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

As it’s possible you’ll effectively have seen, the Chase Sapphire Preferred® Card (see rates and fees) simply launched a suggestion that the factors and miles world goes a bit bananas over (together with right here within the halls of TPG).

In case you missed it, new candidates for the Sapphire Most popular can at the moment earn 100,000 bonus points after spending $5,000 on purchases within the first three months from account opening. That is a powerful 40,000 factors larger than the common provide. TPG values these factors at over $2,000 primarily based on our April 2025 valuations.

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

However chopping by way of the hype, simply how good is that this 100,000-point provide — and is it a contender for the most effective offers we have ever seen?

For instance, does this provide rank up there with the likes of previous enormous 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 (not out there). The bottom provide was simply 10,000 factors (Capital One would later shift to miles as its foreign money), however you would earn as much as 100,000 extra bonus factors when you had an present steadiness of rewards in one other account, which was probably far much less widespread again then.

That very subsequent month, Chase would launch a 100,000-mile bonus (not out there) on the British Airways Visa Signature® Card (see rates and fees), a program that has additionally since moved to a brand new foreign money — Avios. However these have 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 beneficial rewards on the market primarily based on our information and private expertise. We frequently get a minimum of 2 cents in worth per level when maximizing with companions similar to World of Hyatt, Air Canada Aeroplan and Air France-KLM Flying Blue.

Nevertheless it’s not simply the variety of factors. In spite of everything, we have seen quite a few welcome bonuses within the 100,000-plus vary in the previous few years, however they typically have hefty spending necessities to get the total bonus. Or, the cardboard could have a excessive annual payment of tons of of {dollars} that would discourage a extra informal traveler.

That is what makes this new Sapphire Most popular provide so uncommon.

In spite of everything, you possibly can 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 per 30 days. That is not precisely straightforward, however information from the newest Shopper Expenditure Survey exhibits that the average American household spent $77,280 in 2023. Even when you 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 probably go on a card nowadays.

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

After which there’s the necessary actuality that now we have solely seen the bonus for the Sapphire Most popular 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.”

The Sapphire Most popular’s flashier and pricier sister, the Chase Sapphire Reserve® (see rates and fees), had a 100,000-point bonus when it launched in 2016, and that lasted by way of 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 towards a $95-per-year card.

The TL;DR is that this:

• The Sapphire Most popular has been in the marketplace 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 practically 4 years in the past — because the world was popping out of the depths of the pandemic.

So, it is not the type 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.

The final couple of years have seen complexity creep into the world of journey rewards playing cards and loyalty packages. Need to benefit from that annual payment? Be ready to maximize monthly statement credits. Want to determine what number of miles you will earn on that partner-operated flight? Name your good friend with a Ph.D. in arithmetic.

Fortunately, the Sapphire Most popular’s bonus, in addition to its general worth proposition, continues to be each easy and tremendous rewarding. Apply (and get authorised) for the cardboard. Spend a minimum of $5,000 in three months (do not forget that the annual payment does not depend towards that whole). Earn 100,000 bonus factors.

The one ongoing perk you actually need to trace on the cardboard is a $50 annual statement credit for resort purchases made by way of Chase Journey℠. However aside from that, you merely use the cardboard and earn factors (plus take pleasure in among the greatest 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 purpose.

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

Nonetheless, consider that as the start line on your rewards — there’s potential for extra. A lot, rather more. And all of it comes all the way 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 resort currencies at a 1:1 ratio (until you’ll be able to time issues proper with a transfer bonus). And when you use the appropriate accomplice for the appropriate redemption — suppose long-haul business-class flights or award nights at luxurious resorts — you may have the possibility to get considerably extra worth from every level.

Listed here 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 one among these awards was truly booked by a TPG staffer utilizing an Final Rewards switch accomplice within the final 12 months.

Once more, we’re speaking concerning the potential for hundreds 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, when you’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