Chase Sapphire Preferred Offers 100,000 Bonus Points

The Chase Sapphire Preferred Card is offering a welcome bonus of 100,000 bonus points for new cardholders who spend $5,000 on purchases within the first three months of account opening. According to The Points Guy's July 2026 valuation, these points are worth approximately $2,050, representing significant value compared to the card's $95 annual fee. This elevated offer is scheduled to conclude at 9 a.m. EDT on July 30, making it a critical deadline for interested applicants.

Eligibility for this lucrative welcome bonus is subject to specific Chase application rules. Individuals who currently hold an open Chase Sapphire Preferred Card are ineligible to receive the bonus. Furthermore, those who have previously earned a welcome bonus on this card are unlikely to qualify for another. Chase also reviews an applicant's overall credit history, including the number of credit cards opened or closed recently, when making approval decisions.

Being listed as an authorized user on another person's Chase Sapphire Preferred account does not disqualify an individual from applying for their own card and earning the welcome bonus, provided all other eligibility criteria are met. A key factor in Chase credit card applications is the issuer's "5/24 rule." This policy generally leads to the denial of applications from individuals who have opened five or more new credit cards from any issuer within the preceding 24 months.