In my opinion this is the best credit card sign-up bonus we’ve ever seen, between the huge number of points and reasonable spending requirement, all for a card that’s generally worth having.
Chase Sapphire Preferred offering 100,000 points
The Chase Sapphire Preferred is now offering the best publicly available bonus we’ve ever seen on this card. The card is offering 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.
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
Why you should get the Chase Sapphire Preferred
The $95 annual fee Chase Sapphire Preferred is one of the most well-rounded mid-range cards out there. The card:
- Offers 2x points on dining and travel
- Has great travel protection
- Acts as a good “hub” card for Chase Ultimate Rewards, and lets you maximize the other cards in the portfolio
- Offers flexible points that can be transferred to a Chase Ultimate Rewards airline or hotel partner, can be redeemed at 1.25 cents each towards a travel purchase, or for a limited time can be redeemed at that rate towards everyday expenses
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 arguably the best publicly available welcome bonus we’ve ever seen on any card.
If you don’t yet have this card, you absolutely should apply.