Can I Close the Chase Sapphire Preferred and Get the Bonus Again

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The Chase Sapphire Preferred® Card's 100,000-point bonus has officially ended.

The bill of fare is now offering its standard 60,000 Hunt Ultimate Rewards points later on you spend $4,000 in the get-go three months. According to Hunt, 60,000 bonus points are worth $750 when yous redeem them through the Chase portal — still a lucrative deal, simply not nearly as much as the $one,250 value of the previous 100,000-point offer.

That said, nosotros like the Sapphire Preferred for more than just its welcome bonus. It's a great travel credit carte with high-value rewards on both travel and everyday spending. The bill of fare earns:

• 5x points on all travel purchased through the Chase Ultimate Rewards portal
• 3x points on dining (including eligible delivery services and takeout), select streaming services, and online grocery purchases
• 2x points on travel not purchased through Chase
• one point per dollar on everything else

Y'all'll likewise go a $50 annual credit on hotel stays when you book through the Chase travel portal, equally well every bit a x% almanac points bonus on all of your yearly spending.

While you can redeem your bonus points through the portal, y'all tin also transfer them to partners such as United Airlines, Southwest Airlines and Hyatt Hotels. Through March 2022, Chase extended its Pay Yourself Dorsum feature on the Sapphire Preferred, so you can redeem points for Airbnb and Abroad purchases for the same boosted i.25 cents per indicate every bit travel.

And, of course, even the new sixty,000-signal welcome bonus tin be a great value. Just retrieve, y'all shouldn't spend more than you can afford only to hit the minimum spending requirement for any welcome bonus. No corporeality of points is worth going into debt or paying high fees. With whatsoever credit card, nosotros recommend paying your bills on fourth dimension and in full every calendar month to maximize the value of any points earned.

The Hunt Sapphire Preferred has a $95 annual fee, and nosotros still consider it our favorite travel card with an annual fee under $100.

But with the loss of the Sapphire Preferred's sky-high welcome bonus, you may as well desire to consider other neat rewards credit card options on the market. Whether yous're looking for the adjacent-best welcome offer or you call up another card might be a better fit for you, hither are some alternatives to consider.

• Intro offer:

  60,000 points

• Almanac fee:

  $95

• Regular APR:

  15.99%-22.99% Variable

• Recommended credit:

  670-850 (Good to Splendid)

• Use Now At Chase'south secure site

• Intro offer:

  60,000 miles

• Annual fee:

  $95

• Regular Apr:

  sixteen.24% – 24.24% (Variable)

• Recommended credit:

  670-850 (Skilful to Excellent)

• Larn more At our partner's secure site

• Intro offering:

  60,000 points

• Almanac fee:

  $95

• Regular APR:

  xvi.24% – 24.24% (Variable)

• Recommended credit:

  670-850 (Practiced to Excellent)

• Larn more At our partner'due south secure site

Capital letter One Venture Rewards Credit Menu

The Upper-case letter One Venture card is perhaps the biggest travel rewards competitor to the Sapphire Preferred. Like the Sapphire Preferred, the Capital letter One Venture has a $95 annual fee, only differs in terms of travel perks and earning rates.

The Venture carte earns a flat charge per unit of 2 miles per dollar on every purchase and offers upwardly to a $100 credit toward your application fee for TSA PreCheck/Global Entry every four years. You can redeem your Capital 1 miles through the issuer's travel portal or by transferring to partners like Pick Privileges and Air Canada Aeroplan.

The Venture Card'due south current welcome offer is 60,000 Capital One miles after spending $3,000 on purchases in the first iii months of account opening. According to Uppercase One, miles are worth i cent each, making this bonus worth $600 when redeemed for travel.

Citi Premier® Card

The Citi Premier card is some other $95 annual fee travel rewards credit card. Its marquee perk is a $100 Annual Hotel Savings Benefit credit toward a single stay booked through Citi of $500 or more. It also earns 3 Citi ThankYou points per dollar at restaurants, supermarkets, gas stations, travel, and hotels, also as one points per dollar on everything else.

Citi's ThankYou rewards plan isn't equally robust as Chase Ultimate Rewards, simply you tin redeem your ThankYou points for argument credits, souvenir cards, transferring to travel partners similar Air France-KLM Flying Bluish and Virgin Atlantic Flying Club, and more than.

Right now, you can earn lx,000 bonus points after spending $4,000 within iii months of account opening. That's worth upwardly to $600 in value when you redeem for gift cards or cash, just yous'll likely get the best value for travel redemptions, whether you book through Citi or transfer to partners. These values vary based on your specific travel plans, co-ordinate to Citi.

American Express® Green Card

The Amex Green card is geared toward somewhat frequent travelers, and can assistance you salvage on both travel expenses and everyday purchases. It earns 3 Membership Rewards points per dollar at restaurants (including takeout or delivery), as well as three points per dollar on transit and travel, plus 1 point per dollar on all other purchases. The Amex Greenish besides offers annual credits of up to $100 for Articulate and LoungeBuddy membership.

You tin can earn 45,000 Membership Rewards points after yous spend $2,000 in the first six months with the Amex Dark-green bill of fare. These points can exist worth $450 when redeemed toward travel, according to Amex's calculations. Information technology carries a $150 almanac fee.

The Platinum Card® from American Limited

The Amex Platinum recently raised its annual fee to a whopping $695 (see rates & fees) just its suite of perks can aid frequent travelers offset the cost — and it's offering one of the highest welcome offers out at that place.

Right at present, you can earn 100,000 bonus points if y'all spend $half-dozen,000 in the commencement half dozen months of card membership. While this minimum spending requirement is slightly college than the 1 we saw on the Preferred card, that'southward even so worth upwardly to $1,000 when you lot redeem for travel through Amex. Simply make sure the spending required aligns with your budget, and that you can justify the ongoing almanac fee cost before y'all apply.

Unlike another travel cards, the Platinum carte'south rewards offering the most value on travel spending, which means very frequent travelers volition nigh easily maximize points. Information technology earns 5x Membership Rewards points on flights booked through American Express Travel or direct with airlines (on up to $500,000 spent per calendar yr), and 5x points on prepaid hotels booked through American Express Travel, plus 1x on all other purchases.

Some of the card's other notable perks include upwardly to $200 almanac airline fee credit, $200 hotel credit for prepaid bookings through the Fine Hotels + Resorts® or The Hotel Collection properties made through American Express Travel, and up to $179 annual statement credit for a Clear membership.

For rates and fees of The Platinum Card from American Express, click here

EDITORIAL INDEPENDENCE

As with all of our credit menu reviews , our analysis is not influenced by any partnerships or advertising relationships.

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Source: https://time.com/nextadvisor/credit-cards/chase-sapphire-preferred-100k-bonus-ending/

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