Update 5/8/25: We’ve received notice that this terrific Chase Sapphire Preferred offer will be ending at 9 AM EST on 5/15/2025. If you’ve been on the fence, biding your time, or hanging back, now’s the time.
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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 |
|---|
 ⓘ $1360 1st Yr Value Estimate$50 prepaid hotel credit valued at $35 Click to learn about first year value estimates 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 Alternate Offer: Earn even more points by applying through Rakuten. More details here. FM Mini Review: Great welcome offer. Unlocks ability to transfer points to hotel & airline partners. Solid option to pair with no annual fee 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 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 |
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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Bummer about Rakuten (also the Sak’s dropped from 15% highest since end of last year) was going to apply for CSP last night but my SM to drop one of my CL ) took 36 hours) by $10K (we are at 150% of CL to Income but we still have been getting instant approvals (I think lowering our CL has helpped).. but the extra 20K UR would have been nice. I was planning on waiting till Sunday night (last approval was UA biz end of February – I personallly like to wait at least 90 days between approvals.
3 questions here –
1) Applied after i downgraded from CSR to CFU and then applied 2 days after based on Greg’s DP. My application has then been instantly turned to “under review” and then was asked to provide more info (ID). I have then provided additional info prompty. Called today 2x and was told documents were received and will need 7-10 business days to approve (or may be shorter). I’m a long-time customer, definitely below 524, great credit score. Is this normal? I am shocked about this process and unsure what to make of it or what the best next steps should be.
2) If this review extends past the signup deadline, will I miss the promotional 100k?
3) if this review extends past the signup deadline, does that shorten my time to meet min spend (ie does clock start from date of signup or date of approval)?
Thanks all. Also thanks to Greg and team for sharing excellent resources always.
1) That’s unusual, but not unheard of. I’d give it a couple of days. If nothing, call again and offer to move some credit limit from your CFU to open it if need be.
2) No, you won’t miss the 100K. If you are approved, you get the offer that was in effect at the time you applied.
3) No, your spending window starts the day you are approved.
Thanks Nick!
@Nick Reyes What would I give up if I product change my current CSR & downgrade it to a Freedom card (which my partner already has), wait 2 business days, & apply for CSP?
is preferred+sapphire mdd still possible?
Nope, dead for almost a year now.
What’s the prediction that CSR will be next on the elevated offer list?
I’ve wanted to get the CSR this time around and wanted to not miss out another 4 years if I go for the CSP again.
Since yesterday, you might have seen people on Reddit claim CSR is being revamped with a $795 fee. So I would guess they’ll have a new elevated offer. I was about to convert my CSR and apply for CSP last minute. Now the rumors have me back on the fence.
I saw the rumored changes on CSR. I think preferred still is an excellent card to get given the much outweighed value so would encourage you to apply if you are able to.
I have seen and red the rumor about CSR on various platforms.
P2 and I are finally eligible again after over 4 years. P2 applied back in April and I was waiting/on the fence about getting the CSR now or get the CSP again.
What I really want is the CSR and have been dragging my feet on applying for the CSP again after downgrading to the OG Freedom.
I don’t want to lock both of us out of getting the CSR this time around for another 4 years.
Clock is ticking… lol
Depending on the accuracy I may PC our freedoms back to CSR (after getting CSP SUb again). The Edit Hotel if its like The Renowed Hotels/FHR its a better deal than FHR if they have most of the same properties.
We jist used the United Quest $150 Renowed credit on Fairmont Whistler for P2s bday.
Only time will tell.
Would this work? If you are not eligible yet based on the 48 month rule, freeze all credit bureaus and apply. Wait for the letter, and then you have 30 days. Hopefully by then you’d be eligible. Would the original 100k offer be honored after it expired since you originally applied when it was valid?
Nope, they will not attempt a credit pull if you are within 48 months, automatic denial.
Applied after 47 months since receiving prior CSP bonus today when dropped to 4/24. Rejected. So annoying! Can’t wait to see what Chase offers after the big CSP and UA offers expire in the next 2 weeks. FYI, the CSP offer is rumoered to end on May 12. I suspect FM can’t share/confirm that detail yet, but someone leaked it.
Can see that date when I refer. Says have friends apply by May 12.
Got the same denial as well.
Received SUP on CSP on 7/11/2021. Got denied because according to recon rep I wouldn’t be eligible for card on today’s app until 7/12/2025.
I told the rep that I have 90 days to satisfy the spend req’s for the bonus which would take me beyond the 7/12 date and she basically said too bad, so sad.
Not how it works, application has to be 48 months after the last sapphire bonus. They don’t approve if you aren’t eligible.
This may have been covered, but I can’t seem to find it. Is there any time limit required after product changing to Freedom card to applying for this? I am 5/24, my current Sapphire Preferred was opened in 2021.
