Best-ever 100,000-point offer for Sapphire Preferred and increased bonus for Sapphire Reserve

Jun 4, 2021

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As travel is ramping back up, Chase is also coming out full force with an amazing, best-ever 100,000 point offer on the Chase Sapphire Preferred.

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With the issuer’s ever-popular Chase Sapphire Preferred Card, you can now earn the highest sign-up bonus we’ve seen in this card’s 12-year run. As of today, you can earn 100,000 bonus points after spending $4,000 on purchases within the first three months of account opening.

According to TPG point valuations, that is $2,000 in value from one card bonus. And this isn’t a card you get just for the bonus — it is one of the best travel rewards credit cards on the market. The Sapphire Preferred has just a $95 annual fee, so there is tremendous value in this massive offer.

Meanwhile, the premium Chase Sapphire Reserve, with a $550 annual fee, will continue to offer 60,000 bonus points after spending $4,000 on purchases within the first three months of account opening.

Let’s explore this extraordinary Sapphire Preferred sign-up bonus and look at two of the two best travel rewards cards available.

Application link: Chase Sapphire Preferred available with the best-ever sign-up bonus of 100,000 bonus points.
Application link: Chase Sapphire Reserve available with 60,000 bonus points.

Chase Sapphire Preferred Card available with 100,000 bonus points

Sign-up bonus: Earn 100,000 bonus points after spending $4,000 on purchases within the first three months of account opening. TPG values this offer at $2,000 if you maximize the points with the Ultimate Rewards hotel and airline partners. The points are worth $1,250 when used via Chase’s travel booking portal at a fixed value or on other eligible charges via Chase’s Pay Yourself Back program.

Annual fee: $95.

Earning rate: 5x total points on all travel purchased through Chase Ultimate Rewards, 3x points on dining, including eligible delivery services, takeout and dining out, 3x points on select streaming services, 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs), 2x points on all other travel, 1x point on all other purchases

Chase Sapphire Reserve Card with 60,000 bonus points

(Photo by The Points Guy)

Sign-up bonus: Earn 60,000 bonus points after spending $4,000 on purchases within the first three months of account opening. TPG values this offer at $1,200 if maximized with the Ultimate Rewards hotel and airline partners. If you use the points at a fixed value via the Chase travel portal or via Chase Pay Yourself Back they are worth $900.

Annual fee: $550.

Earning rate: Earn 10 points per dollar on Lyft (through March 2022), 3 points per dollar on dining and travel.

How do you use your Chase Ultimate Rewards points?

Here at TPG, we constantly talk about Chase Ultimate Rewards points and how incredibly valuable they are when used for travel. Let’s quickly go over how to use your points for maximum value.

Redeem for travel through the Ultimate Rewards portal

The first option is to book travel through the Ultimate Rewards portal and receive a redemption bonus. The Chase Sapphire Preferred offers a 25% redemption boost, while the Chase Sapphire Reserve offers a 50% redemption boost. This means that your points are respectively worth 1.25 cents or 1.5 cents each for travel.

For example, you could book a $1,000 flight (on any airline) via the Chase travel site (which looks and works much like for 80,000 points with the Sapphire Preferred or just 66,667 points with the Sapphire Reserve.

What’s great about this option is that you can book virtually any travel on this portal. From flights and hotels to cruises, rental cars, tours and more, there’s no shortage of travel opportunities with this flexible redemption option.

Related: How to book travel through Chase Ultimate Rewards

Transfer to Chase’s loyalty program partners

However, to get maximum value from your Chase points, you may need to go beyond the travel booking portal.

The most rewarding booking options may come from Chase’s robust portfolio of transfer partners. With 10 airline and three hotel partners, you have the opportunity to transfer your Ultimate Rewards points at a 1:1 ratio with your Sapphire Preferred or Sapphire Reserve to programs such as United MileagePlus, Southwest Rapid Rewards, World of Hyatt, Singapore Airlines KrisFlyer and more.

This means that the 100,000 bonus points on the Sapphire Preferred are worth 100,000 points or miles with any of Chase’s loyalty programs, including popular options such as United MileagePlus, Southwest Rapid Rewards, World of Hyatt and more.

Transferring your Chase points is where you can outsize their value beyond a fixed amount. While we value Ultimate Rewards points at 2 cents (on average) for transfer partners, you have the potential to maximize and score a business-class flight worth thousands of dollars with your points.

Here at TPG, we have tons of guides on sweet spots and the best ways to use your Ultimate Rewards points.

As an avid lover of my Chase Sapphire Preferred, I’ve scored a $5,000 Air France business-class flight by transferring 53,000 Ultimate Rewards points to the Flying Blue loyalty program. That means I got a whopping 9.4 cents of value from my points, almost five times more than our valuation of Ultimate Rewards points.

Getting a 100,000-point bonus from the $95 Sapphire Preferred is unheard of, especially with a reasonable spending threshold of $4,000 in the first three months of account opening. You’ll have your choice of many great ways to use those 100,000 Ultimate Rewards points.

What other benefits and perks are there?

We’re not just captivated by the unbelievable sign-up bonus. The Chase Sapphire Preferred and the Chase Sapphire Reserve both come with some of the best travel and purchase benefits of any cards out there.

Related: Looking for a credit card? Reasons why the Chase Sapphire Preferred should be your first

We’re talking complimentary primary rental car coverage, trip delay, cancellation and interruption coverage, baggage loss and delay insurance, 24/7 travel and emergency assistance and more on both cards.

The Chase Sapphire Reserve comes with a much higher annual fee but has plenty of benefits to compensate, including a $300 annual travel statement credit, Priority Pass Select membership for access to more than 1,300 lounges worldwide and more.

Related: Chase Sapphire showdown: Sapphire Preferred vs. Sapphire Reserve

Who’s eligible for this sign-up bonus?

Before you get too excited, we want to remind you of a few restrictions that may limit your eligibility for these sign-up bonuses.

First, there’s Chase’s infamous 5/24 rule. This means you’ll automatically be denied for any Chase card if you’ve opened five or more credit cards (from any issuer) in the past 24 months. Even if you have a near-perfect credit score, you’ll need to be under 5/24 to qualify for either the Chase Sapphire Preferred or the Chase Sapphire Reserve.

Related: The best ways to use your 5/24 slots

Additionally, you won’t be eligible to snag either sign-up bonus if you are a current cardmember of any Sapphire card or a previous cardmember of either Sapphire card who’s received a sign-up bonus for a Sapphire card in the past 48 months.

Bottom line

Chase is known for raising the bar for the credit card market — but we’ve never seen the sign-up bonus publicly raised this high for the Chase Sapphire Preferred.

The Sapphire Preferred was already one of the most well-rounded travel rewards cards out there — and we absolutely recommend snagging this exclusive 100,000-point offer while it is available. If you like the additional benefits of the Reserve card, you can always inquire with Chase about upgrading to that card down the road.

But for now, this 100,000-point bonus is something to get very, very excited about.

Apply now for the Chase Sapphire Preferred with 100,000 bonus points.
Apply now for the Chase Sapphire Reserve with 60,000 bonus points.

Want to learn more about these cards? Read our in-depth review of the Chase Sapphire Preferred and the Chase Sapphire Reserve cards.

Featured photo by The Points Guy.

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