Biggest & Best Offer Ever! Earn 100K Points on the Chase Sapphire Preferred!
chase sapphire preferred 100k bonus

Biggest & Best Offer Ever! Earn 100K Points on the Chase Sapphire Preferred!

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Credit card welcome bonus offers don’t get better than this. Chase just rolled out another increased welcome bonus on its already stellar Chase Sapphire Preferred Card: You can now earn 100,000 Chase Ultimate Rewards points after spending $4,000 within three months of card membership.

That’s the biggest offer we’ve ever seen on the Preferred Card – and easily one of the best credit card bonuses we’ve ever seen, period. In just the last few months, we’ve seen the Preferred Card’s bonus go from 60,000 points to 80,000 points and now up to 100,000 points, all for the same $4,000 spending requirement.

This bonus of 100,000 points could easily unlock at least $1,250 in free flights, hotels, and other travel – or perhaps much more by transferring them to Chase’s airline and hotel partners. Read our guide on the best ways to use these 100,000 points for free (or nearly free) travel!

We’ve long considered the Chase Sapphire Preferred Card the best place to get started with points and miles. With this massive bonus and benefits like travel insurance, car rental coverage, and no foreign transaction fees, it’s clearly the best travel rewards card on the market right now. And with a low annual fee of $95, it’s an approachable card that could quickly become a mainstay in every traveler’s wallet.

 

Chase sapphire preferred 80k bonus

 

Click Here to get more information about the Chase Sapphire Preferred Card.

 

Breaking Down the New 100K Point Chase Sapphire Preferred Offer

You’ll get 100,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months of card membership. And that’s huge.

That bonus alone is worth at least $1,250 toward travel or certain everyday purchases when you redeem the points through the Chase Ultimate Rewards travel portal or use the Chase Pay Yourself Back feature. It’s almost double the standard 60,000-point bonus.

Considering the card only has an annual fee of $95, you’ll come out way ahead in your first year of card membership. With this bigger bonus, Chase has eliminated a $50 grocery credit that was available to new applicants in recent months. But if you ask us, that’s more than a fair trade-off.

There’s never been a better time to apply for this card if you’ve been considering it. And really, there’s no better bonus available at such a reasonable price. 

 

Chase Sapphire Preferred Card

 

What if You Applied for an 80K Bonus?

For the second time in late March, Chase launched an 80,000-point bonus on the Preferred Card while also increasing the bonus on the Chase Sapphire Reserve to 60,000 points. But instead of ending those bonuses (as was initially rumored), they’re adding another 20,000 points.

So there are plenty of understandably frustrated travelers out there who applied for what was, at the time, the best-ever offer of 80,000 points only to see an even bigger bonus weeks later. If you applied earlier and hope Chase will honor this higher bonus, we’ve got bad news – but it’s not the end of the story just yet.

We’ve already heard from a handful of readers who recently opened the Chase Sapphire Preferred and were quickly rebuffed by Chase after calling to see if they could get the new, 100,000-point bonus. That was true for both cardholders who had already earned the 80,000-point bonus and those who had opened the card but not yet earned the bonus.

But this is all still new. Chase could reconsider. Plus, we often see it takes a few days or even weeks for Chase customer service agents to get the correct marching orders. Similarly, it always takes a week or two for personal referral links to update with new, higher bonuses.

So reach out to Chase and ask them to honor this new, higher bonus. If they say no, give it a while and try again.

 

Using 100k Chase Ultimate Rewards Points

Use Points to Book Travel Direct with Chase

When you redeem your points through the Chase Ultimate Rewards portal, each point is worth 1.25 cents with the Sapphire Preferred Card. It’s one of the easiest ways to use points to book travel – and one of the few ways to book travel that’s completely free, as you won’t pay additional taxes and fees.

With a 100,000-point bonus, that’s at least $1,250 in flights, hotels, cruises, and more. The 60,000 point bonus on the Sapphire Reserve will be worth $900 towards travel.

Paring the Chase travel portal with our Thrifty Traveler Premium flight deal alert service is an amazing way to double down on a cheap flight. The cheaper the flight, the fewer points you will need to book.

Read up on how to book flight deals through the Chase travel portal.

 

Transfer Ultimate Rewards Points to Travel Partners

If you want to get even more value out of your points, you can transfer them to one of Chase’s 13 travel partners. Every Chase Ultimate Rewards point you transfer gets you 1 point in any of the hotel or airline programs. So 100,000 Ultimate Rewards points equal 100,000 World of Hyatt points, 100,000 United Miles, or even 100,000 Southwest Airlines Rapid Rewards points.

There is no multiplier for holding the Sapphire Reserve versus the Preferred Card. Each point is worth the same amount when you transfer them.

