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Chase Sapphire Preferred Bonus Offer: 100,000 Points!
I don’t know how else to put it. The last time we saw a 100,000 point bonus offer on a personal Chase Ultimate Rewards earning credit card was in 2016 for the launch of the Chase Sapphire Reserve – a card that now has a $550 annual fee.
The Reserve’s little brother, the Chase Sapphire Preferred, has just a $95 fee. And right now – and probably not for very long – Chase has launched an offer that is far and away the best we’ve ever seen on this card.
It is actually the best consumer credit card bonus I’ve seen in years.
For the last couple of months, we thought that an 80,000 point bonus for the Sapphire Preferred was amazing.
Here is the link to the 100,000 point offer.
This offer is such a no brainer for those eligible that I can’t emphasize it enough. If you redeem in the simplest way possible, which is for travel using the Ultimate Rewards Portal, your points are worth 1.25 cents each and therefore the bonus is worth $1,250. But if you have read my guide to Chase Ultimate Rewards, then you know that by utilizing transfer partners, the value gets even richer.
How Long Will This Chase Sapphire Preferred Bonus Last?
Nobody knows, but a bonus this generous doesn’t tend to last very long. My best guess, and it’s a total guess, is 4-6 weeks from when it launched.
Getting Extreme Value from Chase Ultimate Rewards Points
For example, by transferring the points to World of Hyatt, you could book 3 nights in a regular room or two in a suite at Ventana Big Sur, worth $7,500 ++.
You could book two nights (technically 2.5 😉 ) at the $1,500 a night Topping Rose House in “The Hamptons” or even book a couple of nights at the private Calala Island off the coast of Nicaragua which is 40,000 points per night.
Of course there are loads of ways to use 100,000 points for some great First or Business Class travel or just $1,250 (or more) worth of coach travel.
Anyone that does not currently have a Chase Sapphire Reserve or Chase Sapphire Preferred card is eligible as long as they have not received a bonus on a Sapphire series card in the past 48 months. If it’s been 48 months but you currently hold the card, you are able to downgrade your Sapphire card to a no-annual fee Chase Freedom Flex or Chase Freedom Unlimited, wait a week or so, and then apply anew for this fantastic offer.
100,000 Ultimate Rewards points on the Sapphire Preferred are worth at least $1,250!
The Chase Sapphire Preferred Remains the Best “Starter” Card for Miles and Points
Don’t confuse that with “best card” or “best earning card” because it’s not. With an earn rate of 2X on travel and dining, and 1X on everything else, it’s “OK,” however, we can do better in all categories.
But the points you earn are fully transferable to Chase Ultimate Rewards transfer partners and 100,000 is more than enough to get the hang of how the Chase points ecosystem operates. (And I’ll help you!)
With just a $95 annual fee, it’s a low risk way to get started. As soon as you have your bearings, I advise adding a Freedom Flex or Unlimited, which both earn 3X on dining and drugstores and can be combined into your Sapphire points balance (why not just one of those Freedom cards? Because you can’t transfer points unless you have an Ultimate Rewards card with an annual fee like the Chase Sapphire Preferred. You could also consider a full-on Chase Trifecta.
It also comes with these card benefits:
- Primary car rental CDW (collision damage waiver) coverage.
- Trip delay insurance benefits, up to $500 per covered claim
- Trip cancelation insurance benefits, up to $10,000 per person per covered claim $20,000 per trip max.
- Baggage delay and lost luggage insurance benefits
- Purchase Protection covers new purchases made with the Preferred card for 120 days against damage or theft (Up to $500 per claim and $50,000 per account).
- Extended Warranty Protection extends the U.S. manufacturer’s warranty by an extra year (on eligible warranties of 3 years or less).
- No foreign transaction fees.
- One year of DoorDash Dash Pass
- 5X on Lyft rides through March 2022.
Chase Ultimate Rewards Transfer Partners
For me, Hyatt is the number one transfer partner, hands down, because of the redemption options like the ones I mentioned above. But you have lots of options.
|Chase Ultimate Rewards Transfer Partners||Last Updated: January 2021|
|Transfer Ratio||Expected Transfer Time *|
|Aer Lingus Avios||1:1||Instant|
|Air Canada Aeroplan||1:1||Not Yet Live: Coming in 2021|
|Air France Flying Blue||1:1||Instant|
|British Airways Avios||1:1||Instant|
|Singapore Airlines KrisFlyer||1:1||~ 1 - 2 days|
|Virgin Atlantic Flying Club||1:1||Instant|
|Marriott Bonvoy||1:1||~ 1-2 days|
|IHG Rewards Club||1:1||~ 24 hours|
Best ever offer on this card. One of the best ever offers period. Dont sleep on this.
And if this post helped you, please consider sharing it!
You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.