Chase Sapphire Preferred is at 100,000 points after $5,000 in 3 months, up from the standard 75,000, on a $95 card. Chase has it flagged to end soon.
Chase Sapphire Preferred is running a 100,000 point welcome bonus for new cardmembers, and Chase has the offer flagged to end soon. This is the highest public offer this card carries, and it is expected to end this month.
Here is exactly what the offer is, what the points are worth, and who should actually take it.
Chase states the terms plainly on its own product page: "New Cardmember Bonus – 100,000 Points: To qualify, you must make $5,000 in purchases during the first 3 months from account opening."
| Detail | What it is |
|---|---|
| Welcome bonus | 100,000 points |
| Spending required | $5,000 |
| Time to spend it | 3 months from account opening |
| Annual fee | $95 |
| Standard offer | 75,000 points |
The part worth focusing on is the last row. The normal public offer on this card is 75,000 points. Right now Chase shows 75,000 struck through with 100,000 in its place, and the spending requirement did not move. You earn 25,000 extra points for spending exactly what the standard offer already asked you to spend.
Chase's product page carries a banner reading "OFFER ENDS SOON." Chase does not print a specific end date on that page, and this elevated offer is expected to end this month.
Elevated public offers come down on the issuer's schedule with no warning to applicants. If this card is already on your list, the deadline is the reason to stop deliberating.
By our valuation of 2 cents per point, 100,000 points is worth about $2,000. That is our own number, not Chase's, and it reflects redeeming points for travel rather than cashing them out at a lower rate.
Set that against the $95 annual fee. Even after the first year's fee, the bonus alone clears well over a thousand dollars of value. There are not many first-year propositions in this category that look like that.
This is the part that decides whether the offer is good for you, and it is where people talk themselves into trouble.
$5,000 across three months is about $1,667 a month. Run your actual numbers before you apply:
The bonus is only free if the spending was going to happen anyway.
Both Sapphire cards are sitting at 100,000 points at the same time, which makes the comparison unusually clean.
| Sapphire Preferred | Sapphire Reserve | |
|---|---|---|
| Welcome bonus | 100,000 points | 100,000 points |
| Spending required | $5,000 | $6,000 |
| Time to spend it | 3 months | 3 months |
| Annual fee | $95 | $795 |
Same bonus, and the Preferred asks for $1,000 less spending and $700 less in annual fee. For anyone whose goal is the welcome bonus itself, the Preferred is the more efficient way to get 100,000 points.
The Reserve earns its fee through benefits rather than through a bigger bonus, so it is a different decision. If the bonus is what you are here for, the math above is the whole story.
How much is the Chase Sapphire Preferred welcome bonus right now? 100,000 points after you spend $5,000 in purchases in the first 3 months from account opening.
When does the 100,000 point offer end? Chase's page is flagged "offer ends soon" without a printed end date. It is expected to end this month.
What is the annual fee? $95.
Is 100,000 points better than the usual offer? Yes. The standard public offer on this card is 75,000 points for the same $5,000 of spending, so this is 25,000 additional points at no extra cost.
Is the Reserve's 100,000 point offer better? Not for the bonus alone. The Reserve requires $6,000 of spending and carries a $795 annual fee, against $5,000 and $95 on the Preferred.
100,000 points for $5,000 of spending on a $95 card, when the standard offer is 75,000, is the strongest public offer this card runs. Chase has it marked to end soon and it is expected to be gone this month. If the spending fits your real budget, this is the moment. If it does not, no bonus is worth the interest.
Want to see every current welcome bonus we track, with the date each one was last verified? Our welcome bonus tracker keeps the whole list current.