Everyone is excited about Chase’s new 100,000 point offer for the Sapphire Preferred card. It is, without question, a fantastic and exciting offer. Pretty much anyone who can qualify ought to consider applying. But many people have questions about whether they qualify or how to qualify. Here’s what you need to know…
100K Offer Basics
| 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 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 |
In order to qualify for the Chase Sapphire Preferred 100K bonus, you must meet the following criteria:
- Under 5/24: If your credit report shows that you opened 5 or more new cards from any card issuers in the past 24 months, then you will most likely not be approved for a new Chase card. More details can be found here.
- No current Sapphire card: You must not currently be the primary cardholder of the Sapphire Reserve, Sapphire Preferred, or no-fee Sapphire card. It’s okay if you are an authorized user with any of those cards, but not a primary cardholder.
- No Sapphire bonus in last 48 months: If you received a welcome bonus for either the Sapphire Preferred or Sapphire Reserve card in the past 48 months, then you are not eligible for this bonus.
- Meet minimum spend requirements: Once you are approved for the Sapphire Preferred, you have 3 months to make purchases totaling $5,000 or more. Keep in mind that the $95 annual fee (and any other card fees you incur) do not count towards that total. Also, any charges that count as cash advances will not count towards the total.
Questions and Answers
100K Offer Questions
How do I apply?
You will find our link for this offer on our dedicated Sapphire Preferred Card page here. The same page includes a full guide to the card’s perks and rewards.
How much are 100,000 points worth?
The answer depends upon how you use the points:
- $1,000: You can directly cash out your points for a penny each
- $1,250 towards travel: Points are worth 1.25 cents each when you use points to book travel through Chase Travel.
- $1,500 towards travel. If someone in your household has the Sapphire Reserve card, you can move your points to their account to make them more valuable. Or, after a year with the Sapphire Preferred, you can ask to upgrade to the Sapphire Reserve. Either way, you’ll get 1.5 cents per point value when booking travel through Chase Travel with the Sapphire Reserve card.
- $2,000 or more towards travel. Chase Ultimate Rewards points can be transferred to a number of travel partners (see details here). In many cases, if you know what you’re doing, it’s possible to get far outsized value (2 cents per point value or more).
How long will this offer last?
Unfortunately we have no idea.
Can I refer friends to this offer? I am a current Sapphire Preferred or Sapphire Reserve cardholder.
Not yet. At the time of this writing, the refer-a-friend offers are for 60,000 points. It is possible/likely that a 100,000 point referral will show up soon. If that happens, then you can refer friends and/or family members to this offer. That way you’ll earn a referral bonus and they’ll earn the full welcome bonus (assuming they get approved and complete the minimum spend requirements).
I applied and was denied. Is there anything I can do?
Yes! When denied for a Chase card, call the reconsideration line (1-888-270-2127) to ask for the decision to be reconsidered. If you currently hold other consumer Chase cards, tell the agent that you are not looking for more credit and you are happy to move credit from another card to open this one.
I recently applied for a lesser offer. Will Chase match me to the 100K offer if I ask?
Possibly. It’s definitely worth calling to ask.
I recently applied for a lesser offer, but a decision is pending. What should I do?
Call and ask to rescind the application. You should then be able to apply separately for the 100K offer.
Can my significant other also apply so that we will earn 200,000 points?
Yes. If you can both qualify and can both meet the minimum spend requirements then it absolutely makes sense for both of you to apply. Chase even allows people within the same household to share points and so you could move the points all to one account as needed (you’ll have to call Chase to setup the initial transfer though). There usually isn’t a good reason for two people in the household to keep these cards long term, so after a year I recommend that one of you product change to a fee-free Freedom Flex or Freedom Unlimited card.
Can I earn the bonus by product changing to the Sapphire Preferred from another Chase card?
No.
Can I apply and earn the bonus even if I have other Chase Ultimate Rewards cards such as Chase Freedom Unlimited or Chase Ink?
Yes.
5/24 Questions
How do I know my 5/24 status?
See this post: 3 Easy Ways to Count Your 5/24 Status.
I am over 5/24 due to being an authorized user on several accounts. Can I qualify?
Yes. When you apply for the Sapphire Preferred, you may be initially denied, but you can then call the reconsideration line (1-888-270-2127) to explain that you are not responsible for the credit lines where you are an authorized user. They should then be able to reconsider your application and approve you if your are under 5/24 with your primary cardholder accounts.
Current Sapphire Card Questions
I currently have the Sapphire Reserve card. Can I qualify for the Sapphire Preferred?
No. Chase treats these, and the no-fee Sapphire card, as a single product family. You are only allowed to have one Sapphire card at any time.
I currently have a Sapphire card. Can I cancel it and then apply for the Sapphire Preferred?
Yes, but I recommend product changing instead to a no-annual-fee Chase Freedom card (Freedom Unlimited or Freedom Flex). Product changing will preserve your points and your credit line. Plus, if you aren’t approved for the Sapphire Preferred, you could then try to product change back.
After cancelling or product changing, I recommend waiting about a week before applying for the Sapphire Preferred (although some people have reported success with only waiting a few days).
I currently have a Sapphire card. Can I product change it and then apply for the Sapphire Preferred?
Yes! Chase even mentions that option directly in the card’s offer terms. They state: “If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change”
Product changing will preserve your points and your credit line. Plus, if you aren’t approved for the Sapphire Preferred, you could then product change back.
After product changing, I recommend waiting about a week before applying for the Sapphire Preferred (although some people have reported success with only waiting a few days).
I currently have a Sapphire card but only because I’m an authorized user. Can I apply for the Sapphire Preferred?
