The offer mentioned below for the Chase Sapphire Preferred® Card no longer available.
Summer travel on your mind? The Chase Sapphire Preferred® Card (see rates and fees) can help you get there with its highest welcome bonus ever — but only if you act fast.
New Sapphire Preferred cardholders have one last chance to earn 100,000 welcome bonus points after spending $5,000 on purchases in the first three months from account opening. This rare offer, which is worth up to $1,250 in travel redemptions, will officially end on May 15 at 9 AM ET.
How good is the CSP welcome bonus?
The current 100,000 Sapphire Preferred bonus is one we don't see often. Usually, the welcome offer for this card is around 60,000 bonus points for a minimum $4,000 spend — making this all-star bonus a significant increase of 40,000 more points for just an additional $1,000 spend.
We love that the CSP has a modest $95 annual fee. The card's travel perks include an up to $50 Annual Chase Travel Hotel Credit, trip cancellation and interruption insurance, primary rental car insurance, baggage delay insurance, trip delay reimbursement and travel and emergency assistance services. Plus, there are no foreign transaction fees.
Your Chase points are worth 25% more (or 1.25 cents) when booking through Chase TravelSM. Make your points go even further with the use of Chase's 14 airline and hotel transfer partners.
Should you apply?
If you think you can hit the spending threshold of $5,000 in your first three months of having the card (and be able to pay it off), then this 100,000-point welcome bonus is hard to pass up.
To be eligible for the Sapphire Preferred's 100,000-point bonus, you can't be a current cardholder of any Sapphire card (being an authorized user doesn't count) nor could you have earned a new welcome offer for any Sapphire card in the past 48 months.
You'll likely need very good or excellent credit to qualify and be cautious of the Chase 5/24 rule. If you've opened five or more credit cards from any card issuer in the past 24 months, you're much less likely to be approved for most Chase credit cards. One caveat is that business credit cards typically don't add to your 5/24 count, as long as they don't appear on your personal credit report.
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