The Chase Sapphire Preferred® Card is once again offering a massive 100,000-point sign-up bonus—but this all-time-high deal is set to end soon, with no firm deadline announced. At our valuation, those 100,000 Chase Ultimate Rewards points are worth about $2,050, making this one of the most lucrative offers in the credit card world right now.
Our Take
Good news for serious travelers and points optimizers. This is the best public offer we've tracked for the Sapphire Preferred, and it won't last. If you’re eligible and have big travel plans, this is a rare chance to lock in huge value—don’t wait for a better deal, because it likely won’t come.
What Changed
- Sign-up bonus: 100,000 Ultimate Rewards points after $5,000 spend in 3 months (previously 60,000 points)
- Bonus value: ~$2,050 (by our valuation)
- Offer status: Ending soon (no exact date announced, but likely within weeks)
Who Benefits Most
- New-to-Chase travelers: If you haven’t had a Sapphire product in the past 48 months, you can earn 100,000 points—worth ~$2,050 toward travel or $1,250 via Chase’s travel portal.
- Big spenders planning a trip: Spend $5,000 in 3 months and redeem for Hyatt stays (1.65¢/point) for up to $1,650 in hotel value, or transfer to United for ~$1,350 in flight value.
- Chase ecosystem fans: Pair with Chase Freedom Unlimited to supercharge everyday spending and pool points for premium travel redemptions.
- Transfer partner maximizers: 100,000 points can mean 4 round-trip domestic flights (25,000 Avios each) or 6 nights at top Hyatt Category 4 hotels.
Who Should Be Cautious
- Recent Sapphire cardholders: If you’ve received a Sapphire bonus in the last 48 months, you’re not eligible.
- Those over 5/24: If you’ve opened 5+ personal credit cards in the past 24 months, Chase will likely deny your application.
- Low spenders: If you can’t meet the $5,000 minimum spend without stretching, skip this offer—don’t overspend just for points.
What To Do Right Now
- Check your 5/24 status and Sapphire bonus eligibility before applying.
- If eligible, apply as soon as possible—this offer could disappear with little notice.
- Plan your $5,000 in spend over 3 months (consider prepaying bills, insurance, or taxes if needed).
- Review transfer partners and redemption options to maximize your 100,000 points.
- If you’re not eligible, consider Chase Freedom Unlimited or Citi Strata Premier for strong alternate bonuses.
