Link: Chase Sapphire Preferred credit card 40,000 point signup bonus offer (50,000 point offer is expired, but 40,000 points are still available.)
The Points Guy reports that the remaining links offering 50,000 points as a signup bonus for the Chase Sapphire Preferred card will stop working on Tuesday.
This is the best signup offer available for what is, in my opinion, the best all around rewards credit card.
I wrote last week that the 50,000 point bonus offered seemed as though it was on the way out — the publicly available offer on the Chase website was reduced from 50,000 points to 40,000. Chase also changed its television ads. I confirmed with Chase that they intended the 50,000 point signup bonus to end with the conclusion of Winter.
That’s why it was surprising that links which offered me a referral credit continued to generate 50,000 points after $3000 in spend within 3 months, waiving the annual fee the first year. And since Chase gives an annual 7% bonus on all points earned, the signup bonus actually yields 53,250 points. (With your minimum spend, of course, that’s more points — exact number depending on what you spend money on..)
Points transfer to United, Hyatt, British Airways, Korean Airlines, Southwest, Amtrak, Marriott, and Priority Club (in addition to being worth 1.25 cents apiece towards straight paid travel, though that’s not how I’d use them).
The card offers two points per dollar on all travel and restaurant spend, and has no foreign currency conversion fees. Outside the U.S. I find this is the best card to use even at Hiltons and Starwood properties, where those chains’ co-branded cards hit you with foreign currency fees.
If you’ve been thinking about a new credit card, have been on the fence on this one, or are just looking for the best current signup bonus, while it’s certainly conceivable that the 50,000 point signup bonus could return in the future, you may want to jump on the deal now before the current offer expires.
Update: the offer is now for 40,000 points.