How I’m Earning the 100K Chase Sapphire Preferred Card Welcome Offer Again

The Chase Sapphire Preferred^® Card just dropped a 100,000-point welcome bonus offer — its highest offer of the year. To earn it, you’ll need to spend $5,000 on eligible purchases within the first 3 months of account opening.

While these welcome offers are typically reserved for new applicants, existing cardholders might still have a shot — so long as they meet Chase’s (very) specific criteria. One of the key rules to know? You must have held your existing Sapphire card for at least 48 months — or 4 years — before going through the process outlined below.

Here’s everything you need to know.

How To Get Chase Sapphire Preferred Card Welcome Bonus Again

If you already have the popular Chase Sapphire Preferred card and are hoping to earn another welcome bonus, there are 3 key rules you’ll need to meet.

1. You’re Limited to One Sapphire Card

Chase’s first rule is that you can’t hold more than one card from the Sapphire family. Essentially, you won’t qualify for the Chase Sapphire Preferred card if you already have the Chase Sapphire Reserve^®, and vice versa.

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 card like the Chase Freedom Unlimited^® or the Chase Freedom Flex^®. This is also known as “downgrading your Chase credit card,” and you can do so by contacting Chase customer service.

2. No Sapphire Welcome Bonus Offers Within 48 Months

If you’ve cleared the first hurdle, here’s the next application rule. You must not have received a welcome bonus offer on either the Chase Sapphire Reserve card or the Chase Sapphire Preferred card within the past 48 months.

If you’ve earned a welcome offer within this timeframe, you’d be ineligible for another one. (But you can wait until you’re outside this 48-month window to be eligible for another welcome bonus offer!)

3. 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.

Though not formally published, this guideline helps Chase limit applications from individuals who frequently open cards solely to earn welcome bonuses. The limit of 5 credit cards is based on what’s showing on your credit report, so it’s worth checking that if you’re unsure how many credit cards you’ve opened in the past 2 years.

How I’m Earning 100K Chase Points Again

Right now, the Chase Sapphire Preferred card has a 100,000-point welcome bonus offer:

• Earn 100,000 bonus points after spending $5,000 in the first 3 months of account opening.

This welcome offer is worth $2,000 according to our points and miles valuations. If you can meet all of the above conditions, it could make a lot of sense to apply for a Chase Sapphire Preferred card again.

LIMITED-TIME OFFER

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.

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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

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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

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Chase Ultimate Rewards

Fortunately, I’ve had this card for over 5 years now, which is outside the 48-month window imposed by Chase. I’ve also applied for fewer than 5 credit cards in the last 24 months, which I confirmed by checking my credit report.

What are the next steps, then? I’ve already downgraded my Chase Sapphire Preferred card to the Chase Freedom Unlimited card. The important thing to remember is that downgrading — rather than canceling — helps you keep the Ultimate Rewards points you’ve earned. It’s also worth pointing out that you can’t earn a welcome offer or sign-up bonus when changing to a different credit card, as those offers are reserved for people who apply for the credit card directly.

I’ll wait at least 2-3 weeks before submitting a new application for the Chase Sapphire Preferred card. Once approved, I can transfer my Chase points from my Freedom Unlimited card to my new Chase Sapphire Preferred card.

Final Thoughts

You might just be eligible to score another Chase Sapphire Preferred card welcome bonus offer — and earn an incredible 100,000 bonus points after meeting those minimum spending requirements. While many steps are involved, it can be well worth the effort for those who qualify.