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Chase recently launched an increased welcome offer on the Sapphire Preferred card. You can currently earn 80,000 points after spending $4,000 in the first three months of having the card.
Before this change, the sign-up bonus on the Chase Sapphire Preferred was 60,000 Ultimate Rewards points, with the same minimum spending requirement. The annual fee of $95 is not waived on this offer, as it has been on some previous Sapphire Preferred offers, but increasing the welcome offer by a full 20,000 points is a significant jump, and worth considering.