Overview
- Chase relaunched the Sapphire Preferred in mid‑June to add 3 points per dollar at gas stations and EV chargers and to promote a limited 100,000‑point welcome offer.
- The 100,000‑point bonus requires $5,000 in spending in the first three months and can be worth roughly $2,000 when optimized through Chase transfer partners.
- Applicants may see an on‑screen pop‑up that says they are not eligible for the welcome bonus and Chase lets people cancel the application without a credit‑score hit if they do not qualify.
- Chase changed the Ultimate Rewards to World of Hyatt transfer math for new accounts opened under the refresh and has limited grandfathering and activation windows that affect net value.
- Practical effects include simple behavior shifts—one reviewer estimated about 9,000 extra points a year from $250 monthly gas spend—and a likely wallet consolidation as travelers route pump purchases to the Sapphire Preferred while weighing eligibility rules.