Wow! Highest offer ever: 100,000 points for the Chase Sapphire Preferred card

This post may contain affiliate links from our advertising partners. Read my Advertiser Disclosure policy here. Additionally, some of the offers on this page may no longer be available through Deals We Like.

Chase is surprising us all — once again — by upping its offer for the Chase Sapphire Preferred Credit Card to the highest offer we’ve ever seen to day. With this welcome bonus you’ll receive an incredibly high 100,000 bonus points after you spend $4,000 on purchases within the first three months. With Chase Ultimate Reward points valued at about 2 cents a point, this sign-up bonus is worth $2,000. With travel starting back up again, this is the perfect opportunity to get a jump start on your next vacation using points and miles.

Apply Here: Chase Sapphire Preferred Credit Card

Welcome offer: Earn 100,000 Chase Ultimate Reward points after you spend $4,000 on purchases in the first 3 months. $95 annual fee

For years, the Chase Sapphire Preferred Credit Card has been the No. 1 credit card that I’ve recommended for those starting out in the points and miles world. This is a great card for those who want a credit card that will help them earn points towards free travel at some point in the near future, but are not sure exactly where yet. This is ultimately a great flexible card with an amazing welcome offer, so a perfect card for those looking to dip their toes in the points and miles games or for those looking to increase their Ultimate Reward point balance. It is also a highly recommended card for families.

Now, if you are looking for a more experienced card, the Chase Sapphire Reserve is also offering an increased bonus, but at an inferior offer of just 60,000 Ultimate Reward points.

Transfer your points to Hyatt to stay at the Grand Hyatt Baha Mar for free!

Card benefits

This is also a great card to use for airfare since it comes with travel protection. When you book a flight or other non-refundable travel expenses (hotels, tours, etc.) with select Chase credit cards (which includes the Chase Sapphire Preferred), you get some great travel protection in case of a flight cancelation, delay, lost baggage, etc. For example, if you have to cancel a trip due to a covered reason (sickness, severe weather, etc.) you are able to be reimbursed up to $10,000 per trip for pre-paid, non-refundable travel expenses. For lost luggage, you are covered up to $3,000 per passenger (which includes you or immediate family members). Or if your luggage is just delayed for 6+ hours, you can be reimbursed for toiletries and clothing at $100 a day for up to 5 days. And my ultimate favorite (and the most common protection) is if your flight is delayed more than 12 hours or requires an overnight stay, you are covered for unreimbursed expenses (i.e., meals and hotels) for up to $500 per ticket. The Chase Sapphire Reserve has a slightly better flight delay policy where it only requires a 6 hour delay, but as I mentioned above, this card does come with a significantly higher annual fee.

Additionally, for 2021 only, you’ll get up to $60 back on eligible Peloton Digital or All-Access memberships through Dec. 31, 2021. If you have a Peloton — or have a friend that can use the statement credit — this effectively brings the annual fee down to just $35 for the year,

Earning Chase Ultimate Reward Points

With this card, you’ll receive 2x points on both dining and travel (including airfare, hotel, car rentals, cruises, etc.). With all other purchases you’ll receive 1x point. Additionally, you’ll earn 5x points on Lyft rides through March 2022 and 2x points on grocery purchases (up to $1,000 per month) through April 30, 2021. While there are some other cards that will earn you more in these categories, such as the Chase Sapphire Reserve Credit Card, the annual fee is significantly more expensive.

Redeeming Chase Ultimate Reward Point

When using your Chase Sapphire Preferred Credit Card you are earning Ultimate Reward points. This currency is extremely valuable as you can either redeem your points through the Chase travel portal or transfer your points to partner airlines. When redeeming through the travel portal you get a 20% discount. For example, a $500 flight booked through the portal will only cost you 40,000 points.

If you prefer to transfer your points to partner loyalty programs, you have many options which include: United, British Airways, Singapore Airlines, Air France KLM, Southwest Airlines, Virgin Atlantic, Iberia, JetBlue, Aer Lingus, Hyatt, IHG, and Marriott. Redeeming through a partner program will typically get you the most value for your points and all partners transfer at a 1:1 ratio. For example, Hyatt is a partner and you can stay at the Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina or Andaz San Diego for only 15,000 Hyatt points per night — thus requiring only 15,000 Ultimate Reward points. Both are great properties on opposite coasts.

Transfer your points to British Airways and enjoy the beaches of Mexico!

Or, let’s say you prefer business class over economy (I mean who doesn’t, but you need to have the points or make a ton of money!), you can fly roundtrip Boston or Chicago to Spain for 68,000 Iberia points — again requiring 68,000 Ultimate Reward points. This business class flight can easily cost over $4,000 (something I’d never pay for), making each point worth well over 5 cents per point. Of course the value of your points will vary on what you are looking to redeem for, but assume an average of 2 cents per point, with many opportunities to get an even higher value.

Now, if you prefer to not worry about award availability, you can always use your points on any travel experience — hotel, airfare, car rental, cruise, etc. — at a fixed 1.25 cents per point. You can do this by booking your vacation through Chase’s travel portal so the 100,000 points earned is worth a fixed $1,250 towards travel.

Who is Eligible for this Card?

Although a great offer, Chase has cracked down on allowing people to sign up for too many cards. For starters, there is the Chase “5/24” rule where if you’ve been approved for 5 or more cards in the past 24 months, Chase will automatically deny you of being approved for a new card. Also, they stopped allowing you to get multiple cards in the same “family”, i.e., if you already have the Chase Sapphire Reserve, they will not approve you for the Chase Sapphire Preferred.

Additionally, a few years ago, Chase put further restrictions on both the Chase Sapphire Preferred and Chase Sapphire Reserve cards. Chase will no longer approve you if you’ve received the sign up bonus offer in the past 48 months for the card.

This is making getting the card harder, but since this offer is the new normal, there is no rush to get this card now. You can always get it at a later point when you become eligible.


This is definitely a favorite card amongst most and now with the increased sign up offer, a card to put high on your radar. I personally have had this card for years and it was my go-to for quite some time, prior to getting the Chase Sapphire Reserve. But now with many other Chase Ultimate Reward options, this might not serve as the best go-to card for many purchases, but a great offer right now with such an increased welcome offer.

Chase Sapphire Preferred

  • 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®
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • 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 BackSM, 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.

Disclosure: This post contains affiliate links. As always, thank you for supporting the blog and enjoy traveling on a deal!

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

0 0 vote
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment
Newest Most Voted
Inline Feedbacks
View all comments
2 years ago

Is the 48mth rule the same for all chase cards? Ex. United Explorer, SouthWest etc


deals we like logo



Pin It on Pinterest

Would love your thoughts, please comment.x