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For the first time in a while, new Chase Sapphire Preferred® Card customers have a chance at earning a six-figure welcome bonus. Starting April 2, 2025, here is Chase’s offer: Earn 100,000 bonus points after you spend $5,000 in the first 3 months from account opening.
That's a 40,000-point hike over the card's previous offer, although the spending threshold needed to earn it is now $1,000 higher.
Initially, the 100,000-point offer was available only to those who applied for the card at physical Chase bank branches, but it has now expanded to online applications.
Like a blue moon, such a generous offer on the Chase Sapphire Preferred® Card doesn’t come around that often. In June 2021, the bonus jumped to 100,000 Chase Ultimate Rewards® points if you spent $4,000 in three months. More recently, in October 2024, a two-part welcome bonus made it possible to earn more than $1,000 in value. It combined a one-time $300 credit toward travel booked through Chase with 60,000 points after spending $4,000 in three months.
If you redeem the new bonus for travel through Chase, it’ll be worth $1,250. You could also opt to transfer those points to any of Chase's various travel partners.
Full list of Chase transfer partners
Airlines
- Aer Lingus (1:1 ratio).
- Air Canada (1:1 ratio).
- Air France-KLM (1:1 ratio).
- British Airways (1:1 ratio).
- Iberia (1:1 ratio).
- JetBlue (1:1 ratio).
- Singapore (1:1 ratio).
- Southwest (1:1 ratio).
- United (1:1 ratio).
- Virgin Atlantic (1:1 ratio).
Hotels
- Hyatt (1:1 or 4:3 ratio; varies by card).
- IHG (1:1 ratio).
- Marriott (1:1 ratio).
- Wyndham (1:1 ratio).
Otherwise, the card’s benefits remain unchanged. You’ll still earn:
- 5 points per $1 on travel booked through Chase.
- 3 points per $1 on dining, including takeout and eligible delivery services.
- 3 points per $1 on online grocery purchases (not including Target, Walmart and wholesale clubs) and select streaming services.
- 2 points per $1 on other travel purchases.
- 1 point per $1 on all other purchases.
Plus, you’ll get $50 in annual statement credits for hotel bookings made through Chase. And each anniversary year, you’ll get a point bonus worth 10% of your spending from the previous year. The card’s annual fee is still $95.
