Chase's public 100,000-point Sapphire Preferred offer dropped to 75,000 on July 30, 2026, five hours after an OFFER ENDS SOON label appeared. Referral links kept showing 100,000 for a few more days and have now dropped to 75,000 too. Both doors are shut.
Updated August 6, 2026: the referral route is closed. Referral links showed 100,000 points through the morning of July 31; as of August 6 they show 75,000 points, the same as the public offer. Referral pages are personal and cannot be scraped from here, so this one is confirmed by our own account holder rather than by an archived page, and we are labeling it that way. Both the public offer and the referral offer are now 75,000 points after $5,000 in 3 months. The timeline below stands as a record of what happened between July 30 and August 6.
TL;DR
- On Thursday, July 30, 2026, Chase ended the public 100,000-point welcome offer on the Sapphire Preferred. The public page now shows 75,000 points after $5,000 in purchases in 3 months.
- Referral links held 100,000 points through Friday morning, July 31, then dropped. As of August 6 they show 75,000 points, matching the public offer. There is no longer a 100,000-point route.
- At our valuation of 2 cents per point, the 25,000 points that disappeared were worth about $500 in travel.
- We archived every version of every public page. The welcome bonus tracker carries the current 75,000-point figure.
The biggest public welcome offer Chase has run on the Sapphire Preferred died on Thursday afternoon. It took about five hours from warning to gone, and we happened to be scraping the page at both ends of it. Here is the full timeline, what the offer looks like now, and what happened to the referral route that briefly outlived it.
We scrape issuer pages daily for our welcome bonus tracker, so we have timestamped copies of Chase's own Sapphire Preferred page from both sides of the change. All times Eastern, Thursday, July 30, 2026:
| Time | What Chase's page said |
|---|---|
| 11:30 AM | 100,000 points after $5,000 in purchases in 3 months, with a brand-new label: "OFFER ENDS SOON" |
| 4:45 PM | 75,000 points, same spending requirement. The label was gone, because the thing it warned about had happened. |
No end date was ever published. The label appeared, and roughly five hours later the offer was 25,000 points smaller. If you applied Thursday morning, you caught the top.
The public offer on the Sapphire Preferred is now 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. The annual fee is $95. Chase's fine print notes the bonus posts to your account 6 to 8 weeks after you qualify, and that balance transfers, cash advances, and cash-like transactions do not count as purchases toward the $5,000. For our original breakdown of that now-reverted elevated offer, see our coverage of the Sapphire Preferred's welcome bonus.
Chase runs a separate offer surface for referrals, where an existing cardmember shares a personal link and earns points if the application goes through. Referral landing pages do not always match the public page, and for a few days they didn't: when we checked at 5:15 PM Thursday, July 30, and again at 8:20 AM Friday, July 31, the Sapphire Preferred referral page still showed 100,000 bonus points after $5,000 in purchases in 3 months, with Chase's own "LIMITED-TIME OFFER" label on it.
That gap has closed. As of August 6, 2026, referral links show 75,000 points, the same as the public page. The limited-time label is gone.
One note on how we know. Referral pages are personal to the cardmember who generates them, so we cannot scrape or archive them the way we do public product pages. The July 30 and July 31 figures were captured from a referral page we had open. The August 6 figure comes from our own cardmember account rather than an archived public page. That is a weaker receipt than the ones above it, and we would rather say so than pretend otherwise.
If someone sends you a referral link, trust what the page shows you when you open it, not what any article says. That was true when the number was higher and it is true now.
We value Chase points at about 2 cents each when transferred to travel partners and redeemed well, which is the valuation our tracker uses across all cards. On that math:
Waiting a day cost anyone on the fence about $500. That is the real lesson of the "OFFER ENDS SOON" label: when an issuer prints it, the label is the end date. If you're deciding between the Preferred and its pricier sibling, our Sapphire Preferred versus Sapphire Reserve comparison breaks down which one actually fits your spending.
The public offer gave about five hours of warning. The referral route gave about a week more, unannounced, to anyone who happened to have a link. Neither had a published end date.
That is the pattern worth taking away. When an issuer prints "OFFER ENDS SOON," the label is the end date. And when a side door stays open after the front one shuts, it is closing too, just on a schedule nobody publishes. If you already applied and are wondering what to add next, see our list of the best cards to pair with the Sapphire Preferred.
The welcome bonus tracker re-verifies bonuses against issuer pages daily and stamps the date on every number.
What is the Chase Sapphire Preferred welcome bonus right now? The public offer is 75,000 bonus points after $5,000 in purchases in the first 3 months, as shown on Chase's Sapphire Preferred page since the afternoon of July 30, 2026.
Can I still get 100,000 points on the Sapphire Preferred? No. The public offer dropped to 75,000 on July 30, 2026, and referral links followed. As of August 6, 2026 both show 75,000 points after $5,000 in 3 months.
What is the annual fee? $95.
When does the bonus post? Per Chase's terms, 6 to 8 weeks after you meet the spending requirement.
Did Chase announce the downgrade in advance? No date was published. An "OFFER ENDS SOON" label appeared on the public page the morning of July 30, and the offer dropped to 75,000 points that same afternoon.