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The Chase Sapphire Preferred just launched a massive, limited-time welcome offer, bumping its standard bonus up to an all-time-high 100,000 Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.

For those who track their Cents Per Point (CPP) and maximize return on spend, this is one of the highest-value opportunities on the market right now. Even at 1.25-1.50 cents per point on point boost redemptions through Chase Travel, this bonus is worth $1,250-$1,500. When transferred to loyalty programs like United MileagePlus, the potential value of 100k points can easily exceed $2,000.

👉 Click here to lock in the 100,000 Point Sapphire Preferred Offer

The Basics

• Annual Fee: $95
• Foreign Transaction Fees: $0

Maximize Your Multipliers

The earning categories have been significantly expanded, making this an incredible card for everyday spend and travel optimization:

• 5x Points: On travel purchased through Chase Travel.
• 5x Points: On Lyft rides (through 9/30/2027) and eligible Peloton purchases over $150 (through 12/31/2027).
• 3x Points: On dining (including takeout and eligible delivery).
• 3x Points: On online groceries (excludes Walmart, Target, and wholesale clubs).
• 3x Points: On gas stations and EV charging. (New)
• 3x Points: On top streaming services.
• 3x Points: On vacation homes at top brands (like Airbnb and Vrbo). (New)
• 2x Points: On all other travel purchases outside the Chase portal.
• 1x Points: On all other purchases.

Premium Statement Credits & Perks

The card’s built-in annual credits quickly offset the $95 annual fee:

• $100 Chase Travel Hotel Credit: Automatically applied every account anniversary year for hotel stays booked through Chase Travel. (Increased from $50)
• $120 Trusted Traveler Credit: A statement credit every four years to cover the application fee for Global Entry, TSA PreCheck, or NEXUS. (New)
• Complimentary DashPass: Get 12 months of $0 delivery fees and reduced service fees on DoorDash/Caviar (activate by 12/31/2027). Plus, members get a $10 monthly promo (up to $120 annually) for non-restaurant orders like groceries and retail.
• 1-Year Apple TV: A complimentary 12-month subscription (a $156 value) when activated by 12/31/2026. (New)

Airline and Hotel Transfer Partners (1:1)

Take advantage of Chase’s strong 1:1 point transfer partners, which include:

Airlines:

• United – MileagePlus
• Southwest Airlines – Rapid Rewards
• JetBlue – TrueBlue
• Air Canada – Aeroplan
• British Airways – Executive Club (Can transfer from here to Qatar Airways and Finnair)
• Emirates – Skywards
• Singapore Airlines – KrisFlyer
• Flying Blue (Air France/KLM)
• Virgin Atlantic – Flying Club
• Iberia – Plus
• Aer Lingus – AerClub

Hotels:

• World of Hyatt (Now 4:3 ratio)
• IHG One Rewards
• Marriott Bonvoy
• Wyndham Rewards

Transferring to partners can yield more value per point when redeemed for flights or hotel stays, especially at times when there is a transfer bonus. These can also be transferred to an authorized card member’s account.

Industry-Leading Travel & Purchase Protections

When you pay with your Sapphire Preferred, you are automatically covered by one of the most comprehensive protection suites available on a sub-$100 annual fee card:

• Primary Auto Rental Collision Damage Waiver: Decline the rental company’s insurance; you are covered up to $60,000 for theft and collision damage.
• Trip Cancellation / Interruption Insurance: Up to $10,000 per person ($20,000 per trip) for prepaid, non-refundable expenses if covered situations like sickness or severe weather derail your trip.
• Trip Delay Reimbursement: Up to $500 per traveler for overnight stays or meals if delayed 12+ hours.
• Lost/Delayed Baggage: Up to $3,000 per traveler for lost luggage, and $100/day (for up to 5 days) for essential purchases if bags are delayed over 6 hours.
• Emergency Evacuation & Transportation: If you or a covered traveler are injured or become sick during a trip that results in an emergency evacuation, you can be covered for medical services and transportation up to $100,000. (New)
• Travel Accident Insurance: When you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive up to $500,000 in accidental death or dismemberment coverage.
• Purchase & Extended Warranty Protection: Covers eligible new purchases for 120 days against damage or theft (up to $500 per item) and extends U.S. manufacturer’s warranties of three years or less by an additional year.

Eligibility Rules

To qualify for this bonus, your account must be open and not in default.

Note: This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus within the past 48 months. They may also consider the number of cards you have opened and closed in determining your bonus eligibility.

The Final Verdict

When you run the numbers, the Chase Sapphire Preferred easily pays for itself. Between the massive 100,000-point sign-up bonus, the $100 annual hotel credit, and the built-in perks, you are extracting immense value well beyond the low $95 annual fee.

What makes this card truly shine is that it is an incredibly strong, versatile earner for a wide margin of people, especially when compared to its premium cousin, the Chase Sapphire Reserve. While the Reserve is a fantastic card for heavy, luxury travelers, its steep $795 annual fee and reliance on maximizing specific statement credits make it a much narrower fit. For the vast majority of people looking to maximize their return on everyday spending without stomach-dropping fees, the Sapphire Preferred is the undisputed sweet spot.

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