Last Chance: Chase Sapphire Preferred Card 100,000-Point Bonus Is Available Online, but Only for a Limited Time

• Written by Jasmin Baron
  

  Jasmin Baron

  Credit Cards, Travel Rewards, Loyalty Programs, Family Travel, Credit Building, Credit Scores

  Jasmin Baron is CardCritics’ senior SEO editor, responsible for editing and writing credit cards, travel rewards, loyalty program, and other credit-related content. She is passionate about personal finance education and enjoys sharing tips and tricks for making the most credit card points and miles with her readers. Her expertise in maximizing credit card travel rewards originated from over two decades of aviation industry experience, including 18 years working as a pilot and college professor/flight instructor in her native Canada. Her work has appeared on sites such as CNN Underscored Money, Business Insider, The Points Guy, and point.me. When she’s not planning her next trip with credit card rewards, you’ll probably find her tinkering around in the kitchen, hanging out with her three kids, or playing with her dog, Benji.

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• Last Updated May 15, 2025

Update: The information below was correct at the time of publishing, but one or more offers are no longer available. Please read our  Chase Sapphire Preferred review for up-to-date information.

The Sapphire Preferred Card is offering an elevated welcome bonus of 100,000 points after you spend $5,000 on purchases in the first three months of account opening. That matches the highest public bonus we’ve seen for the card, and is almost double the standard offer.

With 100,000 Chase Ultimate Rewards® points, you can get $1,250 in flights, hotels, rental cars, and activities when you redeem through Chase Travel℠. And it’s possible to get even more value if you transfer your points to Chase’s airline and hotel partners, which include United Airlines, Southwest and Hyatt. 

If you’ve been thinking about opening a travel credit card, this limited-time bonus could be just your ticket to unlocking a cheap vacation or bucket-list trip. But it’s your last chance to apply, because this offer is ending very soon. Let’s dig into the new Sapphire Preferred Card offer to help you decide if it’s the best pick for your wallet.

Sapphire Preferred Card 100,000-Point Offer at a Glance

Elevated Chase credit card offers come and go, but we haven’t seen a 100,000-point offer on the Sapphire Preferred Card in a few years. Usually, the card offers 60,000 points after spending $4,000 on purchases in the first three months, so this bonus is 40,000 points higher (albeit with a minimum spending requirement that’s $1,000 more within the same timeframe).

This is a rare opportunity, because Chase points are extremely valuable and versatile. For example, with 100,000 Chase points, you could get:

• $1,250 in travel booked through Chase (you get a 25% bonus when you redeem this way, so your points are worth 1.25 cents apiece)
• Multiple domestic flights or even a round-trip ticket to Europe or Asia when you transfer points to partners such as United MileagePlus, British Airways Executive Club or Air Canada Aeroplan
• A weekend getaway at a luxury Hyatt resort, like the Grand Hyatt Kauai or Park Hyatt Beaver Creek — where rates can exceed $1,000 per night — when you transfer points to World of Hyatt
• Longer stays at budget-friendly properties through transfers to World of Hyatt, Marriott Bonvoy or IHG One Rewards

You’ve always got the option to use your points for cash back or gift cards at a rate of 1 cent each, too, making the Sapphire Preferred Card 100,000 bonus worth a cool $1,000 when you redeem this way.

However, you decide to use your points, this offer represents an incredible value, especially considering the Sapphire Preferred Card’s annual fee is a modest $95. But even after you’ve spent the welcome bonus, the card can make sense to keep for the long term —especially if you’re a frequent traveler — thanks to ongoing perks that can offset its yearly cost.

Chase Sapphire Preferred Card Benefits Can Save You Money and Protect Your Purchases

Beyond its massive welcome bonus, the Sapphire Preferred Card’s benefits are really the backbone of the card. You’ll get generous earning rates in bonus categories, money-saving credits, and solid travel and purchase coverage that can protect you when things go wrong.

