The Chase Sapphire Preferred® Card is back to its highest-ever public offer: 100,000 Ultimate Rewards points after spending $5,000 in the first three months. At The Points Party's standard valuation of 2 cents per point, that's $2,000 in potential travel value sitting on the table.

This offer doesn't stick around. Here's what you need to act before it disappears.

What You're Getting

The Chase Sapphire Preferred® carries a $95 annual fee and earns 5x points on travel booked through Chase Travel, 3x on dining, and 2x on all other travel. But the real draw right now is the welcome bonus.

100,000 Ultimate Rewards points is enough to fly business class to Europe on a partner airline, cover 10 nights at a mid-tier hotel through the Chase portal, or split across multiple redemptions over several trips. For a $95 card, that math is hard to argue with.

The $5,000 spending requirement over three months works out to roughly $1,667 per month. For most households covering groceries, utilities, dining, and subscriptions, that's doable without manufactured spending.

Who Qualifies (And Who Doesn't)

Before you apply, confirm you meet Chase's eligibility rules. The most common traps:

• Chase 5/24 rule: You cannot have opened five or more credit card accounts across all banks in the last 24 months. This is the single biggest disqualifier. Check your credit report before applying. (What is Chase's 5/24 rule?)
• Previous Sapphire bonus: Chase's current policy treats welcome bonus eligibility as once per Sapphire product. If you've previously received the Sapphire Preferred bonus, you're likely ineligible for this offer, even if your card is closed. However, if you've only earned the Chase Sapphire Reserve® bonus, you may still qualify for this one.
• Authorized users: Being an authorized user on someone else's Sapphire card does not disqualify you from applying for your own.
• Product changes: Switching an existing Chase card to a Sapphire Preferred through a product change does not earn a welcome bonus. You must submit a brand-new application.

If you're unsure about your eligibility, the Chase Sapphire Preferred eligibility guide breaks down each rule in detail.

How to Track Your Progress

Once approved, head to the Chase online account or app, navigate to Benefits and Travel, then select Rewards. The spending tracker updates regularly but can lag a few days behind posted transactions. Don't rely on mental math. Monitor it directly.

One important note: your annual fee does not count toward the $5,000 threshold. Neither do returns, refunds, or cash advances. Only eligible purchases count, and they must post to your account during the three-month window, not just be initiated.

Set a calendar reminder for the two-week mark before your deadline. That buffer matters if any transactions take time to post.

The Bottom Line

The Chase Sapphire Preferred® at 100,000 points is genuinely one of the better entry-level travel card offers we've seen at this price point. If you've been waiting for the right moment to add a Chase travel card, this is it. Just confirm your eligibility first and plan your spending before you apply.

Offers at this level don't come around often, and they end without warning.

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