Chase Sapphire Preferred 75k Bonus: A Comprehensive Guide

The Chase Sapphire Preferred 75k bonus is a lucrative offer that can help you earn a significant amount of rewards points. To be eligible, you must apply for the credit card and spend $4,000 in the first 3 months.

This bonus is a great opportunity to jumpstart your rewards earnings, especially if you're new to the world of travel rewards. The Chase Sapphire Preferred is a solid credit card with a range of benefits, including a 60,000-point bonus for new cardmembers.

The 75k bonus is a higher tier of the original 60,000-point bonus, and it's only available for a limited time. To take advantage of this offer, you'll need to apply for the credit card before the promotion ends.

The terms and conditions of the 75k bonus are outlined in the credit card's official documentation, so be sure to review those carefully before applying.

To earn the 75,000 bonus points, you need to spend $4,000 on purchases in the first three months after opening an account. This is a significant amount, but it's worth it for the bonus points.

You can earn the bonus points on either the Chase Sapphire Preferred or the Chase Sapphire Reserve card. Both cards are offering the same 75,000-point bonus. The only difference is the travel redemption value, which varies depending on the card.

If you're considering applying for one of these cards, you should act fast, as the offer is only available until 8:00 AM CST on 6/13/2024. This is a limited-time offer, so don't wait.

You can maximize your points by transferring them to Chase's travel partners at a 1:1 ratio. This includes 14 airline and hotel partners, such as World of Hyatt, Air Canada Aeroplan, and Emirates Skywards.

Here's a breakdown of the travel redemption value for each card:

Keep in mind that you may not qualify for the welcome bonus if you've applied for five or more cards from any bank in the last 24 months, or if you received the welcome bonus in the past 48 months. You can only have one Sapphire card open at a time, so if you currently have a Sapphire Preferred card, you won't be eligible for a Sapphire Reserve card.

You can redeem your 75,000 Chase points in multiple ways, each with its own value.

You can convert your points to cash, worth 1 cent each, for a total of $750, or use them on the Chase Travel platform for a 25% higher value of 1.25 cents each, making your points worth $938.

If you're a Sapphire Reserve cardholder, you can redeem your points for an even higher value of 1.5 cents each, making your points worth $1,125 through Chase Travel.

You can also transfer your points to one of Chase's 14 transfer partners, including 11 airlines and 3 hotel chains, for a potentially higher value of up to 2-3 cents per point.

For example, you can transfer 66,000 Chase points to 66,000 United Airlines miles and fly business class on Lufthansa from Washington, D.C. to Frankfurt, Germany for just $37.80 in taxes.

This is a much better value than paying cash for the same flight, which would cost $6,251.40.

If you don't want to deal with loyalty program rules and restrictions, you can redeem your points for travel bookings at a flat rate, worth 1.25 cents each for Chase Travel bookings if you have a Sapphire Preferred.

As a Sapphire Reserve cardholder, your points are worth 1.5 cents in value through Chase Travel, making the 75,000-point bonus worth $1,125.

You can redeem your points for flights, hotels, rental cars, cruises, and activities, and your flight bookings are eligible to earn miles if you provide your frequent flyer number during booking.

The Chase Sapphire Preferred 75k bonus comes with a range of rewards and perks that make it a valuable addition to your wallet.

Carrying the Chase Sapphire Preferred card comes with a $50 annual Chase Travel Hotel Credit and 5X points on hotels and car rentals purchased through Chase Travel.

You'll also earn 2X points on all other travel purchases, including airfare and hotels, and 3X points on online groceries, dining, and delivery services, as well as 5X points on Lyft rides until March 31, 2025.

Here's a breakdown of the rewards categories:

The card also offers a unique bonus point distribution system, where you'll earn 10% of your purchases from the prior year in bonus points on your account anniversary.

The value of your rewards can vary greatly depending on how you choose to use them. If you want to redeem your points for cash, they're worth $0.01 each, making 75,000 points worth $750.

You can also redeem your points for travel, which can increase their value. With the Chase Sapphire Preferred card, your points are worth 1.25 cents each, making 75,000 points worth $937.50.

The Chase Sapphire Reserve card takes it a step further, with points worth 1.5 cents each, making 75,000 points worth $1,125.

Here's a breakdown of the potential value of your rewards, depending on the card you have:

Keep in mind that these values are based on redeeming your points for travel, which is often the most valuable way to use them.

If you're looking to book a luxurious all-inclusive resort stay, Hyatt has some amazing options. Hyatt all-inclusive hotels start at just 12,000 points per night, which includes the cost of meals and lodging.

You can redeem 72,000 Hyatt points for six nights at one of these resorts, which is a fantastic way to splurge on a vacation. With the 75,000-point welcome bonus from the Chase Sapphire Preferred or Reserve, you can book up to six free nights at an all-inclusive Hyatt hotel.

Some popular options include the Sunscape Puerto Vallarta Resort & Spa, the Dreams Calvia in Mallorca, and the new Sunscape Coco Punta Cana.

The Chase Sapphire Preferred 75k bonus is a great incentive, but how does it stack up against other credit cards? The bonus is a one-time $750 statement credit after spending $4,000 in the first 3 months, a relatively high spending requirement.

This bonus is available to new cardholders only, so if you've had the Chase Sapphire Preferred before, you won't be eligible.

To be eligible for the bonus on either Sapphire card, you must be a new applicant. Current Sapphire Preferred or Sapphire Reserve cardholders won't qualify.

You also can't have earned a welcome bonus from any Sapphire card in the previous 48 months. This means if you got a bonus from either card recently, you'll have to wait a bit before applying again.

The unofficial Chase 5/24 rule also applies, meaning if you opened five or more credit cards from any bank in the past 24 months, you're less likely to be approved for a new Chase credit card.

The Chase Sapphire Preferred and Reserve cards are often compared, and for good reason. The Sapphire Preferred is a better value for infrequent travelers who want a rewarding card for everyday spending along with practical travel protections.

Both cards currently offer a limited-time increased welcome bonus of 75,000 points after spending $4,000 on purchases within the first three months of account opening. This is worth an additional $187 to $225 in travel, depending on the card and how you redeem the points.

The Sapphire Preferred earns 5X points on Chase Travel bookings, 3X points on dining, online grocery purchases, and select streaming services, and 2X points on travel. It also offers a $50 credit towards Chase Travel hotel bookings and no foreign transaction fees.

The Sapphire Reserve earns 10X points on hotels and cars booked through Chase Travel, 10X points on Chase Dining, and 5X points on flights booked through Chase Travel. It also offers a $300 credit towards any travel purchase, Priority Pass Membership, and complimentary access to the Chase Sapphire Lounge network.

Here's a comparison of the two cards:

While the Sapphire Reserve offers more points and travel benefits, the Sapphire Preferred is a better value for those who don't travel frequently. Ultimately, the choice between the two cards depends on your individual needs and travel habits.