New Sapphire Preferred cardholders have one last chance to earn 100,000 welcome bonus points after spending $5,000 on purchases in the first three months from account opening. This rare offer, which is worth up to $1,250 in travel redemptions, will officially end on May 15 at 9 AM ET.

Whether you're applying for the Chase Sapphire Preferred Card or the Chase Sapphire Reserve, follow this guide to make sure you're eligible to earn the welcome bonus.

I can’t tell you how often I’ve missed out on a deal and lived with FOMO because I hesitated. That’s why now that the has dropped a six-figure bomb and is offering a welcome bonus of 100,000 bonus points,