Chase Sapphire Preferred 100k Bonus Finally Coming to An End

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The Chase Sapphire Preferred® Card’s 100,000-point bonus is still going strong, but its days are officially numbered.

The bonus will end Wednesday, Oct. 6, a Chase spokesperson confirmed to NextAdvisor Monday. After that, the card is expected to return to its standard intro bonus of 60,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months. We reached out to Chase to confirm the new bonus, but did not receive a response before publishing.

If you’ve been considering applying for the Chase Sapphire Preferred, today is the day to do so. You’ll receive 100,000 bonus points after spending at least $4,000 within three months of account opening. According to Chase, 100,000 bonus points are worth $1,250 when you redeem for travel through the Chase Ultimate Rewards portal at a fixed rate of 1.25 cents each 

By comparison, 60,000 bonus points are worth $750 when you redeem them through the Chase portal. That’s still a lucrative deal, but the Sapphire Preferred’s limited time 100,000-point bonus is one of the best credit card deals available. So if you’ve been on the fence, now is the time to take advantage

Just remember, you shouldn’t spend more than you can afford just to hit the minimum spending requirement for a welcome bonus. No amount of points is worth going into debt or paying high fees. With any credit card, we recommend paying your bills on time and in full every month to maximize the value of any points earned. 

We like the Sapphire Preferred for more than just its welcome bonus, too. It’s a great travel rewards credit card with lucrative rewards on travel and everyday spending. In addition to the 100,000-point bonus, the card earns:

  • 5x points on all travel purchased through the Chase Ultimate Rewards portal
  • 3x points on dining (including eligible delivery services and takeout), select streaming services, and online grocery purchases
  • 2x points on travel not purchased through Chase
  • 1 point per dollar on everything else

You’ll also get a $50 annual credit on hotel stays when you book through the Chase travel portal, as well as a 10% annual points bonus on all of your yearly spending. These rates and perks will continue after the 100,000-point bonus offer ends. 

While you can redeem your bonus points through the portal, you can also transfer them to partners such as United Airlines, Southwest Airlines and Hyatt Hotels. Through March 2022, Chase extended its Pay Yourself Back feature on the Sapphire Preferred, so you can redeem points for Airbnb and Away purchases for the same boosted 1.25 cents per point as travel. 

There are plenty of ways to use the 100,000 Chase Ultimate Rewards bonus points to travel for free or heavily discounted rates, so this bonus can certainly help you save money on upcoming travel. The Chase Sapphire Preferred has a $95 annual fee, and we consider it our favorite travel card with an annual fee under $100.

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

  • Intro bonus:
  • Annual fee:

    $95

  • Regular APR:

    15.99% – 22.99% Variable

  • Recommended credit:

    670-850 (Good to Excellent)

  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
  • Annual fee:

    $95

  • Regular APR:

    15.99% – 23.99% (Variable)

  • Recommended credit:

    670-850 (Good to Excellent)

  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
  • Annual fee:

    $0

  • Regular APR:

    14.99% – 23.74% Variable

  • Recommended credit:

    670-850 (Good to Excellent)

  • Learn more externa link icon at our partner’s secure site.

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