Travelers and rewards collectors, rejoice: Chase launched one of the most valuable offers to date, touting an elevated offer on the Chase Sapphire Preferred® Card and a boosted bonus on the Chase Sapphire Reserve®. In other words, whether you are booking future adventures or just looking for a way to make your dollars stretch, this limited-time offer delivers one of the richest opportunities we've seen from Chase in years.

Below, you'll find everything you need to know, from eligibility criteria and redemption options to why these cards remain some of the best options for U.S. travelers.

A New High: 80,000-Point Bonus on the Chase Sapphire Preferred Card

The Chase Sapphire Preferred® Card is often touted as the perfect entry-level travel rewards card, and for a limited time, it's offering one of the biggest welcome bonuses we've ever seen: 80,000 Chase Ultimate Rewards® points after $4,000 spent in the first three months of account opening. Additionally, cardholders will also get up to $50 in statement credits toward grocery store purchases during the first year.

That's a great value for a card with only a modest $95 annual fee and especially when compared with similar cards on the market.

How Valuable Are 80,000 Chase Points?

Among credit card rewards programs, Chase Ultimate Rewards® is generally considered one of the most flexible and lucrative. The current bonus can easily equate to $1,300–$1,400 or more in travel value, based on common valuations, depending on how strategically you redeem your points.

Here is the list of the most popular ways to use the bonus:

1. Redeem Through the Chase Travel Portal

With Chase Sapphire Preferred®, every point redeemed for travel through Chase's online portal is worth 1.25 cents each, which means:

80,000 points = $1,000 in travel bookings

You can redeem this value for flights, hotels, rental cars, and even cruises. It's simple, straightforward, and ideal for travelers who prefer flexibility without having to worry about airline award charts or blackout dates.

2. Maximize Value With Chase Transfer Partners

The card really shines, however, when transferring points to Chase's roster of airline and hotel partners, such as:

• United Airlines
• Iberia
• Air France/KLM
• Southwest Airlines
• Hyatt hotels
• Marriott
• Singapore Airlines

Many of the best deals come via transfers to World of Hyatt, which can often provide outsized value.

For example:

• Three nights at the luxurious Andaz Costa Rica Resort at Peninsula Papagayo can be booked for 80,000 Hyatt points-a stay that typically costs well over $2,000.
• That's roughly 2.5 cents per point, significantly above the typical value of Chase points.

Or, if you're looking to book a premium flight, look to redeem 60,000 transferred points for a one-way United Polaris® business class flight to Europe, a seat that regularly retails for well over $2,400. This redemption provides an excellent 4 cents per point.

You'd still have 20,000 points remaining after booking the flight-enough for a night or two at a mid-range hotel.

3. Cash Back and Pay Yourself Back

If you're not traveling yet, Chase gives practical alternatives:

• Cashback: 80,000 points = $800 straight to your pocket.
• Pay Yourself Back: Redeem points at 1.25 cents each toward categories such as grocery stores, dining, or home improvement purchases.

This means that the bonus could cover:

• groceries to the value of a thousand dollars,
• restaurant take-out,
• or house improvements.

At a time when travel has been limited, the Pay Yourself Back feature has been a favorite for travelers.

$50 Grocery Credit: Simple, Automatic, and Useful

Chase also offers an easily usable $50 grocery store credit. There's nothing to activate-just use the card at any eligible grocery store within the first 12 months, and the credit applies automatically.

This makes the Chase Sapphire Preferred® even more compelling for everyday spending-especially for families or anyone just looking for a simpler way to offset part of the annual fee.

Chase Sapphire Reserve®: Another Strong Incentive for Premium Travelers

While the Chase Sapphire Preferred® offers the largest bonus, the more premium Chase Sapphire Reserve® is offering an improved offer of 60,000 points after spending $4,000 within the first three months.

While that's smaller than the Preferred's, it's worth noting that higher bonuses on the Reserve are few and far between. In fact, since its legendary 100,000-point debut offer, the Reserve has seldom seen an increase at all.

Why Some Travelers Prefer the Chase Sapphire Reserve®

The card carries a steep $550 annual fee, but it comes with a long list of premium travel benefits:

• $300 annual travel credit automatically applied to travel purchases
• 50% more value when points are redeemed for travel through the Chase Travel Portal
• Priority Pass™ airport lounge access
• Lyft Pink membership
• $60 in DoorDash credits per year
• Complimentary DashPass membership
• Strong travel insurance protections
• 3x points on travel and dining, plus 10x points on Lyft rides

For frequent travelers and those who enjoy perks like lounge access, the Reserve can be considerably more valuable than its lower-fee counterpart.

Tip: How to Be Eligible if You Already Have a Sapphire Card

Yes, you can downgrade an existing Sapphire card to a Chase Freedom Flex® or Chase Freedom Unlimited® if you have a Sapphire card and haven't earned a Sapphire bonus in the last 48 months.

You can, after the downgrade - while you're under 5/24 - reapply for the Chase Sapphire Preferred® to earn the new bonus. Later, you can combine points from your Freedom card back into your Sapphire account for better redemption value.

Why this bonus matters more than ever

Travel is once again on the rise, and flexible points are in demand. Chase Ultimate Rewards® continued to lead the rewards landscape for several reasons:

• They're easy to get.
• They provide excellent redemption flexibility.
• Their airline and hotel transfer partners open the door to premium travel without the premium prices.

The all-time-high bonus, rich redemption options, and low annual fee offered make the Chase Sapphire Preferred® a particularly great option for first-year cardholders and seasoned travelers alike.

Conclusion:

A Rare Opportunity for Big Rewards Right now, the Chase Sapphire Preferred® Card has one of the best welcome offers available: 80,000 points plus a $50 grocery credit. That's enough for: $1,000 in travel through the Chase portal transferred to transfer partners, up to a value of $2,000. Or a huge pile of flexible rewards to use however you'd like.

If you're eligible according to Chase's rules and are looking for a card that can deliver serious value from day one, this offer belongs at the top of your list. Another option, if premium travel perks and higher earning rates are important to you, is the Chase Sapphire Reserve®.

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