How much is the Chase Sapphire Preferred Credit Card bonus actually worth?
The headline number is 60,000 Chase Ultimate Rewards points (worth ~$1,200 in travel). Counting the money you tie up and the time the requirements take, it works out to about $3,261/hr per hour of your own time.
The best entry into Ultimate Rewards. Transfers 1:1 to Hyatt (a Category-4 Hyatt is 15K points a night), United, Southwest, Aeroplan, Flying Blue, and 9 more airline and hotel partners.
The numbers, in full
| Payout | 60,000 Chase Ultimate Rewards points (worth ~$1,200 in travel) |
|---|---|
| What it takes | Spend $5,000 on purchases within the first 3 months. Chase 5/24 rule applies (auto-denied if you have opened 5+ personal cards across any issuer in the last 24 months). |
| Direct deposit needed | No |
| Money tied up | None |
| Time committed | 60 days |
| Effective APY | No capital tied up |
| Per hour of your time | $3,261/hr |
| When it pays | Points post 6 to 8 weeks after you hit the spend requirement |
| Offer ends | No published end date |
| Last checked | Jul 5, 2026 |
What the return actually looks like
No money of yours sits still here, so an APY would be meaningless. Judge it on pay for your time: about $3,261/hr for roughly under an hour of work.
Read this chart as a table
| Offer | Pay per hour | Hands-on hours |
|---|---|---|
| American Express (Gold / Platinum) | $4,174/hr | 0.38h |
| Chase Sapphire Preferred (this offer) | $3,261/hr | 0.38h |
| Marriott Bonvoy Business American Express | $2,348/hr | 0.38h |
| Chase Sapphire Reserve | $2,027/hr | 0.62h |
| Chase United Explorer | $1,957/hr | 0.38h |
| Delta SkyMiles Gold American Express | $1,826/hr | 0.38h |
Open it
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