this way.

However, your points may be worth even more if you transfer and redeem them with one of Chase’s travel partners. Nonetheless, each bonus offers an almost 19% rate of return on your initial spending threshold of $ 4,000 if you redeem your points through the Travel Portal.

The annual fees for the two cards will remain the same: $ 95 for the Preference and $ 550 for the Reserve. So, with these factors taken into account, which card is right for you?

I recently picked the Chase Sapphire Preferred because it better suited my budget and needs, but there are plenty of reasons to choose one over the other.

Here are the detailed benefits of each card.

Favorite Benefits of Chase Sapphire

The Chase Sapphire Preferred is a popular travel credit card known for its broad expense categories, modest annual fees, and solid benefits. With this card you will receive:

Chase Sapphire Preferred® Card

  • Awards

    $ 50 annual Ultimate Rewards Resort Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on meals, 2X points on all other travel purchases, 5X points on Lyft trips through March 2022 and 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account

  • Annual subscription

  • Intro APR

  • Regular APR

    15.99% to 22.99% variable on purchases and balance transfers

  • Balance transfer fees

    Either $ 5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

Expense categories:

  • 5X points on trips purchased through Chase Ultimate Rewards®, excluding purchases of hotels eligible for the $ 50 Anniversary Resort Credit.
  • 3X points on meals, including eligible delivery services, take out and restaurants,
  • 3X points on online grocery purchases (excluding Target®, Walmart® and wholesale clubs)
  • 3X points on some streaming services.
  • 2X points on other travel purchases.
  • 1X point on all other purchases.

Benefits for cardholders:

  • 25% more trade-in value when you redeem your Ultimate Rewards through the Chase Travel Portal.
  • Ability to transfer ultimate rewards to 11 partner airlines and three hotel partners, all at a 1: 1 ratio.
  • Earn up to $ 50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards®.
  • DoorDash: Unlimited deliveries with a $ 0 delivery charge and reduced service charge on orders over $ 12 for at least one year on qualifying food purchases with DashPass, DoorDash’s subscription service.
  • Peloton: up to $ 60 off an eligible Peloton Digital or All-Access subscription until 12/31/2021. No fitness equipment is required for registration.
  • Lyft: Earn 5x more points per dollar spent on Lyft races through March 2022.
  • Travel insurance
  • No foreign transaction fees

Benefits of the Chase Sapphire Reserve

The Chase Sapphire Reserve is a step above the Preferred in terms of benefits and annual fees. However, the annual fee of $ 550 can be recouped quickly if you maximize the functionality of the card.

Chase Sapphire Reserve®

  • Awards

    Earn 5X the total points on air travel and 10X the total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $ 300 has been spent on travel purchases each. year. Earn 3X points on other trips and meals and 1 point for every $ 1 spent on all other purchases plus, 10X points on Lyft trips through March 2022

  • Welcome bonus

    Earn 50,000 bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account

  • Annual subscription

  • Intro APR

  • Regular APR

    Variable from 16.99% to 23.99%

  • Balance transfer fees

  • Foreign transaction fees

  • Credit needed

Expense categories:

  • 10x the total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $ 300 has been spent on travel purchases each year and Chase meal purchases with Ultimate Rewards®.
  • 5x total points on flights when you purchase travel through Chase Ultimate Rewards® once the first $ 300 is spent on travel purchases each year.
  • 3X points on other trips around the world after the first $ 300 is spent on travel purchases each year
  • 3X points on restaurant meals, including eligible delivery services, take out and restaurant meals.
  • 1X on all other purchases.

Benefits for cardholders:

  • $ 300 Annual Travel Credit – Automatically receive up to $ 300 in statement credits as reimbursement for travel purchases charged to your card each Account Anniversary Year. Until December 31, 2021, purchases made at gas stations and grocery stores will also be taken into account for obtaining your travel credit.
  • TSA PreCheck / Global Entry fee credit
  • Priority Pass Select airport lounge subscription
  • 50% more trade-in value when you redeem your Ultimate Rewards through the Chase Travel Portal.
  • Ability to transfer ultimate rewards to 11 partner airlines and three hotel partners, all at a 1: 1 ratio.
  • The benefits of the Luxury Hotel & Resort Collection, including early check-in and late check-out
  • DoorDash: Get unlimited deliveries with a $ 0 delivery charge and reduced service charge on orders over $ 12 for at least one year on qualifying food purchases with DashPass, DoorDash’s subscription service. And you’ll receive $ 60 in statement credits until December 31st. (Activation required before 03/31/2022)
  • Peloton: get up to $ 120 off an eligible Peloton Digital or All-Access subscription until 12/31/2021. No fitness equipment is required.
  • Lyft: Earn 10X points on Lyft trips through March 2022. Plus, you’ll receive one year of free Lyft Pink membership. This membership gives you 15% off all journeys, plus priority airport pickup and a relaxed cancellation policy.
  • Travel insurance coverage
  • No foreign transaction fees

What to consider if you are deciding between the two

If you are not sure whether to choose the Sapphire Preferred or Sapphire Reserve, unfortunately you have to choose only one. The terms and conditions state that a person cannot have both Sapphire products at the same time.

However, here’s what you need to consider when deciding:

  • Annual subscription : Between the two cards, there is a marked difference in annual fees. The $ 95 is modest for the Sapphire Preferred, but the annual reserve fee of $ 550 is a hard pill to swallow (although the $ 300 travel credit can quickly lower the actual cost). Make sure you know which card best fits your budget.
  • Travel frequency: Many travel credit cards with great benefits revolve around one key factor: regular travel. I would define this as at least once a quarter, or more than 5 times a year. The more you travel, the more you can justify higher annual fees.
  • The “inconvenience” factor: Using these benefits to justify the annual fee is one more thing on your mind. The worst feeling is when the annual fee rolls in and you realize that you haven’t used the card to its full potential. For me, I like to keep track of all the benefits of every card I have in an Excel spreadsheet and tick them off as I use them.

At the end of the line

The Chase Sapphire Preferred® Card and Sapphire reserve both are great travel credit cards. Between their advantages and their earning potential, they deserve to be considered for your portfolio.

While you might have missed the 100,000 point welcome offer for the Chase Sapphire Preferred, there is still some great value to be squeezed out of either card. But before you apply, be sure to check your credit score and make sure you’re above the pesky Chase 5/24 rule to make sure you’re eligible to be approved for either. menu.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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