Never miss a deal: Follow us on the DansDeals App, WhatsApp, X, Telegram, Instagram, Facebook, SMS, or our Daily Email Digest.
Links may pay us a commission. We appreciate your support! View our advertiser and editorial disclosure here. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Table of Contents
Signup Bonus
You can earn 100,000 Chase Ultimate Rewards points for opening a Chase Sapphire Preferred Card and spending $5,000 in 3 months. Those points are worth a minimum of $1,000 cash back or $1,250 towards travel and other categories, but they can be worth much more as shown below.
This card previously offered a 60,000 point signup bonus. This offer matches the 100,000 point bonus that was previously offered in the summer of 2021.
Annual fee
There is a $95 annual fee for the primary card and no annual fee for additional cardholders.
Card signup bonus terms
If you received your last Sapphire bonus on today’s date in 2021 or earlier, you are now eligible to earn another Sapphire bonus!
-
- You won’t get approved for this card if you have received a signup bonus on Sapphire Reserve, Sapphire Preferred, or Sapphire card within the past 48 months. You can call Chase to find out when you last earned a bonus on those cards or you can pull up your old statements online to check when you last got a bonus. You can also send Chase a secure message with your old card number to ask when you got the signup bonus on it.
- You won’t get approved for this card if you currently have an active Sapphire Reserve, Sapphire Preferred, or Sapphire card.
- You can apply and Chase won’t pull your credit or approve you if you are not eligible to get the card bonus.
- You will get the bonus for this card even if you are an authorized user on another person’s Sapphire card.
- If you are approved, that means you will get the bonus for this card as long as you spend $5,000 in 3 months.
5/24
Some Chase cards are subject to 5/24 restrictions, meaning that you might not be approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Enforcement of 5/24 has been patchy for the past several years and the only way to know if you can get approved is by trying to apply.
However, a pattern has developed where Chase often waives 5/24 rules when they launch a limited time offer like this, so it can be worth trying, even if you are over 5/24. If you try, be sure to leave a comment with the results!
Typically, the only way to bypass the 5/24 rules is if the system decides to approve you, so if you are over 5/24, do not call for an approval if your application is pending!
Note that the Chase system automatically counts cards like authorized user cards and store cards as cards that count towards 5/24, but if you explain to Chase that those cards are merely authorized user cards or store cards they can manually approve you for a new card.
You can check your credit report for free at the federally authorized annualcreditreport.com to check how many accounts are shown as being open in the past 24 months.
Annual hotel credit
Get a $50 annual hotel credit every cardmembership year as a statement credit when you book any hotel through Chase Travel.
You can pay for hotels with partial cash and partial points at a value of 1.25 cents per point, so you can pay $50 and get back $50, plus use points for the remainder.
Anniversary bonus
Sapphire Preferred Cardholders get a 10% anniversary points bonus on all spending. For example if you spend $20K on your card in a cardmembership year, you’ll get a 2,000 point bonus.
The bonus does not apply to the signup bonus or bonus point categories, it only applies to the 1 point per dollar base spending.
Card earnings
- 5 points per dollar on all travel booked through Chase Travel (Effectively 5.1 points with anniversary bonus).
- 2 points per dollar on travel (Effectively 2.1 points with anniversary bonus).
- Includes airfare, hotels, car rentals, cruises, subways, trains, taxis, tolls, parking, Airbnb, Uber, etc.
- 3 points per dollar on dining (Effectively 3.1 points with anniversary bonus).
- Includes sit-down or eat-in dining, including fast food restaurants and fine dining establishments, take-out, and restaurant delivery.
- 3 points per dollar on select streaming (Effectively 3.1 points with anniversary bonus).
- Includes Disney+, Hulu, ESPN+, Netflix, HBO Max, Sling, Vudu, Fubo TV, Apple Music, Apple TV, SiriusXM, Showtime, Pandora, Paramount+, Peacock, Spotify, YouTube Premium, and YouTube TV.
- 3 points per dollar on online grocery shopping (Effectively 3.1 points with anniversary bonus).
- Excludes Target, Walmart, and wholesale clubs. The online grocery category includes purchases for grocery pickup and delivery that are placed online with grocery stores, specialty food stores, or delivery service merchants that classify as grocery store merchants such as Instacart (excluding membership and subscription fees). Meal kit delivery services are included in this category.
- 5 points per dollar on Lyft spending through 9/30/27. (Effectively 5.1 points with anniversary bonus)
- 1 point per dollar elsewhere (Effectively 1.1 points with anniversary bonus).
- There are no foreign transaction fees.
If you have a Sapphire Preferred and Sapphire Reserve, you’ll want to use the Preferred card for dining purchases (3.1x vs 3x after anniversary bonus), streaming purchases (3.1x vs 1x), online grocery purchases (3.1x vs 1x after anniversary bonus), airfare booked via Chase Travel (5.1x vs 5x after anniversary bonus), and everyday purchases (1.1x vs 1x after anniversary bonus)!
Spend threshold
You’ll need to spend $5,000 on this card within 3 months.
You can pay your federal taxes for a 1.75% fee.
My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.
