Chase Sapphire Preferred®
Chase determines account eligibility, approval, and bonus qualification. Terms may change. Verify the latest terms on the official website before applying.
Offer terms at a glance
We separate the headline from the conditions required to earn it.
- Product name
- Chase Sapphire Preferred®
- Financial institution
- Chase
- Offer type
- Credit card welcome bonus
- Current bonus
- 100,000 points
- Required deposit or spending
- Spend $5,000 on eligible purchases in the first three months from account opening.
- Direct deposit requirement
- Not applicable.
- Minimum balance
- Not applicable.
- Monthly or annual fee
- $95 annual fee
- How to waive the fee
- The official offer does not list a waiver for the annual fee.
- Eligible states / geographic restrictions
- U.S. consumer credit-card offer; availability and terms can vary by application channel and applicant location.
- Offer deadline
- The official page says the offer ends soon but does not publish a calendar deadline. Verify before applying.
- Estimated payout timing
- Allow 6–8 weeks after qualifying for the bonus to post, provided the account is open and not in default.
- Early closure considerations
- The account must be open and not in default at fulfillment. Review the cardmember agreement and rewards terms before closing or changing the account.
- Credit inquiry information
- Applying for a credit card generally authorizes a credit review. Chase determines the process and approval; review the application disclosures before submitting.
- Applicants who can meet the spending requirement through planned purchases without carrying avoidable interest.
- People who understand that point value varies by redemption method.
- People who would need to spend beyond their normal budget or carry a balance to reach the threshold.
- People who currently have this card or may be ineligible under Chase’s prior-card or prior-bonus rules.
What the headline leaves out
The offer is denominated in points, so its net value depends on how the points are redeemed and whether the $95 annual fee is worth paying for the card’s broader benefits. Carrying interest to reach the spending target can quickly erase value.
How this offer differs
This offer has a much larger spending requirement and an annual fee, unlike the current Freedom Unlimited offer. It may provide more upside for travelers, but the value is less straightforward than a fixed cash-back bonus.
- 01Approval and bonus eligibility are determined by Chase.
- 02The card is unavailable if you currently have this card open; a prior card or prior bonus may affect welcome-bonus availability.
- 03Chase may consider the number of cards opened and closed.
- 04Balance transfers, cash advances, cash-like transactions, person-to-person transfers, interest, unauthorized charges, and fees do not count as purchases.
- 05Offer availability and terms may vary by channel and change over time.
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Frequently asked questions
How much must I spend for the welcome offer?
The public offer requires $5,000 in eligible purchases during the first three months from account opening.
Are 100,000 points worth $1,000?
There is no single universal value. Redemption values vary by option, so compare the value shown in Chase’s redemption flow before treating the points as a cash amount.
Does the annual fee count toward minimum spending?
No. Chase excludes fees, interest, balance transfers, cash advances, person-to-person transfers, and other cash-like transactions from qualifying purchases.