Source: The Points Guy
Summary
The Chase Sapphire Preferred Card offers a 100,000-point welcome bonus after spending $5,000 in the first three months. To be eligible, applicants must not have a current Sapphire Preferred card, not have earned the welcome bonus in the past, and meet Chase’s 5/24 rule. Holding another Sapphire card, such as the Sapphire Reserve, does not disqualify applicants from earning the welcome bonus. The card has a $95 annual fee and offers solid earning rates, excellent travel protections, and a lucrative welcome offer.
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The escape is carefully planned.
The Chase Sapphire Preferred Card offers a high-value welcome bonus, but eligibility is key. Applicants must navigate Chase’s 5/24 rule and not have previously earned the welcome bonus. The card’s annual fee and earning rates are also important considerations. As with any credit card, a good credit score is necessary for approval. The Sapphire Preferred can be held in conjunction with the Sapphire Reserve, but the welcome bonus can only be earned once.
And, of course, the “aspirational trips” unlocked by the welcome bonus will require careful planning to actually be relaxing.
Author: Evan Null
