Chase recently announced an exciting limited-time offer for new applicants of the Chase Sapphire Preferred card. For a short period, eligible applicants can earn a whopping 100,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months of account opening. This is the highest welcome bonus ever offered on this popular travel rewards card.
The last time the bonus was raised to 100,000 points was four years ago, so this opportunity is truly rare and valuable. To qualify for the bonus, there are a few conditions to keep in mind. First, the offer is not available to current cardholders of any Sapphire credit card, including the Sapphire Reserve and the no-annual-fee Sapphire.
Second, previous Sapphire cardmembers who received a new member bonus within the last 48 months are also not eligible. It’s good to check your past Chase statements to determine when you last received a Sapphire bonus. Additionally, Chase has a rule known as 5/24, which means if you’ve opened five or more personal credit cards from any issuer in the past 24 months, your application will likely be declined.
100,000-point limited-time offer details
Review your credit report to ensure you fall under this limit. The exact end date of the 100,000-point offer is unknown, but Chase has indicated it will be ending soon.
If you’re interested and eligible, applying as quickly as possible is best to avoid missing out on this valuable opportunity. Some common questions about the offer include whether the $95 annual fee counts toward the $5,000 minimum spend (it doesn’t), and whether being an authorized user on someone else’s Sapphire card disqualifies you from the bonus (it doesn’t). Also, if you applied for the Sapphire Preferred recently when the bonus was lower, around 60,000 points, it’s worth calling Chase to see if they will match you to the 100,000-point offer.
This is not guaranteed, but it has worked for some customers. For those who currently have the Sapphire Preferred and want the new bonus, the best strategy is probably to downgrade the card to a no-annual-fee Chase card like the Freedom Unlimited, wait a couple of weeks, and then apply fresh for the Sapphire Preferred. However, with the offer ending soon, there may not be enough time for this approach.
Overall, the Chase Sapphire Preferred 100,000-point bonus is a highly compelling offer for anyone looking to boost their stash of flexible Ultimate Rewards points. With some strategic planning and a bit of luck, this bonus could fuel your travel dreams for years to come.