Chase has confirmed that its 100,000-point Sapphire Preferred sign-up bonus is winding down, according to a report published July 16, 2026 by The Points Guy. If you’ve been on the fence about applying, this is the kind of offer worth paying attention to — it’s rare enough that Chase and travel outlets alike are flagging it as a limited-time event, not a standard promotion.
What the deal actually is
The Chase Sapphire Preferred is one of the most popular travel rewards cards for everyday households, and Chase periodically boosts its welcome bonus to attract new cardholders. The 100,000-point version currently on offer is being treated as a standout, elevated bonus level rather than the card’s typical baseline — which is exactly why The Points Guy is telling readers not to wait. Chase hasn’t published an exact cutoff date in this alert, so “ending soon” should be read literally: this could close with little additional notice.
Who this is best for
This offer makes the most sense for Southern families and value-seekers who already put regular household spending — groceries, gas, utilities, back-to-school shopping — on a credit card and pay it off monthly. If you’re planning fall travel or already have a trip on the calendar, a large points haul like this can meaningfully offset flights or hotel stays booked through Chase’s travel portal or transferred to airline and hotel partners. It’s a much better fit for someone who can comfortably meet a minimum spend requirement through normal expenses than for someone who’d have to stretch their budget just to chase the bonus.
How it compares
Welcome bonuses on major travel cards fluctuate throughout the year, and issuers don’t always bring back an elevated offer once it disappears. Because this 100,000-point level is being described as rare and well-documented rather than a recurring seasonal promotion, there’s no guarantee a comparable bonus resurfaces anytime soon. If you’ve been waiting for “a good moment” to apply for a travel rewards card, the timing argument here is straightforward: bonuses this size don’t sit around indefinitely.
Caveats worth knowing
A few things worth keeping in mind: Chase’s own confirmation is that this offer is ending soon, not that it has a fixed public expiration date — so don’t assume you have weeks to decide. Applying for a new card also affects your credit profile, and Chase has eligibility rules around how recently you’ve opened other Chase cards, so check your own application history before applying. And as with any points-earning card, the bonus is only valuable if you can meet the spending requirement through purchases you were already going to make, not by overspending to chase points.
The bottom line
If you’ve been considering a Chase Sapphire Preferred application, this is the moment to stop waiting and check your eligibility. Review Chase’s current terms for the exact bonus requirements and deadline before you apply, since those specifics can change quickly on a limited-time offer like this one.