Update: Greg the Frequent Miler has confirmed that Chase Private Clients can get a 65K offer from their banker.
Chase has increased the bonus on the Sapphire Preferred from 45K to 55K after $4K in spend during the first three months plus adding an authorized user. The $95 annual fee is waived the first year.
The 55K bonus is paid out as follows:
Earn 50,000 bonus points after you spend $4,000 on purchase in the first 3 months from account opening* – that’s $625 towards airfare or hotels when you redeem through Chase Ultimate Rewards®.
Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.*
The Chase Sapphire Preferred earns 2X on dining and travel and opens up the ability to transfer Ultimate Rewards points to travel partners. You cannot receive this bonus if you currently have the card or have received a bonus for it in the past 24 months.
You can find the application link on the Best Signup Offers page.
Do note that Chase has been very strict with approvals for the Sapphire Preferred card lately for people who have applied for a lot of credit cards. Many people report being denied for having more than 5 new credit cards across all banks during the past 24 months.