Full Breakdown
Chase Sapphire Preferred Refresh Introduces 100,000-Point Welcome Bonus and New Travel Perks
6/17/2026, 8:26:35 AM
Offer Overview and Core Benefits
Effective June 15, 2026, Chase launched a refreshed Sapphire Preferred® Card that combines a limited-time 100,000-point welcome bonus with a suite of new travel-related benefits. Cardholders earn the bonus after spending $5,000 in purchases within the first three months of account opening. The card maintains a $95 annual fee and a 1:1 transfer ratio to Chase’s airline partners for existing members until October 1, 2026.
New Card Benefits and Earn Rates
- $100 annual hotel credit for prepaid bookings made through Chase TravelSM, up from $50.
- $120 statement credit every four years for Global Entry, TSA PreCheck, or NEXUS application fees.
- Complimentary one-year Apple TV subscription (valued up to $156) for enrolled members.
- 3 points per dollar on gas, electric-vehicle charging, and vacation-home rentals booked on Airbnb, Vrbo, Plum Guide, HomeAway, Homestay.com, and Vacasa; existing 3-point categories (dining, streaming, online groceries) remain unchanged.
- 2 points per dollar on other travel purchases, including airfare, hotels, taxis, and trains.
- Expanded travel protections now include emergency evacuation and transportation coverage.
Maximizing the Bonus: United MileagePlus Transfer for Hawaii Flights
The 100,000-point bonus can be leveraged through Chase’s 1:1 transfer to United MileagePlus. A family of four can redeem 104,000 points for round-trip economy flights from Los Angeles (LAX) to Honolulu (HNL), incurring only $44.80 in taxes and fees. Individual one-way fares range from 13,000 to 25,000 points depending on origin airport, making the Hawaii redemption a concrete illustration of the bonus’s travel value.
Data & Statistics
- Welcome bonus: 100,000 points (? $2,000 – $2,050 valuation).
- Annual fee: $95.
- Hotel credit: $100 per year.
- Global Entry/TSA PreCheck credit: $120 every four years.
- Apple TV subscription: $156 value for one year.
- New 3X categories: gas, EV charging, vacation-home rentals.
- Transfer ratio to World of Hyatt changes from 1:1 to 4:3 for new applicants after October 1, 2026.
- Legacy 10 % anniversary points bonus ends for new applicants; existing members retain it until Oct. 1, 2026.
Official Statements & Responses
Chase confirmed that the refreshed card “went live June 15, meaning new and existing cardholders can now start using several perks.” The issuer also noted that the 100,000-point welcome bonus “matches the highest-ever bonus in the card’s history.” Chase’s public materials emphasize that the $100 hotel credit “can be used toward prepaid hotel bookings made through Chase TravelSM” and that the $120 credit “covers the application fee for Global Entry, TSA PreCheck, or NEXUS.”
Criticism & Opposition
Analysts highlight two drawbacks: the reduction of the World of Hyatt transfer ratio to 4:3, which raises the points cost for Hyatt stays, and the removal of the 10 % anniversary points bonus for new applicants. Both changes potentially diminish the card’s value for members who rely on Hyatt redemptions or who previously benefited from the anniversary boost.
Conflicting Reports & Gaps
Valuations of the 100,000-point bonus differ across sources: one analysis cites a $2,000 travel value, while another estimates $2,050 based on June 2026 point valuations. No source provides a definitive, universally accepted conversion, leaving the exact monetary worth ambiguous.
Verbatim Quotes
- “It's official: The recently announced updates to the Chase Sapphire Preferred® Card (see rates and fees) went live June 15, meaning new and existing cardholders can now start using several perks.” — Chase
- “Limited-time offer on the Chase Sapphire Preferred: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening.” — Chase
- “CHASE Activate your complimentary Apple TV subscription The Sapphire Preferred now offers a complimentary one-year Apple TV subscription worth up to $156.” — Chase
- “The Sapphire Preferred now awards a $120 application fee credit for these expedited screening services, valid once every four years.” — Chase
- “The 100,000-point bonus is still worth at least $1,000 toward travel booked through Chase TravelSM at a fixed value of 1 cent per point — and potentially up to $1,500 via Points Boost.” — The Points Guy
What’s Next
The 100,000-point welcome bonus remains a limited-time offer; prospective applicants must meet the $5,000 spend requirement within three months and satisfy Chase’s 5/24 rule. Existing members should consider activating the new credits before their next anniversary, while new cardholders must weigh the impact of the altered Hyatt transfer ratio on future hotel redemptions.
