You can now save over $900 on travel with the new Chase Sapphire Preferred Card

The Chase Sapphire Preferred® Card is a popular rewards credit card, especially among frequent travelers. Recently, a welcome bonus was added for a limited time, allowing new cardholders who meet minimum spending requirements to earn a bunch of extra Chase points. I'll explain how you can save over $900 on your travels with the new Chase Sapphire Preferred® Card.

New and improved welcome bonus is here

Chase recently increased the welcome bonus on the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. If you've been thinking about applying for any of these cards, now might be an ideal time because of the new and improved welcome bonus offers.

Previously, these two cards offered a welcome offer of 60,000 bonus points when you spent $4,000 within 3 months of account opening. But now, new eligible cardholders can earn 75,000 bonus points if they meet the same minimum spending requirements.

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If you apply for the Chase Sapphire Preferred® Card and are approved and meet the welcome bonus criteria, you can earn 75,000 bonus points from the welcome offer. This allows you to enjoy a more affordable vacation. Using credit card rewards to help pay for travel is a great personal finance strategy.

How to Turn Your Welcome Bonus into Over $900 in Travel Discounts

The Chase Sapphire Preferred® Card offers flexible redemption options. You can redeem rewards in a variety of ways. Here are three popular redemption options worth considering:

  • Redeem bill points: You can redeem your rewards for bill points on your credit card account. When you do this, each point is worth $0.01. this means 75,000 bonus points Will be worth $750 as bill credit.
  • Transfer your points to an eligible travel partner: Another option is to transfer your points to any of Chase's many travel partners. You can then redeem hotel booking awards or award flights through select airline and hotel rewards programs. the value of 75,000 bonus points Varies based on plan and reservation.
  • Book travel through the Chase Travel portal: Alternatively, you can redeem travel booking rewards through the Chase Travel portal. When you do this, each of your points is worth $0.0125, so 75,000 bonus points Travel value $937.50.

Only you can decide the best way to redeem your credit card rewards. It's a good idea to think about your goals before making an exchange.

But if you're planning an upcoming trip and want to keep more money in your checking account, redeeming your points to pay for your trip might be a worthwhile move.

What’s so great about the Chase Sapphire Preferred® Card?

In addition to a generous welcome bonus, the Chase Sapphire Preferred® Card has other great features. You can earn rewards on travel, dining, online groceries, select streaming services and other credit card purchases.

You can also earn a 10% points bonus on every card anniversary. The Chase Sapphire Preferred® Card also provides cardholders with a $50 annual hotel credit that can be earned as a statement credit when a hotel stay is booked through the Chase Travel portal.

This travel credit card also includes useful travel protections such as trip cancellation and trip interruption insurance, trip delay compensation and baggage delay insurance. It's easy to see why so many travelers like to keep this card in their wallets. If you want to explore other travel cards, check out our list of the best credit cards.

Reminder: Our top-rated cash back card now has 0% APR until 2025

Not only does this credit card perform well, it's so good that our experts use it themselves. It comes with a lengthy 0% APR introductory period, up to 5% cash back rate, and all with no annual fee! Click here to read our full review for free and apply in just 2 minutes.

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