The Chase Sapphire Preferred Card has undergone a significant transformation, offering an enticing package of benefits and a record-breaking sign-up bonus. This update is a game-changer for both new and existing cardholders, providing an array of perks that make the card more valuable than ever.
Enhanced Perks for All
One of the standout features is the expanded hotel credit, now worth $100 annually. This benefit, applicable to both new and existing cardholders, effectively offsets a large portion of the card's annual fee. For instance, booking a $150 hotel through Chase Travel would only cost you $50 out of pocket, thanks to the credit.
Additionally, the card now offers a complimentary one-year Apple TV subscription, a valuable perk for entertainment enthusiasts. Cardholders can enroll through Chase Benefits & Rewards and link their Apple ID to take advantage of this offer.
Maximizing Bonus Categories
The Sapphire Preferred has introduced new bonus categories, earning cardholders 3 points per dollar on gas, EV charging, and vacation home rentals booked through specific platforms. These categories join existing 3-point categories like dining, online groceries, and streaming services. With these additions, the card becomes an attractive option for everyday spending, especially with the valuable Chase Ultimate Rewards points.
Expedited Screening Services
Another notable benefit is the $120 application fee credit for Global Entry, TSA PreCheck, or Nexus. This credit, valid every four years, provides excellent value, especially considering the card's low annual fee. For frequent travelers, especially those who fly internationally, this benefit can significantly enhance the travel experience.
Comprehensive Travel Protections
The card's travel protections have also been expanded, now including emergency evacuation and transportation. To access these benefits, cardholders must use the Sapphire Preferred to pay for eligible travel purchases. This feature, along with other built-in protections, makes the card an essential tool for travelers seeking peace of mind.
A Record-Breaking Sign-Up Bonus
For new cardholders, the Chase Sapphire Preferred is offering a limited-time welcome bonus of 100,000 points after spending $5,000 in the first three months. This is the third time in the card's history that such a high bonus has been offered, making it an opportune moment to apply. According to TPG's valuations, this bonus is valued at over $2,000 when maximized with Chase's transfer partners, an incredible return for a $95 annual fee.
Legacy Benefits for Existing Cardholders
While both new and existing cardholders gain access to the new benefits, those who opened their accounts before June 15 retain two legacy perks. They continue to earn a 10% anniversary points bonus on purchases until October 1, 2026, and have access to Chase's 1:1 transfer ratio to World of Hyatt until September 30.
Final Thoughts
The Chase Sapphire Preferred's recent updates have elevated it to a new level of competitiveness in the credit card market. With its expanded benefits, record-breaking bonus, and comprehensive travel protections, it's an excellent option for travelers seeking value and convenience. For existing cardholders, now is the time to activate these new perks and make the most of the card's enhanced features.
