Chase Sapphire Preferred’s 100K offer returns—act fast

A rare Chase Sapphire Preferred welcome bonus—100,000 points after $5,000 in three months—has returned for a limited time. With the $95 annual fee staying put and points valued at over $2,000, timing and eligibility rules are the difference between grabbing it

The Chase Sapphire Preferred 100,000-point welcome bonus is back—and this time, the clock is the story.

It’s the kind of limited-time offer rewards travelers circle as soon as it appears. Chase is offering 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. The annual fee is $95. and the bonus is exceptional enough that it has shown up only three times since the card launched in 2009.

That combination—an unusually high welcome bonus on a low-fee card—makes the offer a magnet for people who plan trips around points instead of paying full price. Valuing the 100. 000 Chase points at $2. 050 based on June 2026 valuations. the potential travel value lands well above what you pay to keep the card.

The offer also comes with a baseline of everyday value: a $100 annual Chase Travel℠ hotel credit, strong travel protections, and airline and hotel transfer partners that can turn points into high-dollar redemptions.

For many people, the real tension isn’t the bonus size—it’s the timing. The Sapphire Preferred’s welcome bonus doesn’t sit at 100,000 points year-round. The article notes this 100,000-point level has been reached only three times in the card’s 16-year history. And because most cardholders typically get only one chance to earn a welcome bonus on the Sapphire Preferred. when you apply can matter as much as how good the offer looks.

Chase has changed the rules for Sapphire cards earlier this year, loosening who can qualify. Having a Chase Sapphire Reserve® no longer disqualifies you from having a Sapphire Preferred. It’s allowed to hold both.

But not everyone will be able to take advantage. The Chase 5/24 rule still applies, and you’ll likely need a good credit score. There’s also a hard limit for people who have already had the Sapphire Preferred before: the rules say you cannot get the welcome bonus again. The article adds one important exception detail—being an authorized user on someone else’s Sapphire Preferred doesn’t prevent you from getting a welcome bonus on your own account as the primary cardholder.

Chase hasn’t announced exactly when the 100,000-point promotion will end. It only says it’s available for a limited time. Last year’s 100,000-point promotion lasted about six weeks, but there’s no guarantee this return will follow the same timeline.

The stakes are clear for anyone trying to plan around rewards: if you want the highest welcome bonus that’s been seen on the Sapphire Preferred, the guidance here is straightforward—don’t assume it will be easy to wait this one out.

The prior public offer was 75,000 points. Based on June 2026 valuations, the current limited-time bonus is worth more than $500 more in potential travel, and that gap is exactly why travelers tend to watch for these rare spikes.

Under the hood, 100,000 points can translate into meaningful trip spend depending on how you redeem them, with Chase Ultimate Rewards offering multiple options for using points.

At the moment. Chase hasn’t given an end date. but the reason many people act quickly is built into how rare this level of bonus has been. A 100. 000-point offer on a card with a $95 annual fee is not something that shows up often. and the article frames this return as something that won’t be around forever.

If you’re eligible and you’ve been waiting for the right moment to apply, this is the moment the offer is in front of you.

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