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Chase Sapphire Preferred Card Relaunches Massive 100K Welcome Bonus Offer

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Stella Shon
Edited by: Ryan Smith
& Michael Y. Park
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Earning 100,000 Ultimate Rewards points from a single card is almost unheard of, but now the opportunity is back with the Chase Sapphire Preferred® Card.

This crowd-favorite travel credit card is offering an exceptional 6-figure welcome bonus for a limited time. Eligible applicants can earn 100,000 bonus points after spending $5,000 within the first 3 months of account opening. In short, this is the largest welcome bonus offer the card has ever offered, making a return after nearly 4 years — and it definitely won’t last long.

If you want to maximize rewards for flights, hotels, or other travel redemptions, here’s what you need to know about this valuable welcome offer — including how you might qualify even if you already have the card.

Chase Sapphire Preferred Card 100K Welcome Offer

The Chase Sapphire Preferred card is an amazing travel credit card with a manageable $95 annual fee. It checks all the right boxes: a valuable rewards program, high earning potential, travel protections and primary rental car insurance, practical everyday credits and benefits, and no foreign transaction fees.

LIMITED-TIME OFFER
Chase Sapphire Preferred® CardTerms Apply / Rates & Fees
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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)
A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.
Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
100,000 points
$2,000
$95
19.99% - 28.24% Variable
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
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

Checking the Chase Sapphire Preferred card’s welcome offer history, this card’s welcome offer has typically been 60,000 bonus points. However, this time, the value is much higher, as eligible applicants can earn an impressive 100,000 bonus points for a limited time.

The minimum spending requirement is $5,000 in the first 3 months of account opening. After you meet the spending requirement, it takes 1 or 2 billing cycles for these points to reflect in your Chase Ultimate Rewards balance.

It’s recommended you have good to excellent credit for your best chances at approval.

The timing of this welcome bonus offer couldn’t be more perfect if you plan on taking a vacation this summer or in the latter half of 2025. Chase Ultimate Rewards points are versatile for flights, hotels, and more. In fact, Upgraded Points estimates this welcome bonus offer to be worth a whopping  $2,000, as Ultimate Rewards points are valued at approximately 2 cents apiece for travel redemptions.

How To Get Another Chase Sapphire Preferred Card Welcome Offer

Here’s the scoop: Even if you already have the Chase Sapphire Preferred card, you may be eligible for the welcome bonus offer. However, there are a few Chase application rules you should familiarize yourself with.

1. No Sapphire Welcome Bonus Offers Within 48 Months

The first major eligibility requirement is that you must not have received a welcome bonus on either the Chase Sapphire Reserve® or Chase Sapphire Preferred card within the past 48 months.

Since it’s now April 2025, you must not have earned a welcome bonus from either card any later than April 2021. Keep in mind, this isn’t just about when you applied for the card — this timeframe is based on when you actually met the minimum spending requirement and received those bonus points.

If you’re 100% certain that you received the welcome bonus more than 48 months ago, you may qualify for the Chase Sapphire Preferred card bonus again.

2. Open Less Than 5 Credit Cards in 24 Months

If you’ve opened 5 or more credit cards from any issuer within the past 24 months, you’re unlikely to be approved for any new Chase card. This is unofficially known as Chase’s 5/24 rule.

The easiest way to confirm your standing is to check your credit report and count the number of cards you’ve opened within the past 24 months. If the total is less than 5 cards, you can proceed to the next step.

3. You’re Limited to 1 Sapphire Card

Chase also states that you can’t hold more than 1 card from the Sapphire family. That means you won’t qualify for the Chase Sapphire Preferred card if you already have the Chase Sapphire Reserve, and vice versa.

If you have met the previous 2 criteria and want to earn the Chase Sapphire Preferred card welcome bonus (again), your next step would be to downgrade your Chase credit card. You can do so by calling Chase customer service.

Whether you have the Chase Sapphire Preferred card or the Chase Sapphire Reserve card, you can request a product change to a no-annual-fee Chase card like the Chase Freedom Unlimited® or the Chase Freedom Flex®. This allows you to still keep all the Chase Ultimate Rewards points you’ve earned thus far on your Chase Sapphire Preferred card or Chase Sapphire Reserve card.

After the downgrade is confirmed, it’s recommended you wait at least 1 week before submitting a Chase Sapphire Preferred card application — and then be on your way to earn 100,000 bonus points. Once approved, you can transfer the existing Chase points back to the Chase Sapphire Preferred card.

Hot Tip:

Though we don’t know when this 100,000-point welcome offer will end, we’ll keep our readers posted when we hear of the official details. If you haven’t already, subscribe to our UP Newsletter to stay updated on travel and credit card news.

How To Maximize 100,000 Chase Points

Chase offers an impressive lineup of airline and hotel transfer partners. You can move your entire Chase Ultimate Rewards balance to any of these loyalty programs at a 1:1 ratio and redeem points directly through any of the following:

With 100,000 Chase Ultimate Rewards points — or 100,000 Hyatt points, 100,000 JetBlue points, 100,000 Southwest points, and so on — the possibilities are endless. Here are a few ideas.

1. Take up to 20 Flights Within the U.S.

Using your Chase Ultimate Rewards points for domestic flights can provide incredible value. You can redeem as few as 5,000 miles and pay $5.60 in mandatory taxes and fees for a domestic ticket. That will give you a United flight from San Francisco (SFO) to Orange County (SNA), California, in economy.

