Get $2,000+ in travel with Chase Sapphire Preferred’s 100,000-point offer – Image for illustrative purposes only (Image credits: Pixabay)
The Chase Sapphire Preferred card has returned with its strongest welcome bonus yet. New cardholders can earn 100,000 Ultimate Rewards points after meeting a $5,000 spending requirement in the first three months. Valuations place that bonus at up to $2,050 in travel, matching the highest offer in the card’s history and arriving without any increase to the $95 annual fee.
A Strong Return for New Applicants
Many travelers view the Sapphire Preferred as an accessible entry point into premium rewards. The current promotion reinforces that reputation by delivering substantial upfront value. Cardholders can redeem the points through Chase Travel or transfer them to airline and hotel partners for even greater returns on aspirational trips.
The timing stands out because the card also received several earning and benefit upgrades in recent months. These adjustments expand everyday utility without complicating the core experience that has kept the card popular among both new and longtime users.
Expanded Ways to Earn Points
Chase introduced or enhanced several bonus categories that reward common purchases. The full list now includes:
- 5 points per dollar on Chase Travel purchases such as flights, hotels, and cruises
- 5 points per dollar on Lyft rides through September 2027
- 5 points per dollar on eligible Peloton equipment over $150 through December 2027
- 3 points per dollar on gas stations and electric vehicle charging
- 3 points per dollar on vacation homes booked through select brands
- 3 points per dollar on dining, select streaming services, and online groceries
- 2 points per dollar on other travel purchases
- 1 point per dollar on everything else
These rates allow cardholders to accumulate points steadily after the initial bonus period. The additions around gas, electric charging, and vacation rentals address spending patterns that many travelers encounter regularly.
Improved Statement Credits and New Perks
The annual hotel credit doubled from $50 to $100 and now applies to prepaid stays booked through Chase Travel. New cardholders also gain a one-year Apple TV+ subscription when activated by year-end and up to $120 in credits every four years for Global Entry, TSA PreCheck, or Nexus applications.
Existing benefits such as the annual DoorDash DashPass membership and monthly $10 non-restaurant credit continue without change. Together these features offset much of the modest annual fee while providing practical travel and lifestyle value throughout the year.
Transfer Options Remain Attractive
Ultimate Rewards points continue to transfer at a 1:1 ratio to most airline and hotel partners. This flexibility supports high-value redemptions on premium cabins and desirable properties. One notable adjustment affects new applicants: transfers to World of Hyatt will move to a 4:3 ratio starting June 15, though existing cardholders retain the original 1:1 rate until October.
Even with that shift, the overall partner roster and redemption options keep the points among the most versatile currencies available. Many users still find strong value in business-class awards and resort stays that cost far less in points than their cash prices.
The Sapphire Preferred continues to balance a low annual fee with meaningful rewards and perks. Its latest offer and updates make it a timely consideration for anyone building a travel rewards strategy this year.
