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Chase Relaunches Sapphire Preferred With Limited‑Time 100,000‑Point Bonus

The rare elevated offer paired with new $100 hotel and up‑to‑$120 Trusted Traveler credits lets cardholders convert points to high‑value airline awards for outsized travel value.

Overview

  • The 100,000‑point welcome bonus is live as a limited‑time promotion offering the bonus after $5,000 in purchases within three months, creating urgency to apply in early July.
  • The card carries a $95 annual fee and now includes a $100 annual Chase Travel hotel credit and up to a $120 Global Entry/TSA PreCheck/NEXUS fee credit as ongoing benefits.
  • Chase Ultimate Rewards transfer 1:1 to partners such as Air Canada Aeroplan, Iberia/Avios and Flying Blue, enabling common redemptions like Aeroplan business‑class to Europe from roughly 60,000 points one‑way and select Iberia nonstop awards from about 40,500 points.
  • New cardholders can earn up to 100,000 extra points through referrals at 10,000 points per approved referral but should plan for taxes because Chase may treat referral points as miscellaneous income and issue a 1099.
  • Standard Chase rules apply to approvals and bonus eligibility so applicants should verify they meet issuer limits, watch enrollment and booking windows for new perks, and be ready to meet the $5,000 spend requirement to capture the full value.