United MileagePlus redemption 5k SFO SNA
That’s a steal for airline redemptions. Image Credit: United Airlines

Since you can can transfer Chase Ultimate Rewards to United MileagePlus at a 1:1 ratio, you need just 5,000 Chase points to book this flight. If you’ve got 100,000 Ultimate Rewards points, you could easily book 20 of these flights!

2. Book 8 Round-Trip Flights to Europe

Whether you’re heading to London, Paris, Frankfurt, or other European getaways, your Ultimate Rewards points can help you get there — by leveraging several transfer partners.

Using transfer partner Virgin Atlantic Flying Club, you can fly nonstop from the East Coast to London (LHR) starting at 6,000 points plus $74 in taxes in economy. If you want to fly more comfortably, deals are available for 10,500 points per passenger in premium economy and 29,000 points each in Upper Class, the airline’s business class.

Virgin Atlantic redemption 29k JFK LHR
Taxes and fees aren’t ideal in premium cabins, but it’s still a good deal. Image Credit: Virgin Atlantic

If you’re heading to continental Europe, Emirates operates flights to both Milan (MXP) and Athens (ATH), and you can snag a seat for just 17,500 miles plus $54 per person in economy. You book this by transferring Chase points directly to the Emirates Skywards program.

Emirates redemption JFK MXP 17500 points economy
17,500 points is a good price for a nonstop flight over the ocean. Image Credit: Emirates

Alternatively, you can transfer points to Air Canada’s Aeroplan program and fly from the East Coast to Europe from 60,000 points per person in business class. You’d fly with airlines like Lufthansa or SWISS.

Aeroplan redemption Eurowings Discover 60k business PHL FRA
That’s a great deal for business class, but better pricing exists for economy. Image Credit: Air Canada

With flights costing as little as 6,000 points per person between the U.S. and Europe, you can book up to 16 hops across the pond using 100,000 Ultimate Rewards points. That’s 8 round-trip bookings!

3. Spend up to 28 Hotel Nights With Hyatt

The World of Hyatt hotel program uses a fixed award chart, so you know exactly how many points you’d need for its hotels and resorts. Category 1 properties start at 3,500 points per night on off-peak dates.

Lest you think those are all properties in the middle of nowhere (in a bad way), check out the Hyatt Place Los Cabos in Baja California Sur, Mexico. A standard room on multiple dates is available for 3,500 points per night, and it includes complimentary breakfast and is right across the street from the beach.

Hyatt Place Los Cabos 3500 points redemption
Using points for a hotel doesn’t get cheaper than this. Image Credit: Hyatt

At the other end of the spectrum, prices start at 35,000 points per night at Category 8 properties — Hyatt’s top category for hotels and resorts that aren’t all-inclusive. For instance, the Everline Resort & Spa near Lake Tahoe has ski-in access with a chairlift right outside the hotel, among its numerous amenities. Don’t like snow? Visit in the summer for golf and enjoy the year-round heated pool no matter when you visit.

Hyatt Everline Resort Spa Lake Tahoe 35000 points redempion
You have nearly enough points for 3 nights here. Image Credit: Hyatt

With 100,000 Chase Ultimate Rewards points, you have nearly enough points for 3 nights during off-peak stays at Category 8 properties or 28 nights at Category 1 hotels during off-peak dates.

4. Book $1,250 in Chase Travel Purchases

The Chase Travel portal allows you to easily use your points like cash to book hotels, flights, rental cars, and even activities like safaris or theme park tickets. If you hold a Chase credit card with no annual fee, points are worth 1 cent each toward travel bookings. That means 100,000 points would let you book $1,000 of travel in the portal.

However, the Chase Sapphire Preferred card lets you use your points at a higher 1.25 cents apiece toward these reservations. That means 100,000 Ultimate Rewards points could provide $1,250 worth of hotels, flights, activities, and rental cars through the bank’s travel portal.

Hotel Villas Flamingos Mangle beach bar sunset
Hotel Villas Flamingos on Isla Holbox, Mexico. Image Credit: Ryan Smith

You’ll notice these numbers are lower than the value we’ve assigned to Chase Ultimate Rewards, which is 2 cents each. Choosing to redeem points at 1.25 cents apiece when you could use them for more may not make sense at first. However, using points in the travel portal is great when there’s no availability via transfer partners — such as a boutique hotel that doesn’t have a rewards program or booking a safari with points.

Is the Chase Sapphire Preferred Card 100k Welcome Offer Worth It?

The welcome bonus offer comes with immense value for travel redemptions. Let’s take a quick comparison of what other travel credit cards are offering right now:

  • Chase Sapphire Reserve card ($550 annual fee): Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months.
  • Capital One Venture Rewards Credit Card ($95 annual fee): Earn 75,000 miles after spending $4,000 within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel.
  • American Express® Gold Card ($325 annual fee; rates & fees): Earn 60,000 points after spending $6,000 in the first 6 months.

As you can see, you really get the most bang for your buck with the Chase Sapphire Preferred card with $2,000 in redemption value.

Final Thoughts

The amazing 100,000-point offer has returned for the Chase Sapphire Preferred card — but not for long. If you’re eligible, now is the time to apply and take advantage of this generous welcome bonus offer. With unbeatable rewards and perks, it’s a must-have for travelers.

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About Stella Shon

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in The New York Times, USA Today, and more.

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