Huge: Chase Sapphire Preferred 100K Bonus Points Offer

Link: Apply now for the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is regarded as one of the most lucrative credit cards out there. We’ve just seen an excellent new welcome offer rolled out on this card, which I’d consider to be in line with the best offers that we’ve seen. If eligible, this is an ideal time to apply for the card.

Chase Sapphire Preferred improved bonus details

The Chase Sapphire Preferred has a new welcome offer where you can earn 100,000 Ultimate Rewards points after spending $5,000 within the first three months.

Assuming you have this card, Ultimate Rewards points can be redeemed for a minimum of 1.25 cents each toward travel through the Chase Travel Portal, meaning 100,000 points will get you at least $1,250 in travel. However, thanks to the other ways to redeem them, I value Ultimate Rewards points at 1.7 cents each, so to me, those points are worth $1,700.

As a point of comparison, the card previously offered a bonus of up to 60,000 points, so this is a lot better.

Who is eligible for the Chase Sapphire Preferred bonus?

You can be approved for the Chase Sapphire Preferred if:

• You don’t currently have a Chase Sapphire card (Preferred or Reserve)
• You haven’t received a new cardmember bonus on a Chase Sapphire card (Preferred or Reserve) in the past 48 months

Note that this is based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule (though there are increasingly reports of people being approved in spite of being over the 5/24 limit).

See this post for more details on eligibility requirements for the Sapphire Preferred.

Why the Chase Sapphire Preferred is worth it

The $95 annual fee Chase Sapphire Preferred is one of the most well-rounded mid-range cards out there. The card has the following perks, among other things:

• The Sapphire Preferred has an amazing rewards structure — earn 5x points on travel booked through the Chase Travel Portal, 3x points on dining, streaming services, and online grocery store purchases (excluding Target, Walmart, and wholesale clubs), 2x points on travel purchases, and 1x points on all other purchases
• The Sapphire Preferred has great travel protection, including for delayed flights, lost bags, rental cars, and more
• The Sapphire Preferred acts as a good “hub” card for Chase Ultimate Rewards, and lets you maximize the other cards in the portfolio
• The Sapphire Preferred offers flexible points that can be transferred to a Chase Ultimate Rewards airline or hotel partner, or can be redeemed at 1.25 cents each toward a travel purchase
• The Sapphire Preferred offers a $50 hotel credit every cardmember year, usable through the Chase Travel Portal

Read a full review of the Chase Sapphire Preferred here.

Bottom line

The Chase Sapphire Preferred is offering a welcome bonus of 100,000 Ultimate Rewards upon completing minimum spending. This great bonus will get you at least $1,250 worth of travel, though potentially much more than that, thanks to Chase’s travel partners.

In my opinion this is the most well-rounded mid-range credit card out there, and this is the perfect time to apply, as offers on the card don’t get better than this.

Do you plan on picking up the Chase Sapphire Preferred with 100K bonus points?