The Chase Sapphire Preferred card has reached its highest sign-up bonus yet, and the window to claim it is closing fast. Applicants who meet the spending requirement can earn 100,000 Ultimate Rewards points after spending $5,000 in the first three months. The offer expires at 3 p.m. ET on Thursday, July 30, marking only the third time the card has hit this level in its history.
The Deadline Creates Real Urgency
Many card applicants delay decisions until the final hours, only to miss out when the promotion ends. Past experience shows that readers often contact the team shortly after an offer expires, hoping for an extension that never comes. This time the cutoff is firm, leaving just two days for anyone still considering the card.
Previous cardholders who downgraded years ago have reported approvals under the current terms. The same holds for some existing Sapphire Reserve holders. Chase displays an eligibility notice during the application process, so applicants can check their status before submitting.
Points Deliver Strong Travel Value
At current valuations, 100,000 points equal roughly $2,050 when redeemed for travel. Even straightforward bookings through Chase Travel yield at least $1,000 in value. Transferring points to airline and hotel partners often produces higher returns, especially on premium cabins or desirable properties.
Additional tools such as Points Boost on select flights and hotels can stretch the bonus further. The flexibility of Ultimate Rewards continues to set the currency apart from many competitors that have also reached six-figure offers.
Fresh Earning Rates and Perks
The card now awards 5 points per dollar on purchases through Chase Travel. Several categories earn 3 points per dollar, including dining with takeout and delivery, select streaming services, gas stations and EV charging, vacation rentals on platforms such as Airbnb and Vrbo, and online grocery purchases excluding big-box retailers.
New statement credits offset the annual fee for many users. A $100 credit applies to prepaid hotel stays booked through Chase Travel with no minimum stay required. Every four years, cardholders receive up to $120 toward Global Entry, TSA PreCheck, or Nexus applications. New cardholders also receive one year of Apple TV+ when activated by December 31.
Why Waiting Carries Real Risk
Another 100,000-point offer is not guaranteed to return soon. The card has carried the same annual fee since its launch more than 15 years ago, yet the combination of bonus size and recent enhancements makes this window stand out. New applicants face a 4:3 transfer ratio to World of Hyatt, while existing holders keep the 1:1 rate until October 1.
Those who have considered the card should review their eligibility and apply before the deadline passes. The points earned from everyday spending on the updated categories add to the initial bonus and extend its usefulness for future trips.
