Limited Time: Chase Sapphire Preferred® Card Welcome Offer Increases to 100,000 Bonus Points

For years, the Chase Sapphire Preferred® Card has been one of the most popular credit cards in the U.S. due to its manageable annual fee, excellent spending bonuses and valuable other benefits (such as a $50 annual statement credit toward hotel purchases through the Chase Travel℠ portal). However, on April 3, 2025, Chase gave consumers even more incentive to sign up for this already-great card by raising its welcome offer to a whopping 100,000 points.

Now, for a limited time, new Chase Sapphire Preferred cardmembers can earn 100,000 bonus points when they spend at least $5,000 on their card within the first three months after account opening. Typically, welcome offers this large have a higher spending requirement. But, this limited-time welcome offer is both valuable and achievable.

The 100,000 Chase Ultimate Rewards points that you could earn from this welcome offer are worth at least $1,000. However, with the Sapphire Preferred Card, Ultimate Rewards points redeemed through the Chase Travel℠ portal are worth 1.25 apiece, meaning those 100,000 points would be worth $1,250 through Chase Travel℠. Plus, by redeeming those points through Chase’s 14 transfer partners, you could get even more value than that.

So, if you’re eligible to earn a welcome offer from the Chase Sapphire Preferred Card (and you may want to check your Chase 5/24 status), then this is an amazing time to sign up for this card and earn this bonus.

Chase Sapphire Preferred Limited-Time Welcome Offer

Starting on April 3, 2025, new cardmembers of the Chase Sapphire Preferred Card can receive a welcome offer of 100,000 Ultimate Rewards points if they spend at least $5,000 on their card within the first 3 months after account opening.

The $5,000 spending threshold to earn this bonus only includes “purchases” and doesn’t include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges or fees of any kind.

Once you reach the $5,000 spending bonus, it may take between six and eight weeks for the points to post to your account. Chase Ultimate Rewards points don’t expire as long as you keep your account open and in good standing.

As mentioned above, those 100,00 points are worth at least $1,000, which is enough to offset this card’s $95 annual fee for over 10 years. Plus, if you redeem these points for flights, hotels, rental cars and more through Chase Travel℠, they’re worth 1.25 cents apiece for a total of $1,250.

You can get even more value per point by transferring Ultimate Rewards points to certain airline and hotel transfer partners and finding redemptions that offer high value. By using this method, that 100,000-point bonus could be worth several thousand dollars.

Who Can Qualify for the Chase Sapphire Preferred Welcome Offer?

If you’ve never had the Sapphire Preferred Card before, you should be eligible to earn this bonus if your card application is approved.

However, if you’re over Chase’s 5/24 rule, then you may not be eligible for this limited-time offer. This rule essentially states that you won’t be approved for a new Chase credit card if you’ve opened five or more personal credit cards in the past 24 months across all banks. So, you’ll want to make sure you’re below that threshold before applying for the Chase Sapphire Preferred.

Even if you’ve had the Chase Sapphire Preferred Card in the past, you may still be eligible for this welcome offer as long as you earned the last bonus on a Sapphire-family card (including the Chase Sapphire Preferred Card and the Chase Sapphire Reserve®) more than 48 months ago and don’t currently have a Sapphire card.

Chase Sapphire Preferred Overview

In considering whether or not you should sign up for the Chase Sapphire Preferred, you should look at every aspect of the card and not just the welcome offer. This card has an annual fee of $95. However, it also includes some excellent spending bonuses and other benefits that can help you offset that annual fee year after year.

The following table includes all of the most important information about the Chase Sapphire Preferred card:

As you can see, this card’s spending bonuses and benefits can easily offset its $95 annual fee if you use them to the fullest. For one, if you use the $50 annual statement credit for Chase Travel℠ hotels every year, then it’s almost as if your annual fee is only $45. And, with the massive 100,000-point welcome offer and other benefits mentioned above, it’s easy to make the Chase Sapphire Preferred a net benefit for you.

The Bottom Line

With the recent increase in its welcome offer from 60,000 points to 100,000 points, the Chase Sapphire Preferred Card just got even more lucrative. Before this increase, the Sapphire Preferred Card was already one of the most popular credit cards in the U.S. due to its valuable spending bonuses and other benefits. And, now that it’s offering a welcome bonus worth $1,250 through the Chase Travel℠ portal and possibly much more through transfer partners, it’s hard to think of a reason why you shouldn’t apply for this card.

The Chase Sapphire Preferred also offers excellent spending bonuses on travel purchases made through Chase Travel℠, dining, online grocery purchases, select streaming services and more. And it comes with a $50 annual statement credit towards hotel stays purchased through Chase Travel℠. With these benefits and the whopping new 100,000-point welcome offer, you’ll easily offset this card’s $95 annual fee for years into the future.