Chase has confirmed to industry observers that the limited-time 100,000-point welcome bonus on the Sapphire Preferred card is drawing to a close. The promotion, which started on June 15, stands out as only the third instance of such a high offer in the card’s history. Cardholders and applicants now face a short window to decide before the elevated bonus is no longer available.
Rare Bonus Size at a Modest Fee
The 100,000-point target requires $5,000 in purchases within the first three months of account opening. Valuations place the bonus at roughly $2,050, a figure typically associated with premium cards that carry annual fees several times higher than the Sapphire Preferred’s $95 charge.
This combination of points volume and low ongoing cost has made the card attractive even to those who already hold other premium travel products. The offer exceeds the 75,000-point level that was in place before June 15, creating a meaningful gap for anyone who delays.
Confirmation and Timeline Details
Chase has described the promotion as ending soon without releasing an exact calendar date. The previous 100,000-point window lasted approximately six weeks, suggesting the current period may follow a similar pattern.
Applicants who miss the deadline will likely face a return to the prior 75,000-point offer or another lower amount. Historical patterns indicate that replacement bonuses have not matched the current level.
Offer snapshot
- 100,000 bonus points after $5,000 spend in three months
- $95 annual fee
- Launched June 15, 2026
- Status: ending soon per Chase
Updated Eligibility Rules
Chase revised its Sapphire rules earlier this year, allowing cardholders to hold both the Sapphire Preferred and the Sapphire Reserve simultaneously. This change removes a previous barrier for many applicants.
Standard requirements remain in place: applicants must not have received a Sapphire Preferred welcome bonus as the primary cardholder, must fall under Chase’s 5/24 rule, and should maintain good or excellent credit. Each case is evaluated individually by the issuer.
Redemption Flexibility and Next Steps
Points earned through the bonus can be transferred to 14 airline and hotel partners for premium travel or redeemed directly through Chase Travel for flights, hotels, and other bookings. Recent redemptions have included business-class flights to Europe starting around 60,000 points and multiple nights at Hyatt properties.
Those who meet the spending requirement and eligibility criteria may want to review their options promptly. Once the elevated bonus ends, recovering the same value is unlikely in the near term.
