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Chase Sapphire Preferred Offers 100K Bonus, United Transfers, $95 Fee

6/17/2026

Summary

Chase Launches Sapphire Preferred

Chase issues the Sapphire Preferred® Card with a 100,000-point welcome bonus after $5,000 spend.
Cardholders can transfer Chase Ultimate Rewards points to United MileagePlus at a 1:1 ratio with no fee.
Four round-trip flights to Hawaii redeem for 104,000 points plus $44.80 in taxes and fees.
The card’s annual fee is $95, making it a low-cost travel-rewards option.

Summary

Sapphire Preferred Updates

Effective June 15, the card adds 3-point categories for gas, EV charging and vacation-home rentals, raises the annual hotel credit to $100, and expands eligibility to applicants under the 5/24 rule or with a Sapphire Reserve.
Cardmembers receive a $120 statement credit every four years for Global Entry, TSA PreCheck or NEXUS fees.
Pre-June-15 holders keep a 10% anniversary points bonus through Oct. 1, 2026 and a 1:1 Hyatt transfer rate until Sept. 30, 2026.

Summary

Chase Sapphire Refresh

JPMorgan Chase & Co. shares slipped 0.32% to $319.69 on June 15, 2026 after the Sapphire Preferred refresh announcement.
A minute later the stock rose 0.03% to $319.51, a $0.11 gain, indicating mixed investor reaction.
Analysts said keeping the $95 annual fee while adding perks may have limited enthusiasm, tempering the price movement.
The modest swings suggest the market views the card upgrade as a neutral development for JPMorgan’s consumer-banking business.

History

Historical Context

After the 2008 crisis, J.P. Morgan launched the Palladium Card in 2009 for clients with at least $10 million in assets, later rebranding it as the Reserve Card in September 2016. Chase later added the Sapphire Preferred travel card, extending premium rewards to a broader market and sparking a shift toward mass-market travel-credit products.

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Chase Launches Sapphire Preferred

Chase issues the Sapphire Preferred® Card with a 100,000-point welcome bonus after $5,000 spend.
Cardholders can transfer Chase Ultimate Rewards points to United MileagePlus at a 1:1 ratio with no fee.
Four round-trip flights to Hawaii redeem for 104,000 points plus $44.80 in taxes and fees.
The card’s annual fee is $95, making it a low-cost travel-rewards option.

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