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Chase Sapphire Cards Offering New Bonuses: Earn Up to $750 in Free Travel

Save money on your "vaccication" with these valuable limited-time travel offers from Chase Sapphire.

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The Chase Sapphire credit cards are among the best in the travel rewards realm. And now, Chase is offering new limited-time offers on the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®.

Both come at the perfect time, as experts hope that the COVID pandemic will be under control at some point this year, and travel will start back up again on a mass scale. Depending on your travel plans, your preferences and your budget, here’s how to decide which offer is better for you.

New Sapphire Sign-Up Bonuses

You can earn up to 60,000 bonus points through the Chase Sapphire credit cards. Here’s what you can expect from each credit card.

Between the two cards, the Sapphire Preferred offers the better bonus. If you use your points to book travel through Chase, they’re worth 25% more, giving you a value of $750 — there are very few cards that have offered more value than that upfront. 

The Sapphire Reserve’s bonus is nothing to sneeze at, though. The 50,000 bonus points are worth $750 in travel because the card offers a 50% value boost on those redemptions.

Chase Sapphire Preferred Card

Offer Details

Secure application on issuer’s website.

Annual Fee: $95
Bonus: 60,000 Points
APR: Variable Rate
Rewards Rate: 1X-5X Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $95

APR: Variable APR depending on credit worthiness.

Rewards Rate: The card offers 5x points per dollar on travel booked through Chase Ultimate Rewards, 3x points on dining (including eligible takeout and delivery services), 3x points on select streaming services, 3x points on online groceries (excluding Target and Walmart), 2x points on all other travel spending and 1x point per dollar everywhere else. Chase broadly defines travel to include not just airfare, hotels and rental cars, but expenses like parking, tolls and public transit too. Also, the card earns 5x points per dollar spent on Lyft rides through March 2022.

Sign-Up Bonus: New applicants can earn 60,000 bonus points after using their card to spend $4,000 on purchases in the first three months of account opening. That’s $750 when redeeming points to book travel through Chase Ultimate Rewards.

Who Should Use This Credit Card? People who are beginning with travel rewards cards.

Why We Like It

Why We Like the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred actually works like having over a dozen different rewards credit cards. That’s because this credit card allows you to transfer your rewards points into miles with 11 airlines and points with three hotel programs.

Although the Chase Sapphire Preferred might not be ideal for the most frequent travelers and highest spenders, it’s part of a family of Chase cards that has a built-in upgrade path. So when it comes time to take your travel rewards game to the next level, you won’t have to start from scratch with an entirely different credit card and rewards program.

The card has a $95 annual fee, but the $50 annual Ultimate Rewards Hotel Credit effectively reduces that fee to $45. Plus, the credit card allows you to continue earning points through bonus categories and a 10% anniversary points boost. But when it comes time to redeem your rewards for travel, this card really shines. You can take advantage of some really strong transfer partners such as United, Southwest, Singapore Airlines, Virgin Atlantic and Hyatt. Similarly, you can just book any reservation you want through the Chase Ultimate Rewards travel center.

The Chase Sapphire Preferred offers new cardholders 60,000 bonus points after spending $4,000 in the first three months from account opening. Plus, with perks like an annual $50 hotel credit and 10% point bonus on your cardholder anniversary, the Sapphire Preferred is a valuable travel credit card. Read our full review of the Sapphire Preferred.


Chase Sapphire Reserve

Offer Details

Secure application on issuer’s website.

Annual Fee: $550
Bonus: 50,000 Points
APR: Variable Rate
Rewards Rate: 1X-10X Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $550

APR: Variable APR depending on credit worthiness.

Rewards Rate: The card offers you 10x points per dollar spent on hotels, rental cars and Chase Dining experiences booked directly through the Chase Ultimate Rewards portal. Additionally, it awards 5x points on flights booked through Chase Ultimate Rewards and 3x points per dollar spent on all travel and dining purchases and 1x everywhere else.

