Chase Sapphire Preferred® Card

We haven’t seen an offer like this in nearly four years. Chase has brought back their 100,000 point initial bonus offer for the Sapphire Preferred Card, earned after you spend $5,000 on purchases in the first 3 months from account opening.

You can redeem the points at 1.25 cents apiece towards travel through Chase’s portal, or transfer them to airline and hotel points:

• Star Alliance: United MileagePlus, Singapore Airlines KrisFlyer, Air Canada Aeroplan
  
• oneworld: British Airways Executive Club, Iberia Plus
  
• SkyTeam: Air France KLM Flying Blue, Virgin Atlantic Flying Club
  
• Non-alliance: Southwest Airlines Rapid Rewards, Aer Lingus AerClub, Emirates Skywards
• Hotels: World of Hyatt, Marriott Bonvoy, IHG One Rewards

Air France A350 Business Class

The card earns 5x on travel purchased through Chase Travel, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases. It also comes with a $50 Annual Chase Travel Hotel Credit.

And noteworthy are the protections that come with this card. You can count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more. And you can get complimentary access to DoorDash DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.

Park Hyatt St. Kitts

The Sapphire Preferred card was probably the first card I was really excited to use, not just get approved for and earn a bonus with. Sure I used to use the Starwood Amex for my unbonused spend back in the day, but when this bad boy first came in the mail I was excited to pull it out at a restaurant for the first time and earn double points.

I started racking up points more quickly, since I was earning two points per dollar on all travel and dining back then – the categories I spent the most on. And these were points that could transfer to different airlines and hotels.

When Chase offered 100,000 points as an initial bonus back in July 2021, I jumped on it.

• 5/24 probably applies: with most Chase cards you need to have had fewer than 5 new cards in the past 24 months to be eligible.

• 48 months between bonuses: You cannot have an open Sapphire card, and cannot have received a new cardmember bonus for any Sapphire card in the past 48 months.

The offer comes just a little bit too early for me. I’d been about 43 months since I earned a bonus with this card, and I can’t imagine the offer sticks around long enough for me to take advantage of it again. I wish I wasn’t shut out from this, because it’s the most compelling card offer I think I’ve seen in a long time.

Chase’s points are among the most valuable. This is a lot of points that are on offer. And the spending requirement to earn them is fairly modest. Meanwhile, the card’s annual fee is still just $95 and it earns triple points on dining which is great, too.

Singapore Airlines Airbus A380 First Class

Plus, it can serve as your Chase ‘hub’ – meaning that if you have other no annual fee cards like Chase Freedom Unlimited® – which earns 3x on drugstore purchases and dining and 1.5x on all other purchases – you can transfer those points into a Sapphire Preferred account and they become more valuable, and transferable.

This matches the best offer we’ve ever seen. I’d consider jumping on this opportunity to apply.

Chase Sapphire Preferred® Card