The Chase Sapphire Preferred’s legendary 100,000-point signup bonus—worth $2,050 at our valuation—is still available via referral links as of August 2026. This matches the card’s all-time high offer, making it one of the most lucrative bonuses in the travel rewards world right now.
Our Take
Good news for travel rewards maximizers. This is the strongest public offer we’ve ever tracked for the Sapphire Preferred, and at $2,050 in value (by our 2.05¢/point estimate), it’s a rare chance to lock in huge value for anyone eligible. If you’ve been waiting for the right moment to apply, this is it—just be sure to use a referral link.
What Changed
- Signup bonus: 100,000 Ultimate Rewards after $5,000 spend in 3 months (still available via referral)
- Matches the highest ever offer for this card
- No announced end date; act quickly as these offers can disappear without warning
Who Benefits Most
- First-time Sapphire Preferred applicants: 100,000 points = ~$2,050 in travel (at 2.05¢/point) when transferred to partners like Hyatt or United.
- Chase Ultimate Rewards fans: Stack with other Chase cards for even more value—combine points from Chase Freedom Unlimited or Chase Ink Business Preferred for flexible redemptions.
- Travelers booking Hyatt stays: 100,000 points transfer 1:1 to World of Hyatt, worth up to 6 nights at top-category hotels (Hyatt points valued at 1.65¢ each).
- Family travelers: Pool points with household members for group trips, maximizing the bonus’s impact.
Who Should Be Cautious
- Recent Sapphire cardholders: If you’ve opened any Sapphire card in the last 48 months, you’re not eligible for this bonus.
- Those over 5/24: If you’ve opened 5+ cards from any issuer in the last 24 months, Chase will likely deny your application.
- Minimal spenders: The $5,000 spend requirement in 3 months may be tough for those with low expenses—don’t overspend just for the bonus.
What To Do Right Now
- Find a trusted friend or family member with a Chase Sapphire Preferred and ask for their referral link.
- Double-check your 5/24 status and Sapphire eligibility before applying.
- Plan your $5,000 in spend over the next 3 months—consider prepaying bills or using PayPal for eligible purchases.
- Apply as soon as possible; these referral offers can be pulled at any time.
