News Summary

• New Sapphire Preferred cardholders can earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening.
• Using TPG's June 2026 valuation of Chase Ultimate Rewards points at 2.05 cents apiece, this bonus is worth $2,050.
• Holding another Sapphire card, such as the premium Chase Sapphire Reserve, does not disqualify you from being approved for and earning the bonus on the Sapphire Preferred.
• If you have a poor credit score or flaws in your credit profile, you may still be denied for the card.