This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: This offer is no longer available.

Update 11:54am: Chase has reached out to clarify that Chase Sapphire cardholders are eligible in addition to Chase Sapphire Reserve and Chase Sapphire Preferred cardholders.

Chase made waves last fall with the spectacular 100,000-point offer on the brand-new Chase Sapphire Reserve card, which proved to be so popular that the bank temporarily ran out of the material to make the cards. Now, Chase is back again now with a new 100k offer: Through August 6, you’ll get 100,000 Ultimate Rewards points for closing a new mortgage through Chase Mortgage.

In a unique twist, this offer is only for Chase Sapphire Reserve, Chase Sapphire Preferred and Chase Sapphire cardholders. Chase stats show a rather amazing figure: More than half of Chase Sapphire Preferred/Reserve customers are millennials. And, while many millennials are jet setters, Chase research shows home ownership is still a top priority for this generation. So, the bank wants to keep the relationship going with these cardholders with this new bonus.

Chase Mortgage_Ultimate Rewards_2

Chase reached out to give us an early heads-up about this new offer. And, we tried to ask all the questions you would have:

  • Will these points be transferable to Ultimate Rewards partners? Yes. The 100,000 points will be deposited into your credit card UR account and can be transferred to partners or spent on travel.
  • Is this offer available for refinances or home equity loans? No. This offer is only for customers purchasing a home.
  • Is there a minimum mortgage principal amount? No minimum principal balance is tied to this particular offer.
  • Will maintaining your mortgage keep your Ultimate Rewards account active if you close your Chase Sapphire Preferred/Reserve? No. As the points will be transferred to your Sapphire card, these points will be tied to the expiration policies of these cards.
  • Does this offer combine with the current $595 cash back offer from Chase Mortgage? Yes. If customers enroll in automatic mortgage payments from a Chase checking account and select paperless mortgage statements, new homeowners can also earn this $595 cash back offer in addition to the UR bonus.

This 100,000-point bonus is equal to $1,500 of free travel for Reserve cardholders — or $1,250 for Preferred cardholders — when redeemed through the Chase travel portal. But, this should be seen as a baseline value. By transferring these Ultimate Rewards points to transfer partners, you can get much more value out of these points.

Bottom Line

We applaud Chase for thinking of an innovative way of standing out in the mortgage market. This is a particularly wise move to continue to connect with its huge, young contingent of Chase Sapphire customers.

A whopping $1,500 of travel expenses — or even more value when you transfer to UR partners — is a compelling bonus for signing up for a mortgage. And, it can get even better combined with Chase Mortgage’s $595 cash back offer.

Of course, a sign-up bonus isn’t the only important aspect to consider when you are getting a loan. Make sure that you’re not accepting a higher interest rate or worse terms for this up-front bonus. That said, if rates and terms are similar, Chase makes a strong case for your business with this offer.

Featured image courtesy of courtneyk via Getty Images.

What do you think about the new offer?

The Business Platinum® Card from American Express

Aside from the 75,000 points welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
Regular APR
Annual Fee
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.