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Chase Sapphire Preferred Sign-up Bonus Increases to 50,000 + 5k Points & Chase Freedom to 20,000

[Update: There is a offer for up to 55,000 points and you still may be able to see if through the links on this FlyerTalk thread. The annual fee on this offer is $125 vs. the normal $95 annual fee. The public version of this offer has been pulled from Chase's website, but you still may see it if you are targeted as it doesn't show up for everyone.]

Update: The offers mentioned in this post for the Chase Sapphire Preferred and Freedom credit cards have expired. You can view the current offers here: Sapphire PreferredFreedom.

Today Chase announced that the Chase Sapphire Preferred and Chase Freedom card bonuses have increased. The sign-up offer for the Sapphire Preferred bumped up to 50,000 Ultimate Rewards points after spending $3,000 in the first 3 months. You can earn an additional 5,000 points by adding an additional user and having them make a purchase within the first 3 months. The increased offer for the Freedom card is 20,000 points after spending $500 within 3 months, and is worth $200 cash back.

Chase Sapphire Preferred

The new Chase Sapphire Preferred offer is worth a total of 55,000 points after spending $3,000 and adding an additional authorized card user that makes a purchase within the first 3 months.  The annual fee is on the card for this $125 instead of the usual $95.

The last time Chase offered 50,000 UR points for the Sapphire Preferred was back in March, 2012, so if you were thinking about applying for this card, now is your change to earn 45k points.

Chase Freedom

The Chase Freedom card is offering a $200 bonus after spending $500 in the first three months of opening up your account.  You will receive 20,000 in bonus points that is worth $200 cash back or can be transferred to your UR account if you also have a Chase Sapphire Preferred, Ink Plus/Bold card.

As a cash back rewards credit card, the Chase Freedom card is a great tool in earning points for traveling and is my favorite no annual fee card. By also having a premium Ultimate Rewards points credit card the points that your earn on the Freedom card can be transferred and combined with your UR account. This allows you to maximize your flexibility when redeeming whether its airfare, train fare, hotels or shopping. The fact that the card has no annual fee and a hefty bonus, makes this a great offer.

Bottom Line

These are two great offers. The Chase Freedom 20,000 bonus points combined with the Chase Sapphire Preferred 55,000 bonus could net you 65,000 UR points that you can use on any of the valuable Ultimate Rewards transfer partners. The Freedom card offer is for a limited time and the extra 5k for the additional user on the Sapphire Preferred may be also, so if you want in on these deals I would recommended applying sooner than later.

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