If you like air miles, you may have already heard about the latest offer from the Chase Sapphire Preferred® Card.
Right now, people who open a new account can get a huge 100,000 bonus points after spending $5,000 in the first three months.
Points and miles fans are really excited about this offer, and for good reason. These are some of the things that make this deal stand out. It might be one of the best deals we’ve seen in a long time.
The Rare 100,000-Point Offer
First things first, you don’t see 100,000 bonus points deals as often as you might think. They do show up every once in a while, but most of the time they come with tight rules about how the points can be used or high annual fees.
There are a few important things that make this deal for the Chase Sapphire Preferred® Card stand out, though.
The Sapphire Preferred® is known for giving great points to people who like to travel. This 100,000-point bonus is the biggest one we’ve seen from this card in years.
To put it in perspective, the bonus is 40,000 points more than the normal deal, which is around 60,000 points.
If you’re thinking how much it’s worth, those 100,000 points are worth more than $2,000 to us at Modernagebank based on how much things cost in travel right now.
Why This Offer Is So Special
1. Lower Annual Fee
The Sapphire Preferred® is a great deal at $95 a year, especially when compared to high-end cards with higher fees, like the Chase Sapphire Reserve®, which costs $550 a year.
This card has a lower annual fee, but it still gives you access to great rewards.
This makes it a great choice for frequent tourists and people who want to start earning points and miles without spending a lot of money.
2. Simple and Rewarding
The Sapphire Preferred® keeps things simple, unlike some cards that have tricky bonus systems or make it hard to find your way through a maze of changing categories and bonus rules.
You apply for the card, are accepted, and then spend $5,000 in three months. After that, you get the full 100,000-point bonus.
This is a nice change from some of the more complicated reward programs out there because you don’t have to remember rules or sign up for special deals.
3. A Rarity in the Industry
In the past, bonuses of 100,000 points were more usual on high-end cards, like the Sapphire Reserve, which came out in 2016 with a similar bonus.
But deals like this don’t come up very often for a card with a much smaller annual fee that still gives you a lot of valuable points.
The Sapphire Preferred® last gave away a 100,000-point bonus in the summer of 2021, but that deal was only good for a short time.
Bonuses like this don’t come up very often, which makes this a very appealing chance.
How to Maximize the Value of 100,000 Points
The question is, what can you do with 100,000 Chase Ultimate Rewards points? There are a lot of choices, and how you use them will determine how much value you get.
1. Travel Booking Through Chase Portal
Book flights, hotels, or car rentals through the Chase Travel site. This is the easiest way to use your points. Each point is worth 1.25 cents here.
That means that your 100,000 points could be used to pay for about $1,250 worth of travel. This is a good return, but it’s only the beginning of how far these points can go.
2. Transfer to Airline and Hotel Partners
The real magic happens when you send your points to one of Chase’s 11 flight partners or one of its 3 hotel partners.
If you have 100,000 Chase points, you can exchange them for 100,000 points in a flight or hotel program.
This means that high-value redemptions like business class trips or stays at fancy hotels are now possible.
Points are usually worth 1.25 cents each, but sometimes you can get much more than that.
- For example, booking first class with Air Canada Aeroplan could provide a value of over 10 cents per point—a much higher return than the fixed rate through Chase Travel.
- Or you could use your points for an unforgettable business class flight on Virgin Atlantic or a stay at a luxury Hyatt resort. In each of these cases, the value per point is well above the standard Chase portal rate.
The Appeal of the Chase Ultimate Rewards Program
In addition to the extra 100,000 points, the Chase Ultimate Rewards® program is one of the best and most flexible ways to earn travel rewards.
When you earn points through this program, you can use them in a number of different ways. Instead, you can move your points to many different travel partners. This gives you a lot of options for booking flights, hotels, and other travel activities.
You can move points to airline and hotel partners, and the card also gives you benefits like trip protection and no foreign transaction fees, which makes it a great thing to have with you when you travel abroad.
The Chase Sapphire Preferred® Card also comes with purchase protection and extended warranties on certain things, which is great for people who like to shop while they are traveling.
Is This the Best Offer We’ve Seen?
There have been other great credit card deals over the years, but the Chase Sapphire Preferred®’s 100,000-point bonus is without a doubt the best.
This card has a low annual fee, offers great value, and has a fair spending requirement. This makes it available to a wider range of people.
Whether you’ve used points and miles before or this is your first time, you won’t want to miss this chance.
This is without a doubt one of the best travel points deals we’ve seen in a long time. If you can qualify, now is the time to take advantage of it.
Those 100,000 points can get you a lot more than you might think. You can use them to book a trip to a faraway place, change your flight, or stay in a fancy hotel.