Stop what you're doing! Chase just rolled out one of the biggest, limited-time offers we've ever seen on its popular *chase sapphire preferred*: You can currently earn 100,000 bonus points after $5,000 in purchases in your first three months from account opening.
If we sound excited shocked, it's because we are. This is the first time we've seen a 100,000-point bonus on one of our favorite travel cards since way back in 2021 – and honestly, we were sure we'd never see it again. Considering the standard bonus on this card is just 60,000 points (with a slightly lower spending requirement), we're more than happy to be wrong!
Already have a Sapphire card in your wallet? With a little bit of legwork, you might still be eligible to earn this big bonus again!
Simply put, this is one of the biggest and best welcome bonus offers ever – and not just on the Preferred Card, but on any travel credit card, period. Earning 100,000 points on a card with just a $95 annual fee is absolutely unbeatable. We don't know how long this bigger bonus will be available … but don't wait around: It likely won't last long!
Learn more about the *csp*.
Considering you can easily redeem Chase Ultimate Rewards through Chase Travel℠ at a rate of 1.25 cents per point, this bonus is worth a bare minimum of $1,250 towards travel! But you can squeeze far, far more value out of those points by sending them to Chase's excellent airline and hotel transfer partners.
Beyond that big bonus, the Sapphire Preferred is a keeper for travelers new and old thanks to solid spending categories to earn more points on dining and travel – plus, some of the best built-in travel insurance you'll find on any travel card. There's even an annual $50 hotel credit when you book through Chase Travel℠, making it even easier to offset the card's modest $95 annual fee.
Just keep in mind: Credit cards are serious business. Adding a new card to your wallet just for the big bonus isn't worth it if you can't afford to pay off every dime in spending it takes to earn those points.
But if you're eligible and can do so responsibly, this is a massive opportunity. Keep reading for everything you'll want to know.
Chase Sapphire Preferred® Card Benefits Overview
- Welcome Offer Bonus: bonus_miles_full
- Earn 5x total points on travel purchased through the Chase Travel℠ portal, excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit.
- Earn 3x points per dollar spent on dining (including eligible delivery services), online grocery purchases (excluding Target, Walmart, and wholesale clubs), and select streaming services
- Earn 2x points per dollar spent on travel purchases
- Earn 1x points on all other purchases
- Earn up to $50 in statement credits each year for hotel stays booked through Chase Travel℠
- 10% Annual Points Bonus: Receive a 10% points bonus on your total spending during the account anniversary year – 1 point for every $10 spent.
- Travel Protections: Trip Cancellation & Interruption Coverage, Baggage Delay and Lost Luggage Coverage, Primary Rental Car Insurance
- Foreign Transaction Fees: None
- Annual Fee: $95, which is not waived for the first year
Read our full review of the Chase Sapphire Preferred!
Learn more about the *csp*.
Just How Good is This Bonus?
Unbelievably good. At the risk of sounding dramatic, this is a “can't miss” credit card bonus. If you're eligible – and you just might be, even if you've had the card before (or still have it) – this big bonus is one you should to take advantage of while you can.
In normal times, you'll get just a 60,000-point bonus on the Preferred Card. Chase has upped the ante a few times over the years with bonuses of 75,000 or 80,000 points.
But Chase has gone up to this 100,000-point benchmark just once, way back in 2021. And that was a different time: Banks like Chase were desperate to bring in new cardholders who were still tuned out of travel due to the pandemic. A record-setting bonus of 100,000 points was an easy way to pile people in.
Now, the bank is running it back. We're not sure how long this massive bonus offer will stick around … but it likely won't last long.
Not into travel? Well, that's a shame … but this offer is still worth your attention. Since Chase Ultimate Rewards are worth 1 cent each when redeemed for a statement credit or transferred to a bank account, this bonus is worth $1,000 in cold hard cash. You'll be hard-pressed to find a better cashback bonus than that!
While the card's $5,000 spending requirement in three months is no small sum, there are some creative ways to hit that amount without spending irresponsibly. Consider using it to pay your taxes, pre-pay insurance and utilities, or even add an authorized user to double your purchasing power.
What Can You Do With 100K Points?
The beauty of Chase points is just how valuable – and flexible – they are. So, what can 100,000 points get you? In two words: A lot.
Those points are worth a minimum of $1,250 toward flights, hotels, and other travel expenses booked through Chase Travel. But you can easily do even better by leveraging Chase's transfer partners and sending those points to airlines like Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Avios, or even a top-notch hotel partner like Hyatt instead.
Here's a quick list of some of our favorite ways to use this bonus.
This list is just the start! Read our full guide on the best ways to redeem a big Chase bonus!
Take a Flight Deal & Make it Free
One of our favorite ways to use any frequent flyer points is booking the cheap domestic or international flight deals you find via Google Flights or with a Thrifty Traveler Premium subscription. And the absolute best way to book them is with Chase Ultimate Rewards points.
