On August 15, 2021, Chase added a $50 hotel credit benefit to the Chase Sapphire Preferred Credit Card. The benefit resets every account anniversary and you can use the benefit for any hotel accommodation that is purchased through the Chase Ultimate Rewards Travel site. 

Chase Sapphire Preferred Credit Card is one of my favorite travel rewards credit cards with a low annual fee of $95. Factoring in the annual $50 hotel credit benefit, it drops the annual fee of the card to just $45. That is incredible considering there are other valuable travel benefits on this credit card.

The Westin Lake Las Vegas Resort & Spa

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    How the Chase Sapphire Preferred $50 Hotel Credit Benefit Works

    • The $50 hotel credit is good per your card membership year, not the calendar year: 
      • If you applied for the card on or after August 15, 2021, you are eligible to use the $50 hotel credit benefit right away. 
      • If you applied for the card before August 15, 2021, you are eligible to use the $50 hotel credit benefit beginning with your next account anniversary. 
      • The Chase system makes it easy to know when you are eligible to use the $50 hotel credit benefit. See below under When Are You Eligible For Chase Sapphire Preferred $50 Hotel Credit? 
    • You can only use the credit once per card membership year. So you use it or lose it! 
    • You don't have to spend $50 at once. The credit is good up to an annual maximum accumulation of $50 including taxes and fees. In other words, if your booking is less than $50, you'll receive a statement credit in that amount and have credit left over for your next hotel booking through Chase. 
    • You can use the credit for any hotel reservations that are made through the Chase Ultimate Rewards Travel site. There's no minimum stay requirement. 
    • You must book through Chase Ultimate Rewards Travel. So you won't earn points or elite night credits through your favorite hotel loyalty programs. 
    • You receive the credit as a statement credit that will automatically be applied to your account.

    When Are You Eligible For Chase Sapphire Preferred $50 Hotel Credit?

    Please note, if you opened Chase Sapphire Preferred Credit Card on and after August 15, 2021, you are eligible to use the $50 hotel credit benefit immediately. 

    For those that are not sure when the hotel credit benefit applies to your account, follow the instruction below: 
    • Go to the Chase Ultimate Rewards Benefit page. 
    • Select Chase Sapphire Preferred Credit Card from the list if you have multiple Chase Ultimate Rewards (UR) earning cards. 
    • Under Featured Benefits, click on Learn More under the $50 Annual Ultimate Rewards Hotel... 
    • Under the Offer Overview, you can find out your next account anniversary date that you are eligible for the $50 hotel credit.

    How to Redeem the Chase Sapphire Preferred $50 Hotel Credit

    It's worth re-iterating the following:
    • The Chase Sapphire Preferred $50 hotel credit benefit will be issued as a statement credit after your qualifying hotel booking(s) through Chase Ultimate Rewards Travel
    • The benefit resets every card membership year, not the calendar year. 

    To use Chase Sapphire Preferred credit card's $50 hotel credit benefit:
    • Go directly to the Chase Ultimate Rewards hotel booking site
    • Log in with your Chase account if you are not logged in. 
    • Select Chase Sapphire Preferred Credit Card from the list if you have multiple Chase Ultimate Rewards (UR) earning cards. 
    • Enter your hotel search parameters and click on the green Search button
    • Review your hotel's reservation details and simply follow the booking interface to finalize your booking. Make sure you pay with your Chase Sapphire Preferred Credit Card.
    • Once your purchase is posted to your Chase Sapphire Preferreds account, Chase will automatically issue up to $50 hotel statement credit to your account within a few days. 

    Can You Use the $50 Hotel Credit For Points & Cash Bookings?

    Yes. When you book hotel accommodation through Chase Ultimate Rewards Travel. You have the option of how you choose to pay for the reservation:
    • You pay with Chase Sapphire Preferred points 100%. 
      • Chase Sapphire Preferred points are worth 25% more when you use them to redeem for travel through Chase Ultimate Rewards.
    • You pay with cash only.
    • You pay with Chase Sapphire Preferred points plus cash. (See the screenshot below).
      • Chase Sapphire Preferred points are worth 25% more when you use them to redeem for travel through Chase Ultimate Rewards.

    Chase will issue up to $50 hotel statement credit towards the remaining balance that you pay with cash after applying your Chase Sapphire Preferred points. 

    How to Use Chase Sapphire Preferred Credit Card's $50 Hotel Credit Benefit?


    Is Chase Sapphire Preferred $50 Hotel Credit Worth It?

    The Chase Sapphire Preferred Credit Card is already a low $95 annual fee credit card that offers nice travel rewards and benefits including dining. The fact that Chase added an annual $50 hotel credit benefit to this credit card, it really makes a big difference as it lowers the card's annual fee to just $45.

    When the internal Chase document showed new benefits were being added to the Chase Sapphire Preferred Credit Card, the miles and points community predicted that the annual fee of the card may increase. But that did not happen and it's unknown at this time whether Chase will raise the card's annual fee or not in the near future. Therefore, if you want this credit card, you should consider getting it now to lock in the highest 100,000 sign-up bonus points offer along with the current $95 annual fee and receive the $50 hotel credit benefit right away. This particular Chase credit card has a lot going on for it in terms of travel rewards and benefits. See the highlights of the card below. 

    $50 hotel credit per year is not a lot, so personally, I would aim to use the credit for hotel accommodation that does not have loyalty programs. From time to time it is possible that I am traveling to a location that I am unable to redeem points for hotel stays, that's when I tend to look for other hotels and don't really care much about earning points or elite night credits. In that situation, it really comes down to how much I can save!

    Furthermore, it is important to note that while Chase offers you a $50 hotel credit to book directly through their Chase Ultimate Rewards Travel site, the rate available there is not always the cheapest and the best out there. Therefore, I always recommend that you do your search and make a comparison to see which booking website gives you the best rate to really cut down on your total savings!