The window is closing. TPG just confirmed it. The Chase Sapphire Preferred’s 100,000 bonus point offer is ending soon.
It’s barely July yet. But let’s be real — this is already the strongest credit card deal of 2026 when you consider the Chase Sapphire Preferred® Card.
The offer: Earn 100,000 bonus points after you spend $5,000 in purchases during your first three months.
If you were hesitating? Stop. Hesitation is for people who don’t like travel hacks.
Why this isn’t a fluke
History doesn’t repeat, but it rhymes. And right now, it rhymes with “get it while you can.”
This card has existed for 16 years. How many times have we seen it offer 100,000 points?
Three.
Just three. The first time was 2021. The second was earlier this year, in 2025. Now is the third.
Think that will happen next month? Or next week? Probably not. This feels like a flash sale, not a permanent fixture.
TPG values these points at $2,050. That is real value. Usually, to get a welcome bonus that thick, you need a card with an annual fee closer to $500 or even $1,000 (like a Reserve card).
Here? The Chase Sapphire Preferred only wants $95. You’re getting premium-tier points for a mid-tier price tag. That’s the anomaly. The rest of the card’s perks — Chase Ultimate Rewards flexibility, decent travel protections — just stack on top.
The clock is ticking. Sort of.
Chase won’t give a specific date. Classic.
“Ending soon” is the best answer you’re getting from them. It’s vague by design. It creates urgency without promising a deadline you can slack off until.
Last time this happened? The offer lasted about six weeks. This cycle kicked off on June 15.
Do the math. It’s likely gone within a month if not sooner. Waiting for an “official” announcement is playing the game badly. Usually, the announcement is the moment the link disappears.
Who actually gets it?
Big change this year. The old rule used to say “you can’t hold the Reserve and the Preferred together for the bonus.”
That’s gone. You can now hold the Chase Sapphire Reserve® and the Chase Sapphire Preferred simultaneously and still earn the 100,000 bonus. It’s a huge win for stackers.
But you still have to clear the bars. Generally, you need to be eligible if you:
- Never had a Sapphire Preferred welcome bonus before (as primary holder)
- Are under the infamous 5/24 rule (no more than 5 new cards in 24 months)
- Have excellent credit
Not eligible? Don’t bet against the algorithm just yet. TPG’s own editor-in-chief, Nick Eoven, thought he was locked out until he got approved. Rules are rules, but exceptions happen.
What to do with the points
Points are useless if you don’t use them smartly.
Want simplicity? Go through Chase Travel™. You can book hotels and flights directly. Better yet, look for Points Boost hotels — places like The Ritz-Carlton O’ahu or Turtle Bay — where 100k points might stretch up to $1,500 in value.
Want to play god? Transfer them.
Chase Ultimate Rewards partners with 14 airlines and hotel chains. You can turn those points into business class lie-flat seats to Europe for as few as 60,000 miles with Air France-KLM or Aeroplan. Or dump them into World of Hyatt for multiple nights at nice spots like Park Hyatt Los Cabos.
Domestic travel? Southwest and United are cheap to feed. Domestic flights can cost anywhere from 5,000 to a 15k in miles.
A 25,000 point drop? That’s several Hyatt nights or a decent domestic ticket you’d otherwise miss out on.
The cost of waiting
What happens after the 100k offer vanishes? We don’t know. Chase is coy about this stuff.
Before June 15, you could get 75,000 points. If the offer snaps back to that number (a big if, but likely), you just lost 25k points. Based on TPG’s July valuations, that’s a $512 loss on paper.
Or in practical terms: You missed out on a flight home. Or two nights in a city. Or the upgrade to a window seat on a trip that mattered.
Replacement offers usually aren’t this generous. They rarely ever are.
Don’t be the ghost in the comments
TPG’s inbox is full of “why did I wait” messages from readers who missed previous bonuses. It’s always the same story. They saw it was good, they paused to “check their credit,” then they clicked refresh too late.
There’s no fix for that. No customer service rep can revive a dead promo code.
If you’re under 5/24. If you have the credit. If you’ve never taken the bonus before.
Apply now. Not later.
Because in credit card terms “later” usually means “nothing.”
