Get a $750 Welcome Deposit for eligible new customers who open an 
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- Chase Sapphire Preferred® Bonus
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The Chase Sapphire Preferred® card is probably one of the most popular credit cards with a bonus today. Currently, you can earn 50,000 bonus points that are worth $625 toward travel when you redeem through the Chase Ultimate Rewards® program, which is one of the best credit card rewards programs. This is the best card bonus value for a card with an annual fee below $100 (*the $95 annual fee is waived the 1st year).
The ongoing rewards are also great, at 2 points per dollar spent on Travel and Dining. Like other great travel cards, there’s no foreign transaction fee.
Also, keep in mind Chase also offers bonuses for their Checking and Savings accounts as well.
We’ll review the Chase Sapphire Preferred® card bonus below.
How The 50K Bonus Points Are Worth $625
You’ll earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. If you think you’ll have any difficulty meeting that spending requirement, we go over some options further down below.
You’ll have several options for redeeming your bonus points, including cash back, gift cards, or to book travel through the Ultimate Rewards program. Redeeming with cash back or gift cards will only yield a value of 1%, or $500 for the 50K points. When you book travel (airfare, hotels, car rentals, cruises) through the Ultimate Rewards program, you’ll get 25% more value resulting in $625 worth of travel with your bonus points.
The bonus offer is one of the best, but this card won’t be a good fit if you don’t spend much on Travel and Dining, where you’ll earn 2 points per dollar. Purchases outside of these categories will only earn 1 point per $1.
The Dining category includes fine dining, as well as casual spots. The Travel category includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis (Uber counts), limousines, ferries, toll bridges and highways, and parking lots and garages.
If you don’t spend much on Travel and Dining, a more flexible rewards card like the Barclaycard Arrival® Plus card may be a better option with its 2% earnings rate on all purchases.
One of the best ways to take advantage of the Chase Sapphire Preferred® card is to supplement it with the Chase Freedom card. Both cards earn Ultimate Rewards points, so you can pool them together. The Chase Freedom® card earns 5% cash back on categories that change each quarter. Earn 5% on those categories when appropriate, and use your Sapphire Preferred® card on all other purchases. The 25% more value on travel through the Ultimate Rewards program is only a benefit of the Sapphire Preferred® card, so having both is a great pairing.
Finally, one of the biggest benefits for travelers with this card is the option to transfer your points over to partner airline and hotel loyalty programs at a 1:1 rate. It’s a great way to get that airline ticket or hotel night if you’re falling a bit short on those miles/points.
| Airline & Hotel 1:1 Points Transfer Partners | |||
| Aer Lingus AerClub | British Airways Executive Club | Flying Blue AIR FRANCE KLM | Iberia Plus |
| Korean Air SKYPASS | Singapore Airlines KrisFlyer | Southwest Airlines Rapid Rewards® | United MileagePlus® |
| Virgin Atlantic Flying Club | IHG® Rewards Club | Marriott Rewards® | The Ritz-Carlton Rewards® |
| World of Hyatt® | |||
Earning The 50,000 Bonus Points
If you need some ideas on top of your everyday spending to meet the $4,000 on purchases in the first 3 months requirement, use our Card Bonus Spending Requirement guide. Here are some options included in the guide:
- Purchase Gift Cards that you know you’ll end up using. Grocery store and Restaurant gift cards are popular choices. See some of the best gift card ideas here. American Express and Visa Gift Cards offer more flexibility but will incur purchase fees, and possibly shipping fees when purchased online. Check this page for updated fee-waiver promo codes from Amex. *Tip: call in to have your Cash Advance limit set to $0 before purchasing gift cards as sometimes issuers will code them as Cash Advances and you’ll incur the fees. Citi has been known to do this.
- Fund new Checking/Savings accounts with your credit card and earn bonuses too. Many top banks like Chase and TD Bank have sign-up bonuses and can be funded with a credit card towards the opening deposit. See current bank offers here and banks that can be funded with a credit card here.
Many other options include paying your property taxes, your rent, or your mortgage but see the guide for all the details.
What’s The Competition?
Below are some credit cards with sign-up bonuses that you’ll want to compare with the Chase Sapphire Preferred® card before applying.
