Chase Sapphire $500 – $625 Sign Up Bonus

Posted by Madison on January 8, 2016

It’s time to start earning bonus money this year! First up is the Chase Sapphire Preferred card. Chase is giving out 50,000 bonus points that you can redeem for cash, gift cards or travel.

The points are worth $625 in travel or $500 cash back.

We’re planning a ski trip for next year with another family, so this is the card we want to use to make it happen! If you are planning on vacationing this year, the $625 in airfare and hotel will come in handy! If not, a $500 cash sign up bonus is a great way to start the new year!

It’s our Free Money offer this week.

How to Get Your $500 – $625 Sign Up Bonus

  1. Sign up for the Chase Sapphire Preferred card*.
  2. Spend $4,000 in the first 3 months.
  3. Receive 50,000 bonus points.
  4. Redeem for:
    • Travel rewards: Redeem 50,000 points worth $625 towards travel booked through Ultimate Rewards including airfare, hotel stays, car rentals and cruises.
    • Cash: Redeem 50,000 points for gift cards or a statement credit of $500.

*The Chase Sapphire Preferred card is currently listed under the Rewards category in our credit card directory.

How to Get 5,000 More Points

  1. Add an authorized user and make a purchase in the first 3 months.
  2. Receive 5,000 more bonus points.

Chase Terms and Conditions

  • No annual fee for your first year; $95/year thereafter.
  • $0 foreign transaction fees.
  • This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.

More on Chase Sapphire

Earning Cash Back. The Chase Sapphire Preferred card earns 2X points on travel and dining. You earn 1 point per dollar spent on all other purchases.

20% Off Travel Redemptions. Points redeemed for travel are worth $.0125. There are no travel restrictions or blackout dates when you book airfare or hotel accommodations through Ultimate Rewards. We just booked some airline tickets for spring break using 10,000 points for $125 tickets.

Transfer Partners. In addition to booking travel with Chase, you can transfer your points to other hotel and airlines partners at a 1:1 ratio. We’re planning to transfer our points to Hyatt for our upcoming trip.

Ultimate Rewards. For more on Chase Ultimate Rewards, see the Best Way to Maximize Chase Ultimate Rewards Points.

Chase Applications. Don’t forget about the tighter Chase 5/24 rule. Chase is limiting approvals to those who have opened less than 5 new credit card accounts in the last 24 months. This rule only applies to personal Chase cards, not business cards.

If you're looking for a new credit card, be sure to check out our credit card directory!

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Comments to Chase Sapphire $500 – $625 Sign Up Bonus

  1. I would so love to do this but applied for the Chase Freedom card recently and was denied because I have too many accounts with them. Apparently 3 (Amazon, Southwest, and one that was sold by WAMU) is too many! Bummer…


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