Chase Sapphire Preferred offer now 60K in-branch and online ($95 AF not waived first year)

Update: This offer is now available online as well.

The offer has been increased for the Chase Sapphire Preferred card for in-branch applications: now get 60,000 Ultimate Rewards points after spending $4,000 in the first 3 months. Note that unlike the previous 50K offer, the new offer does not waive the $95 annual fee in the first year. Still, the extra 10,000 Ultimate Rewards points easily makes up for that.

Chase Sapphire Preferred


The Offer

  • A new sign-up bonus is now available on the Chase Sapphire Preferred card for in-branch applications: Get 60,000 Ultimate Rewards points after spending $4,000 on purchases in the first 3 months (note the $95 annual fee is not waived the first year)
  • Now available online. See our Chase Sapphire Preferred card page to learn more and find a link.

Key Card Details

Chase Sapphire Preferred Card

FM Mini Review: Great signup bonus. This may be the single best "starter card" for those eager to get into miles & points.

Annual Fee: $95

Card Type: Visa Signature


Earning rate: 2X Travel and Dining ⚬ 5X Lyft

Noteworthy perks: Primary auto rental collision damage waiver ⚬ Free DashPass for up to 2 years upon activation

See also: Chase Ultimate Rewards Complete Guide

Quick Thoughts

It’s great to see a 60K offer return on this card as it has been a while since we last saw an increased offer on either of the Sapphire cards. At the moment, it is only available in-branch. Most branches are closed on Sunday, though if you have one open today this offer should be available. Most people will have to wait until at least tomorrow to apply in-branch. Note that the best offer available online remains the 50K offer at this time.

That said, keep in mind that there will still be the usual Sapphire restrictions: you are not eligible if you have received a new cardmember bonus on any Sapphire card in the past 48 months. Furthermore, this card is of course subject to the Chase 5/24 rule.

Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely.

Still, those eligible should certainly consider this card as the increased bonus is certainly a deal. While the annual fee was waived for the first year on the previous welcome offer of 50K points, the additional 10K points are worth more than the cost of the fee by any measurement: those points could be cashed in at $0.01 each for $100 (more than enough to offset the fee). They could alternatively be used to book $125 worth of travel via the Chase travel portal. Better yet, they could be transferred to partners for a lot more potential value. Just the other day I wrote about redeeming 12K points per night for the Hyatt Regency Tokyo (which transfer 1:1 from this card) at a time when room rates are north of $400 per night. There are plenty of sweet spots in the Ultimate Rewards program that could yield similarly strong value (See: Ultimate Rewards. Deep dive.).

Chase Ultimate Rewards points are super valuable and super flexible. At the most basic level, points can be redeemed for cash or merchandise, but you'll only get one cent per point value that way. A better option is to use points for travel. When points are used to book travel through the Ultimate Rewards portal, points are worth 1.25 cents each with premium cards (Sapphire Preferred or Ink Business Preferred, for example) or 1.5 cents each with the ultra-premium Sapphire Reserve card. Another great option is to transfer points from a premium or ultra-premium card to an airline or hotel program when high value awards are available (see this post for details). If your points are tied to a no-fee "cash back" Ultimate Rewards card, then first move those points to a premium or ultra-premium card before redeeming them in order to get better value.

Of course, if you are under 5/24, you may first want to consider Chase business cards. Those cards are subject to the 5/24 rule, but do not add to your 5/24 count.

Chase 5/24 semantics ("Subject to" vs. "Count towards"): Most Chase cards are subject to the 5/24 rule. That means the rule is enforced in making approval decisions. In other words, you probably won't get approved if your credit report shows that you opened 5 or more cards in the past 24 months. Meanwhile, most business cards (such as those from Chase, Amex, Barclaycard, BOA, Citi, US Bank, and Wells Fargo) are not reported on your personal credit report. These cards do not count towards 5/24.

Example: Chase Ink Business Preferred is subject to 5/24, so you likely won't get approved if over 5/24. If you do get approved, it won't count towards 5/24 since it won't appear as an account on your credit report.
Applying for Business Credit Cards

Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale, or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.

When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.

Is it OK to use business cards for personal expenses? Anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.

All that said, if you’re eligible for a new cardmember bonus on a Sapphire card and are willing to burn a 5/24 slot, this is a good way to do it. Even if your ultimate goal is to eventually have the Sapphire Reserve, it’s worth considering this intro offer and an upgrade to the CSR in a year or two if that’s the path you’re looking to take.

Last updated on March 31st, 2019

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

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Not eligible if you received the bonus in past 48 months? Did they change it to 48 from 24 months?


Waiting patiently for this to go public as I already a 3 Chase Business cards and the Freedoms. What more could I ask for…


Hello, Don’t know if you are still following this thread. I have searched, but can’t find answer. How long should I wait before applying for the CSP after product changing from my 6 year old CSP to Freedom? I haven’t received any CSP bonus in well over 48 months and am eager to do so again. Thank you!!