Chase Sapphire Preferred Bonus Ends July 30

The Chase Sapphire Preferred Card's welcome bonus of 100,000 Chase Ultimate Rewards points will expire on July 30 at 9 a.m. EDT. This offer, which requires spending $5,000 in the first three months, is the third time in the card's 17-year history that such a high bonus has been available. According to The Points Guy's (TPG) July 2026 valuations, Chase Ultimate Rewards points are worth 2.05 cents each, making the 100,000 bonus points equivalent to $2,050. This valuation is the highest among credit card points covered by TPG, attributed to the numerous valuable redemption options through transfer partners.

TPG's points and miles experts have outlined strategies to maximize the value of these points. One significant redemption opportunity is through World of Hyatt, a preferred partner for many Chase cardholders. Even with a recent adjustment to a 4:3 transfer ratio (from 1:1) for some Sapphire Preferred holders to Hyatt, 100,000 Chase points can still yield 75,000 Hyatt points. This amount can be redeemed for up to seven nights at Category 1 Hyatt hotels, offering substantial value. Lead writer Katie Genter specifically recommends this strategy for maximizing redemptions.

The Chase Sapphire Preferred Card carries a $95 annual fee. The current welcome offer represents a significant opportunity for new cardholders to accumulate a substantial balance of valuable rewards points. The expiration date of July 30 marks the end of what TPG considers a top-tier welcome offer for the year, emphasizing the urgency for interested applicants. The card's benefits and earning rates have also been recently reviewed, maintaining its strong position in the travel rewards market.