The Chase Sapphire Preferred's best-ever welcome offer is on its way out, and there's a real chance it doesn't come back anytime soon. Right now, new applicants for the Chase Sapphire Preferred® Card can earn 100,000 bonus Ultimate Rewards points after spending $5,000 in the first three months, up from the card's standard 75,000-point offer. Chase hasn't announced an exact end date, but the company has confirmed the elevated bonus is wrapping up soon. If this card has been on your radar, now's the time to move.

Why this offer stands out

A 100,000-point bonus has only shown up on the Chase Sapphire Preferred twice before in its 17-year history, so this isn't a routine seasonal bump. At our standard valuation of 1.5 to 2 cents per Ultimate Rewards point, that bonus alone is worth $1,500 to $2,000 in travel, and transferring to airline or hotel partners can push the value even higher. For a card with just a $95 annual fee, that's one of the strongest returns you'll find anywhere in the points and miles space this year.

The card also got a quiet refresh for 2026 without a fee increase. You'll now earn 3x points on gas and EV charging and 3x on vacation rentals like Airbnb and Vrbo, on top of the existing 5x on Chase Travel bookings and 3x on dining. There's also a $120 credit toward Global Entry, TSA PreCheck, or NEXUS, and an annual hotel credit worth up to $100 through Chase Travel.

Who's eligible

Chase's Sapphire family now runs on a once-per-lifetime bonus rule, meaning you can't earn this offer if you've collected a Chase Sapphire Preferred welcome bonus before. There's good news for some Sapphire Reserve holders, though: if you currently carry the Chase Sapphire Reserve and have never earned a bonus on the Preferred specifically, you may now qualify under the updated rules.

You'll also need to fall under Chase's 5/24 rule, meaning fewer than five new credit cards opened across all issuers in the past 24 months, along with good to excellent credit.

How to take advantage

1. Check your Sapphire eligibility under the once-per-lifetime rule before applying.
2. Confirm you're under 5/24 to avoid an automatic denial.
3. Apply for the Chase Sapphire Preferred and plan your $5,000 spend across the first three months to hit the bonus threshold.

If you want a deeper dive into whether the card fits your spending habits before applying, our Chase Sapphire Preferred worth-it breakdown and best time to apply guide are both worth a quick read.

This is one of the rare moments where a beginner-friendly annual fee lines up with a genuinely elevated bonus. Once Chase pulls the offer, there's no telling when 100,000 points will be back on the table. If you've been sitting on the fence, apply for the Chase Sapphire Preferred before the window closes.

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