WOW: Chase Sapphire Preferred 100K Bonus

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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.

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

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.

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

Also keep in mind the general rules of applying for Chase cards, including the 5/24 rule.

Keep in mind the restrictions on being approved for Chase cards

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:

Read a full review of the Chase Sapphire Preferred here.

Earn 2x points on dining & travel with this card

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 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.

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  1. 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.

  2. 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.

  3. 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.

  4. Ken

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

  5. 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.

  6. 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.

  7. Alex

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

  8. 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 :)

  9. 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.

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. Joe1293

    Awesome news
    Can’t wait to check it out

  15. 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.

  16. 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?

Featured Comments Load all 36 comments Most helpful comments ( as chosen by the OMAAT community ).

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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.

Steve

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

Tiffany

@ Chris @ Alex -- Nope, not at all.

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