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In case you haven’t heard, the Chase Sapphire Preferred® Card, one of the best travel credit cards and one of the best credit cards for beginners, is offering its highest-ever signup bonus of 100,000 Ultimate Rewards. New cardholders can earn this bonus after spending $4,000 in the first 3 months. This whopper-sized limited-time bonus offer is worth $1,250 when redeemed through Chase Ultimate Rewards.
Plus, enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.
100,000 Bonus: Chase Sapphire Preferred® Card
$1,250 Chase Sapphire Preferred Signup Bonus
New Chase Sapphire Preferred® Card cardholders can earn the card’s largest sign-up bonus.
You can earn 100,000 bonus Ultimate Rewards by spending $4,000 on purchases in the first 3 months. This bonus is worth as much as $1,250 when booking award travel or the Chase Pay Yourself Back categories.
This bonus is only around for a limited time and it’s one of the most valuable credit card signup bonuses currently available.
The annual fee is $95 and there are no foreign transaction fees.
Who Qualifies for the Sapphire Bonus?
The Chase Sapphire application guidelines are tougher than some cards. For example, you may not qualify for the card if you have opened 5 or more new credit cards in the last 24 months due to Chase’s 5/24 rule.
You can qualify for this signup bonus if you meet these two conditions:
- Do not currently own a Chase Sapphire product
- Have not earned a Sapphire signup bonus in the last 48 months
If you qualify for this bonus, now can be the best time to apply for the Sapphire Preferred.
Sapphire Preferred Rewards and Perks
There are several Chase Sapphire reward categories. The Chase Sapphire Preferred earns unlimited:
- 5x points on travel purchased through Chase Ultimate Rewards® (excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit)
- 5x points on Lyft rides (through March 2022)
- 3x points on dining (including eligible delivery services, takeout, and dining out)
- 3x points on online grocery purchases (excluding Target®, Walmart®, and wholesale clubs)
- Also 3x points on select streaming services
- 2x points on all other travel purchases
- 1x point per $1 spent on all non-bonus purchases
There is a $50 annual Ultimate Rewards Hotel Credit. It comes in the form of a statement credit that will automatically be applied to your account when your card is used for hotel accommodation purchases made through the Ultimate Rewards program, up to an annual maximum accumulation of $50.
Plus, on each account anniversary, you’ll earn bonus points equal to 10% of your total purchases made the previous year. So, if you spend $25,000 on purchases, you’ll get 2,500 bonus points.
Additional Sapphire Preferred Perks
The $1,250 Chase Sapphire Preferred signup bonus is one reason to consider the card right now. But, here are some of the other valuable card benefits that add value when you travel or make local purchases.
- 25% redemption bonus on Chase Ultimate Rewards award travel bookings
- 25% statement credit bonus on qualifying Pay Yourself Back purchases
- 1:1 airline and hotel point transfers
- Primary car rental collision and theft coverage
- Trip cancellation and interruption insurance
The 25% redemption bonus applies to award travel booked on Chase Ultimate Rewards and the rotating Pay Yourself Back purchase categories. Through September 30, 2021, the Pay Yourself Back categories are grocery, dining, and home improvement stores.
There are several limited-time partner benefits that can be good too.
- DoorDash: 1 year of DashPass membership for $0 delivery fees and reduced service fees on orders above $12
- Lyft: Earn 5x Ultimate Rewards on rides through March 2022
- Peloton: Up to $60 back in statement credits on Peloton Digitial or All-Access Memberships (through December 31, 2021)
Chase Sapphire Reserve
If you prefer a premium travel credit card, the Chase Sapphire Reserve® is one of the best options.
Its current signup bonus is the ability to earn 60,000 Ultimate Rewards worth $900 in award travel when redeemed through Chase Ultimate Rewards and Pay Yourself Back statement credits. New cardholders can earn the bonus after spending $4,000 in the first 3 months.
Select Chase Sapphire Reserve card benefits include:
- 50% redemption bonus on award travel bookings with Chase Ultimate Rewards
- 1:1 airline and hotel point transfers
- Annual $300 travel statement credit
- Priority Pass airport lounge membership
- Global Entry or TSA PreCheck application fee credit
Plus, earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.
Sapphire Reserve can also visit Chase airline lounges. More details will be available at a later date.
There are also partner benefits with DoorDash, Lyft, and Peloton. Compare the Chase Sapphire Reserve vs Chase Sapphire Preferred if you want a better idea of which one works best for you.
The annual fee is $550. However, given all of the benefits, this annual fee can be offset.
Related: Chase Sapphire Reserve Review
In conclusion, with the Chase Sapphire Preferred signup bonus, new cardholders can enjoy the flexibility to use their earned points. It’s not every day you have the chance to earn 100,000 bonus Ultimate Rewards. The Chase Sapphire Preferred Card is already one of the best travel credit cards. As you start traveling again, having an extra $1,250 in travel rewards (when redeemed through Chase Ultimate Rewards) can help you make up for the lost time.
100,000 Point Bonus Offer: Chase Sapphire Preferred® Card
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Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.