Chase has announced a limited-time offer on its popular Sapphire Preferred® credit card, providing new cardholders with an all-time high welcome bonus. Applicants approved during the promotion can earn 100,000 bonus points after spending $5,000 on purchases within the first three months. This rare offer matches the highest bonus ever offered by the card, which was last seen in 2021.
Compared to the standard bonus of 60,000 points after $4,000 in spending, this new offer requires an additional $1,000 in purchases but delivers a significant 40,000-point boost. Based on estimates from Bankrate, the points are valued at approximately 2 cents each, translating to a potential $2,000 in rewards when redeemed strategically. Cardholders can further enhance point value by redeeming through Chase Travel℠ — which provides a 25% points boost — or transferring points to Chase’s wide range of travel partners for even greater value.
Ideal for Travel Enthusiasts and Everyday Spenders
The Chase Sapphire Preferred continues to rank among the top travel rewards cards, especially for those planning upcoming trips. With a $95 annual fee, the card offers a compelling return through generous rewards categories, including 3X points on dining, select streaming services, and online grocery orders (excluding Walmart, Target, and wholesale clubs). These bonus categories help users maximize points quickly.
Cardholders like Courtney Mihocik, a senior credit card editor at Bankrate, highlight the practical advantages of the card for everyday use. “I’m the champion of online grocery orders,” she said. “I have it linked to my Kroger and Instacart accounts. When I don’t have time to go to the store, I just order online and rack up extra points. I’ve already collected enough to plan some free flights this summer.”
The card is especially suited for travelers seeking to lower expenses through rewards and for beginners entering the travel credit card space. The combination of a lucrative welcome bonus and accessible rewards structure makes it an appealing option for a wide range of users.
Know the Rules Before You Apply
Despite the appeal of this limited-time offer, applicants must be mindful of Chase’s strict eligibility requirements. One key rule is the “5/24 rule,” which disqualifies individuals who have opened five or more credit cards in the past 24 months — regardless of the card issuer. Additionally, those who currently hold the Chase Sapphire Reserve® are ineligible, as Chase sapphire preferred only permits one Sapphire-branded product per customer at a time.
Moreover, the elevated welcome bonus is unavailable to individuals who have received a new cardholder offer from any Sapphire card within the last 48 months. These restrictions make it essential for potential applicants to assess their qualification status before applying.
In conclusion, the Chase Sapphire Preferred’s limited-time bonus represents an exceptional opportunity for travelers and rewards enthusiasts alike. With its highest-ever sign-up bonus and robust earning categories, the card offers substantial value — but only for those who meet the eligibility criteria and apply before the offer expires.