I am curious about this as well. Planning to product change my CSP today (opened in 2019) and want to reapply in next week or two.
I really think the referral link that you send a friend is probably correct when it says make sure your friend applies by May 12th. Hope they don’t pull any earlier, but I wouldn’t wait 2 weeks!
Data point:
P2 called in to downgrade the CSP card to Freedom Flex on last Friday evening. The online account showed the new Flex account with different card number within 1 hr (Flex is Mastercard while the CSP is Visa), and everything from CSP was changed to flex account, including the previous transaction history, while the previous CSP account is not available from Overview. This Monday (3 days later) the Flex account already showed the prorated annual fee back. Started to apply the new CSP on Tuesday evening and was instantly approved! Everything worked smoothly.
Yes, 3 to 5 days is what I read is safe to get approved.
It took almost exactly two days for me.
Thank you both for the info. As I sit on hold waiting for a CSP rep, I am reminded that one of the first marketing pieces for the CSP when it first launched was that there was always a dedicated rep answering the phone and there would ‘never’ be a wait time. 🙂 Anyone else remember that?
I just got an email from Chase for this card. I have had it as recently as last year. Here is the language in the terms offer. “100,000 Bonus Points After You Spend $5,000 On Purchases In The First 3 Months From Account Opening: This credit card is unavailable if you currently have one open. The new cardmember bonus MAY (my emphasis) not be available if you currently have any Sapphire card open or have previously held this card. We may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility. Unlike AMEX there is no pop up to tell you if you are eligible. What do you think Nick? should I try? I am under 5/24
This should answer your questions:
https://frequentmiler.com/sapphire-preferred-100k-qa-everything-you-need-to-know/
Actually, if you go to refer someone for the card, the end date is shown at the bottom.
The 100k bonus will expire May 12th.
Saw that, wonder if that’s the correct date? If i go to use hubby’s referral, I don’t see an expiration date, but when he gave me the referral it said to have friends use by May 12th.
Where do you see that? I don’t see any dates listed on the referral link page.
I don’t see any end date/expiration on the bonus from my referral link. Where does it show? I checked the fine print but didn’t see it. need to refer P2 but still working on my MSR for myself for this card so want to delay this card as much as possible but not miss the 100k SUB of course.
When you go to the chase refer a friend page -> CSP, and then it’s on the bottom.
At least it’s for me.
The statement on which I earned the bonus was dated June 2021, so I assume I wouldn’t be eligible until June 2025?
I’m wondering the exact same thing!
I read that chase may just look at the date when you made the spend, not the statement date. You could always get your app in by May 11th. You would get a denial, but then within 30 days call reconsideration and it might go through then. That’s what I may try.
So if I get approved I’ll get the bonus?
Yes
Source?
Some have said that worked for them, so no harm in trying.
I mean I’ve taken on hard pulls for less…
I think technically my earn date was May 2021 but the statement date was definitely June
They won’t pull your credit if you are within the 48 months, automatic denial. But yes the actual date of the 48 months is based on the transaction date of the purchase that triggered the last sapphire bonus, not the statement close date that included the bonus. So it is possible if your statement closed first half of June that your date could be early enough that you could have earned the bonus and be eligible again for 100k before the end date.
Hi FM Team, thanks for all you do. I am currently under 5/24, and have the CSR that I received the bonus back in 2019 (longer than 48 months). I would like to downgrade to one of the Freedom cards so I can apply for the CSP. I have a couple hotel stays currently booked with points through the Chase Travel portal. Will downgrading to the a Freedom card impact any existing bookings? Any experience with this? TY
I want to apply for Chase Sapphire preferred 100,000 points promo. I currently have Chase Sapphire reserve for over 48 months. I have freedom, flex, and freedom unlimited. I know you cannot have both Sapphire cards at once. What are my options to downgrade? Preserve my ultimate reward points that I have with the Chase of Vaia reserve?
Product change to Freedom Flex. You can have an unlimited number of Freedom cards of any variety. (I currently have three Freedom Flex cards.) You will keep all your UR points. Once you’re approved for the new CSP, transfer the points from your other cards to that one so you can transfer to travel partners.
Thank you
The FM team is awesome. CSP referral bonus headed your way.
I just signed up for United biz card last week, would I still be eligible to apply for CSP if I’m under 5/24 and never had a sapphire?
No that’s illegal.
Wait 1 month from approval on the Chase United Business card (or at least that’s the advice on Southwest business cards).
You can be approved for a Chase personal and Chase business card in the same day. I’ve done this myself and there are tons of DPs of others who have done it. Chase treats business and personal lines of credit as completely separate. No reason you can’t apply for the CSP right now.
Correct!