Awesome new 100K Chase Sapphire Preferred Card offer available online

The Chase Sapphire Preferred card, long widely regarded as one of the best starter rewards cards on the market, has increased its welcome offer to 100,000 points after $5,000 in purchases in the first 3 months. That’s exciting news for anyone eligible for the bonus. This is an increase of 40,000 points over the previous offer and those who can maximize the use of Ultimate Rewards points can really leverage this points haul to terrific value.

The Offer & Key Card Details

Card Offer and Details

Chase Sapphire Preferred® Card ⓘ $1370 1st Yr Value Estimate 100K Points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 100K after $5K spend in 3 months$95 Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Great signup bonus. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with fee-free Ultimate Rewards cards such as the Freedom cards, Ink Business Cash, and Ink Business Unlimited. Earning rate: 5X Travel booked through Chase Travel℠ (2X all other travel) ✦ 5X Lyft through 9/30/27 ✦3X Dining ✦ 3X Select streaming services ✦ 3X Online grocery ✦ 10% annual point bonus Base: 1X (1.5%) Travel: 2X (3%) Dine: 3X (4.5%) Other: 3X (4.5%) Card Info: Visa Signature issued by Chase. This card has no foreign currency conversion fees. Noteworthy perks: Primary auto rental collision damage waiver ✦ Free DoorDash DashPass through 2027 ✦ $10 off each month on one non-restaurant orders from DoorDash ✦ Transfer points to airline & hotel partners ✦ $50 back for hotel stays booked through Chase per cardmember year in the form of a statement credit See also: Sapphire Preferred 100K Q&A: Everything you need to know Learn more or apply

Quick Thoughts

This is a terrific offer given the value and flexibility of the points.

At a base level, Chase Ultimate Rewards points can be redeemed for a statement credit at a value of $0.01 per point, which means that the bonus is worth at least $1,000. However, there are  a bunch of ways to do quite a bit better.

The Sapphire Preferred offers a 25% boost in the value of points when using them to book travel through Chase Travel, so you could redeem points for $1,250 in travel booked through the Chase Travel portal.

Alternatively, learning to master Chase transfer partners can get you far more value for your points. Ultimate Rewards points transfer 1:1 to many different airline and hotel partners.

Among travel rewards enthusiasts, Hyatt is a perennial favorite Chase transfer partner thanks to its excellent hotel award chart. It is possible to book Category 1 hotels from just 3,500 points per night during off-peak season. Top-tier Category 8 properties cost up to 45,000 points per night, though in many cases those properties otherwise charge a thousand dollars a night or more. In other words, this bonus could get you as many as 20 nights or more at a Category 1 property or a couple of nights at a top-tier high-end hotel with points left over.

Chase also has some excellent airline transfer partners that can yield strong value in the right circumstances. While Chase Ultimate Rewards points can be transferred to familiar domestic airlines like United and Southwest for decent value, there are instances where other partners can be even more compelling. For instance, those located in the northeast can book business class awards to Europe via Air Canada Aeroplan for as few as 60,000 points one-way for travel on airlines like Lufthansa, SWISS, Brussels Airlines, TAP Air Portugal, and even the Singapore Airlines route from New York JFK to Frankfurt, Germany.

It’s worth noting that we’ve seen the chance to pick up up as many as 100,000 points via new small business credit cards, we hadn’t yet seen an offer to earn 100,000 Ultimate Rewards points on a consumer card this year.

The Sapphire Preferred card is widely regarded as being among the best starter travel rewards cards if not being the best. That’s because the card offers excellent return on dining and online grocery spend, good rewards on travel spend, and a suite of valuable benefits. Trip protections are solid for a card with a $95 annual fee and the Sapphire Preferred card offers a $50 annual credit for prepaid hotel stays booked through Chase Travel. This is a solid core card to have and hold.

Keep in mind though that most purchases only earn 1 point per dollar spent, so this isn’t a good card for ongoing unbonused spend since you could get a card like the Chase Freedom Unlimited and earn more points on otherwise unbonused purchases and then combine your points. Still, you’ll need the Sapphire Preferred (or a Sapphire Reserve or Ink Business Preferred) in order to be able to transfer to airline and hotel partners.

Keep in mind that you are not eligible for the welcome bonus if you are a current cardmember of any Sapphire credit card or if you received a new cardmember bonus on a Sapphire card within the past 48 months. You’ll also likely need to be under 5/24 to qualify.

Still, if you qualify for the card and bonus, this is a great opportunity to stack up an excellent welcome bonus on a solid card.

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