$1,000 Memorial Day Deal with Chase Sapphire Preferred

The Chase Sapphire Preferred is our best credit card for travel.

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We think the Chase Sapphire Preferred is the best travel credit card you can get today. And today might be a great day to get it, because time is running out on an excellent deal. Right now, new cardholders can receive a sign-up bonus worth up to $1,000, as long as you sign up before 6 p.m. EST on June 1, 2022.

►Want this deal before it expires?Learn more about the Chase Sapphire Preferred

If you’re planning to embark on some epic travels or staycation adventures this summer, you’ll be happy with this card in your wallet—we ranked it #1 of all the travel credit cards we tested due to its killer perks and travel rewards combined with a lower annual fee compared to much of the competition. 

The Sapphire Preferred is our best travel credit card for ongoing benefits, including two points per dollar spent on travel as well as one-to-one transfers to JetBlue, Southwest, United and other airline loyalty programs. But, the rewards work for those of us who aren’t straying too far from home, too. Dining racks up three points at restaurants, on takeout and for eligible delivery services.

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There’s even a boost to the usual two points per dollar spent on airfare, hotels, car rentals and other vacation expenses. Sapphire Preferred cardholders get a whopping five points on travel booked through Ultimate Rewards, which any Chase member will want to familiarize themselves with. Points redeemed through the portal earn an additional 25%. For instance, 50,000 points is equivalent to a $500 statement credit—or $625 when booking a trip with the issuer.

Now for the welcome offer: New cardholders who spend $4,000 within the first three months can receive 80,000 bonus points. In the Ultimate Rewards portal, that’s $1,000 to spend on your next getaway. And even though this deal will expire on June 1, rewards don’t expire for the life of your account. 

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These impressive benefits come with a $95 annual fee, though the cost is offset by perks such as a yearly $50 hotel credit. You can knock down the remainder further with an anniversary bonus. Every year, cardholders will earn 10% of the amount they’ve spent on the credit card. 

Of course, cardholders must pay their bills on time, a vital practice to maintain healthy credit. We also recommend paying in full when possible. Otherwise, charges are subject to a variable APR (16.24% to 23.24%) and other penalties, like a late payment fee of $40. Before signing on the dotted line, we suggest reading the fine print for yourself.

Please note: The offers mentioned above are subject to change at any time and some may no longer be available.

Reviewed has partnered with CardRatings for our coverage of credit card products. Reviewed and CardRatings may receive a commission from card issuers.

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Prices were accurate at the time this article was published but may change over time.

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