I’ve written in the past about the Chase Sapphire Preferred card. At the time, they were offering a 25k point signup bonus that could be redeemed for $250 cash or $312.50 in travel rewards. Well, now they’ve sweetened the pot.
As of right now, if you apply for this card (and are approved) you’ll be eligible to earn 40k bonus points, redeemable for a whopping $500 in travel rewards when redeemed through Ultimate Rewards. To get the bonus, you’ll need to spend $3, 000 in the first three months, from account opening, using this card.
Note that this card has a $95 annual fee, but there is an introductory annual fee of $0 the first year, then $95. Going forward, you’re earn two points per dollar spent on travel and dining at restaurants and one point per dollar on all other purchases.