I’ve seen a number of blogs saying that the Sapphire Preferred was briefly offering a 50,000 bonus after $3,000 spend in 3 months, but it appears to be widely available now. Their new offer is:
– 50,000 Ultimate Rewards points after $3,000 spend in 3 months.
– 5,000 points for adding an authorized user.
– First year fee, but 2nd year is now $125, not $95, which makes me start to question whether I’ll keep the Sapphire Preferred next year.
You can add your spouse as an authorized user even if they have their own card, so each of you can get the 55k bonus.
The new offer is available here.
If you’re also starting to re-consider paying $125, here’s what I’m thinking about:
I’m going to keep the Chase Ink Bold (or Ink Plus). Yes, it’s $95/year, but I put my cellular, cable and Internet spend on it, which offers 5X points (at a minimum, that’s 5% cash back). That more than pays for the $95 annual fee. If you have one of those cards, you can earn Ultimate Rewards points if you get the regular (non-preferred) Chase Sapphire card, which has no annual fee. It’s like the Preferred in that it earns 2X points at restaurants (but it only earns 1X on travel).
Just a thought.
In any case, use the link above for up to 55k points with the Chase Sapphire Preferred.