Overview
- Chase relaunched the Sapphire Preferred with a limited 100,000‑point welcome bonus that requires $5,000 in purchases in the first three months to earn.
- The card now includes an annual hotel statement credit of up to $100 that posts automatically for bookings made through Chase Travel and renews on your account anniversary.
- Chase says hotel statement credits usually post within three business days but can take up to four weeks, and the portion covered by the credit does not earn Ultimate Rewards points.
- Most current Sapphire Reserve primary cardholders remain likely eligible for the Preferred bonus so long as they have never held or earned a Sapphire Preferred bonus and they meet Chase underwriting rules such as 5/24.
- The relaunch also changes partner transfer math for new Preferred accounts and reflects a wider issuer trend of larger, time‑limited sign‑up offers that reward immediate uptake and careful timing by consumers.