Last chance: How far over $1,000 toward travel can take you with Chase Sapphire Preferred

Now is your last chance to get over $1,000 toward future travel with a new Chase Sapphire Preferred® Card.

Until Nov. 14, 2024. you can get up to $1,050 in value for Chase Travel℠ spending when you open a new Chase Sapphire Preferred:

• Earn 60,000 bonus points after spending $4,000 within the first three months of account opening

• Get up to $300 in statement credits for Chase Travel purchases within the first year

If you’re considering a new travel card ahead of the holidays — or preparing for a big vacation in 2025 — this limited-time bonus can play a huge role in getting you there. Before it goes away, we’ll dive into a few examples of travel you can get using the Chase Sapphire Preferred bonus.

Note: While you only have until Nov. 14. 2024 to open a new card eligible for the bonus, you’ll still have the full three months from account opening to earn it (and your first full year to get the additional $300 in statement credits).

Read our full Chase Sapphire Preferred Card review

When you redeem Chase Sapphire Preferred points through Chase Travel, you’ll get a 25% boost in value. Instead of the typical 1 cent per point, your points are worth 1.25 cents each. The 60,000 bonus points you’ll get with the current welcome bonus, then, are worth $750 when you use them to book travel through Chase Travel.

But that’s just the start of your savings.

Combine that with the $4,000 you’ll need to spend to earn the bonus. Even if you spend only in non-bonus categories, you’ll accumulate 4,000 more Chase points on top of your bonus — worth $50 when you redeem through Chase Travel.

Using this example, you’d earn $800 toward travel within the period it takes to earn your welcome bonus. Then, you’ll also have up to $300 in statement credits available to use over your first year.

What does that actually mean when it’s time to book with Chase Travel, though?

Read more: Limited-time Chase Sapphire Preferred welcome offer

To give you an idea of what your Chase Sapphire Preferred bonus offer is worth, here are a few examples available through Chase Travel (as of publishing):

Let’s start with the upcoming holiday season. Say you haven’t yet booked a flight to visit family, but you want to fly from the Los Angeles area to Baltimore, MD between Dec. 23 and Dec. 28.

One of the lowest-cost options still available through Chase Travel is this Southwest Airlines itinerary (leaving from John Wayne Airport), which costs 36,477 points or $455.97.

It may be difficult to meet the required spending and earn your full 60,000 bonus points before you need to book for your holiday visit, but the Chase Sapphire Preferred’s flexible bonus can still help you with this trip. Maybe you haven’t earned the full bonus so you choose to pay in dollars. You’ll spend $455.97 but you’ll also earn the $300 statement credit that’s part of your welcome bonus — putting your effective total at $155.97.

Related: Traveling for the holidays? 5 reasons to open a new travel card now

Opening a new travel credit card now can also be a great way to save on next year’s travel. Maybe you and your partner are planning a bucket list trip from your home near Miami to Sydney, and want to go during April, or autumn in the southern hemisphere.

Here’s a look at round-trip flights for two passengers for the two weeks between April 12 and 27, 2025:

Perhaps you’ve spent enough to earn your bonus by the time you’re ready to book and have 65,000 points to exchange. That cuts your remaining total down to 167,688 points — around $2,096. Because you used the points you’ve accumulated so far, you pay the rest in cash — but you’ll also earn a $300 credit when you do so.

You could book both flights (two round-trip tickets) for 65,000 points and $1,796 (after earning the $300 statement credit).

Related: Why shoulder season should be your go-to for travel

If you’re looking for something a little more affordable, your Chase Sapphire Preferred bonus can help with that, too. Maybe you want to spend a long weekend in Lake Tahoe, CA at the beginning of next summer. There is a wide range of hotel prices for this destination, but for the weekend of May 23 – 26, 2025, the room below at The Coachman Hotel is around mid-range among what’s available:

In dollars, the cost of your trip is around $970 for three nights (not including the $100 in resort fees you’ll need to pay at check-in). But you can also cover that cost with around 78,000 points, which are equal to $975 toward travel through the Chase Travel portal. Along with the 60,000-point bonus, that’s another 18,000 points you’ll need.

You could also use your 60,000 points and then pay the additional cost of around $220. With that payment, you can use the other part of your card’s welcome bonus (the $300 statement credit toward first-year travel through Chase Travel). That credit will cover your cost on this purchase and leave you another $80 to redeem on a future trip.

Related: How a travel credit card could help you save on your next summer vacation

The above examples are, of course, only a few ways you might use the Chase Sapphire Preferred’s limited-time welcome bonus to make the most of your upcoming travel plans. Depending on when you book, your itinerary, what type of travel you’re planning, and other details — you may be able to score enough value with the card’s bonus to cover a majority or even all of your next trip.

There are only a couple of days left to take advantage of the current offer worth up to $1,050 toward travel. If you’ve had your eye on the Chase Sapphire Preferred, take advantage now.

This article was edited by Rebecca McCracken

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