Chase introduces new bonus offer for Sapphire Preferred Cardholders

Chase offers elevated bonuses on this card infrequently, making this year's second offering unusual. "If you've considered getting this card, now is a great time to apply for the Chase Sapphire Preferred."

The card provides various earning categories: five points per dollar spent on travel booked through Chase Travel℠ and Lyft (through March 2025), three points per dollar spent on dining, select streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), two points per dollar spent on other travel purchases, and one point per dollar spent elsewhere.

Additionally, cardmembers receive a 10% annual point bonus based on their total spending during the account anniversary year. Chase Ultimate Rewards can also transfer to 14 airline or hotel partners.

Chris Dong from THE POINTS GUY notes that these rewards can be maximized by booking business-class tickets or stays at resorts for less than their cash equivalent.

In summary, the Chase Sapphire Preferred remains a strong option among travel rewards cards due to its perks and earning rates. It includes travel protections and up to $50 in annual hotel statement credits for hotel purchases made through Chase Travel after each member's anniversary.

"Learn more in our full review of the Chase Sapphire Preferred card," suggests THE POINTS GUY for those considering whether it deserves a place in their wallet alongside or instead of other options like the Chase Sapphire Reserve®.