Chase Ultimate Rewards Transfer Partners

ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
EmiratesAirline1:1Instant
Iberia PlusAirline1:1Instant
JetBlueAirline1:1Instant
Singapore AirAirline1:112-24 hours
Southwest AirlinesAirline1:1Instant
United AirlinesAirline1:1Instant
Virgin AtlanticAirline1:1Instant
World of HyattHotel1:1Instant
IHGHotel1:11 day
Marriott RewardsHotel1:12 days

Using Chase’s transfer partners is the best way to book bucket list travel, including business and first-class flights for pennies on the dollar.

Read more: How to Transfer Chase Ultimate Rewards Points to Partner Airlines

 

Earn Bonus Points for Certain Purchases

On top of this biggest ever welcome bonus, everything else on the Chase Sapphire Preferred Card is staying much the same.

For starters, you will earn 2x points per dollar spent on all travel and dining purchases and 1 point per dollar on all other spending. You’ll also earn 5x points per dollar spent on Lyft rides through March 2022.

With the Chase Sapphire Reserve, you will earn 3x points per dollar spent on all travel and dining purchases and 1 point per dollar on all other spending. You’ll also earn 10x points per dollar spent on Lyft rides through March 2022.

 

Use Chase Points to Pay Yourself Back for Everyday Purchases

With travel mostly on pause last year, Chase rolled out the ability to use points for everyday purchases at grocery stores, home improvement stores, restaurants, and even Target purchases. And while the benefit is listed as ending on Sept. 30, Chase has since confirmed that this benefit will become permanent, with rotating categories eligible for the benefit.

It’s called Pay Yourself Back, and when you use your points this way, they will have the same value as they do through the Chase Ultimate Rewards travel portal. Each point is worth 1.25 cents if you hold the Preferred, so 100,000 points are worth $1,250 on your everyday expenses.

 

Travel Insurance Benefits

Both Sapphire Cards also include primary rental car insurance. That means when you charge your car rental to the Chase Sapphire Preferred card, you are able to decline the insurance from the rental company and be covered up to $75,000 for theft and/or collision damage.

The card also offers Trip Cancellation and Trip Interruption Insurance. So if your trip is cut short or interrupted by sickness and/or severe weather, you will be reimbursed for pre-paid, non-refundable travel expenses (airfare, tours, etc.) up to $10,000 per trip. This is available to the cardholder, traveling companion, or immediate family member when you pay for the trip with the Sapphire Preferred Card.

You’ll also get baggage delay coverage. If your checked baggage is delayed by more than six hours, you will be reimbursed $100 per day for up to five days for essential purchases (clothing, toiletries, etc.)

Read more about the travel insurance benefits offered at Chase’s website.

 

$60 in Statement Credits for Peloton

If you’ve got a Peloton at home – or bike along to the classes in the Peloton app – this perk will cover the cost of the card in the first year.

Last October, Chase added $60 in statement credits to the Sapphire Preferred Card for Peloton membership. Reserve cardholders get double that, $120.

You can use these credits on Peloton Digital or Peloton All-Access memberships all the way through Dec. 31, 2021.

If you’ve got a Peloton bike or treadmill at home, you can use these credits to get a free month (and then some) of a full Peloton membership or more than four months of free Peloton Digital. Both cards will also get you a free one-month trial of Peloton Digital for at-home workouts.

 

chase sapphire preferred 80k bonus

 

You can register to get started at OnePeloton.com/ChaseSapphire.

If you’re already set up at home and paying for a membership, it could get a bit more complicated. First things first, you’ll need to log into your Peloton account and check to see if your subscription shows up there. If not, that means you likely signed up through a third party like the Apple Store. You’ll need to switch by signing up directly through Peloton for these credits to kick in – and put your payment on your Chase Sapphire card, of course.

Read more: Chase Adds Peloton Membership Credit to the Sapphire Cards

 

What About the Chase Sapphire Reserve?

For years, the Preferred Card has sat in the shadows of its premium sibling, the Chase Sapphire Reserve. But has that changed?

With the Chase Sapphire Reserve, you’ll earn 60,000 points after spending $4,000 in the first three months. That’s up from the standard bonus of 50,000 points, and the first enhanced bonus we’ve seen since the card launched with a massive 100,000-point bonus back in 2016.

While you’ll get a smaller bonus upfront than with the Preferred Card, those points are worth more: Points on the Reserve are worth 1.5 cents apiece when you redeem them through the Chase travel portal.

 

chase sapphire reserve

 

But the real value of the Reserve card is its premium travel benefits. Chase Sapphire Reserve cardholders get a complimentary Priority Pass lounge membership – unlocking the doors to thousands of airport lounges around the world for the cardholder and up to two guests. You’ll also get a $100 credit towards applying for Global Entry or TSA PreCheck, which will cover the entire cost of either program.

Perhaps the best benefit of the Sapphire Reserve is the annual $300 travel credit. This takes a huge bite out of the card’s large $550 annual fee.

But still, with this new bonus on the Chase Sapphire Preferred, it makes little sense to start with the Reserve right now. You’ll earn 40,000 more points with the Preferred Card and you can ultimately upgrade your card to the Reserve after your first year with the Preferred. By doing so, your big 100,000 point bonus will also be worth more.

