Amazing Chase Sapphire Preferred 100K Bonus Points Offer

Amazing Chase Sapphire Preferred 100K Bonus Points Offer

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Not only are we seeing a best-ever bonus on one of the most popular travel rewards credit cards out there (which is arguably the best credit card bonus we’ve ever seen), but the card has also undergone some major positive changes, which make it more compelling than ever before. If you don’t yet have this card and are eligible, this is the card you should apply for over any other one out there.

Largest Bonus Ever Earn 100,000 Bonus Points
Chase Sapphire Preferred® Card

Chase Sapphire Preferred offering 100,000 points

The Chase Sapphire Preferred is offering the best publicly available bonus we’ve ever seen on this card. You can earn a bonus of 100,000 Ultimate Rewards points after spending $4,000 within three months. Previously the card offered a record bonus of 80,000 points, and prior to that we saw a bonus of 60,000 points, so this is absolutely huge.

Ultimate Rewards points can be redeemed for a minimum of 1.25 cents each towards travel, meaning 100,000 points will get you at least $1,250 in travel. However, personally I value Ultimate Rewards points at 1.7 cents each thanks to the other ways to redeem them, so to me this bonus is worth ~$1,700.

Book a lot of awesome travel with 100,000 Ultimate Rewards points!

Who is eligible for the Chase Sapphire Preferred bonus?

You can be approved for the Chase Sapphire Preferred if:

  • You don’t currently have a Chase Sapphire card (Preferred or Reserve)
  • You haven’t received a new cardmember bonus on a Chase Sapphire card (Preferred or Reserve) in the past 48 months

Note that this is based on whether you’re the primary cardmember on one of these cards — if you’re currently an authorized user (or have been one in the past), you’d be eligible. Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule. See this post for more details on eligibility requirements for the Sapphire Preferred.

Keep in mind the restrictions on being approved for Chase cards

Why the Chase Sapphire Preferred is worth it

The $95 annual fee Chase Sapphire Preferred is one of the most well-rounded mid-range cards out there. The card has undergone a refresh that makes it even more compelling, so now the card has the following perks:

Read a full review of the Chase Sapphire Preferred here.

Earn 3x points on dining with the Sapphire Preferred

Bottom line

The Chase Sapphire Preferred is offering a welcome bonus of 100,000 Ultimate Rewards points. This is the best bonus we’ve ever seen on this card, and the best publicly available welcome bonus we’ve ever seen on any card. That will get you a minimum of $1,250 towards travel, though in reality you can get even more value than that with Chase’s transfer partners.

As if that wasn’t amazing enough already, the card has also undergone a refresh, which makes this card much more rewarding, and in my opinion makes this the most well-rounded mid-range credit card out there.

If you don’t yet have the Chase Sapphire Preferred, you absolutely should apply with this offer. I can’t imagine this 100K offer will last much longer, because this is really, really generous…

Conversations (64)
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  1. ROBERT HERRINGTON

    I have had the Chase Sapphire Reserve since it first came out. However, when they raised the annual fee to $550 and added benefits that I would never use, I decided to downgrade it to the Preferred. Luckily, before I did it I realized that I was qualified for the 100,000 pt. bonus on the Preferred.
    Here's what I did:
    1) I have several Chase cards so I moved all my points (I...

    I have had the Chase Sapphire Reserve since it first came out. However, when they raised the annual fee to $550 and added benefits that I would never use, I decided to downgrade it to the Preferred. Luckily, before I did it I realized that I was qualified for the 100,000 pt. bonus on the Preferred.
    Here's what I did:
    1) I have several Chase cards so I moved all my points (I had over 1 million) from the Reserve card to my Chase Freedom Unlimited card.
    2) I then cancelled the Reserve card.
    3) I waited for one full billing cycle
    4) I applied and was accepted for the Preferred card.
    5) I'm currently working on the $4000 spending requirement to receive the bonus.

  2. MT

    If you have a Chase branch near you, I recommend going in there as they have the same SUB with first year annual fee waived.

  3. Jon B

    Does being an authorized user on a reserve count as being a card member?

    1. Ben Schlappig

      @ Jon B -- Nope, you'd be eligible if you're only an authorized user on a card.

  4. ann

    I opened up a Chase Sapphire Preferred account in Aug. 2017, got 50k points on my October 2017 statement. This card was downgraded after 1 year o a freedom card.

    Since the bonus points were awarded in October, do I need to wait until November 2021 to re-apply to get the new bonus of 100k points?

  5. Heather

    I've had the Reserved card for >48 months and haven't gotten a Chase bonus since, so I think I qualify for the Preferred *if* I cancel the Reserve. Is that possible? With the $550 annual fee I think its net more benefit for me to cancel the Reserve and get this Preferred, but I'd only do that if I can get the 100k bonus. Do I need a grace period between canceling and applying? Will I lose my Chase points during that gap?