Sign-Up Bonus: Earn 50,000 bonus points after using their card to spend $4,000 within three months of account opening.

Who Should Use This Credit Card? Frequent travelers who are serious about earning travel awards.

Why We Like It

Why We Like the Chase Sapphire Preferred® Card

Right off the bat, Chase Sapphire Reserve features a $300 annual credit for travel purchases. That means the annual fee is effectively just $250 per year for frequent travelers. You also get free access to more than 1,300 Priority Pass lounges and restaurant options around the world. Those lounges usually give you free food and drinks, cleaner bathrooms, fast internet and a comfortable place to sit outside of the ruckus of an airport terminal. Plus, the Sapphire Reserve will get you access to the upcoming Chase Sapphire Lounge network.

If you’re looking to elevate your travel experience, look no further than the Chase Sapphire Reserve. When you first get approved, you’ll earn 50,000 bonus points after you spend $4,000 in the first three months — that’s worth $750 in travel booked through Chase Ultimate Rewards and potentially more if you transfer your rewards to one of Chase’s airline or hotel partners.

The Chase Sapphire Reserve offers new cardholders 50,000 bonus points after spending $4,000 in the first three months from account opening. Read our full review of the Sapphire Reserve.


And remember, you can redeem your Ultimate Rewards points for much more than travel. The program also allows you to use your rewards to get cash back, buy gift cards, shop online with certain retailers and purchase Apple products — albeit at lower redemption rates than travel. You can also transfer your points to one of Chase’s airline or hotel partners and potentially get even more value.

In both cases, these bonuses match the highest they’ve been in recent memory.

Which Sapphire Card Should You Choose?

It can be difficult to know which card to choose, especially when both have solid offers like this. So it’s important to consider a few things before you make your decision.

Travel Habits

The Chase Sapphire Reserve offers the smaller bonus, but over the long haul, it provides a lot more value. In addition to the rewards program, the card also gives you complimentary airport lounge access, a $300 annual travel credit, a fee credit for Global Entry or TSA PreCheck, special rental car privileges with select companies and more. If you travel more than the average person, the Sapphire Reserve can be well worth it.

Budget

The Sapphire Reserve does offer more overall value, but it comes at a steep price. You’ll pay a $550 annual fee for the card, which is much higher than the $95 you’d pay with the Sapphire Preferred. Of course, if you expect to spend at least $300 in travel every year, that annual credit effectively reduces your yearly outlay to $250. So you’d just need to decide if it’s worth paying that much each year for the card’s perks.

Preferences

Even if you travel a lot and can afford a higher annual fee, you may simply prefer to pay less, even if it means you’ll be missing out on certain things. While both cards are excellent for travel hackers who look to maximize the value of their rewards at every turn, the Sapphire Preferred is also a solid choice for folks who are more casual about travel rewards.

A Couple of Things to Note Before You Apply

You’re not eligible for a new sign-up bonus on either Sapphire card if you’ve earned a sign-up bonus on one of them in the last four years. You also can’t have both cards at the same time. So if you’ve had one of the cards in the recent past and canceled it, you may not be eligible for the higher incentive. And if you already have one of the cards in your wallet, you’ll be automatically denied if you submit an application.

The Bottom Line

The new Chase Sapphire sign-up bonuses come at an excellent time. If you are thinking about booking a post-pandemic trip, either to visit family members for the first time in over a year, to take the trip you were planning for 2020 or to simply relax on the beach, these cards can help you get there.

Take your time in deciding which one to choose, though. While it’s possible to request a product change after the fact, converting your Sapphire Preferred card to the Sapphire Reserve or vice versa, can be a hassle. So you’ll want to decide now which card will be the best for you in the long run.

  • Chase Sapphire PreferredYou’ll earn 60,000 bonus points after you spend $4,000 in the first three months from account opening. 
  • Chase Sapphire ReserveYou’ll earn 50,000 bonus points after you spend $4,000 in the first three months from account opening.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Ben Luthi
Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.