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Chase announced on Thursday that its popular travel rewards card, the Chase Sapphire Preferred, is getting a bigger welcome bonus. New cardholders can earn an astonishing 80,000 points after spending $ 4,000 within the first 3 months of a limited time account opening.

The Chase Sapphire Preferred is already a lucrative card for the average traveler. The new offer makes it more attractive to consumers who want to add tickets to their wallets. 80,000 points equal $1,000 and can be redeemed for travel through Chase Ultimate Rewards or for cardholders using Pay Yourself Back.

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While the rewards are impressive, the card really shines in its redemption options. When cardholders redeem travel rewards through Chase Ultimate Rewards, they will earn 25% more points. Points are usually worth 1 cent. So if you use them to fund your travel with Chase Ultimate Rewards, they’re worth 1.25 cents each.

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Additionally, the Chase Sapphire Preferred offers 1:1 transfers with Chase’s travel partners. This means that every Chase partner’s point is worth at least 1 cent. However, consumers can often find better value by using point transfers. If cardholders have the right transfer offers, they can find value of 1.5 cents or more per point.

Here are some of Chase’s travel partners:

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  • JetBlue Airways
  • United Airlines
  • Southwest Airlines
  • British Airways
  • InterContinental Hotels Group
  • Marriott Bonvoy
  • World of Hyatt

The card also comes with a solid set of travel protections that can save you money if your trip is cancelled or your luggage is delayed. Cardholders can get Trip Cancellation/Interruption Insurance, Baggage Delay Insurance, Trip Delay Reimbursement, Rental Car Insurance and more.

If you’ve been looking for a rewarding and flexible card with a great welcome bonus, now is the time to apply for the Chase Sapphire Preferred. The welcome offer is only available for a limited time. So if you’re planning to travel, it’s easier to get new bonus offers when you buy air tickets and hotel reservations with the Sapphire Preferred.

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Jake Smith

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Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.