There is currently an offer for 50,000 bonus Ultimate Rewards after spending $3k in three months on a new Chase Sapphire Preferred. Plus you can get 5k more points by adding an authorized user.
This is one of the absolute best personal card offers on the market, so I would recommend folks jump on this offer before it disappears, which may be very soon, if they’re in the market for a new rewards card.
Where can you apply? What else is different about the offer?
Other than the higher-than-usual bonus, the other thing that jumps out at me is that the annual fee of $125 per year is waived for the first year. The normal annual fee on the Sapphire Preferred is $95.
I would anticipate this offer disappearing soon, but if you can see the offer as 50,000 bonus points, you should receive the full bonus if you’re approved through the application and meet the minimum spending requirement.
Take a screen shot of the bonus as evidence, but in my experience, Chase is very generous and very fair if you send them a Secure Message on chase.com, so I doubt they’d make you produce your screen shot to collect the 50k bonus. (Note that this is speculation on my part. I am not affiliated with Chase or writing on its behalf. Your mileage may vary.)
If you apply for the Sapphire Preferred, I think it’s a great idea to add an authorized user to collect 5k more points. That authorized user’s spending can help you earn more Ultimate Rewards, and it doesn’t preclude the authorized user from later getting the Sapphire Preferred on his own and getting the full bonus in my experience.
Some folks are reporting that the landing page doesn’t lead them to a 50k offer, while some of us see it. Report your experience in the comments!