You Can Save Over $900 on Travel Now With a New Chase Sapphire Preferred Card

The Chase Sapphire Preferred® Card is a popular rewards credit card, especially among frequent travelers. The welcome bonus recently increased for a limited time, and new cardholders meeting the minimum spending requirements can earn a big stack of extra Chase points. I'll explain how you can save over $900 on travel with a new Chase Sapphire Preferred® Card.

A new and improved welcome bonus is here

Chase recently upped the welcome bonus for the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®. If you've been considering applying for either of these cards, now could be an ideal time to do so because of the new and improved welcome bonus offers.

Previously, both cards had a welcome offer of 60,000 bonus points after spending at least $4,000 within 3 months of account opening. But now, eligible new cardholders can earn 75,000 bonus points if they meet those same minimum spending requirements.

If you apply for the Chase Sapphire Preferred® Card, are approved, and meet the welcome bonus conditions, you could earn 75,000 bonus points from the welcome offer. This could put you well on your way to a much more affordable vacation. Using credit card rewards to help cover the cost of travel is a great personal finance strategy.

How to turn your welcome bonus into over $900 off travel

The Chase Sapphire Preferred® Card provides flexible redemption options. You can redeem your rewards in several ways. Here are three popular redemption choices to consider:

• Redeem for a statement credit: You can redeem your rewards as a statement credit to your credit card account. When you do this, each point is worth $0.01. That means 75,000 bonus points would be worth $750 as a statement credit.
• Transfer your points to eligible travel partners: Another option is to transfer your points to any of Chase's many travel partners. You can then redeem your rewards for hotel booking or award flights through select airline and hotel rewards programs. The value of 75,000 bonus points varies depending on the program and booking made.
• Book travel reservations through the Chase Travel portal: Alternatively, you can redeem your rewards for travel bookings through the Chase Travel portal. When you do this, your points are worth $0.0125 apiece, so 75,000 bonus points are worth $937.50 in travel.

Only you can determine the best way to redeem your credit card rewards. It's always best to consider your goals before making a redemption.

But if you're planning an upcoming trip and want to keep more money in your checking account, redeeming your points to pay for travel could be a worthwhile move.

What is there to love about the Chase Sapphire Preferred® Card?

In addition to a generous welcome bonus, the Chase Sapphire Preferred® Card has other great features. You can earn rewards on travel, dining, online groceries, select streaming services, and other credit card purchases.

You can also earn a 10% points bonus at every card anniversary. The Chase Sapphire Preferred® Card also gives cardholders a $50 annual hotel credit, which can be earned as a statement credit after booking a hotel stay through the Chase Travel portal.

This travel credit card also includes practical travel protections like trip cancellation and trip interruption insurance, trip delay reimbursement, and baggage delay coverage. It's easy to see why so many travelers prefer to keep this card in their wallets. If you want to explore alternate travel cards, check out our list of the best credit cards.