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The Chase Sapphire Preferred introduced a new & improved welcome bonus today, tossing up to $50 in statement credits for grocery purchases in the first year on top of the standard bonus of 60,000 points after $4K in purchases in the first 4 more.
The Offer & Key Card Details
For more information and to find a link to apply, click the card name below to go to our dedicated card page.
| Card Offer and Details |
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 ⓘ $985 1st Yr Value Estimate$50 prepaid hotel credit valued at $35 Click to learn about first year value estimates 75K Points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer Earn 75,000 bonus points after spending $5,000 within the first three months from account opening.$95 Annual Fee Recent better offer: Expired 5/14/25: 100K after $5K spend FM Mini Review: Great welcome offer. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with no annual fee Ultimate Rewards cards such as the Freedom cards, Ink Business Cash, and Ink Business Unlimited. Earning rate: 5X Travel booked through Chase Travel℠ (2X all other travel) ✦ 5X Lyft through 9/30/27 ✦3X Dining ✦ 3X Select streaming services ✦ 3X Online grocery ✦ 10% annual point bonus Card Info: Visa Signature issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: Primary auto rental collision damage waiver ✦ Free DoorDash DashPass (min. one year, must activate by 12/31/27)✦ $10 off each month on one non-restaurant orders from DoorDash ✦ Transfer points to airline & hotel partners ✦ $50 back for hotel stays booked through Chase per cardmember year in the form of a statement credit ✦ Each account anniversary earn bonus points equal to 10% of total purchases made the previous year. |
Quick Thoughts
The Chase Sapphire Preferred remains a perennial favorite among rewards enthusiasts because of its excellent welcome bonus and because you need a premium Chase card (like the Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred) in order to be able to transfer points to Chase airline and hotel partners.
Keep in mind several things: First, this card is subject to the Chase 5/24 rule, so you will not be approved if you have opened 5 or more personal credit cards in the past 24 months.
| Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months. To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely. |
Second, this card is subject to the Sapphire 48-month rule, which is to say that you will not be eligible for this welcome bonus if you have received a welcome bonus on a Sapphire Preferred or Sapphire Reserve card within the past 48 months.
Third, while the benefits of the Chase Sapphire Reserve may make more sense than the Sapphire Preferred for many readers in the long-term, we often recommend applying for the Sapphire Preferred initially for its better welcome bonus and then product changing down the road if you prefer the Reserve. That strategy holds true with the current offer.
While the new grocery credit isn’t nearly as good as the 80K offer we saw last fall, there is still no denying that the 60K offer — which could be redeemed for up to $750 in grocery store purchases via Chase Pay Yourself Back — is highly valuable. The additional $50 kicker is just icing on the cake.
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