Travel July 10, 2026 0 Comments

100,000 Chase Sapphire Points Are Back—But Here’s Why Snatching Them Up Could Be Your Smartest Move Yet

Ever wondered what it feels like to stumble upon a once-in-a-blue-moon treasure in the world of credit cards? Well, pinch yourself, because the Chase Sapphire Preferred® Card is back with a jaw-dropping 100,000-point welcome bonus—a rarity that sets even seasoned points enthusiasts buzzing. I mean, how often does a card with a modest $95 annual fee serve up rewards valued north of $2,000? Not often, and certainly not since 2009 when this gem first appeared. It’s no surprise that last year, this limited-time offer stole the spotlight at The Points Guy, sparking excitement that was simply contagious. But here’s the kicker: this extraordinary opportunity doesn’t stick around forever—so if you’ve been on the fence, now might just be the perfect moment to dive in and unlock the kind of travel adventures most only dream about. Ready to see what all the fuss is about? LEARN MORE

One of the rarest, most popular credit card offers we’ve ever seen is back.

In fact, I’ll let you in on a secret: Last year, no credit card offer generated more excitement at The Points Guy than the Chase Sapphire Preferred® Card (see rates and fees) when it returned with a limited-time 100,000-point welcome bonus.

It wasn’t even particularly close. It wasn’t just a good offer — it was the offer everyone wanted in on.

There’s a good reason for that. A 100,000-point bonus on a card with a $95 annual fee is exceptionally rare. In fact, this is only the third time we’ve seen it since the card came out in 2009. And when paired with Chase Ultimate Rewards’ airline and hotel transfer partners, it can unlock thousands of dollars in travel rewards.

And now, for a limited time, the 100,000-point offer is back.

Limited-time offer on the Chase Sapphire Preferred: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening.

And while the annual fee is just $95, TPG currently values the 100,000 bonus Chase points at $2,050 (based on July 2026 valuations), making this one of the most incredible welcome offers we’ve seen all year, since you can get over $2,000 in travel from a card that costs less than $100!

If history is any indication, this elevated offer won’t be around forever. In fact, the last time Chase had this offer, it lasted only about six weeks, and we are already approaching four weeks into it this time around.

Here’s why it’s such a big deal and why now may be the best time to apply.

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Sapphire Preferred at a glance

Limited-time welcome offer: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening.
This is the highest-ever offer: We’ve only seen this limited-time 100,000-point offer three times in the last 16 years!
Low annual fee: Just $95 for a card with a welcome bonus that TPG values at over $2,000 by July 2026 valuations.
Great ongoing value: Includes up to a $100 annual Chase Travel℠ hotel credit, strong travel protections, good bonus-earning categories and valuable airline and hotel transfer partners.
Why this is the best time to apply: This is a rare, highly valuable, limited-time offer on a low-fee card that doesn’t come around often and doesn’t last long.

How you can use 100,000 Chase points

Numbers like “100,000 points” sound impressive — but what does that actually mean for your next trip?

Depending on how you redeem them, these 100,000 points could help pay for things like:

Of course, the exact value depends on how you want to redeem your points, but that’s one of the biggest advantages of Chase Ultimate Rewards — you have plenty of options.

Hyatt Regency Maui. CLINT HENDERSON/THE POINTS GUY

Just how good is this 100,000-point offer?

If you’ve followed the Sapphire Preferred for a while, you know the welcome bonus doesn’t stay at 100,000 points year-round. And if you haven’t, here’s the quick history recap.

We’ve only seen the Sapphire Preferred bonus reach this 100,000-point level twice before in the card’s 16-year history.

That’s why many savvy rewards travelers intentionally wait to apply until Chase brings back this elevated offer … though sometimes they’ve been left waiting years. But since you generally only get one chance to earn a welcome bonus on the card, timing your application can make a meaningful difference.

The previous public offer was 75,000 points. Based on TPG’s July 2026 valuations, the current limited-time bonus is worth more than $500 more in potential travel.

Make your travel dreams a reality with points. SUMMER HULL/THE POINTS GUY

Here’s who is eligible for this 100,000-point offer

There’s good news for some, because earlier this year, Chase changed the eligibility rules for the Sapphire cards.

Now, having a Chase Sapphire Reserve® (see rates and fees) no longer disqualifies you from having a Sapphire Preferred. It’s fine to have both.

Before applying, though, keep these rules in mind:

The Chase 5/24 rule still applies.
You’ll likely need a good credit score.
If you’ve had the Sapphire Preferred before, the rules say you cannot get the welcome bonus again (so get it while it’s increased).

However, being an authorized user on someone else’s Sapphire Preferred does not prevent you from getting one in your own name as the primary cardholder.

How long will the 100,000-point Sapphire Preferred offer last?

At this time, Chase hasn’t announced when this offer will end.

However, for context, last year’s 100,000-point Sapphire Preferred promotion lasted about six weeks.

So, don’t wait to lock in the highest welcome bonus we’ve ever seen on the Sapphire Preferred.

Bottom line

If you’re eligible for the bonus and have been waiting for the best time to apply for the Chase Sapphire Preferred, there’s no better time than the present.

A 100,000-point welcome bonus has only appeared a handful of times, the annual fee remains just $95, new perks have recently been added, and the card continues to offer exceptional flexibility and value long after you’ve earned the initial bonus.

Don’t miss: Limited-time offer to earn 100,000 bonus points after spending $5,000 on purchases in the first three months on the Chase Sapphire Preferred.

Want the full rundown? Read our complete Chase Sapphire Preferred review.