Chase Sapphire Preferred®
Chase determines account eligibility, approval, and bonus qualification. Terms may change. Verify the latest terms on the official website before applying.
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Verification ledgerOffer terms at a glanceDeposit, spending, fee, deadline, and eligibility details
We separate the headline from the conditions required to earn it.
- Product name
- Chase Sapphire Preferred®
- Financial institution
- Chase
- Offer type
- Credit card welcome bonus
- Current bonus
- 75,000 points
- Required deposit or spending
- Spend $5,000 on eligible purchases in the first three months from account opening.
- Direct deposit requirement
- Not applicable.
- Minimum balance
- Not applicable.
- Monthly or annual fee
- $95 annual fee
- How to waive the fee
- The official offer does not list a waiver for the annual fee.
- Eligible states / geographic restrictions
- U.S. consumer credit-card offer; availability and terms can vary by application channel and applicant location.
- Offer deadline
- The official page says the offer ends soon but does not publish a calendar deadline. Verify before applying.
- Estimated payout timing
- Allow 6–8 weeks after qualifying for the bonus to post, provided the account is open and not in default.
- Early closure considerations
- The account must be open and not in default at fulfillment. Review the cardmember agreement and rewards terms before closing or changing the account.
- Credit inquiry information
- Applying for a credit card generally authorizes a credit review. Chase determines the process and approval; review the application disclosures before submitting.
- Applicants who can meet the spending requirement through planned purchases without carrying avoidable interest.
- People who understand that point value varies by redemption method.
- People who would need to spend beyond their normal budget or carry a balance to reach the threshold.
- People who currently have this card or may be ineligible under Chase’s prior-card or prior-bonus rules.
What the headline leaves out
The offer is denominated in points, so its net value depends on how the points are redeemed and whether the $95 annual fee is worth paying for the card’s broader benefits. Carrying interest to reach the spending target can quickly erase value.
How this offer differs
This offer has a much larger spending requirement and an annual fee, unlike the current Freedom Unlimited offer. It may provide more upside for travelers, but the value is less straightforward than a fixed cash-back bonus.
- 01Approval and bonus eligibility are determined by Chase.
- 02The card is unavailable if you currently have this card open; a prior card or prior bonus may affect welcome-bonus availability.
- 03Chase may consider the number of cards opened and closed.
- 04Balance transfers, cash advances, cash-like transactions, person-to-person transfers, interest, unauthorized charges, and fees do not count as purchases.
- 05Offer availability and terms may vary by channel and change over time.
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Frequently asked questions
How much must I spend for the welcome offer?
The public offer requires $5,000 in eligible purchases during the first three months from account opening.
How much are 75,000 points worth?
There is no single universal value. Redemption values vary by option, so compare the value shown in Chase’s redemption flow before treating the points as a cash amount.
Does the annual fee count toward minimum spending?
No. Chase excludes fees, interest, balance transfers, cash advances, person-to-person transfers, and other cash-like transactions from qualifying purchases.