$50 travel credit for recent (pre-6/23) Chase Sapphire Preferred cardholders

While most of the credit card world has been focused today on the Chase Sapphire Reserve cards, many recent Sapphire Preferred applicants received an email today indicating that they will receive an extra $50 travel credit this year. 

As you can see above, this one-time $50  credit is good toward any Chase Travel℠ booking. The email is going out today those who have opened the Chase Sapphire preferred card within the past year.

The subject line of the email was “Introducing Points Boost on Chase Travel”. That email explained the new change to the value of points redeemed through Chase Travel and the timeline for the changes. You can read more about Points Boost and the timeline for existing cardholders in this post.

To redeem this travel credit, eligible cardholders just need to book their itinerary through Chase Travel by June 23, 2026. To be clear, this is in addition to the Chase Sapphire Preferred card’s annual $50 hotel booking credit and this extra $50 credit only applies to those who have opened their Sapphire Preferred card within the last year (presumably between June 23, 2024 and June 22, 2025).

While this won’t be a huge consolation to those who were counting on the card’s previous structure for redeeming against paid travel, but at the same time, this credit and the annual hotel booking credit combine to mitigate most of the first-year fee, which represents a decent gesture for those who might feel disappointed about the changes.

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