Record-high bonus: Earn 100,000 points with the popular Chase Sapphire Preferred for a limited time

Editor’s note: This is a recurring post, regularly updated with new information and offers.

The Chase Sapphire Preferred® Card (see rates and fees) is among the best travel rewards credit cards for beginners. It hits on all fronts: lucrative earning rates, valuable perks and versatile rewards — all for an affordable $95 annual fee.

Limited time offer: Chase Sapphire Preferred — highest-ever 100,000-point bonus after spending $5,000 on purchases within the first three months of account opening.

Along with Bilt Rewards points, Chase Ultimate Rewards points are the most valuable points of any credit card issuer.

Now is the best time to apply for this card, as it’s offering its highest bonus in over three years.

Let’s dive into why you should consider adding the card to your wallet.

Chase Sapphire Preferred current offer

For a limited time, new Chase Sapphire Preferred cardholders can earn 100,000 bonus points after spending $5,000 on purchases within the first three months of account opening.

According to our March 2025 valuations, this offer is worth $2,050.

The current bonus is 40% higher than the regular offer of 60,000 points (no longer available).

We’ve only seen 100,000 points offered once in the past eight years. That was in the second year of the pandemic, when issuers were desperately trying to attract and retain customers.

(Note that the current offer requires an additional $1,000 spending — $5,000 vs. the standard $4,000 in three months.)

If you’ve been considering getting this card, now is the best time to apply to earn a bonus worth over $2,000.

Why you should apply for the Chase Sapphire Preferred

The Sapphire Preferred is well worth opening — and keeping beyond the first year — partly because it is easy to rack up points after you’ve spent the welcome bonus.

The Chase Sapphire Preferred has many generous bonus-earning categories:

• 5 points per dollar spent on travel booked through the Chase Travel℠ portal
• 5 points per dollar spent on Lyft (through September 2027)
• 3 points per dollar spent on dining
• 3 points per dollar spent on select streaming services
• 3 points per dollar spent on online groceries (excluding Target, Walmart and wholesale clubs)
• 2 points per dollar spent on all other travel purchases
• 1 point per dollar spent on all other purchases

And an up to $50 annual hotel statement credit brings the effective annual fee down to a manageable $45.

Cardmembers also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So, if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.

Additionally, Chase Ultimate Rewards can transfer to 14 airline and hotel partners, including valuable programs such as Air Canada Aeroplan, Air France-KLM Flying Blue and World of Hyatt. You can maximize your rewards by booking aspirational business-class tickets or picturesque stays at island resorts for far less than their cash equivalent.

Bottom line

The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market.

No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy-to-maximize perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.

And now is the best time to apply to pick up a record 100,000-point bonus.

Learn more in our full review of the Chase Sapphire Preferred card.

Apply now: Chase Sapphire Preferred