That’s because with the Sapphire Preferred Card every point is worth 1.25 cents toward travel when you use them in the Chase Travel Portal. That's why we say the 100,000-point bonus is worth at least $1,250 toward flights, hotels, or other travel.
As an example, here’s a recent deal we sent to our Thrifty Traveler Premium subscribers for flights to beautiful Banff National Park in Alberta, Canada. You could fly to Calgary (YYC), just an hour away, for under $200 roundtrip this coming spring and summer – peak travel season!
Booking this flight with bonus points from your Chase Sapphire Preferred? It would cost you less than 13,000 points.
Booking flights directly through the Chase travel portal is one of the easiest ways to redeem points for travel, period. You'll even earn miles when you take your free flight! Best of all, you can book flights on almost any airline using this method.
Read more: How to Book Flights Through the Chase Travel Portal
5 Roundtrip Tickets to Hawaii
It's tough to top a trip to Canada in the summer … but the Hawaiian Islands are up to the task. You can book five round-trip tickets to Honolulu (HNL) with a big Chase bonus like this. So much for Hawaii being an expensive place to get to, right?
This is where turning to Chase transfer partners really shines, as you have several options to book round-trip flights to the Hawaiian islands for about 30,000 points each – or much less.
If you time it right, you can get to Hawaii for under 20,000 Southwest Rapid Rewards points, as with this round-trip flight from Los Angeles (LAX) to Honolulu (HNL). And because Chase points transfer to Southwest on a 1:1 basis, 19,000 Chase points is all you need.
Even though Southwest recently moved to dynamic award pricing, converting your Ultimate Rewards into Rapid Rewards can still make sense … and this is a prime example. Rather than paying $334 apiece, you could turn to the Chase Travel portal and book for 27,000 Chase points per ticket.
But by taking an extra step and first moving your points to Southwest, you can save nearly 8,000 points per ticket and get 1.7 cents per point in value – far better than what the portal offers.
Read more on our favorite ways to get to Hawaii using points!
A Roundtrip for 3 to Europe – Or 2 in Business Class (Maybe?)
This 100,000-point bonus can be enough to get three people to Europe and back … or fly solo in style.
The trick is turning to Iberia, a Spanish airline and yet another Chase transfer partner. Using Iberia, you can fly from Boston (BOS), New York City-JFK (JFK), Washington, D.C.-Dulles (IAD), or Chicago-O'Hare to Madrid (Madrid) for as low as 34,000 miles roundtrip. Since Chase points typically transfer to Iberia on a 1:1 basis, you'd have enough to cover three roundtrip flights to Europe after completing the $5,000 spending requirement.
Or you could splurge for this:
That's right: 100,000 Chase points is more than enough for two one-way flights (or one roundtrip) to Europe in Iberia business class. It costs just 34,000 miles each way – or 68,000 miles roundtrip! That's a fraction of what most other airlines charge to fly business class to Europe.
But if you time it right, you might be able to multiply your points by taking advantage of a transfer bonus. Chase regularly offers a big bonus on transfers to Iberia – as well as British Airways and Aer Lingus. By taking advantage of a 30% transfer bonus, your 105,000 Chase points would be enough for two roundtrip flights to Europe … in business class!
Considering these business class flights typically cost $4,000 or more when paying cash, it's a phenomenal way to use those Chase points. And with a Thrifty Traveler Premium alert like this one, it's fairly easy to book as long as you have the points.
Read our step-by-step guide on how to book Iberia business class!
Book Free Hotel Nights with Hyatt
It's not just flights. You can also book hotels using this 100,000-point bonus. And with Chase points, you've got an ace in the hole: Hyatt.
With free nights starting as low as just 3,500 points per night, World of Hyatt is arguably the most valuable hotel loyalty program. Since Chase points transfer to Hyatt 1:1, you've got a whole bunch of them at your disposal.
So with 105,000 points in hand (after meeting the minimum spending requirement), you could:
- Cover up to 30 nights (a whole month!) at the cheapest Hyatt properties!
- Book up to four free nights at the new, all-inclusive Secrets Tulum Resort & Spa.
- Get up to five free nights at the Park Hyatt Zanzibar. Better yet, some of Hyatt's top-tier hotels, like the Park Hyatt Siem Reap in Cambodia, are bookable from just 12,000 points per night. You'd have enough for eight nights here with this bonus!
Read More: Why Hyatt is the Best Hotel Rewards Program
Score a Business Class Suite to Tokyo
This isn't just business class. It's ANA's The Room business class. And you can book your trip to Japan flying this with Chase points.
