Chase Sapphire is offering up to 50,000 bonus points to customers signing up for their new Preferred Card, translating into $500 after three months.
After signing up for the card, you will receive 50,000 points when you make purchases of $1,000/month for 3 months.
Points can be redeemed for hotel rooms or plane tickets, but they can also be redeemed for cash. At a rate of $20 for 2,000 points, that adds up to a mouth-watering $500.
Alternatively, you can redeem for a plane ticket worth up to $625.
You also receive an annual 7% point dividend. Get the new Chase Sapphire Preferred Card here.
There is a $95 annual fee. The card has a 15.24% APR for purchases.