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Our favorite cards have been updated for ways to earn even MORE Ultimate Reward Points than previously, as well as giving some extra perks for cash back. As of August 16th, these new benefits are in place for NEW and EXISTING card members. The best part is the annual fees are staying the same. Let’s dig into the new changes!
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Who can Qualify?
Before I jump into the new changes, let’s quickly go over who can qualify for the Chase Sapphire cards:
- If you are NOT currently a Sapphire cardholder
- Have NOT recieved a Sapphire card bonus in the last 48 months
- Have NOT opened moer than 5 cards in the last 24 months
If you meet the above qualifications, do not delay getting this card. For more ideas on what you can use the points for, you can check out 11 ways to use 100,000 Chase Ultimate Rewards Points.
Chase Sapphire Preferred Card
Starting with the Chase Sapphire Preferred card. This card gives you the best bang for your buck. If you don’t currently hold a sapphire product, this is THE card to get RIGHT NOW before this amazing bonus goes away. It has a lower annual fee ($95) and is currently offering 100,000 Ultimate Rewards Points after you spend $4,000 in the first 3 months of opening. These 100,000 points can be used for up to $1,250 or more in value on travel or pay yourself back purchases.
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Now you can also get a $50 hotel credit annually when you book through the Chase Ultimate Rewards Travel Portal, as well as:
- 5x Ultimate Reward Points on travel booked through the Chase Travel Portal
- 3x Ultimate Reard Points on restaurants, streaming services and online groceries (excludes Target, Walmart and Wholesale Clubs, as well as in-store grocery purchases)
- 2x on all other travel purchases outside of the Chase Travel Portal
- 1x on all other spending
Earn 100,000 bonus points once you spend $4,000 on purchases within the first 3 months from account opening. The Chase Sapphire Preferred Card is one of our favorite Travel cards always in our wallet.
- Earn a $50 hotel credit annually when you book a stay through the Chase Travel Portal
- Earn 5x UR when booking travel through the Chase Portal
- 3x on dining, select streaming services and online grocery purchases (excluding Target, Walmart and Wholesale clubs). Also excludes in-store grocery purchases.
Learn more about Travel Credit Cards here.
10% Anniversary Points
Now new Sapphire Preferred cardmembers can also earn an annual 10% point bonus. This will be 10% of the total purchases made for the previous year. So if you spent $30,000 in a calendar year, you would earn an additional bonus of 3,000 points. Its not a ton but I’ll take any extra points I can get for doing nothing more than swiping that card wherever I go.
Chase also gave the Sapphire Preferred card a sleek but simple makeover. This is available to new and existing cardmembers as well. I think it is nice to differentiate the card from the Chase Sapphire Reserve as they currently did not look very different.
Now if you travel more than maybe 4 times a year, you might want to take a closer look at the Chase Sapphire Reserve card. This is the premium version of the Sapphire products, but, it does not have as high of a welcome offer as the Chase Sapphire Preferred. For the same $4,000 spend, you earn 60,000 Ultimate Rewards points. This card also comes with a hefty $550 annual fee. However, there ARE some other benefits to the Sapphire Reserve, such as the annual travel credit, lounge access, and TSA PreCheck/Global Entry reimbursements. So lets talk about the changes.
- 10x on dining purchases through the Chase Ultimate Rewards portal when you order takeout, make a prepaid restaurant reservations or join virtual cooking events
- 10x Ultimate Reward points on hotel and rental cars reserved throug the Chase Travel Portal
- 5x Ultimate Reward points on airfare booked through the Chase Travel Portal
- Chase Sapphire LoungeSM by The Club- New Airport Lounge access coming soon
Earn 60,000 Ultimate Rewards Points after you spend $4,000 on purchases in the first 3 months from account opening.
- $300 Travel Credit
- Priority Pass Airport Lounge Access
- $100 application fee credit for Global Entry/TSA Pre Check
- 3x points on travel & dining after earning $300 in travel credits; 1x everything else
- 10x UR points on hotel and rental cars booked through the Chase Travel Portal
- 5x on airfare booked through the Chase Travel Portal
If you are new here, we highly recommend starting with the Chase Sapphire Preferred card for the elevated bonus of 100,000 Ultimate Rewards Points. You can always upgrade to the Reserve after a year if you want some of the other benefits. This card is seriously our favorite travel card that we’ve both held over the last 4-5 years. You do not want to miss out. If you are still contemplating, check out the Preferred vs Reserve overview here!
I’d love to hear down in the comments below or over in our 6,000+ Member Basic Travel Facebook Group!
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