All Nippon Airways (ANA) might not be a Chase transfer partner, but Virgin Atlantic is … and even after a recent devaluation, this is still one of the cheapest ways to fly in style. You can fly from the western U.S. to Tokyo and back for just 105,000 Virgin Atlantic points or 120,000 points from Chicago-O’Hare (ORD) or East Coast cities. One-ways are half the price.
If you time it right with one of the frequent transfer bonuses from Chase to Virgin, like the massive 30% bonus offered a few months back, you'll have more than enough points for a roundtrip to Tokyo in business class … no matter where you're starting from.
Just be warned: Finding the award availability to actually book these seats with points
Emirates First Class
We saved the best for last. You can scratch Emirates First Class – complete with an onboard bar and a shower at 38,000 feet – off your bucket list with this bonus alone.
The trick is choosing the right route. While you can, of course, fly one of the airline's many routes between North America and Dubai (DXB), that'll cost you close to 150,000 points or more each way … plus $800 or more in taxes and fees.
Instead, check out the airline's funky fifth-freedom routes to Europe – especially between New York City (JFK) and Milan (MXP), where the airline operates one of its signature, double-decker Airbus A380s. First Class on that route will set you back just 102,000 Emirates Skywards miles and $100 or so in taxes and fees.
After spending the $5,000 it takes to earn this big 100,000-point bonus, you'll have at least 105,000 Chase points at your disposal. Send 102,000 points straight to Emirates and book one of the best experiences in commercial aviation.
Thrifty Tip: To really maximize your first Emirates experience, book the flight home from Italy in first class rather than the way from New York to Milan. The flight back to the states is slightly longer and departs during the day (instead of overnight), giving you more time to enjoy it all.
Are You Eligible for the Chase Sapphire Preferred?
Before applying for either card, you should consider a few things to give yourself the best chance of being approved.
You’ll Need Good-to-Excellent Credit
The first thing you’ll need to consider before applying for the Chase Sapphire Preferred is your credit score.
Chase indicates that you must fall into the “Good” to “Excellent” credit buckets to be approved. As you can see, that means you’d probably need at least a 680 credit score to get approved.
But this isn't a hard-and-fast rule. There are certainly exceptions – especially if you have a history with Chase. But your best bet for getting approved is having what the bank deems “good” to “excellent” credit. If your credit score is below 680, your odds of getting approved aren't great.
Read more: What Credit Score Do You Need for the Chase Sapphire Preferred?
The Chase 5/24 Rule
The next thing you’ll need to be aware of is something called the Chase 5/24 Rule. And it can be a killer.
The Chase 5/24 rule is a restriction rolled out years ago in order to limit card applicants from opening credit cards for the sole purpose of earning the bonus rewards.
Here’s what it boils down to:
- If you have opened five or more credit cards in the past 24 months from any bank (not just Chase), you will not be approved for Chase credit cards, regardless of your credit score or history with Chase Bank.
- The rule does not count credit inquiries, but rather card products you have applied for and been approved for. That also means mortgages and other lines of credit don’t count.
The rule is not officially published through any of Chase’s platforms. Case in point: If you ask about it in a Chase branch or on the phone with a Chase customer service representative, employees have likely not heard of it.
There have been some signs lately that Chase is relaxing this rule, but it's still hit or miss. Still, your best chance at getting the Sapphire Preferred Card is by being under that all-important 5/24 count.
Have You Earned a Chase Sapphire Bonus Previously?
It’s not just the number of cards you’ve opened that could be a factor. Specific cards could rule you out from earning this bonus, too.
Chase does not allow you to hold the Chase Sapphire Preferred Card and the Chase Sapphire Reserve simultaneously. That means if you currently have the Sapphire Reserve in your wallet, you won't be eligible for this bonus.
Additionally, you will not be eligible if you earned a sign-up bonus on either the Chase Sapphire Preferred or Reserve in the last 48 months: four full years!
The four-year restriction starts from the date you earned the bonus points – not the date that you opened or closed either card. Still, that opens a window for travelers who've previously had the card to earn one of these bonuses.
If you previously had a Sapphire Card but downgraded it to one of the Freedom cards or closed your account long ago, you can still apply for this new bonus. Just keep in mind that when you reapply for a new Sapphire Card, you’ll still need to be under the Chase 5/24 rule and have a credit score high enough to get approved.
Read more: Master Guide to Credit Card Applications: All the Rules You Need to Know, Bank by Bank.
Bottom Line
Chase just rolled out one of the best, limited-time bonus offers we've ever seen on the popular *chase sapphire preferred*.
You can earn 100,000 points after spending $5,000 on purchases in the first three months. Those points are worth a minimum of $1,250 when redeemed through Chase Travel, but you can likely do far better with some of the examples we outlined above.
There's no telling exactly how long this offer will last, but we wouldn't wait around to find out. This offer is as close to “too good to be true” as it gets!
Learn more about the *chase sapphire preferred*
