Is the 100,000-point bonus on the Sapphire Preferr...

As you might need seen, the Chase Sapphire Preferred® Card (see rates and fees) not too long ago launched a proposal that the factors and miles world goes a bit bananas over (together with right here within the halls of TPG).

However simply in case you’ve got been busy and missed it, new candidates for the Sapphire Most well-liked can at the moment earn 100,000 bonus points after spending $5,000 on purchases within the first three months from account opening. It is a very uncommon provide and a extremely spectacular 40,000 factors larger than the common provide. To place some numbers to it, TPG values these factors at over $2,000 primarily based on our April 2025 valuations.

Provide alert: Add 100K Final Rewards Factors to your stability with this limited-time provide on the Chase Sapphire Preferred.

However chopping via the hype, simply how good is that this 100,000-point provide — and is it a contender for probably the greatest offers we have ever seen?

For instance, does this provide rank up there with the likes of previous big launch affords for premium playing cards? What about these long-gone but still-remembered offers just like the US Airways Grand Slam (RIP)?

Let’s roll the tape.

In our recollections, the primary actually large six-figure card provide got here from Capital One in March 2011 as a part of a “Match Your Miles” promotion (now not accessible). The bottom provide was simply 10,000 factors (Capital One would later shift to miles as its forex), however you could possibly earn as much as 100,000 extra bonus factors for those who had an current stability of rewards in one other account, which was seemingly far much less frequent again then.

That very subsequent month, Chase would launch a 100,000-mile bonus (now not accessible) on the British Airways Visa Signature® Card, a program that has additionally since moved to a brand new forex — Avios. However these had been anomalies in a sea of smaller affords.

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And, as TPG readers know, not all factors and miles are created equally. It is common to see cobranded playing cards from packages like Hilton Honors and IHG One Rewards cross the six-figure mark. However these currencies are price considerably much less on a per-point foundation.

However, Chase factors rank among the many most useful rewards on the market primarily based on our knowledge and private expertise. We recurrently get no less than 2 cents in worth per level when maximizing with companions comparable to World of Hyatt, Air Canada Aeroplan and Air France-KLM Flying Blue.

But it surely’s not simply the variety of factors. In spite of everything, we have seen quite a few welcome bonuses within the 100,000-plus range in the previous couple of years, however they usually have hefty spending necessities to get the complete bonus. Or, the cardboard could have a excessive annual payment of a whole lot of {dollars} that might discourage a extra informal traveler.

That is what makes this new Sapphire Most well-liked provide so uncommon.

In spite of everything, you’ll be able to earn 100,000 Chase factors with one welcome bonus on a private bank card with only a $95 annual payment by spending $5,000 in three months. That works out to $1,666.67 in spending monthly.

That is not precisely simple, however knowledge from the latest Client Expenditure Survey exhibits that the average American household spent $77,280 in 2023. Even for those who take away housing expenditures from the calculation (although there are methods to pay rent with a credit card), that is nonetheless greater than $4,300 a month, a lot of which may seemingly go on a card lately.

After which there’s the essential actuality that we now have solely seen the bonus for the Sapphire Most well-liked go this excessive as soon as ever earlier than — in the summertime of 2021. Even then, it solely lasted a couple of months earlier than going again into the “Chase vault.” That is a very uncommon provide that merely would not come round fairly often.

The Sapphire Most well-liked’s flashier and pricier sister, the Chase Sapphire Reserve®, had a 100,000-point bonus when it launched in 2016, and that lasted via March 2017. However once more, that was greater than eight years in the past, and that card on the time had a $450 annual payment (it is now $550), so it is not precisely apples to apples in opposition to a $95-per-year card.

The TL;DR is that this:

• The Sapphire Most well-liked has been in the marketplace — and considered one of our most recommended travel rewards cards — for greater than 15 years.
• That is solely the second time the bonus has hit 100,000 factors in these 15 years.
• The final time was almost 4 years in the past — because the world was popping out of the depths of the pandemic.

So, it is not the form of bonus you see on a regular basis. Merely put, it stays very uncommon for bonuses on playing cards that earn transferable factors to go this excessive — particularly on lower-annual-fee playing cards like this.

Associated: Can you pay rent with a credit card? Everything you need to know

Need to profit from that annual payment? Be ready to maximize monthly statement credits. Want to determine what number of miles you may earn on that partner-operated flight? Name your good friend who’s a spreadsheet professional with a Ph.D. in arithmetic.

Fortunately, the Sapphire Most well-liked’s bonus and general worth proposition are easy and tremendous rewarding. Apply (and get authorized) for the cardboard. Spend no less than $5,000 in three months (keep in mind that the annual payment would not rely towards that whole). Earn 100,000 bonus factors.

The one ongoing perk you really want to trace on the cardboard is a $50 annual statement credit for lodge purchases made via Chase Travel℠. However apart from that, you merely use the cardboard and earn factors (plus take pleasure in among the finest journey protections on the market).

This bonus can get you over $2,000 in worth

You may even see this 100,000-point bonus assigned totally different money worth equivalents, and that is for good cause.

There are alternative ways to make use of Chase Final Rewards factors. In the event you use them to e book issues like flights, motels or automobile leases by way of the Chase Travel portal, you get a hard and fast worth of 1.25 cents per level. Meaning your 100,000-point bonus could be price $1,250.

Nevertheless, consider that as the place to begin to your rewards — there’s potential for extra. A lot, way more. And all of it comes right down to the slate of Chase Ultimate Rewards transfer partners.

You’ll be able to convert your Chase factors to 11 airline currencies and three lodge currencies at a 1:1 ratio (except you’ll be able to time issues proper with a transfer bonus). And for those who use the fitting companion for the fitting redemption — assume long-haul business-class flights or award nights at luxurious resorts — you’ve gotten the possibility to get considerably extra worth from every level.

Listed below are a couple of real-world examples of how one can stretch the worth of those rewards.

These aren’t made-up or cherry-picked theoretical examples. As a substitute, each considered one of these awards was truly booked by a TPG staffer utilizing an Final Rewards switch companion within the final 12 months.

Once more, we’re speaking in regards to the potential for 1000’s of {dollars} in journey worth from one card bonus with a sensible spending requirement and only a $95 annual payment — that is an distinctive deal.

Learn extra: 10 best ways to use 100K Chase Ultimate Rewards points

So, for those who’re eligible to earn the 100,000 bonus points and are prepared so as to add to your factors piggy financial institution, that is the second you’ve got been ready for.

Apply now: Chase Sapphire Preferred Card with a 100,000-point bonus