This 75,000-Point Welcome Bonus Caught My Eye. But Is It Worth It?

I've never had the Chase Sapphire Preferred® Card (see rates and fees) in my wallet -- but with the current welcome offer, I'm seriously considering it.

Right now, you can earn 75,000 bonus points after spending $5,000 in the first 3 months. That's one of the most generous bonuses you'll find on a travel card with just a $95 annual fee.

Here's why this offer stands out -- and why it might be the right time to apply.

How much are 75,000 bonus points worth?

Let's start with the basics: When you book through Chase Travel, each Chase point is worth at least $0.01, so 75,000 bonus points are worth at least $750 in Chase Travel℠ value. Not too shabby at all.

But here's where it gets better: Chase recently rolled out Points Boost, a new feature that increases the value of points by:

• 1.5x on select flights and hotels
• 1.75x on some premium cabin bookings

So those 75,000 bonus points could turn into much more than $750 if you're willing to shop around. Just note that not every booking qualifies and Points Boost isn't available for all trips.

Even at the base value of at least $750 in Chase Travel℠ value though, this is a super strong welcome offer for such an inexpensive travel card.

Travel benefits that actually come in handy

Some travel credit cards load up on credits you'll never use. The Chase Sapphire Preferred® Card keeps it simple with a few perks that are actually valuable, like:

• A $50 annual hotel credit for bookings made through Chase Travel
• Trip cancellation/interruption coverage: Up to $10,000 per person for prepaid travel
• Trip delay reimbursement: Up to $500 per person for meals and lodging
• Baggage delay insurance: $100 per day (up to 5 days)
• Primary auto rental coverage: In the U.S. and abroad
• No foreign transaction fees

These benefits add real value if you travel even once or twice a year. The $50 hotel credit effectively lowers the card's $95 annual fee to $45, and a single trip delay could more than cover the cost of the card.

Everyday rewards you'll actually use

The Chase Sapphire Preferred® Card earns points on more than just travel. Here's how it breaks down:

• 5X points on travel purchased through Chase Travel℠
• 3X points on dining, select streaming services, and online groceries
• 2X points on all other travel purchases
• 1X points on all other purchases

This makes it easy to rack up rewards without changing how you spend. If you already use a card for dining or travel, the Chase Sapphire Preferred® Card is likely a solid upgrade.

Final verdict: Is it worth it?

Absolutely -- the Chase Sapphire Preferred® Card comes with one of the best welcome bonuses available on a card with such a low annual fee.

Even if you only redeem the points at the base rate of $0.01 each, you're getting at least $750 in Chase Travel℠ value. Add in useful travel protections, solid earning categories, and a simple $50 hotel credit, and this card easily justifies a spot in most wallets.