The Chase Sapphire Preferred Card has relaunched its 100,000-point welcome bonus—an all-time-high offer worth about $2,050 by our valuation. This comes alongside a recent card refresh, making it a headline offer for anyone considering a new travel rewards card.
Our Take
Good news for travel rewards beginners and Chase fans. This is the strongest Sapphire Preferred offer we've seen, and it easily outpaces most competing cards in dollar value. If you can meet the $5,000 spend in 3 months, this is a rare window to lock in maximum value—especially if you pair it with other Chase cards or transfer partners. However, recent Hyatt devaluations mean the bonus isn’t quite as powerful for Hyatt loyalists as it once was.
What Changed
- Welcome bonus: 60,000 → 100,000 Ultimate Rewards points after $5,000 spend in 3 months (all-time high)
- By our valuation: 100,000 UR = ~$2,050 in travel value
- Card refresh: recent changes to benefits and earning structure (details vary)
Who Benefits Most
- New-to-Chase travelers: Earning 100,000 UR points can cover ~$2,050 in travel via transfer partners or Chase Travel. That’s enough for 4–6 roundtrip domestic flights or 5+ nights at mid-tier hotels.
- Hyatt transfer optimizers: Even after the Hyatt devaluation, 100,000 UR points can transfer to 60,606 Hyatt points (1:1) worth ~$990, enough for 4 nights at a Category 4 property.
- Ultimate Rewards power users: Pairing with Chase Sapphire Reserve or Chase Freedom Unlimited lets you maximize bonus categories and redemption options.
- Couples or families: Two-player mode (both partners apply) can net ~$4,100 in value, covering a major trip.
Who Should Be Cautious
- Recent Hyatt loyalists: The recent Hyatt devaluation means your points won't stretch as far for luxury redemptions as before.
- Those who can't meet the $5,000 spend: Missing the minimum spend means missing the bonus—don’t stretch your budget just for points.
- Current Sapphire cardholders: If you’ve received a Sapphire bonus in the past 48 months, you’re not eligible for this offer.
What To Do Right Now
- Check your 5/24 status—if you’ve opened 5+ cards in 24 months, you’re not eligible.
- If eligible, apply for the Chase Sapphire Preferred before the bonus drops (no published end date, but these offers rarely last long).
- Plan your $5,000 spend over 3 months—consider timing for big purchases or bills.
- Explore transfer partners like Hyatt, United, and Southwest for outsized redemption value.
- Already have a Sapphire Preferred? Consider product changing or referring a partner/family member.
