Chase Sapphire Preferred is again offering a 100,000-point welcome bonus, which multiple outlets describe as one of the highest public offers for the card. Coverage also focuses on changes tied to a June 2026 refresh that has now taken effect for new cardmembers, including revised welcome-offer terms and updated benefits. The new structure adds or expands bonus earning categories (including 3x categories), increases or adjusts travel-related credits, and includes an additional $100 hotel credit for eligible bookings made through Chase Travel. Trusted-traveler-related credits are also described as part of the update.
While the headline offer is reinstated, at least one outlet highlights a major tradeoff affecting redemptions through Hyatt: transfer terms for Hyatt rewards reportedly change from a 1:1 rate to 4:3 for new Sapphire Preferred cardmembers. Other reporting frames the overall package as mixed—potentially better for some users depending on how they earn and redeem—and recommends reviewing eligibility rules before applying for the 100,000-point bonus. Several guides outline how cardholders can maximize value through partner transfers and by using the expanded credits after the update goes live.
