Chase Sapphire Preferred's new offer presents rare reward opportunity

"It's common to see cobranded cards from programs like Hilton Honors and IHG One Rewards pass the six-figure mark. But those currencies are worth significantly less on a per-point basis," the report highlighted.

The current offer matches the previous high seen only once before in the summer of 2021. During that period, the same bonus was available but remained only for a limited time.

"The last time was nearly four years ago — as the world was coming out of the depths of the pandemic," TPG notes, emphasizing the rarity of such an offer.

Despite a $95 annual fee and a spending requirement of $5,000, the Sapphire Preferred offer is considered outstanding, especially considering the average American household expenditure metrics. The program’s simplicity and value are underscored by a $50 statement credit for hotel purchases via Chase Travel, adding to its appeal.

"The only ongoing perk you really need to track on the card is a $50 annual statement credit for hotel purchases made through Chase Travel℠," states the report.

While the bonus represents a fixed cash value when used through the Chase Travel portal, its true potential lies in its transferability to 11 airline and three hotel currencies. Real-world examples from TPG illustrate the possible lucrative outcomes, such as converting points for premium class flights or luxury accommodation.

In conclusion, the decision to label the 100,000-point offer as one of the best seen in recent history seems justified. "So, if you're eligible to earn the 100,000 bonus points and are ready to add to your points piggy bank, this is the moment you've been waiting for," encourages the announcement.