Read More: Chase Sapphire Preferred vs Reserve: 4 Reasons to Pick Up the Preferred. 

 

chase sapphire reserve card

 

Click Here to get more information about the Chase Sapphire Reserve. 

 

Before You Apply: Consider This First

First things first: You shouldn’t open either card (or any credit card) if you can’t do so without getting into debt. We are huge advocates of financial responsibility. If you can’t spend $4,000 in three months without paying the bill in full, you should pass on these offers.

All set and thinking about applying for this huge new offer on the Chase Sapphire Preferred Card? There are a few things you’ll need to be aware of first.

First, if you already have the Chase Sapphire Reserve or you have earned a sign-up bonus on either the Chase Sapphire Reserve or Chase Sapphire Preferred Card within the last 48 months (four years), you will not be eligible to earn the bonus.

And if you have applied for and been approved for five or more credit cards in the last 24 months – from any bank, not just Chase – you also will not be approved for this new offer, either. It’s called the Chase 5/24 rule and it’s something you will want to be familiar with before applying.

While applying for five or more credit cards might sound insane, it just makes it important to prioritize Chase credit cards over their competitors. And there’s no better place to start than with the Chase Sapphire Preferred Card. And with this biggest ever offer on the card, that’s more true now than ever.

 

Chase sapphire preferred 80k bonus 

 

Click Here to get more information about the Chase Sapphire Preferred Card.

 

Our Analysis

We can’t overstate this: Not only is this the biggest and best offer we have ever seen on the Sapphire Preferred Card, but it is also the best welcome bonus offer we have ever seen on any credit card, period. You can easily pull at least $1,250 in value out of the bonus alone. And with a low annual fee of only $95, it isn’t hard to come out far, far ahead.

The Chase Sapphire Preferred Card has long been one of the best cards in the world of points and miles – especially for beginners. Today, that’s indisputably true.

The current 100,000-point welcome bonus is an increase from its previous bonus of 80,000 points, which was an increase from the standard 60,000 points and the highest-ever publicly available bonus we’ve seen on the Chase Sapphire Preferred. There’s no telling how long this bigger bonus will be available. But Chase has indicated it will only be available for a limited time. So don’t wait if you are thinking about taking advantage.

So what do 100,000 points really mean? For starters, that’s a ton of free travel.

With that bonus, you could book a trip for two to Hawaii – and still have tons of points left over. This bonus could even get you a round trip business class seat in the amazing Delta One suites to Europe.

 

chase sapphire preferred 80k bonus

 

Add in the different perks you get with the card, and this card will be easily worth the $95 annual fee for almost any traveler.

 

Bottom Line

Run. Don’t walk. There is simply no better card to dip your toe into the world of points and miles and get some incredible free travel than the Chase Sapphire Preferred Card. Even with the standard 60,000 point bonus, the Chase Sapphire Preferred Card was tough to beat. With 100,000 points on the table, it was unbeatable. It’s easily the best welcome bonus offer we have ever seen – on any credit card.

But these bonuses won’t last forever. Chase has indicated this offer will only be available for a limited time. So if you are thinking about applying for either Sapphire Card, don’t wait!

 

Chase sapphire preferred 80k bonus 

 

Click Here to get more information about the Chase Sapphire Preferred Card. 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

13 Responses

  • I called Chase today and they will not allow me to get the new promo. I have only had my card for about a month. The new promo specifically states that it is valid only for applications submitted by Sept. 13. I was hoping that if you could let your subscribers know if they get enough complaints that they will review this policy.

    • Hi Kathleen, I would hold tight for a few days (or up to a week) and try again. This is typical with banks – sometimes it takes a few days for the correct policy to filter out. We hope and have faith that Chase will ultimately honor this new 80K bonus for recent applicants.

  • I received my bonus for Chase Sapphire Reserve on January 3rd 2017, therefore I was thinking that I can apply now, meet my spend after January 3rd 2021 and receive the bonus, but Chase told me that I won’t qualify for the bonus. So I have to wait until January 4th, 2021 to apply, hope that this offer will be available then.

  • If i am not sure about exact 48 months since last bonus received (could be anywhere from 36 to 50 months), and if i apply, will i be approved of card if less than 48 months or will be auto-rejected if less than 48 months? Please confirm.

    Any chance i would be approved if less than 48 months since last bonus (2/24 for cards applied) but not get bonus despite approved since it has not been 48 months?

    Please reply ASAP

    • To my knowledge, you wouldn’t be approved. I would suggest calling Chase to see if they can give you more information about when you last earned a UR points bonus.

  • Just tried giving Chase a call to see if they would honor the bonus considering we JUST received our card (yesterday) a month after applying. They won’t budge right now, but fingers crossed that they review the policy!

    • Similar situation as me… applied a week or so ago and it wasn’t approved until the day the new 100K offer was public. They said I wasn’t eligible for the 100K offer… so we’ll try again later as well.

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