The world of credit card rewards is buzzing: the all-time-high 100,000-point Chase Sapphire Preferred offer is ending soon, while American Express has expanded access to its massive 300,000-point Business Platinum and 200,000-point Business Gold bonuses. If you’ve been waiting to apply, now is the time to act before these top-tier deals disappear.
Our Take
Good news for high spenders and points maximizers. These are some of the most lucrative welcome offers we’ve seen—by our valuations, the Chase Sapphire Preferred 100k bonus is worth ~$2,050, and the Amex Business Platinum 300k offer clocks in at a staggering ~$6,000. But with the CSP offer ending soon, procrastinators risk missing out on the best value in years.
What Changed
- Chase Sapphire Preferred: 100,000 Ultimate Rewards offer ending soon (historically all-time-high, ~$2,050 value)
- Amex Business Platinum: 300,000 Membership Rewards bonus now available to more applicants (historically excellent, ~$6,000 value)
- Amex Business Gold: 200,000 Membership Rewards bonus more widely available (excellent, ~$4,000 value)
- Capital One Spark Cash/Plus: $1,000/$2,000 + $250/$500 offers (details not fully specified in source)
Who Benefits Most
- New-to-Chase travelers: If you haven’t had the Chase Sapphire Preferred, the 100k offer is the highest ever—worth ~$2,050 at our 2.05¢/point valuation. Transferring to Hyatt or United can stretch this even further.
- Small business owners with high spend: The Amex Business Platinum 300k bonus is worth ~$6,000 (2¢/point), making it ideal for those who can meet the high minimum spend.
- Entrepreneurs eyeing Amex Business Gold: The 200k offer is worth ~$4,000—excellent for those who want flexible points and strong 4x category bonuses.
- Points strategists: Combining these offers could net over $12,000 in value if you can hit multiple minimum spends.
Who Should Be Cautious
- Low spenders: The Amex Business Platinum and Gold bonuses require significant spend ($15,000–$20,000 in 3 months for the top offers), which may not be realistic for all.
- Recent Chase applicants: If you’ve opened 5+ cards in the past 24 months, you may be ineligible for the Sapphire Preferred due to 5/24 rules.
- Those with existing Amex business cards: Amex’s once-per-lifetime bonus rule applies, so check your eligibility before applying.
What To Do Right Now
- Apply for Chase Sapphire Preferred ASAP if you’re eligible—the 100k offer is ending soon and is the best we’ve tracked.
- Check Amex pre-approval links for Business Platinum and Business Gold—see if you’re targeted for the 300k/200k offers.
- Evaluate your spend: Only pursue these offers if you can meet the minimum spend without overspending or incurring debt.
- Stack offers if possible: If you can handle multiple minimum spends, this is a rare window to rack up huge points.
