As I predicted when the changes to the Sapphire Preferred card were announced a few days ago, Chase has increased the welcome offer on the Sapphire Preferred… and the welcome bonus on this card is even better than I expected… 100,000 points is a princely sum of Ultimate Rewards points which, I believe matches the bonus that this card offered at its launch.
Here are the details on the best current Sapphire Preferred bonus.
Chase Sapphire Preferred® Card
Earn 100,000 points after you spend $6,000 in purchases in the first 3 months from account opening.
This bonus is earned as Chase Ultimate Rewards® points.
Chase occasionally offers a better in-branch exclusive offer on this card.
Annual fee: $95
Annual fee: $95
Quick take: Excellent bonus after a positive update
Aaron Hurd
Executive Editor of Cards and Points
My misgivings about the devaluation of Hyatt transfers aside, the recent changes to the Sapphire Preferred card were overwhelmingly positive. For most people who aren’t hard-code travel points maximizers, the card is unarguably more valuable than it was prior to the changes.
At the time, of those changes, I predicted that Chase would offer an increased welcome offer on the card. I was thinking maybe 80,000 or even 90,000 points. I absolutely did not expect them to match the launch welcome bonus on this card. Which is exactly what they did.
Needless to say, this is an excellent bonus on this card and if you were at all thinking of getting the Sapphire Preferred, now is absolutely the time to pick up this card. And even if you were on the fence, the 100,000 points you earn earn makes the card an excellent value in your first year.
Other offers that might be available
The Sapphire Preferred sometimes has better bonus offers through different channels. Here’s what you need to know.
- In-branch offers: Chase has frequently offered a better in-branch bonus on the Sapphire Preferred—usually with an additional kicker of a few thousand points. But when we last checked, the in-branch offer matched the online offer.
- Referral offers: Historically, when Chase has had increased limited-time bonuses on this card, those stuck around for a few days through referral links after they were pulled publicly. Keep this in mind if you just missed a larger bonus on this card in the future.
Are you eligible to earn the sign-up bonus?
Chase recently changed its bonus terms on the Sapphire-branded card. Here is the exact text of the bonus terms and conditions at our last review:
This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed in determining your bonus eligibility.
Chase Sapphire Preferred® offer terms
Previously, Chase restricted you to holding one Sapphire-branded card and to earning one bonus across all the Sapphire cards within 48 months. But some things have changed.
You can now hold both a Sapphire Preferred and a Sapphire Reserve. This can make sense to do given the different earnings structures and credits available on these cards.
Ever having held a Sapphire Preferred card will probably prevent you from earning a bonus. But having a current or previous Sapphire Reserve card will not impact your bonus eligibility. Chase’s terms say the bonus “may not” be available to you if you’ve ever held a Sapphire Preferred card. Most likely, there will be some sort of time period after which Chase considers you to not have “ever” held a card.
At a glance: About the Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card offers excellent travel insurance protections, additional points on travel and enables transfers to Chase’s loyalty program transfer partners.
Chase Sapphire Preferred® Card
Earn 100,000 points after you spend $6,000 in purchases in the first 3 months from account opening.
This bonus is earned as Chase Ultimate Rewards® points.
Chase occasionally offers a better in-branch exclusive offer on this card.
Annual fee: $95
Annual fee: $95
Rewards
- 5x on travel purchased through Chase Travel℠, excluding hotel purchases that qualify for the $50 annual Chase Travel hotel credit.
- 5x on Lyft rides through September 30, 2027.
- 5x on Peloton equipment and accessory purchases over $150, on up to $5,000 of total purchases, through December 31, 2027.
- 3x on dining, including eligible takeout and delivery services.
- 3x on online grocery purchases, excluding Target, Walmart, and wholesale clubs.
- 3x on gas and EV charging.
- 3x points on select streaming services.
- 3x on vacation home rentals.
- 2x on other travel purchases.
- 1x on other purchases.
Rewards are earned as Chase Ultimate Rewards® points.
Ultimate Rewards® can be combined across cards you hold. If you hold a premium Ultimate Rewards card, you can transfer your points to Chase’s transfer partners or use your points for increased value when you book travel through Chase Travel℠. For more about using Ultimate Rewards, check out our guide on the Ultimate Rewards program.
Benefits
Consumer insurance benefits
- Purchase Protection. Offers coverage for up to 120 days against damage or theft of new purchases for up to $500 per claim and $50,000 per account.
- Extended Warranty Protection. Adds one year of coverage to U.S. manufacturer’s warranties of 3 years or less.
Travel insurance benefits
- Trip Cancellation and Interruption Insurance. Covers non-refundable pre-paid travel expenses, including passenger fares, tours, and hotels if your trip is canceled or cut short by sickness, severe weather, or other covered situations. Coverage is included up to $10,000 per person and $20,000 per trip.
- Auto Rental Coverage. Provides primary rental car coverage against collision and theft for most rental cars in the U.S. and abroad when you decline the rental company’s collision damage waiver insurance and use your card to rent your car. Coverage provides up to $60,000 of coverage for vehicles with an MSRP of $125,000 or less
- Baggage Delay Insurance. Offers reimbursement for essential purchases like toiletries and clothing when your baggage is delayed by more than 6 hours. Coverage is provided up to $100 a day for 5 days.
- Trip Delay Reimbursement. Covers essential expenses, such as meals and lodging if your travel by common carrier is delayed by 12 hours or more or requires an overnight stay. Coverage is provided up to $500 per covered traveler.
- Lost Luggage Reimbursement. If your luggage is lost, damaged, or stolen while traveling by common carrier, this benefit can reimburse you up to $3,000 per covered person, per trip.
- Travel accident insurance. This insurance pays a fixed amount for certain losses of life and limb when you charge your airfare to your card.
- Emergency Evacuation and Transportation Insurance. This is a new benefit announced on June 10, 2026, that goes live in June 15. We’ll update with details once they become available.
- Travel and Emergency Assistance. This service can provide referrals to a variety of medical, legal, and travel emergency services when traveling abroad. You are responsible for the costs of any services provided.
Partner benefits and statement credits
- DoorDash DashPass Subscription, plus $10 monthly discount. Receive complimentary access to DashPass—a membership for both DoorDash and Caviar—for at least one year when you activate by December 31, 2027. DashPass members get up to $10 off a month on non-restaurant orders.
- Trusted Traveler statement credit. Receive up to a $120 statement credit every four years for application fees for Global Entry, NEXUS, or TSA PreCheck.
- $100 annual hotel credit through Chase Travel℠. Earn up to $100 in statement credits each account anniversary year for hotels stays purchased through Chase Travel.
- Apple TV subscription. Receive a complimentary subscription to Apple TV for one year when you active this benefit by December 31, 2026.
Rewards benefits
- More value for points when redeemed for select bookings through Chase Travel℠. Get up to 50% more value for bookings with select hotels and flights, or 75% more value on premium cabin tickets with select airlines.
- Point transfers to airline and hotel partners. Transfer your points to one of Chase’s many airline and hotel transfer partners. See our guide to Ultimate Rewards® for more details on how to use points.
- Chase discontinued the 10% anniversary bonus in June 2026. Previously, you could get bonus points equal to 10% of your total purchases in the previous account anniversary year on your account anniversary. Cardmembers who applied before June 15, 2026 will continue to receive this bonus through October 1, 2026.
Rates and Fees
- Annual fee: $95
- Foreign transaction fee: None
