Overview
- Chase relaunched the Sapphire Preferred with a limited offer of 100,000 bonus Ultimate Rewards points after $5,000 in three months, a move that on Monday helped trigger broad coverage of an onslaught of $1,000‑plus signup bonuses.
- Many of the biggest offers require large minimum spending in a short window, typically $4,000 to $8,000 within three to six months, so earning the bonus often means changing near‑term budgets or shifting planned purchases.
- Chase changed the Hyatt transfer rate for new Sapphire Preferred accounts to 4:3 while allowing existing cardholders to transfer at 1:1 through Oct. 1, 2026, a product tweak that can materially cut the upside of partner transfers for new applicants.
- Two no‑fee Chase business cards, Ink Business Cash and Ink Business Unlimited, currently carry all‑time‑best bonuses worth roughly $1,000 cash back after $8,000 in four months, and business cards can be available to side hustles or freelancers using a Social Security number as a tax ID.
- Actual value varies by redemption route: Chase points can be used for $1,000 in statement credits at about 1¢ per point or yield much higher value via partner transfers — The Points Guy values the 100,000‑point offer at about $2,050 in best‑case redemptions — so consumers should confirm terms, eligibility rules like Chase’s de facto 5/24 and one‑bonus limits, and any referral disclosures before applying.