Barclays Arrival® Premier World Elite Mastercard® / Barclaycard Arrival® Plus World Elite Mastercard®
 The Barclays Arrival® Premier World Elite Mastercard® doesn't have an initial sign-up bonus offer. This card is targeted to high spenders that plan on carrying a good travel card for the long term. Instead of a bonus available upon account opening, cardholders are able to earn 25,000 loyalty bonus miles each and every year that they spend at least $25,000 in purchases. These 25,000 bonus miles are worth $250 in travel credits.The card also earns unlimited miles at the rate of 2 miles per $1 spent on all purchases regardless of category. With the miles earning rate taken into account, spending $25,000 a year will net you 75,000 miles worth $750 in travel credits, and you'll be able to earn that amount yearly.As expected with any good travel card, there are no foreign transaction fees to be concerned with and you'll get the higher worldwide acceptance of a Mastercard, which is nearly equivalent to that of Visa and much better than Discover or American Express. If you're not a high spender who travels often, this likely will not be a suitable card option for your needs. Full Review The previously discontinued Barclaycard Arrival® Plus World Elite Mastercard® is now available again, and with a 60,000 bonus miles offer. If you're not a high spender or if you'd prefer a big initial sign-up bonus, this is a great alternative to the Barclays Arrival® Premier World Elite Mastercard® above. The 60k bonus miles will be worth $600 when you redeem towards travel. If you take into account the 5% miles back every time you redeem perk, the 60k miles would then have a $630 value.This card also earns unlimited miles at the rate of 2 miles per $1 spent on all purchases regardless of category, and doesn't have foreign transaction fees on international purchases either. Full Review |
Capital One® Venture® Rewards Credit Card
| The Capital One Venture card currently earns a 50,000 miles bonus when you spend $3,000 on purchases within the first 3 months. These bonus miles are equal to $500 in travel and are easy to redeem as a statement credit towards the cost of your travel purchases. This card will earn an ongoing 2 miles for every dollar you spend on all purchases. 100 miles is equal to $1 in travel rewards. If you don't redeem towards travel purchases, your miles will have less value. The annual fee is $95, which is waived for the first year. Full Review |
Citi® Double Cash
| The Citi Double Cash Card now has a $100 sign-up bonus offer and also earns up to 2% cash back on all purchases. You'll earn 1% cash back for all purchases charged to the card. You'll then earn an additional 1% cash back when you pay off those purchases, as long as you pay at least the minimum due. There are no spending categories to keep up with. There is no longer a 0% introductory APR on Balance Transfers offer for this card, but the sign-up bonus is a great substitute. There's no annual fee with this card. Full Review |
Plan To Supplement With The Chase Freedom® Card?
| The Chase Freedom® credit card is going to earn you a $150 bonus after you spend $500 on purchases in the first 3 months from account opening. You can also earn another $25 bonus when you add your first authorized user and make your first purchase within this same 3 month period. People like this card because it earns 5% cash back on up to $1,500 in combined purchases in bonus categories that change every quarter. The downside is you have to keep up with the quarterly categories, and activate the category each quarter before you can earn the 5%. You'll earn 1% cash back on all other purchases.There's also a 0% intro APR for 15 months from account opening on both Purchases and Balance Transfers. After the intro period, a variable APR will take over. The Balance transfer fee is 5% of the amount transferred with a minimum of $5. Many people have this as a supplemental card to use specifically on the 5% category spending, and use other other cards when it's more beneficial. The categories change each quarter, but historically they have included things like gas stations, grocery stores, and holiday shopping. There's no annual fee to be concerned with, so it fits well with such a strategy. Full Review |
MoneysMyLife Top Offer Picks  With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review.
 Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Member FDIC. Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review  Barclays has two great card offers that should interest many who are looking for a solid travel rewards credit card.The Barclaycard Arrival® Plus World Elite Mastercard® has a 60,000 miles sign-up bonus worth $630 in travel. You'll be able to earn unlimited 2X miles on every purchase and there are no foreign transaction fees to worry about. See Terms. Full ReviewThe Barclays Arrival® Premier World Elite Mastercard® will earn you 75,000 miles each year (worth $750) if you spend $25,000 on purchases during the year. This credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review |
CIT Bank is offering a 1.85% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. 
Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. 
Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. - Best Bank Account Promotions And Bonuses August 2018
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*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.