  6. CJ

    Yes loved the old design …..don’t like new design

  7. John

    Can we please go back to the previous format??
    This new web design is awful
    And I LOVE the blog but please change it back

  8. WorldTravellerPlus

    On a humourous note, here's a funny story on what *not* to do with rewards cards:

    https://notalwaysright.com/ill-just-hop-in-my-tardis-and-get-right-on-that/238721/

  9. Vish

    How long do I wait after downgrading my CSP to freedom before I can apply again?

  10. Robert

    Should I close my CSR to get this?

  11. Joe1293

    Should we use this link?
    I support OMAT > TPG

  12. Robert

    If I cancel my CSR how long do I need to wait before applying for the CSP?

  13. Bob

    I thought I saw an article that Ben posted about his getting approved for the CSP card - even though he already has the CSR card? How do I find that article?

  14. Andy T

    @Ben, wondering if you have any idea when the welcome offer might end? Have had the CSP for several years and went ahead and closed it last week. Trying to let at least 30 days (or at least one statement closing date) pass before I reapply for it. Just don't want to have missed out on this opportunity!

  15. Sam

    Ben, please bring the old layout back. This is not about being resistant to chance.

    The new layout, along with the distavorous color scheme and font type used is not exactly the best user interface. It makes everything harder to navigate and read.

    I really hope you can reconsider the feedback of some of your most loyal readers here. Thank you.

  16. Brandon

    @Ben - if you currently have a Sapphire Preferred, but opened it more than 4 years ago, how long do you recommend waiting after closing it to reopen a new SP account and ensure you earn the bonus?

  17. Joseph

    If I cancel my reserve today and apply for the preferred, as long as it's been 48 months since last bonus, will I be eligible for the 100k bonus?

    1. Stu

      I cancelled my CSP card and downgraded to the CFU. I waited until after I began to use the CFU. I applied for and was approved for the CSP with reallocation of credit on my multiple Chase cards.

  18. Bob

    Yep, I have to agree to some people here, regarding the website: Too much "free space" on the left and on the right side on a regular browser using a regular monitor.

  19. Ann

    I'm a Sapphire Preferred cardholder (got it just before the bonus went up to 100k :p) and would like to refer friends (and receive the 15k bonus for doing so). When I go to do that, it looks like the offer they will get is still 80k (+$50 grocery credit). Should I expect that this will get updated soon or something?

  20. Jay

    I've had CSP then upgraded to CSR, for 8 years. Ok to cancel them sign up for CSP? I do use DoorDash but otherwise most of the benefits for me are handled with my Amex Plat.

  21. Joe1293

    Awesome news
    Can’t wait to check it out

  22. DiscoPapa

    Any idea when the 100k offer will be available through referral links? I’d love to send it to a few friends, but the referral page still only has 80k.

  23. Webby mcweblewstien

    Wow thought it was just me. Yes new site design is really bad and hard to look at. I know web site design is hard but it was better before.
    Oh and when is the 100k offer over? Not 48 mo until sept.

    1. NYGuy24

      Yea I'm not a fan of the new design either but I think we need to give it a bit of time. Sometimes these things just take a little getting used to and I can see how the new format may benefit first time viewers more than daily readers.

  24. Michelle

    The new site design..... I love one mile at a time but this new site design is so so awful and it really hurts my eyes and is so messy.

    1. MoJoe

      I'm hoping to get used to the new look and feel over time, but feel the same way. The site's color scheme seems like Cathay Pacific, which isn't bad of course, but the layout/design isn't what I'm accustomed to.

    2. Javier

      I feel the same way . I used to live the old design.

  25. Mike

    I'll be transferring my 100k points to Marriott at 1:1 for a 2 night stay at the Aegon Mykonos. Rooms are selling for $850 a night, making this sign up bonus worth $1700!

    1. Steve

      What is worse the Aegon Mykonos or the new site redesign???

    2. Bao

      Can we please get a reaction button, like FB!! LOL

    3. MoJoe

      Nice. 100K Chase UR points can be converted to 100K Hyatt points. Hyatt properties like the Ventana Big Sur and Park Hyatt Sydney are Category 7 properties costing 30K points per night (not accounting for upcoming peak/off-peak pricing adjustment), with cash rates around $1K per night, so that could be over USD $3,000 value.

    4. Brands721

      Mike, Chase has a 50% transfer bonus to Marriott right now, so those 100k points will actually get you 150K! Still not necessarily the best way to maximize value out of Ultimate rewards, but if you are set on that specific redemption, those 50,000 points can go a long ways.

  26. BAYLIFE

    I applied last month just because the bonus had hit 80k and was the biggest ever for awhile... any chance I could call in and ask about the elevated bonus?

    1. Tiffany

      @ BAYLIFE -- It's always worth calling. Chase used to do this as a matter of course, though I've heard mixed data points recently.

