Awesome new 100K Chase Sapphire Preferred Card offer available online

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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
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

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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37 Comments
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David Duncan

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?

duh

No that’s illegal.

Michael

Hi FM Team, when is application deadline for this 100k offer expire? I read through the t&c but can’t find anything (I’m asking because I’m about to leave 5/24 in a few weeks and want to know how long I can wait before missing this offer)

Leslie deal

Please remember that referral links are scheduled to be released in the next 5 days… so hold off applying till those come out to double dip!

NanaB

Thanks for this! I immediately went to share with family members but saw it was only 60k. This helps 🙂

DSK

Thank you (on behalf of P2 since I have Reserve). Little bit of referral cash should be coming your way. There is a branch of the bank-that-shall-not-be-named about five minutes from my house, but I waited since I wanted you to get the referral as partial payment for the outstanding analysis that you provide us every day!

Jay

Would my P2 be precluded from getting the 100k sub if they are an AU on my CSR (opened 8/2023)

Jerry U

I have been rejected multiple times for the Chase Sapphire due to being an AU on my wife’s card. I was sitting right next to my banker when they were told on the phone that I wasn’t eligible because my wife had got the bonus within the last 48 months. Maybe they are just picking on people from Wisconsin.

Jerry U

That has been my experience with other credit cards too. It’s really strange because I have done most of my banking there for the past 30 years.

Dboy

Am I elegible for the CSP if I currently have the no annual fee Chase Sapphire?

Abe

If I currently have the sapphire preferred, can I downgrade it to a freedom card, and then be eligible for this offer? I got the sapphire preferred 5+ years ago.

NanaB

This is very helpful! I have a CSP as well as a Chase Ink Limited, and Chase Ink Preferred. Is there a particular freedom card you recommend for the downgrade? Apologies if this is a “stupid question”, but will I potentially “lose” my existing URs with the product change (before applying for a new CSP)?

Ryan J

Chase Freedom with Ultimate Rewards is your best bet to downgrade to. No annual fee card no longer offered for new applicants, but able to be downgraded to and you should keep your ultimate rewards points.

Jacinto

Is there a way to check when I last received a CS bonus? I’ve cancelled the CSP card at least 2 years ago.

Gordon

I’ve never heard of Travel Freely. Do you recommend it?

Lukas

Absolutely! Search this site for more details. I use it as well and that helped me find out that I cannot apply for this card with a SUB until September of this year due to 4-year rule.

LSP

I was sad that Chase confirmed I earned my last CSP welcome bonus 8/4/21. Any idea how long this offer might last?

Daniel A

Hi Nick, is it based on the date you received the card or the date the SUB hit?

Daniel A

Thanks. Does Chase give you an indication on your eligibility? Maybe call to ask?

LSP

Thanks as always, Nick. If I wanted to risk it (I’m not totally confident Chase gave me the right date as it was 4.5 months after I opened the card, and usually I meet SUBs before that), would I just get denied if they determine I’ve earned a Welcome Bonus in the last 48 months? Or would they approve me and just not give the SUB (without telling me)? Thanks!

Lukas

That’s typically the statement cut date after you’ve met the intro spending requirement.” This is the exact info I was looking for, might be very useful to include in the main post as well.

Alex

Can this offer be combined with a 10k referral bonus? My wife has a CSP, but when I generate the referral link, it says the signup bonus is 60k.

Leslie deal

There is supposed to be a referral coming per Chase, so definitely wait.

Alex

Thank you!

Daniel A

I’d wait. Based on other Chase cards, seems there’s normally a lag in the referral offers.

Leslie deal

Yes, I’ve heard within about 5 days from Chase.