Overview
- Chase refreshed the Sapphire Preferred to pay 3 points per dollar at gas stations and EV charging stations and is advertising a limited welcome bonus of 100,000 points after $5,000 in purchases in three months.
- Cardholders are already changing behavior by using the Sapphire Preferred for fill‑ups and rental car top‑offs instead of other general rewards cards to capture higher ongoing earnings.
- At 3 points per dollar, typical road‑trip and monthly gas spending can add several hundred points per trip and roughly 9,000 Ultimate Rewards points a year at about $250 in monthly fuel spend.
- Ultimate Rewards remain transferable to airline and hotel partners such as United, Air France‑KLM Flying Blue, Virgin Atlantic, and World of Hyatt but new Sapphire Preferred accounts opened after the relaunch face a reduced Hyatt transfer ratio.
- The offer’s net value depends on meeting the $5,000/3‑month spend requirement and Chase eligibility rules, and the refresh also added recurring credits such as a $100 annual Chase Travel hotel credit and credits for trusted‑traveler programs and DoorDash.