The Chase Sapphire Preferred® Card has relaunched its legendary 100,000 Ultimate Rewards point welcome offer after $5,000 spend in the first three months—a return to its all-time high. At our valuation of 2.05 cents per point, that's a massive ~$2,050 in travel value, making this one of the most lucrative public bonuses in the market right now.
Our Take
Good news for travel maximizers and first-time Sapphire applicants. This is the strongest public offer we've ever tracked for the Sapphire Preferred, and it's a rare opportunity to lock in huge value for both beginners and seasoned points pros. If you missed the 100K wave last time, now's your chance—these offers rarely last long.
What Changed
- Welcome bonus: 75,000 Ultimate Rewards → 100,000 Ultimate Rewards after $5,000 spend/3mo (effective immediately)
- This matches the card's historical best-ever public offer
Who Benefits Most
- New-to-Chase travelers: 100,000 points = ~$2,050 in value (at our 2.05¢/pt estimate) for flights, hotels, or transfers to partners like Hyatt and United
- Hyatt loyalists: Transfer 100,000 UR to Hyatt for up to 6 nights at top-category hotels (Hyatt points value: 1.65¢/pt)
- International flyers: 100,000 points can transfer to airline partners for business class flights worth $3,000+ in cash value
- Chase Trifecta fans: Pairing this with Chase Freedom Unlimited and Chase Sapphire Reserve supercharges your earning and redemption power
Who Should Be Cautious
- Recent Sapphire cardholders: If you’ve received a Sapphire bonus in the last 48 months, you’re not eligible for this offer
- 5/24 rule victims: If you’ve opened 5+ cards in the last 24 months, Chase will auto-deny your application
- Low spenders: If you can’t meet $5,000 in 3 months without overspending, don’t stretch for the bonus
What To Do Right Now
- Check your 5/24 status—if you’re under, apply ASAP before the offer disappears
- Review your Sapphire bonus history (must be 48+ months since last Sapphire bonus)
- Plan $5,000 in organic spend over 3 months (rent, utilities, insurance, taxes can help)
- If eligible, apply directly for the Chase Sapphire Preferred to lock in the 100K offer
