This is limited to dollars spent, not on total points earned. So if you spend $30,000 in a year you’ll get an additional 3,000 points. The anniversary points boost is another benefit of the Chase Sapphire Preferred that will help add more points to your account.Įvery year, Chase will award cardmembers with an annual point bonus of 10% of your total purchases for the year. Through March 2022 you’ll also earn 5X points for every dollar you spend on Lyft rides when you pay with your Chase Sapphire Preferred.Īll other purchases will earn 1X point for every dollar spent. The card offers 3X points on online grocery purchases, but it does exclude Target, Walmart and wholesale clubs. The Chase Sapphire Preferred is a good way to maximize your return on your groceries. Just be mindful that you need to be below 5/24 to be eligible to open the card.Īnother benefit of the Chase Sapphire Preferred is the ability to earn 3X points on dining, which includes eligible delivery services, takeout and dining out.įor many people, groceries can be one of their biggest monthly budget items. So just the welcome bonus alone will give you a 4-5 day stay at some of the best and most interesting hotels around the world.įor those looking to put their benefits to use, there’s a lot of great ways to find value in the bonus from the Chase Sapphire Preferred. If you’d rather use the points for hotel stays, there are quite a few luxurious Hyatt hotels around the world where you can stay for 12,000-15,000 per night. For example, you can fly roundtrip to Europe in economy for 60,000 points or fly a family of three to Hawaii! At the very minimum, that’s $800 toward travel when you redeem the bonus points through the Chase travel portal.Ĭhase has great transfer partners such as Hyatt and United, and the signup bonus could be worth much more than $800 if you transfer Ultimate Rewards to one of the partners. The Chase Sapphire Preferred comes with 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. One of the biggest and most immediate perks you’ll get from the Chase Sapphire Preferred is the welcome bonus.
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