The 100,000-point Chase Sapphire Preferred Offer Is Ending Soon: 8 Mistakes to Avoid Before You Apply

The Chase Sapphire Preferred’s massive 100,000-point welcome offer—worth over $2,050 by our valuation—is ending soon. If you’re eyeing this record-high bonus, now is the time to act, but make sure you avoid the most common application mistakes that could cost you big.

Our Take

Good news for new points maximizers. This is one of the best public offers ever seen on the Chase Sapphire Preferred, and it’s a rare chance to lock in huge value for travel, cash back, or transfers. But with high demand comes high risk: missing a key eligibility rule or mis-timing your application could mean missing out entirely.

What Changed

• The Chase Sapphire Preferred is offering a 100,000-point welcome bonus (ending soon)
• By our valuation, 100,000 Ultimate Rewards points are worth ~$2,050
• This is one of the highest public offers ever tracked for this card
• 8 common mistakes can jeopardize your bonus eligibility (per The Points Guy)

Who Benefits Most

• First-time Sapphire applicants: If you’ve never had a Sapphire card, you can earn the full 100,000-point bonus—worth ~$2,050 for travel via Chase or even more with transfer partners.
• Travel hackers with high upcoming spend: Meeting the minimum spend quickly unlocks maximum value—book $2,000+ in free flights or hotels.
• Chase ecosystem fans: Pairing with Chase Freedom Unlimited or Chase Sapphire Reserve lets you pool points for even more value.
• International travelers: Transfer 100,000 points to partners like Hyatt or United for outsized redemptions—e.g., 4 nights at a top Hyatt (worth $1,400+ at 1.65¢/pt).

Who Should Be Cautious

• Recent Sapphire cardholders: If you’ve received a Sapphire bonus in the last 48 months, you’re ineligible—don’t waste a hard pull.
• Over 5/24 applicants: If you’ve opened 5+ cards in 24 months, Chase will automatically deny you.
• Low spenders: If you can’t meet the minimum spend in time, you’ll forfeit the bonus.

8 Mistakes to Avoid Before You Apply

1. Ignoring the 48-month rule: You can’t get the bonus if you’ve received a Sapphire bonus in the past 4 years.
2. Violating the 5/24 rule: More than 5 new cards in 24 months? You’re not eligible.
3. Applying if you currently hold another Sapphire card: You can’t have both Sapphire Preferred and Reserve at once.
4. Missing the minimum spend deadline: Track your spending to ensure you hit the requirement in time.
5. Applying with a low credit score: Chase typically requires good to excellent credit (700+ FICO).
6. Forgetting authorized user status: Being an authorized user doesn’t disqualify you, but check your status.
7. Not planning your spend: Don’t rush or manufacture spend—use organic expenses to qualify.
8. Applying too late: The offer is ending soon; don’t wait and risk missing the deadline.

What To Do Right Now

1. Check your Sapphire bonus history and 5/24 status before applying.
2. Plan how you’ll meet the minimum spend within the required timeframe.
3. Gather documentation for income and credit if needed.
4. Apply as soon as possible to lock in the 100,000-point offer.
5. Review Chase’s terms and eligibility rules on their official site before submitting your application.