By KBC Associate 
The Chase Sapphire PreferredĀ® Card (see rates and fees) is among the best travel rewards credit cards for beginners. It hits on all fronts: lucrative earning rates, valuable perks and versatile rewards ā all for an affordable $95 annual fee.
Apply here: Chase Sapphire Preferred ā Last chance to earn the highest offer in years; 100,000-point bonus after spending $5,000 on purchases within the first three months of account opening. This offer ends May 15 at 9 a.m. EDT.
Along with Bilt Rewards points, Chase Ultimate Rewards points are the most valuable points of any credit card issuer.
Let’s dive into why you should consider adding the card to your wallet.
Chase Sapphire Preferred current offer
This is the last chance for new Sapphire Preferred cardholders to earn 100,000 bonus points after spending $5,000 on purchases within the first three months of account opening. This offer ends May 15 at 9 a.m. EDT.
According to our May 2025 valuations, this offer is worth $2,050.
The current bonus is 40% higher than the regular offer of 60,000 points.
We’ve only seen 100,000 points offered once in the past eight years. That was in the second year of the pandemic, when issuers were desperately trying to attract and retain customers.
(Note that the current offer requires an additional $1,000 spending ā $5,000 vs. the previous $4,000 in three months.)
Daily Newsletter
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPGās experts
If you’ve been considering getting this card, now is the best time to apply to earn a bonus worth over $2,000, based on TPG’s May 2025 valuations.
Related: Is the limited-time 100,000-point Chase Sapphire Preferred offer really one of the best deals ever?
Why you should apply for the Chase Sapphire Preferred
The Sapphire Preferred is well worth opening ā and keeping beyond the first year ā partly because it is easy to rack up points after you’ve spent the welcome bonus.
The Chase Sapphire Preferred has many generous bonus-earning categories:
- 5 points per dollar spent on travel booked through Chase Travelā
- 5 points per dollar spent on Lyft (through September 2027)
- 3 points per dollar spent on dining
- 3 points per dollar spent on select streaming services
- 3 points per dollar spent on online groceries (excluding Target, Walmart and wholesale clubs)
- 2 points per dollar spent on all other travel purchases
- 1 point per dollar spent on all other purchases
And an up to $50 annual hotel statement credit brings the effective annual fee down to a manageable $45.
Cardmembers also receive a 10% annual point bonus based on their total spend during the account anniversary year at a rate of 1 point for each $1 spent. So, if you spend $20,000 on the card in a year, you’ll get 2,000 extra points at the end of it.
Additionally, Chase Ultimate Rewards can transfer to 14 airline and hotel partners, including valuable programs such as Air Canada Aeroplan, Air France-KLM Flying Blue and World of Hyatt. You can maximize your rewards by booking aspirational business-class tickets or picturesque stays at island resorts for far less than their cash equivalent.
Related: Can you get the 100K Chase Sapphire Preferred bonus if you recently got the card with a lower offer?
Bottom line
The Chase Sapphire Preferred is one of the top travel rewards credit cards on the market.
No wonder many TPG staffers continue to carry the Chase Sapphire Preferred year after year. Given its easy-to-maximize perks, strong earning rates and the usefulness of Chase Ultimate Rewards points, it probably deserves a place in any traveler’s wallet.
Now is your last chance to apply for a record matching 100,000-point bonus. It’s ending soon, so you’ll want to act now before it’s over.
Learn more in our full review of the Chase Sapphire Preferred card.
Apply now: Chase Sapphire Preferred