Credit Cards

Chase targets 5x spending bonus for many cobrand cards

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Doctor of Credit uncovered an amazing slew of targeted offers for Chase’s co-branded credit cards. There seems to be a few offers for those who are targeted that can earn them up to 5x on purchases. The most popular two: earn 5x on all purchases, up to $1500, and the other specifically targets 5x on up to $1500 worth of purchases on groceries and restaurants. All of them run from April 1st until the end of June. There is a catchall link you can use to see if your card is targeted which you can just run each of your cards through – personally I think this is easiest vs the Individual links I also Included down below. You can access that catchall link here.

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There are also specific links which you can access here.

Neither my IHG nor my Hyatt card was targeted – did you score anything?

Overall

I think this could be a great deal depending on which offer you got, and which cards you currently have. For instance…if you received 5x on dining and groceries on your IHG, but you also carry an Amex Gold…I wouldn’t pivot my spend. I’d rather earn 4x on Amex than 5x on IHG. Same goes if you’re working away on your 10x supermarkets for 6 months that you received with your Amex Platinum welcome offer.

With that said…I would have loved to have received a 5x on all purchases on my Hyatt card. I value those at 1.5 cents+ and have

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Affiliate LInk

Chase Sapphire Preferred® Card


4.8
4.8/5
The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex®  and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

7 Comments

  • RJ March 26, 2021

    Just a comment, the word “drops” is a bit confusing. I took the headline to mean that Chase had stopped offering 5x bonuses.

    • Miles March 26, 2021

      oh snap, I’ll clear it up

  • GarySTL March 25, 2021

    My wife and I both got 5x on all purchases on our Hyatts. I got 5x on my IHG Premier on grocery, drugstores, gas, but my wife’s did not take.

  • Marianne Shovan March 25, 2021

    I called Chase since my IHG qualified but my Hyatt nor SW Biz didn’t.

    These are targeted offers. The CSR said this was the second call he received and was extremely helpful taking about 10 minutes to figure it out.

    The CSR’s are able to see what offers are “targeted” on your card.

    My anectodal thought is that these offers are on cards that are not used often.

  • HLC March 25, 2021

    Got x5 on all purchases with my Hyatt card…

  • jdh March 25, 2021

    Thanks for posting! It looks like the Hyatt link goes to the Marriott offer, though. Is there a different link?

    • Miles March 25, 2021

      oh oops! Try the catch all and enter your card details.

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