Also: Save on car rentals with AutoSlash May 20, 2024
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by Katie Genter, Senior Writer
[TPG | Hero Image] The [Chase Sapphire Preferred® Card]( is currently offering an [elevated sign-up bonus]( of 75,000 bonus points when you spend $4,000 on purchases in the first three months. You might be wondering whether you are eligible for this bonus and how much value you could get from 75,000 points. Letâs start with [eligibility for the sign-up bonus](. In short, you wonât be eligible for this bonus if you currently have any Chase Sapphire credit card or received a new cardmember bonus on a Sapphire card within the last 48 months. And youâll usually need a credit score of 700 to be approved. If you change your product to a Chase Sapphire Preferred, you wonât receive the sign-up bonus. But if you are a current Chase Sapphire cardholder who didnât earn a new cardmember bonus within the last 48 months, you could [downgrade your card and then apply for a new one](. As for how much 75,000 Chase Ultimate Rewards are worth, it depends on how you redeem them. The bonus is worth a guaranteed $937 when you [redeem for travel through Chase Travelâ]( as you can redeem points at a rate of 1.25 cents each. But you might get significantly more value if you transfer points to high-value [Chase Ultimate Rewards transfer partners](. Check out the following posts to learn more: - [Chase Sapphire Preferred Card review: A top travel and dining card](
- [New to Chase Ultimate Rewards? Here are 3 easy ways to redeem 75,000 points](
- [How to redeem Chase Ultimate Rewards points for maximum value](
- [Who should (and shouldnât) get the Chase Sapphire Preferred?]( Posts in this newsletter contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products, and this may impact how or where they appear. For an explanation of our Advertising Policy, [visit this page](.
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