Do You Qualify for the Chase Sapphire Preferred 100k Bonus? Find Out in 30 Seconds

The Chase Sapphire Preferred^® Card is arguably the most popular travel rewards card on the market today, and it’s easy to understand why. It provides interesting perks and benefits and offers bonus earnings on everyday spending categories.

Right now, the Chase Sapphire Preferred card has a limited-time welcome bonus of 100,000 points after you spend $5,000 in the first 3 months of account opening. This incredible bonus offer makes this fantastic travel rewards card even more appealing.

Let’s dive into the 5 questions you’ll want to ask yourself before submitting that application.

1. Do You Have a Good Credit Score?

Your credit score is one of the most important factors Chase will consider. To have a best shot at getting approved for the Chase Sapphire Preferred card, it’s recommended that you have a score in the “good” to “excellent” range — or at least 700.

If you’re completely new to credit, approval could be tough. You should aim to have at least 6 months of credit card history under your belt before applying for the Chase Sapphire Preferred card.

2. Have You Opened 5 Credit Cards in Less than 24 Months?

One of the most important considerations is the Chase 5/24 rule, which was implemented to prevent potential applicants from getting too many Chase welcome bonus offers.

Under this application rule, Chase will likely not approve you for any new accounts if you have already opened 5 or more credit cards — from any issuer — in the last 24 months. Unfortunately, there aren’t any workarounds to the Chase 5/24 rule besides waiting for an account to become at least 24 months old.

How To Calculate Your Chase 5/24 Status

To calculate your 5/24 status, you need to count the number of credit card accounts you have opened in the past 24 months, including all credit cards reported to your personal credit report from any issuing bank. Checking your free credit report is the easiest way to see the age of each credit card in your wallet.

The Chase 5/24 rule applies to personal credit cards from issuers like Citibank and American Express that you’ve opened or closed, retail store credit cards, and even certain business credit cards. Do note that any business cards that do not show up on your personal credit report do not count toward your 5/24 status.

It is also worth noting that the cards you are listed as an authorized user for count toward your 5/24 total. There have been reports that you can contact Chase and let them know that you are only an authorized user, and they will not count that specific card toward your 5/24 total. However, your mileage may vary.

Once you confirm that you’ve opened less than 5 cards in the 48-month timeframe, you’re golden to move onto the next step.

3. Do You Already Have a Chase Sapphire Card?

Chase only allows you to have a single Sapphire card at a time. Whether you have the Chase Sapphire Preferred card already or the more premium Chase Sapphire Reserve^®, you can only have 1 product from this family at a time, making you ineligible to earn the 100,000-point welcome bonus offer.

If you’ve never applied for either card or don’t currently have one open, it’s time to look at the next requirement.

4. Have You Earned a Welcome Offer in the Past 48 Months?

Chase also imposes a 48-month welcome bonus offer rule on both Sapphire cards. This means that cardholders are not eligible for a welcome offer if they have already received a bonus on either Sapphire card within the last 48 months.

Again, if you’ve never applied for either the Chase Sapphire Preferred card or the Chase Sapphire Reserve card, then you are in the clear.

If it has been more than 48 months since you last received a welcome bonus from the Chase Sapphire Preferred card or Chase Sapphire Reserve card, you might qualify for another one. To become eligible, you will need to either close your current Sapphire card or switch it to a different Chase product — then wait at least 1 to 2 weeks before submitting a fresh application. (You’ll want to make sure you get this process done before the 100,000-bonus offer ends!).

5. Can You Meet the $5,000 Minimum Spending Requirement?

Before applying for any card, take a close look at the minimum spending requirement tied to this welcome bonus. You’ll need to spend $5,000 on purchases within the first 3 months to unlock the full 100,000-point bonus offer.

It’s important not to stretch your budget or take on debt just to hit that target. Instead, make sure the threshold fits naturally within your regular spending habits or upcoming expenses. If you have multiple credit cards, it’s often smart to temporarily focus your spending on the new card until you meet the bonus requirement.

Is the Chase Sapphire Preferred Card Worth It?

OFFER ENDING SOON

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Apply Now(at Chase's secure site)

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome Offer

Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

100,000 points

UP's Offer Valuation*:

$2,000

Annual Fee

$95

APR

19.99% - 28.24% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons

Pros

• 5x points on all travel booked via the Chase Travel portal
• 3x points on dining purchases, online grocery purchases, and select streaming services
• 2x points on all other travel worldwide

Cons

• $95 annual fee
• No elite benefits like airport lounge access or hotel elite status

Read Full Review

Card Highlights

• Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC

Financial Snapshot

• APR: 19.99% - 28.24% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

The Chase Sapphire Preferred card is a fantastic card that offers plenty of value. For many, it is the perfect starter travel rewards card. For others, it is the best all-around travel rewards card. In fact, the card routinely makes our list of best travel credit cards.

Cardholders earn 5x Ultimate Rewards points on travel purchased through Chase Travel; 5x points on Lyft purchases (through September 30, 2027); 3x points on dining, select streaming services and online groceries; and 2x on all other travel purchases.

There are numerous benefits, including a $50 annual Chase Travel hotel credit, flexible point redemptions, a complimentary DoorDash DashPass membership for one year (when activated by December 31, 2027), and fantastic travel insurance coverage, which includes best-in-class primary car rental insurance.

Final Thoughts

The limited-time welcome bonus offer on the Chase Sapphire Preferred card, which is as high as it has been in years, will make the popular travel rewards card even more desirable. However, it’s important to make sure you’ll qualify before hitting apply.