Chase has moved its Sapphire Preferred 100,000 point welcome offer into an ending soon phase. The bank has not posted a final application date, so the practical change is a warning rather than a countdown: eligible new applicants can still see the elevated offer, but they cannot safely plan around a published deadline.
The offer requires 5,000 dollars in purchases during the first three months after account opening and carries the card’s 95 dollar annual fee. As of July 20, 2026, the decision is less about a headline point total than whether a traveler can meet that spend normally, use the current travel benefits and accept that approval and bonus eligibility are not guaranteed.
- Offer status: Chase labels the 100,000 point Sapphire Preferred welcome offer as ending soon but gives no public end date.
- Spending rule: A qualifying new cardmember must make 5,000 dollars in purchases within three months of opening the account.
- Annual fee: The card keeps its 95 dollar annual fee, which does not count toward the required purchases.
- Eligibility warning: Chase says prior ownership, a prior bonus and recent account activity may affect whether the bonus is available.
- Travel angle: Current benefits include a 100 dollar Chase Travel hotel credit and up to 120 dollars for one trusted traveler application.
What ending soon actually confirms
The official Sapphire Preferred offer page now places an ending soon notice directly above the 100,000 point bonus. Chase says the bonus becomes available after 5,000 dollars in qualifying purchases during the first three months, and it may take six to eight weeks to post after the requirement is met.
Chase has not attached a calendar date to that notice. The Points Guy reported on July 16 that Chase had confirmed the offer was ending soon, but the outlet also said the bank did not provide a specific final day, which means a rumored or targeted mailer date should not be treated as the deadline for the public offer.
That missing date changes the planning advice. Someone already considering the card can review the live application terms now, while a person who needs to manufacture spending or rush a major purchase should not let an open ended notice override a normal budget.
The bonus has a precise spending test
The 5,000 dollar threshold applies to purchases made by the primary cardmember or an authorized user during the first three months. Chase says balance transfers, cash advances, cash like transactions, person to person transfers, account funding, interest, fees and the annual fee do not count toward the requirement.
The account must remain open and not be in default when the bonus is fulfilled. Returns and refunds can also reduce qualifying activity, so a reader should judge the offer against purchases that would happen anyway rather than counting transactions that may later be reversed.
The bank also warns that the card is unavailable to someone who currently has Sapphire Preferred open. A previous card or previous new cardmember bonus may affect eligibility, and Chase says it may consider the number of accounts a person has opened and closed when deciding whether to award the bonus.
Those statements are not an approval formula. The safe checkpoint is the exact offer displayed through the application method a reader plans to use, since Chase notes that online, branch and other offers can vary and can change over time.
The card changed before the ending soon notice
Chase introduced the current Sapphire Preferred package on June 15. Its official product announcement added three points per dollar at gas stations, electric vehicle charging and selected vacation home brands, doubled the annual Chase Travel hotel credit from 50 dollars to 100 dollars and added a trusted traveler application fee credit of up to 120 dollars every four years.
The bank kept the 95 dollar annual fee and offered 100,000 points as a limited time launch incentive. Existing and new cardmembers received the new benefits on June 15, while the welcome bonus remained an offer for qualifying new cardmembers rather than a benefit for people who already held the card.
One tradeoff deserves equal billing with the added credits. Chase changed Sapphire Preferred transfers to World of Hyatt from one to one to four to three for new cardmembers applying on or after June 15, and it set October 1 as the change date for earlier cardmembers.
That means 1,000 Ultimate Rewards points transfer into 750 World of Hyatt points under the new ratio. A traveler who expects Hyatt to be the main use for the welcome bonus should calculate with that confirmed ratio instead of using an older one to one assumption.
The travel credits have their own conditions
The 100 dollar hotel credit applies to hotel accommodation purchased through Chase Travel during the cardmember year. Chase says the first 100 dollars covered by that credit do not also earn rewards points, and a reversed or canceled purchase can cause the statement credit to be reversed.
The trusted traveler credit covers one eligible Global Entry, TSA PreCheck or NEXUS application fee charged to the card every four years, up to 120 dollars. A traveler choosing among the first two programs can use Deep Arrival’s Global Entry versus TSA PreCheck guide to compare the international arrival and airport screening use cases before paying an application fee.
Other current travel protections include primary auto rental collision coverage for many eligible vehicles, trip delay reimbursement after more than 12 hours or an overnight stay, baggage delay coverage and emergency evacuation transportation coverage. Each benefit has definitions, payment rules and exclusions, so the guide supplied with an approved account remains the controlling document.
The card also earns five points per dollar on Chase Travel purchases, three on dining and selected gas, electric vehicle charging, vacation home, streaming and online grocery purchases, two on other travel and one on other purchases. Category definitions matter more than the headline multiplier when a merchant or booking channel may code differently.
A point total is not a guaranteed travel value
One hundred thousand points is a large balance, but it does not equal a fixed ticket, hotel stay or cash amount. Chase says redemption values vary by option, and transfer partners can set their own award prices, availability and program rules.
A cash back redemption, a Chase Travel booking and a transfer to an airline or hotel program can therefore produce different outcomes. The sensible comparison uses a trip the reader actually expects to book, available award inventory and the current transfer ratio, not a promotional estimate based on a perfect redemption that may not exist.
The 95 dollar fee is certain once charged, while the bonus depends on approval, eligibility and completing the spend. A prospective applicant should also consider the cost of carrying a balance, because interest can erase the value of rewards quickly and is not reduced by earning more points.
| If you are considering | What to verify now |
|---|---|
| Applying for the 100,000 point offer | Confirm the live offer shows 100,000 points for 5,000 dollars in three months before submitting. |
| Using Hyatt as the main transfer | Calculate with the current four to three transfer ratio rather than an older one to one assumption. |
| Counting a large purchase toward the bonus | Check that it is a qualifying purchase and that a later return will not drop spending below 5,000 dollars. |
| Valuing the annual hotel credit | Price an actual prepaid Chase Travel hotel booking and remember the credited amount does not earn points. |
| Using the trusted traveler credit | Choose Global Entry, TSA PreCheck or NEXUS before paying the eligible application fee with the card. |
- No public countdown: Chase’s ending soon label creates urgency, but an exact final application date remains unconfirmed.
- Budget first: The offer fits best when 5,000 dollars in normal qualifying purchases can be paid without carrying interest.
- Read the live terms: Offer amounts, application methods and eligibility can vary, so save the terms shown before applying.
- Value the real trip: Compare the bonus with a likely redemption and the confirmed transfer rules, not an idealized headline valuation.
The elevated offer remains live as of July 20, but its useful message is specific: Chase is signaling that the current window is nearing its end without publishing the final day. The right response is a careful eligibility, spending and redemption check, not a rushed application based on points alone.
When does the Chase Sapphire Preferred 100,000 point offer end?
Chase says the offer is ending soon but has not published an exact end date for the public application as of July 20, 2026.
How much spending is required for the 100,000 point bonus?
The current offer requires 5,000 dollars in qualifying purchases within the first three months after account opening.
Does the 95 dollar annual fee count toward the spending requirement?
No. Chase lists fees among the transactions that do not count as purchases for the new cardmember bonus.
Can a current Sapphire Preferred cardholder earn this welcome bonus?
Chase says the card is unavailable to someone who currently has it open, and prior card ownership or a prior bonus may affect eligibility.
Do Sapphire Preferred points still transfer to World of Hyatt one to one?
Not for the current new cardmember terms. Chase says Sapphire Preferred transfers to World of Hyatt at a four to three ratio for applicants from June 15, 2026.