Card benefits
- Primary rental car CDW insurance in every country.
- Trip Cancellation/Trip Interruption Insurance
- Lost Luggage Insurance
- Trip Delay Reimbursement
- Baggage Delay Reimbursement
- Travel Accident Insurance
- Purchase protection for items damaged or stolen within 120 days
Peloton bonus points
Make a Peloton purchase of $150+ and earn 5 points per dollar spent through 13/31/27, up to 25K points.
DoorDash DashPass Membership and $10 monthly credit
DoorDash DashPass allows you to get free delivery and lower service fees on $12+ orders from select restaurants that have a blue checkmark. There are also lots of promotions and free food offers available to DashPass members.
DashPass normally costs $9.99/month.
If you add your Sapphire Preferred to your Doordash account and open the Doordash app, you can enroll for free through 12/31/27!
You’ll also receive one promo of up to $10 off each calendar month at checkout on one grocery, convenience, or other non-restaurant order on DoorDash, which can be stacked with other promo offers and coupons.
Increased points value
If you or someone in your household has a Sapphire Preferred Card, you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.25 cents towards paid travel. That makes the 100K points worth at least $1,250 towards paid travel.
If you or someone in your household has a Sapphire Reserve card, you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.5 cents towards paid travel. That makes the 100K points worth at least $1,500 towards paid travel.
Airline and hotel transferability
If you or someone in your household has a Sapphire Preferred, you can transfer Chase Ultimate Rewards points into valuable airline and hotel mileage currencies.
Card convertibility
You can call Chase to convert this card or any of the following cards into another card from this list:
- Chase Sapphire Preferred® Card ($95 annual fee)
- Chase Sapphire Reserve® Card ($550 annual fee)
- Chase Freedom Unlimited® Card ($0 annual fee)
- Chase Freedom Flex Mastercard ($0 annual fee)
- Chase Freedom Card ($0 annual fee)
Note that in general, reps will only allow card conversions after you have had the card for 12 months.
If you or someone in your household has a Sapphire Reserve, then your points will be worth at least 1.5 cents towards travel!
Ultimate Comparison Chart Of Chase Ultimate Rewards Cards
Airline transfer partners
You can transfer points at a 1:1 ratio to:
- United (Star Alliance)
- Air Canada Aeroplan (Star Alliance)
- Singapore (Star Alliance)
- Air France/KLM Flying Blue (Skyteam)
- Virgin Atlantic (Skyteam)
- British Airways (OneWorld)
- Aer Lingus (OneWorld)
- Finnair (OneWorld, via British Airways)
- Iberia (OneWorld)
- Qatar (OneWorld, via British Airways)
- Emirates
- JetBlue
- Southwest
Hotel transfer partners
You can transfer points at a 1:1 ratio to:
- Hyatt
- IHG
- Marriott
- You can also transfer points to Hilton at a 1:1.5 ratio via Virgin Atlantic.
The great thing about Chase Ultimate Rewards is how versatile and valuable they are
The Ink Preferred Card and Sapphire Preferred cards allow you and anyone in your household to transfer Chase points into miles. They also allow you to use points at a value of 1.25 cents each towards travel.
The Sapphire Reserve also allows you and anyone in your household to transfer Chase points into miles. Plus it allows you to use points at a value of 1.5 cents each towards travel.
The fixed value is excellent and doesn’t require hunting down award space, but those points can be much more valuable by transferring them into airline miles or hotel points.
- If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, Paris, Sydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-40K points to Hyatt to do that, a value of up to 6 cents per point.
- If I need a one-way flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 9.5K points to Avios to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
- Air Canada offers one-way short haul awards for just 6K miles. You can also get stopover awards for 5K miles, build round-the-world awards, and get free lap child awards in the US/Canada and bring lap children to anywhere else in the world for just C$25!
- United offers excellent award availability, especially to their cardholders, and awards can be changed or canceled for free.
- If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 24K points with the Sapphire Preferred’s minimum redemption value of 1.25 cents per point
- Flying Blue has award flights to Israel for 25K miles for adults or 18,750 miles for kids.
- If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 145K or 160K points to Virgin Atlantic. That’s a value of up to 23 cents per point. You can now redeem one-way awards for half the price as well!
- If I want to book a $2,281 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 182K points with the Sapphire Preferred’s minimum redemption value of 1.25 cents per point, plus I’ll earn Qantas miles for more future travel as it’s considered a paid flight instead of an award flight.
- And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.
Will you signup for the Sapphire Preferred Card?
Leave a Reply
54 Comments On "Earn 100,000 Ultimate Rewards Points, Good For At Least $1,250 Of Travel Or $1,000 Cash On The Chase Sapphire Preferred® Card!"
All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.
@Dan is there any chance I get approved if it’s my first card?
Both my wife and I got it for our first card during the 2021 promo. Approval wasn’t instant, but called recon line and got it. (Have a chase checking account which some say helps your odds)
Chase typically likes to see at least 1 year of personal credit (not including authorized users) to get approved for any card. If you have a chase checking account you might have a better chance
I got a message since I have currently have a sapphire card even though it’s been more than a few years since a got the card I can’t be approved with the bonus. Does that make sense?