Earning Rates

You’ll earn points whenever you use the card for purchases, and these can add up fast if you spend a lot in bonus categories:

• 5 points per dollar on Chase Travel purchases (excluding purchases that qualify for the annual $50 Chase Travel hotel credit — more on that in a bit)
• 3 points per dollar on dining (including takeout and eligible delivery services)
• 3 points per dollar on online grocery purchases (excluding Target®, Walmart® and wholesale clubs)
• 3 points per dollar on select streaming services
• 2 points per dollar on other eligible travel purchases
• 1 point per dollar on other purchases

Statement Credits and Rebates

As a cardholder, you can put money (or points) back in your pocket and help offset your annual fee by taking advantage of travel and partner perks, including:

• Annual $50 hotel credit: You’ll get up to $50 per year (measured from your account opening date) in statement credits toward hotels booked through Chase Travel. If you use this perk, it effectively reduces your net annual fee cost to just $45 per year ($95 annual fee – $50 hotel credit). 
• Annual 10% points bonus: Each year on your card anniversary, you’ll earn bonus points worth 10% of your total spending on the card in the previous year. So if you spent $10,000 on the card, you’d get a rebate of 1,000 points.
• DoorDash DashPass membership: You can enroll in a complimentary membership in DoorDash DashPass, which gets you lower service fees and $0 delivery fees on DoorDash and Caviar orders (the normal cost is $120 for 12 months). Activation is required by Dec. 31, 2027.
• DoorDash discounts: If you’ve activated your DashPass membership, you can get $10 per month off one non-restaurant DoorDash order when you use your Sapphire Preferred Card to pay.

Travel and Purchase Coverage

Here’s where the card really shines: The Sapphire Preferred Card’s purchase and travel protections rival what’s offered by pricier premium cards. For example, it’s uncommon to find comprehensive travel coverage on cards with sub-$100 annual fee, but the Sapphire Preferred Card has it built in.

You’ll need to pay with your card to unlock these top protections, which include:

• Primary car rental insurance: Decline the rental agency’s coverage, and Chase’s car rental insurance on the Sapphire Preferred Card can cover you for up to $60,000 if your vehicle is damaged or stolen (most vehicles are eligible).
• Trip cancellation/interruption insurance: If you have to cut short or cancel a trip for a covered reason (like serious illness or severe weather), you could be reimbursed for up to $10,000 per covered traveler/$20,000 per trip for prepaid, non-refundable travel expenses.
• Trip delay insurance: When your flight or other common-carrier travel is delayed by more than 12 hours (or requires an overnight stay), you can qualify for up to $500 toward unreimbursed expenses, such as a hotel stay and meals.
• Baggage delay insurance: If your bags are delayed by six hours or more, you can get reimbursement of up to $100 per day up to five days for essentials like a change of clothes or phone charger.
• Lost luggage reimbursement: You can get reimbursed up to $3,000 per traveler per trip if the carrier loses your luggage altogether, although there are some exceptions for high-value items.
• Purchase protection: If you use your card to pay for an eligible item and it’s damaged or stolen within 120 days of purchase, you could get up to $500 back.
• Extended warranty: When you use your card to purchase an item that has a U.S. manufacturer’s warranty of three years or less, you’ll get an additional year of warranty protection.

Also worth noting: The Sapphire Preferred Card doesn’t add foreign transaction fees to international purchases, so you can use it without incurring those pesky extra charges when you travel abroad.

Should You Apply for the Sapphire Preferred Card?

Whether you’re just learning the ropes or are a points and miles expert, this card is worth serious consideration even without a sky-high welcome bonus. The Sapphire Preferred Card was the first travel card I opened over a decade ago, and it’s still the card I recommend to friends and family who are looking to get started with credit card travel rewards.

That said, before deciding if the Sapphire Preferred Card is worth it for you, you’ll want to familiarize yourself with Chase’s credit card application rules to make sure you qualify. You aren’t eligible to open the card if:

• You’ve opened five or more cards from any issuer in the past 24 months (except most small-business cards): Known as the Chase 5/24 rule, this unofficial policy will likely prevent you from being approved for the card.
• You already have a Sapphire Preferred Card in your wallet: If you currently hold the Sapphire Preferred Card or Chase Sapphire Reserve®, you’re out of luck.
• You earned a welcome bonus from any Sapphire card within the past 48 months: This rule applies even if you don’t have the card anymore.

Also, this card is geared toward those with good to excellent credit — that is, a score of 670 or higher on FICO’s scale. If you’re not in the good credit score range or better, you probably won’t get approved.

Be sure to also consider the card’s minimum spending requirement to unlock the bonus. Spending $5,000 in three months (measured from the day you get approved, not the day you start using the card) averages out to about $1,667 per month. If you wouldn’t normally spend that much organically, this offer might not be the best choice.

Final Thoughts

The Sapphire Preferred Card’s new 100,000-point bonus offer makes this great card even more compelling. Between strong rewards, useful perks and a ton of protections that can save the day if things go awry, the card is worth a serious look from anyone who likes to travel.

The current 100,000-point offer will end on May 15, 2025, at 9 a.m. ET, so if you’re interested in the card, apply before it’s too late.