Overview
- Chase made the refreshed Sapphire Preferred live on June 15, 2026, and launched a limited‑time welcome bonus of 100,000 Ultimate Rewards points after $5,000 in purchases in the first three months.
- New applicants receive the updated benefits and a reduced World of Hyatt transfer ratio of 4:3, while accounts opened before June 15 retain 1:1 Hyatt transfers and a 10% anniversary bonus only through the announced grandfathering window that ends around Oct. 1, 2026.
- The card’s refresh adds higher ongoing value with a $100 annual Chase Travel hotel credit, up to $120 every four years for Global Entry/TSA PreCheck/NEXUS, one year of Apple TV access, expanded travel protections, and new 3x earning categories including gas, EV charging and vacation rentals.
- Eligibility rules remain key: applicants must not currently hold the same card or have previously received its new‑card bonus, Chase’s informal 5/24 guideline often affects approvals, and the 100K bonus requires meeting the $5,000 minimum spend within three months to post.
- Analysts value the 100,000 points between a $1,000 floor when used in Chase Travel and roughly $1,700–$2,050 or more when optimized through transfer partners, so the offer is attractive but represents a tradeoff for Hyatt‑focused redeemers unless they pair with a card that preserves 1:1 transfers.