The Chase Sapphire Preferred® Card just dropped its highest-ever welcome bonus: 100,000 Ultimate Rewards points for new applicants. At our 2.05¢ per point valuation, that’s a massive $2,050 in travel rewards—making this the most lucrative public offer we’ve ever tracked for this card.
Our Take
Good news for travel maximizers. This is a true all-time-high for the Sapphire Preferred, blowing past the usual 75,000-point offers and even the 80k-90k spikes we've seen in the past. If you’ve been waiting for the perfect moment to get this card, this is it—especially if you value flexible, high-value points for travel.
What Changed
- Welcome bonus: 75,000 → 100,000 Ultimate Rewards points (effective June 15, 2026)
- Bonus value:
$1,538 → **$2,050** (at our 2.05¢/pt valuation) - Minimum spend: $6,000 in 3 months (increased from $5,000)
- Offer available for a limited time (end date not announced)
Who Benefits Most
- First-time Sapphire applicants: 100,000 points is worth ~$2,050 toward travel, or even more with transfer partners like Hyatt (where 100k points can book 6+ nights at top properties).
- Chase ecosystem fans: Pair with Chase Freedom Unlimited for the "Chase Trifecta"—maximizing 5x, 3x, and 1.5x earning, then pooling all points at the Preferred’s higher redemption rates.
- International travelers: Transfer 100,000 points to partners like Air Canada Aeroplan or British Airways Avios for 2+ roundtrips to Europe (at 50k points each, worth $1,400+).
- Big spenders: If you can hit the $6,000 minimum in 3 months, this is a rare chance to lock in maximum value on everyday purchases.
Who Should Be Cautious
- Recent Sapphire cardholders: If you’ve opened a Sapphire card in the past 48 months, you’re not eligible for this bonus.
- Those under 5/24 pressure: If you’re close to Chase’s 5/24 rule (5 new cards in 24 months), consider if this is your best Chase slot.
- Low spenders: The $6,000 minimum spend is higher than usual—if you can’t meet it organically, don’t force unnecessary purchases.
What To Do Right Now
- Check your 5/24 status—if you’re eligible, apply as soon as possible before the offer disappears.
- Plan your spending: Map out how you’ll meet the $6,000 minimum in 3 months (bills, groceries, insurance, etc.).
- Already have a Sapphire Preferred or Reserve? Consider a product change or wait until you’re eligible again.
- If you’re new to Ultimate Rewards, read up on transfer partners to maximize your points’ value.
