After Chase refreshed the Chase Sapphire Preferred card, one of the new benefits that they added was the $50 Chase hotel credit. As someone who has carried the Chase Sapphire Preferred card in his wallet for many years, this has been a great new additional benefit to the card. Moreover, Chase has kept the annual fee at $95 in spite of adding new benefits.
Chase Hotel Credit Guide
In addition to the $50 credit, the Chase Sapphire Preferred card also offers amazing return on day to day spend in select categories.
- 5x points on travel booked via Chase Ultimate Rewards travel website
- 3x points on streaming services, select online grocery purchases and on dining/takeout/food delivery services
- 2x points on all other travel purchases
- 1x point on all other purchases
As of now, the Chase Sapphire Preferred card is offering a welcome bonus of 60,000 Ultimate Rewards points after you spend $4,000 in the first 3 months of card membership. If you simply redeem the points via Chase’s portal, you’ll get a minimum value of $750.
Last week, I renewed my Chase Sapphire Preferred card for another year after paying the annual fee. Right away, I decide to use the $50 Chase hotel credit benefit. Right after the credit posted, I thought it would be timely and prudent to publish a guide for readers about how this benefit works.
How to activate this benefit?
The benefit is automatic, you don’t need to activate. The benefit gets activated as soon as your new membership year starts.
Does this work with any hotel booking?
No. The booking needs to be made with Chase travel only. You will need to head to the Chase Ultimate Rewards portal to make the hotel booking.
Does this work with a points and cash booking?
Yes, you will still get the credit for making a cash + points booking. For example, my most recent booking was for 20,000 points and $56, for which I received a $50 credit.
How long does it take for the credit to post?
In my experience, I’ve seen the credit post the next business day, but it may take up to 2-3 days at most.
Is this benefit available every calendar year?
Yes, you will get the benefit each anniversary year after you renew the card and pay the annual fee.
The Pundit’s Mantra
Overall, I think that this is a fantastic additional benefit with the Chase Sapphire card. Moreover, you can also earn Chase Ultimate Rewards points on daily purchases. I use my Chase Sapphire Preferred card as the go to card for dining out and travel.
How do you utilize the $50 Chase hotel credit with the Sapphire Preferred credit card? Tell us in the comments section.