Chase Sapphire Preferred's 100,000-point bonus has ended, but similar offers return regularly

The Chase Sapphire Preferred 100,000-point sign-up bonus is not currently available. Chase ended that offer in late 2023 and replaced it with a 60,000-point bonus, which has remained the standard offer since then. However, Chase does rotate its sign-up bonuses on premium travel cards periodically — sometimes raising them, sometimes lowering them — so a 100,000-point offer could return in the future, though there is no may provide and no announced date.

The card itself remains available year-round. The question is whether the bonus amount will climb back to 100,000 points. That depends on Chase's business strategy, competition from other issuers, and spending patterns among cardholders — factors that shift throughout the year and are not publicly predictable.

Key Takeaways

  • The 100,000-point bonus ended in late 2023; the current offer is 60,000 points.
  • Chase rotates sign-up bonuses on premium cards based on market conditions, so higher bonuses do return occasionally but are not may provide.
  • You can check the current offer by visiting Chase's website or calling the card's customer service line directly.
  • If you want the card and the current bonus meets your spending needs, waiting for a higher bonus may mean missing years of rewards and benefits.

Why Chase changes sign-up bonuses and how often

Chase adjusts sign-up bonuses to manage demand for its cards and respond to what competitors are offering. When a card is very popular or when other issuers raise their bonuses, Chase sometimes raises its own. When demand is steady or when Chase wants to manage costs, the bonus may stay flat or decrease. These changes are not tied to a fixed schedule — they can happen every few months or stay the same for a year.

The Sapphire Preferred is one of Chase's most popular premium travel cards, so it does see bonus changes more often than less popular products. That said, there is no pattern you can rely on. The 100,000-point offer lasted roughly two years before Chase lowered it to 60,000 points, and there is no way to know when or if it will return to that level.

How to find out what the current bonus is

The most reliable way to check the current offer is to visit Chase's official website directly and search for "Sapphire Preferred." The offer shown there is the one Chase is promoting right now. You can also call Chase at the number on the back of any existing Chase card, or call the Sapphire Preferred customer service line, and ask what the current sign-up bonus is.

Avoid relying on third-party websites or emails claiming to have exclusive offers, as these are often outdated or inaccurate. Chase's own website and phone line are always current.

Whether waiting for a higher bonus makes financial sense

If you plan to use the Sapphire Preferred for travel and dining purchases, the card's rewards rate and benefits may be worth more to you than the difference between a 60,000-point and 100,000-point bonus. The card earns 5 points per dollar on flights booked through Chase, 10 points per dollar on dining and may be able to access streaming services, and 3 points per dollar on travel. Over a year or two, those ongoing rewards can add up to more value than waiting for a bonus that may not arrive.

The card also includes benefits like trip cancellation insurance, emergency medical and dental coverage abroad, and a $50 annual dining credit. If you would use these features, you are paying for them whether you open the card now or later. Waiting six months or a year for a bonus increase means delaying access to those protections and rewards.

What to do if you want the card but the current bonus is lower

You have three realistic options. First, open the card now if you spend enough on travel and dining to earn back the difference between the current bonus and the higher bonus you were hoping for within the first year. Second, wait if you do not need the card urgently and can afford to miss out on its benefits for several months. Third, consider whether a different travel card with a higher current bonus might serve your needs just as well.

If you choose to wait, set a reminder to check Chase's website every few months. You can also sign up for alerts on travel rewards websites that track bonus changes, though these are not official Chase channels and may not be instantaneous.

Other Chase travel cards with different bonus levels

Chase offers several other travel cards with varying sign-up bonuses. The Chase Sapphire Reserve, the premium tier above Preferred, sometimes carries a higher sign-up bonus than Sapphire Preferred, though it also has a higher annual fee. The Chase Freedom Unlimited and Chase Freedom Flex are lower-tier options with lower bonuses but also lower annual fees. The United Club Infinite Card and Southwest Rapid Rewards Priority Card are co-branded airline cards with their own bonus structures.

If the Sapphire Preferred's current bonus does not appeal to you, comparing these alternatives may reveal a card that fits your travel style and current bonus offer better. Each card serves a different type of traveler and spending pattern.

How sign-up bonuses are taxed and what they are worth

Sign-up bonuses are not taxed as income by the IRS, and Chase does not issue a 1099 form for them. The points themselves have no fixed cash value — their worth depends on how you redeem them. Through Chase's travel portal, Sapphire Preferred points are worth 1.25 cents each when redeemed for travel, so a 60,000-point bonus is worth roughly $750 in travel value. If you transfer points to airline or hotel partners, the value may be higher or lower depending on the partner and the redemption.

This is why the difference between a 60,000-point and 100,000-point bonus matters: it is the difference between roughly $750 and $1,250 in travel value, assuming you redeem through the portal. The actual value to you depends on how you plan to use the points.

Frequently Asked Questions

Can I get the 100,000-point bonus if I had the card before?

No. Chase's sign-up bonuses are only for new cardholders who have not held the card in the past 24 months (or sometimes 48 months, depending on the card). If you previously had the Sapphire Preferred, you would need to wait out that period before you could open it again and earn a new bonus.

Do I have to spend a certain amount to earn the sign-up bonus?

Yes. The current Sapphire Preferred bonus requires you to spend a set amount on purchases within the first three months of opening the account. Chase's website shows the exact spending requirement when you view the offer. You must meet that threshold to earn the bonus points.

What if I open the card at 60,000 points and the bonus goes up to 100,000 later?

You cannot retroactively receive the higher bonus. Sign-up bonuses are locked in when you open the card. If the bonus increases after you are approved, you do not receive the difference. This is another reason some people choose to wait, though waiting is a gamble.

Is there any way to know when Chase will raise the bonus again?

No. Chase does not announce bonus changes in advance. You can only find out by checking their website regularly or monitoring travel rewards websites that track these changes, but even those sites see the change only after Chase makes it.

Should I explore for Sapphire Preferred now or wait for a better bonus?

That depends on whether you would use the card's rewards and benefits enough to make up for a lower sign-up bonus. If you spend heavily on travel and dining and would use the card's travel insurance and credits, opening it now may deliver more total value than waiting months for a bonus that may never arrive.