10 ways you can get at least $2,050 in value from 100,000 Chase points

The best-ever welcome bonus on the Chase Sapphire Preferred® Card (see rates and fees) is ending July 30 at 9 a.m. EDT.Our favorite beginner card currently offers 100,000 bonus Chase Ultimate Rewards points, earned after spending $5,000 on purchases in the first three months from account opening. This is only the third time ever that the card has offered this bonus in its 17-year history.With just a $95 annual fee, this is an incredibly rewarding offer.Based on TPG's July 2026 valuations, Chase Ultimate Rewards points are valued at 2.05 cents each, meaning 100,000 points are worth $2,050. It's the highest valuation of any credit card points and miles we cover in our valuations. This is because there are so many valuable ways to use them through transfer partners.Just how confident are we of the value of Ultimate Rewards points and this welcome offer? TPG's points and miles experts have shared tips on how easy it is to redeem them for maximum value.Last chance: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening with the Chase Sapphire Preferred.If you've been on the fence about whether this truly is the welcome offer of the ye...