Chase has brought back a rare welcome offer for the Chase Sapphire Preferred, offering an initial 100,000-point bonus to new cardmembers. Coverage also notes that the card’s benefits have been refreshed and are now in effect. Sources describe new earning and redemption-related features, including new 3x bonus categories and a $100 hotel credit for Chase Travel. Additional perks include a trusted-traveler credit.
While the welcome offer is presented as one of the card’s strongest bonuses available, at least one outlet highlights a major tradeoff tied to Hyatt transfers. Under the refreshed terms for new Sapphire Preferred cardmembers, the transfer ratio for Hyatt points is reported to change from a 1:1 structure to 4:3. Other sources frame the overall value as dependent on how cardholders plan to use rewards, including whether they primarily transfer points to airline or hotel partners or pair the card with other products to offset partner devaluations.