    2. Scott

      I opened my Sapphire account 10 days ago with the 80k bonus. I called Chase today to ask if they would match the new 100k promotion since it's only been 10 days since the account was opened. Without hesitation, they said it was not possible. I said I would gladly cancel the card. The customer service agent was happy to cancel the account. Clearly Chase doesn't need my business. Time to move on.

    3. TimR

      You gave up 80K bonus SUB to make a point?

    4. NYGuy24

      I've heard people being denied that. The problem is it is not just a difference in points. The old offer had a $50 grocery credit, which the new card does not have so the offer is structured differently and its not just a simple matter of adding more points.

  27. Luke

    Too bad if only I werent way over 5/24, and already received the CSP a few months ago in wife's name a few months ago for 80k bonus :)

  28. Alex

    My wife is an authorized user on my CSR card, does this make her ineligible for the 100k bonus?

  29. Joseph

    Can I downgrade my reserve card to a freedom card and then apply for the preferred?

    1. Will I lose the current rewards points I have since I will no longer have a premium card?

    Thanks!

    1. TimR

      Points stay with downgraded card although you won't be able to transfer until you get a premium card again. Yes, it is common strategy to downgrade and apply for elevated SUB assuming you meet other application criteria (48+ months since last Sapphire bonus, under 5/24)

    2. Ivan X

      Only if you got your Reserve bonus more than four years ago, but if that’s the case, then yes. You will not lose your points, they will stay assigned to the Freedom.

  30. zedzure

    If I downgrade my CSR to a Freedom card, do I have to wait a certain amount of time to apply for the Preferred?

    1. Ivan X

      Not as far as I know, but you’ll be auto-denied if you got your CSR bonus less than four years ago. I did what you’re describing, and I think I applied for the CSP like 48 hours later.

    2. zedzure

      Very helpful, thanks! Yes, I've had it for 4.5 years at this point.

  31. Ken

    Any idea how long this elevated bonus will be available for?

  32. Jawn

    Just downgraded my Preferred last month to Freedom Unlimited and my last bonus was in 2015 so will give it a whirl. Seems goofy they aren't promoting the Reserve though...I will never use this card after the bonus and UR is significantly behind AMEX and Citi in both earning and burning opportunities.

    1. Chris

      How do you consider UR being behind AMEX and Citi? I'm actually curious, because I find UR to be more flexible with 1.5 cents pay yourself back feature. Amex I can't find anything to get a penny out of them without sending them to a frequent flyer program.

    2. Andy

      Agree. Amex is the worst. UR and Citi are on par. I collect only these two so one day I can deposit all into Singapore Airlines and do a round the world first class for two.

  33. Willis

    Will this bonus to available to current cardholders of the grandfathered, no Annual Fee Sapphire card?

    I downgraded my Chase Preferred card back in 2014 or 2015 to the no-annual fee version that’s no longer available.

  34. Walnuts

    Will this bonus to available to current cardholders of the grandfathered, no Annual Fee Sapphire card?

    I downgraded my Chase Preferred card back in 2014 or 2015 to the no-annual fee version that’s no longer available.

    1. Andrew

      I'm not sure, but you could always downgrade to a chase freedom card and then reapply for the preferred fee card with the 100k bonus.

    2. Ivan X

      You can still convert any Sapphire or Freedom card to the old no-fee Sapphire, even though you can no longer apply for that. Normally you would be auto-rejected if you apply and are holding another Sapphire card, but I don’t know if that actually applies the the no-fee Sapphire. You could convert it to a Freedom Unlimited first if you want to be sure. (I can’t think of any reason why you’d want the no-fee...

      You can still convert any Sapphire or Freedom card to the old no-fee Sapphire, even though you can no longer apply for that. Normally you would be auto-rejected if you apply and are holding another Sapphire card, but I don’t know if that actually applies the the no-fee Sapphire. You could convert it to a Freedom Unlimited first if you want to be sure. (I can’t think of any reason why you’d want the no-fee Sapphire no-fee over the Freedom Unlimited, so you might not want to convert it back, even though you could.)

    3. omaatCommenter

      No. I applied for the CSP a few weeks back when the bonus was 80k, and got rejected b/c i "already have a Sapphire card". I had actually cancelled the no-fee sapphire a few days before but didn't wait long enough to apply.
      If you do want to get rid of the no-fee and go for this, it seems like consensus is to convert it to another chase card and you can apply sooner. Otherwise, wait a week after cancelling.

    4. Heather

      did you find out what the grace period needs to be? I'd love to cancel my Reserve to get the Preferred.

Featured Comments Load all 64 comments Most helpful comments ( as chosen by the OMAAT community ).

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Steve

What is worse the Aegon Mykonos or the new site redesign???

DiscoPapa

Any idea when the 100k offer will be available through referral links? I’d love to send it to a few friends, but the referral page still only has 80k.

Michelle

The new site design..... I love one mile at a time but this new site design is so so awful and it really hurts my eyes and is so messy.

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