This 100,000-point bonus ties the highest ever offered on the card. While we don’t know what the bonus will drop to after the end date, it normally sits at 60,000 points. That means the offer ending May 15 is more than a 65% increase compared to the typical bonus.
If the spending requirement sounds like a big number, it works out to about $1,667 per month. And there are lots of creative ways to reach it.
Get $1,250 in Value Through Chase Travel℠
When they redeem their Ultimate Rewards® points for Chase Travel bookings, Sapphire Preferred cardholders get a 25% bonus. That boosts the value of this offer to $1,250 for this redemption method.
Transfer Chase Sapphire Points for Potentially More Value
Like all the top Chase cards, points from the Sapphire Preferred can also be transferred to airline and hotel partners where the value can multiply by 100% or more with strategic redemptions. Strategies to get values that high are to transfer to partners like World of Hyatt or airlines for international upper-class flights.
Redeem as Cash Back for Ultimate Flexibility
Even if you settle on cash back, your points can be redeemed at 1 cent per point. So 100,000 Ultimate Rewards points equal $1,000 in cash that you can use however you like.