Update at 2:44 PM ET: The rumor was true. The minimum spending requirement has increased to $4k in 3 months on the Sapphire Preferred.

The Chase Sapphire Preferred is one of the best travel credit cards. I’ve convinced a lot of my friends and family to pick up the card for its:

  • massive 40,000 Ultimate Rewards bonus after spending $3,000 in the first three months
  • extra 5,000 Ultimate Rewards for adding an authorized user
  • 2x points on dining and travel
  • amazing transfer partners like United, British Airways, Southwest, Korean, Virgin Atlantic, Hyatt, and more

The rumor is that the spending requirement increases to $4,000 over three months starting Monday. If for some reason you haven’t gotten this card yet, get it now before the spending requirement increases.

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