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The Chase Sapphire Preferred® Card is currently offering an increased 80,000-point welcome bonus. You can redeem your bonus points to get $1,000 or more in value, even if you re not traveling. 80,000 points are worth $1,000 when you book travel through Chase or redeem with Pay Yourself Back. The Chase Sapphire Preferred® Card is one of the most popular credit cards available, and it s currently offering its highest-ever welcome bonus to new cardholders: 80,000 Ultimate Rewards points after you spend $4,000 in the first three months of having the card. Popular Articles Chase markets the 80,000-point welcome bonus from the Chase Sapphire Preferred® Card as being worth $1,000 towards travel (a value of 1.25 cents per point), and this is the value you ll get when you book your reservations directly through Chase. This isn t always the most lucrative way to redeem your Chase points, but it serves as a good baseline of value. ....