How is my Chase Sapphire Preferred® changing?

As part of a major overhaul of Chase’s Sapphire lineup, Chase is rolling out multiple changes to the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card cards. While the Chase Sapphire Reserve is undergoing major changes that we dive into in another article, the Sapphire Preferred will also be undergoing changes, but they’re much less significant than what the Sapphire Reserve is going through.

New Introductory Offer

For new consumer applications beginning June 22, 2025, new Chase Sapphire Preferred cardholders can earn 75,000 bonus points after spending $5,000 on purchases within the first three months from account opening.

While it may seem that 75,000 points is an excellent increase in value, Chase is also getting rid of the 25% bonus value that Sapphire Preferred points are worth when redeeming the points for travel through Chase Travel℠.

Prior to June 22, 2025, those 75,000 points would be worth $937.50 via Chase Travel℠. However, Chase is replacing the 25% guaranteed bonus value with a program called Chase Points Boost. There is no longer a guaranteed value for your points, and it could very well be that you can’t find any way to redeem your points at a value of 1.25x or more.

Introducing: Points Boost

What is Points Boost exactly? Points Boost is essentially a dynamic redemption system that Chase is implementing to replace the static bonus value for point redemptions done through Chase Travel.

For the Chase Sapphire Preferred, points are worth up to 1.5x when redeemed on certain hotels and select flights, and up to 1.75x on redemptions for premium cabin flight tickets on select airlines.

However, these rates aren’t guaranteed, and there is a lot of uncertainty surrounding this new redemption system. You can no longer guarantee a value for your points besides the standard 1 cent per point redemption ratio:

• Prior to June 22, 2025: 75,000 points would be worth $937.50 via Chase Travel℠
• Starting June 22, 2025: 75,000 points could be worth up to $1,312.50 via Chase Travel℠ but could also be worth just $750.00 (assuming 1 cent per point)

If you want to learn more about the Points Boost program, we dive into a deeper analysis and reflection of the program in another article.

What’s Staying the Same

Most of the Sapphire Preferred’s features and benefits are staying the same through the revamp. There isn’t an increased annual fee (as far as we know), you still receive an annual $50 hotel credit for hotel purchases made using Chase Travel, the point-earning structure is remaining the same, etc.

The Sapphire Preferred isn’t changing drastically unlike the Sapphire Reserve, which means that most people’s opinions on the card won’t be affected. As a matter of fact, many people are downgrading from the Reserve to the Preferred because of the Reserve’s major overhaul.

Final Remarks

The Chase Sapphire Preferred® is seeing changes—but unlike its premium sibling, the Sapphire Reserve®, these changes are relatively modest. While the new 75,000-point introductory offer may look attractive, the removal of the 25% travel redemption boost introduces more uncertainty than before. Chase’s new Points Boost system holds potential, but until more cardholders see consistent redemption rates above 1.25x, the system is a risky play.

That said, the Sapphire Preferred still retains many of the benefits that made it a strong mid-tier travel card to begin with, including the $50 annual hotel credit and solid earning structure. For most users, these updates may not be dealbreakers, but it’s worth keeping an eye on how Points Boost performs in practice. If you’re looking for simplicity and consistent value, these changes are something to carefully consider before applying or keeping the card long-term.