You cannot sign up while you have a active sapphire card
Yes, it says so in the post:
“You won’t get approved for this card if you currently have an active Sapphire Reserve, Sapphire Preferred, or Sapphire card.“
How long do you need to wait from when you close a sapphire card until you can apply?
To be eligible for a sign up bonus Aharon, Is it 48 months since the last sign up bonus hit my account, or from when I applied for the card?
Since the bonus posted.
I see it posting on my July 2021 statement. No date. Does that mean it goes based of the statement close date?
The bonus only posts when the statement closes
I got shut down from all my chase accounts about a year ago. any chance they will approve me for this card
“You can apply and Chase won’t pull your credit or approve you if you are not eligible to get the card bonus”. I am not sure when I opened a card last. Is this confirmed 100%?
Any info or answer on this? Will the system let me know I’m not eligible for bonus before approval?
I just attempted to get the Freedom Unlimited signup bonus earlier this week. Was told my application needed to be looked into further, but did not receive any email or notification with an application number or any other follow-up info. (I’ve had this problem multiple times with Chase in the past.) Now, when trying to apply for the Sapphire Preferred, instantly rejected (with the standard “You’ll receive an email explaining our decision within 7-10 days”). Presumably this is because the Freedom application is still pending, but I have no way to follow up on the status of that application (because again, no info or follow-up). Any advice for a next step?
You can call Recon at 888-270-2127. You can ask for a manager for a quicker decision.
Is there any way to know when I last received sapphire bonus.
Also interesting to note at one point I had both the preferred and Reserve open on the same account. (Originally signed up to reserve, then downgraded to preferred. And then upgraded from freedom to reserve)
I had both card for 6 months while only getting charged annual fee on preffered.
I canceled the preferred recently and I immediately got charged the Reserve annual fee.
Just interesting how I had reserve for about 6-8 months and without getting charged any fee because I already was charged the preferred annual fee.
https://www.dansdeals.com/points-travel/milespoints/earn-100000-ultimate-rewards-points-good-for-at-least-1250-of-travel-or-1000-cash-on-the-chase-sapphire-preferred-card/comment-page-1/#Card_signup_bonus_terms
if i got the bonus in december of 2021 can i get it mow again?
Is that 48 months?
if you sign up via a refferal link is the bonus only 60k?
Correct.
Does Chase get upset if downgrade after year 1? got banned from receiving bonuses from amex for that
Yes, if you don’t use the cards and if you downgrade, they will make it harder to get approvals.
I still have my preferred. Is it possible to convert to a freedom card and then apply for the preferred? If so how long would I need to wait after the conversion?
Yes. After a few days. As long as you opened the preferred over 4 years ago.
I had this issue i called them they said u need to wait a full billing cycle after downgrading which is 30 days if their is another solution please post
Nope, it’s about 3 days.
What is the wait time for canceling a regular sapphire rather then downgrading to a Freedom Card?
So if I have a current Sapphire Reserve I can’t get the bonus. So I would need to first get rid of my SR, so what if I want to have i product change the preferred to a reserve after sign up? I know downgrading is a no-no but what about upgrading?
You need to wait a year before upgrading
Is there an end date to this offer?
Unknown.
If I currently have the reserve and freedom – can I close the reserve and then reapply?
same question. Have the sapphire that was downgraded from preferred and haven’t received the bonus since 2018. Wondering if I can just close it and apply.
You can change it to Freedom or close it and apply after waiting a few days.
Oh man! I just got the card 3-4 months ago with the 60k bonus sign up! Would they honor the 100k bonus for me if I called?
Unlikely, but always worth asking.
You will get the bonus for this card even if you are an authorized user on another person’s Sapphire card.
My wife and I both got rejected for having the card
What was the stated reason for rejection? Did you call reconsideration?
No. I realized that we only have the card for 36 months
So if they don’t like when you downgrade the card, is it better by them if you just close it?
I got the bonus in 11/2020. Is it better to downgrade or close the card?
Also how long should I wait to re apply?
You have to wait about 3-4 days from either.
If I currently have a chase freedom card can I upgrade to a sapphire preferred card? When I called Chase they said in order to qualify for the bonus I would have to apply for a separate card.
No, you need to apply for a new card to get the bonus.
do buisness cards affect the chanceof the sign up bonus?
No
I currently have Sapphire Preferred and the Freedom. Can I downgrade the Preferred to another Freedom and have two open at the same time?
You can. Or convert it to a Freedom Unlimited.
I currently have the sapphire preferred if I close it how long do I need to wait I got the bonus more then 48 months ago?
I took out the sapphire preferred just over 48 months ago. But i Received my bonus about 46 months ago, then downgraded to a freedom.
When I called chase they told me that as long as the card was opened 48 ago, i can get the bonus.
On your post it says “You won’t get approved for this card if you have received a SIGNUP BONUS on Sapphire Reserve, Sapphire Preferred, or Sapphire card within the past 48 months.”
Which one is accurate, the account openning or the bonus?
From last bonus.
If I downgraded to a Freedom last week from a sapphire reserve, how long do I have to wait?