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According to some reports, the Chase Sapphire Preferred Card welcome bonus of 100K points is ending. According to TPG, a Chase spokesperson confirmed that the Chase Sapphire Preferred Card will offer 100K points as a welcome bonus today (Wednesday October 6, 2002). Now is the best time to apply if you don't have the card.
We are seeing the best bonus ever on one of the most well-respected travel rewards credit card cards, but it has also been subject to major positive changes that make it even more attractive.
Chase Sapphire Preferred offers 100,000 points
The Chase Sapphire Preferred offers the most generous publicly available bonus on any card. After spending $4,000 in three months, you can get a 100,000 Ultimate Rewards point bonus. The card previously offered a record bonus bonus of 80,000 points. Prior to that, we had a bonus bonus of 60,000 points.
The largest bonus ever Earn 100,000 Bonus Points Chase Sapphire Prive Card Apply Now
Ultimate Rewards points can only be redeemed for travel at a minimum of 1.25c each. 100,000 Ultimate Rewards points will earn you at least $1250 in travel. Because of the many ways you can redeem Ultimate Rewards points, I personally value them at 1.7c each, so this bonus is worth $1,700.
With 100,000 Ultimate Rewards points, you can book a lot of amazing travel!
Who is eligible to receive the Chase Sapphire Preferred bonus
Chase Sapphire Preferred can be approved if you:
You don't currently hold a Chase Sapphire (Preferred or Reserve).
In the last 48 months, you have not received a Chase Sapphire Reserve or Preferred cardmember bonus.
This is determined by whether you are the primary cardmember of one of these cards. If you are currently an authorized user (or were one in the past), then you would be eligible. Keep in mind the general rules for applying for Chase cards, such as the 5/24 rule. For more information on the eligibility requirements for Sapphire Preferred, see this post.
Be aware of the limitations on Chase cards approval
The Chase Sapphire Preferred is worth the investment
Chase Sapphire Preferred, which costs $95 annually, is one of the best mid-range cards available. This card has received a revamp that makes it even more appealing.
The Sapphire Preferred offers amazing rewards. You can earn 5x points for travel booked through Chase Travel Portal, 3x on dining, streaming and online grocery store purchases (excluding Target, Walmart and wholesale clubs), 2x on travel purchases and 1x on all other purchases
The Sapphire Preferred offers great protection for travel including delayed travel, lost bags and car rentals.
The Sapphire Preferred is a great hub card for Chase Ultimate Reward and allows you to maximize other cards in your portfolio.
Flexible points can be used to transfer your Sapphire Preferred points to Chase Ultimate Rewards airlines or hotels partners, or for travel purchases at 1.25 cents per.
The Sapphire Preferred cardmembers receive a $50 hotel credit each year through Chase Travel Portal
You can read a complete review of the Chase Sapphire Preferred right here.
Get 3x points when you dine with the Sapphire Preferred
Bottom line
Chase Sapphire Preferred offers a 100,000 Ultimate Rewards point welcome bonus. This is the most generous welcome bonus we have ever seen for this card and one of the highest publicly available. This will give you at least $1,250 toward travel. However, you can get more value with Chase's transfer partners.
The card also received a refresh. This makes it more rewarding and makes it the best mid-range credit card.
Chase Sapphire Preferred is not available yet, so you should apply for it while you can.
