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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The Chase Sapphire Reserve comes with 100,000 bonus Ultimate Rewards after spending $4,000 in the first three months that you can transfer to United miles, Singapore miles, Southwest points, British Airways miles, or use for 1.5 cents each toward any flight, hotel, or car rentals.
Plus the card offers $300 in credits toward any travel purchase each calendar year, which is $600 in your first 12 months of cardmembership, $100 toward Global Entry, and worldwide lounge access. Basically it's the best credit card ever, even with a $450 annual fee.