If you’ve been on the fence about applying for a Chase Sapphire Preferred® Card, Chase is upping the ante by offering its most valuable sign-up bonus and travel credit in years. It’s actually a one-two punch — the opportunity to earn 60,000 bonus points and up to $300 in Chase Travel statement credits.
All totaled, the value of the new cardholder offers can be as much as $1,050. If the card’s $95 annual fee is why you’ve been hesitant, consider that if you take full advantage of the sign-up bonus offer, it covers your annual fee for 11 years.
All the Details
To earn the 60,000 bonus points, new cardholders must spend $4,000 on purchases in the first three months from account opening. Those bonus points can then be redeemed in a number of ways — but if you redeem through Chase Travel, you’ll get a 25% value boost on those points, making them worth $750.
In addition, when you make purchases through Chase Travel in the first year, you’ll get statement credits for up to the first $300 you spend. Together, the two bonuses equal $1,050.
One detail to note: If you’ve received a Sapphire credit card bonus in the last 48 months, you will not be eligible for this offer.
[READ: How to Maximize Points With the Chase Trifecta]
Past Sign-Up Bonus
While the 60,000 bonus points offer has been around for a while, the $300 travel credit is a new addition — essentially boosting the card’s first-year value. For anyone booking a trip in the next 12 months, it makes sense to choose this mid-tier travel rewards card for its moderate annual fee and top-notch bonus.
What’s more, when you book through Chase Travel, you’ll get a $50 Annual Chase Travel Hotel Credit and earn five points per dollar spent.
[Read: Best Travel Rewards Credit Cards.]
Alternative Cards to Consider
If you’re looking for credit cards that have different travel partners or bonus rewards categories that better fit your spending, here are a couple of alternative cards to consider.
The Citi Strata Premier? Card
For the same annual fee of $95 per year, the Citi Strata Premier? Card also has an impressive (though not as valuable) sign-up bonus. The offer is 70,000 bonus points after spending $4,000 in the first three months from account opening, redeemable for $700 in gift cards or travel rewards on thankyou.com. (See Rates & Fees)
However, you might prefer the card’s bonus categories. You’ll earn 10 points per dollar spent on hotels, car rentals and attractions booked through CitiTravel.com; three points per dollar spent on air travel and other hotel purchases, and at restaurants, supermarkets, gas and EV charging stations.
Citi’s 1:1 travel transfer partners include popular airlines like JetBlue and Virgin Atlantic. The card also offers an annual $100 statement credit off a single hotel stay of $500 or more booked through CitiTravel.com.
[Read: Best Credit Cards.]
Capital One Venture Rewards Credit Card
Another mid-tier travel rewards card with a $95 annual fee is the Capital One Venture Rewards Credit Card. It offers 75,000 bonus miles after you spend $4,000 within the first three months. The card’s bonus categories are simple: 2 miles for every dollar spent, or 5 miles for every dollar spent on hotels, vacation rentals and rental cars booked through Capital One Travel. You can transfer your miles 1:1 with more than 15 transfer partners. (See Rates & Fees)
More from U.S. News
11 Cool Credit Card Perks You Haven’t Heard About
Best Credit Cards for a Disney Vacation
Which Credit Cards Can Get You Airport Lounge Access?
Chase Sapphire Preferred Offering Highest Sign-Up Bonus Since 2021 originally appeared on usnews.com