Yes! Only the primary cardholder of a Sapphire account is prohibited from applying for a new Sapphire card.
Product Change Questions
I currently have a Sapphire card. Which card should I product change to?
Any Chase Freedom card will work. If you don’t already have the Freedom Unlimited card, that’s a great one to have anyway, so I’d go for that. See our guides here:
If I product change, what happens to the points in my account?
If you product change to any kind of Freedom card, your points will be preserved in your Freedom account. Once your Sapphire Preferred account is open, you can then move your Freedom card’s points to your Sapphire Preferred account in order to make them more valuable again.
If I product change and then I’m denied for the Sapphire Preferred, can I product change back?
Yes — most likely. I can’t guarantee that Chase will offer you that product change option, but it is very likely.
What happens to travel booked recently on my Sapphire card for the travel protections? If I product change to a Freedom card, will I keep the travel insurance protections for my trips?
I don’t know. My guess is that your travel protections will be based on the card you have at the time that you file a claim, but I’m not sure.
48 Month Rule Questions
How long has it been since I earned my last Sapphire bonus? I don’t remember.
A rough approach is to check when your account was opened and then estimate that you received the bonus about 3 months later. If you don’t have your own records, you can find out when your account was opened from just about any credit reporting tool. That should give you a good enough timeline. If you don’t know when you opened your card or you need a more precise answer, I recommend calling Chase or sending them a secure message to ask.
It has been more than 48 months since I received a welcome bonus, but less than 48 months since I cancelled my Sapphire Preferred or Sapphire Reserve card. Can I qualify?
Yes. The 48 month rule is specific to the date in which you last received a welcome bonus for the Sapphire Preferred or Sapphire Reserve card. It’s okay if you have recently had one of those cards as long as you no longer have it at the time you apply.
I previously had a Sapphire card, but I never earned a welcome bonus. Can I qualify?
Yes. As long as you don’t currently have a Sapphire card (Sapphire, Sapphire Preferred, or Sapphire Reserve) you can qualify.
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Don’t forget to mention that referrals will be coming in another couple days. So you can refer from spouse, etc. Makes the offer even better!
I opened a Sapphire Preferred card on 12/4/25 under an in-branch offer of 70K UR after $5K spend. I received the bonus on 1/3/25. I understand Chase will often match a better offer. Do you think it’s a possibility/likely that Chase will match this new offer and add 30K UR points to my account? I know it never hurts to ask but is it a waste of time/energy? Thx.
Oops, CSP opened 12/4/24.
My answer to this is always the same: I know for 100% certain that they won’t say yes if you don’t give them an opportunity to say yes (in other words, you certainly get nothing if you don’t ask). If you do ask, you at least give them a chance to match it. I can’t imagine you’ve got much to lose in the 36 seconds it will take to type a secure message and ask, and the potential upside is 30K points, so I definitely recommend you give that a shot!
Are there recent data points on whether Chase combines hard pulls for Business and Personal same-day inquiries?
I honestly don’t know anymore — I don’t expend any energy considering hard pulls these days.
I really hate the name of the bank and the card cannot be mentioned in your email. I know that it is out of your control though.
One question you didn’t answer: I have, and would like to continue having when all is said and done, a Sapphire Reserved card. My current card is well over four years old so, after double-checking my 5/24 status. I should be able to downgrade to a Freedom card.
I would then be able to apply for the new Preferred card (hopefully after it becomes available as a referral from my wife’s existing Preferred card). Now I’d have several Freedom cards (I have some already, plus the downgraded card) and Preferred, but no Sapphire. Can I upgrade one of the Freedom cards to a Reserved, now holding both the Preferred and Reserve?
Great question. I don’t think they would allow that, but I’m not at all sure (after all, they do allow getting multiple Ritz cards in a similar way). I’ll try to find the answer and update it here.
Hi Greg. Something I’ve always wondered about. You wrote: “There usually isn’t a good reason for two people in the household to keep these cards long term, so after a year I recommend that one of you product change to a fee-free Freedom Flex or Freedom Unlimited card.” Chase wrote in its terms one sign of abuse that could get you shut down is “repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards”. I have a lot of Chase cards and try to stay on their good side (for obvious reasons). Is one year before product changing to a fee free card enough? I normally try to pay two annual fees before product changing or cancelling–is that being overly conservative?
My gut tells me that you don’t need to wait that long to product change, but I don’t have any data to prove that one way or the other.
No idea why Chase does not allow current holders of Sapphire Reserve to concurrently have the Sapphire Preferred. Amex allows Platinum and Gold cards to be held concurrently. Do you think that this policy will change any time soon?
I don’t see why it would change. The rule has been around at least as long as CSR has been around. The cards have much more overlapping benefits than the Gold and Plat. There don’t seem to be any general shifts in the marketplace that would favor a change. But you never know!
Different banks have different rules and one isn’t “righter” than the other. Amex has certainly made it impossible to hold different versions of the Platinum card, something that was previously allowed. You might as well say “I don’t know why Chase allows you to get another bonus after 48 months, Amex has a once-a-lifetime rule”.
No I wouldn’t expect this to change. That rule has been in place for quite a while now.
Hi Greg,
I currently have the sapphire preferred card, can I product change to another chase card and then upgrade back to the preferred to receive the bonus offer? I’m out of the 48 month window.
I currently have a Sapphire Preferred under my SSN, but can I apply for another under my business EIN?
It’s not a business card
No. As Fuzzy said, since this isn’t a business card, you can’t apply for it under your business EIN. However, you can apply for one or more Chase Ink cards for your business and then combine the Ultimate Rewards points (except for the Ink Premier which works differently). So check out these options: