Update: This popular deal is no longer available.
Chase.com is offering 60,000 Bonus Points ($750 towards travel) w/ $4000 Spent in the First 3 Months of Account Opening for their Sapphire Preferred Credit Card with $95 Annual Fee. Thanks brisar
Note, please verify/see all the pricing/terms listed below.
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Edited September 14, 2020
at 09:24 AM
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Chase Sapphire PreferredĀ® Card.
Chase is offering 60,000 Bonus Points ($750 towards travel) w/ $4000 Spent in the First 3 Months of Account Opening for their Sapphire Preferred Credit Card with $95 Annual Fee.
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If you close your Saphire card recently, you will need to wait 48 months from the date you received the previous Saphire bonus before applying to get the new card's bonus points.
Be careful not to waste a hard credit pull
Chase T&C:
"The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products."
Also I'll get csr rather than csp if you spend 3400+ in travel, dining etc
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There's two risks involved. One is risk of someone just not paying out as they promised and there's also risk of the flaws in the referral process.
For someone to payout $100 takes a major whack out of their referral bonus, especially considering that they now have to pay taxes on the referral bonus. Max value of the referral is $225 if they're transferred to the CSR and redeemed for travel. If you only consider cash value, it's only $150. After paying out $100 in cash and paying taxes on the full $150, it's arguable if it's worth the effort for a legit seller. That makes you have to at least question if someone will follow through on paying out.
The referral system isn't perfect either. Say that seller has three people use their link, but he only receives two referral bonuses from Chase. He has no way of knowing who did or did not properly use their link, and whether the issue was on Chase's end or on the applicant's end. Options/success paths for the seller to try and get the missing bonus are pretty limited. So who does he pay $100 to? If he pays all three people based on good faith, he barely breaks even and likely is at a net loss once you factor in taxes. Saying that the referral bonus never posted on their end is an out they can take to avoid paying out and you really have no way to prove either way.
I know I've had people say they applied using my referral link before and then not received the associated bonus, so it definitely happens. I've also received double and triple bonuses for a single Marriott referral. It's not common, but just saying the system is perfect.
Sorry for the long response, it's just a topic that comes up time and time again on credit card and point forums. I personally use referral links from family or friends, or from someone who has helped me out online on the forums with credit card information/strategies as a way of helping out a friend or family member, or giving back to a community member.
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Yes she can do a one time transfer
Can you refer me and I'll refer you? Would we both get an extra 15000 points?
TIA
TIA
The real value of the CSR is for someone who travels and will utilize TSA pre-check and lounge access. The extra value for redeeming points for travel, 1.5X with the CSR vs 1.25X with the CSP is definitely nice, but that benefit is largely nil right now since the CSP is offering an extra 10k points on the signup bonus. However if you plan to continue to open Chase UR cards to get signup bonuses and transfer those points to the CSR for redemption, that's a big plus in the CSR's favor.
Both cards can be downgraded after the first year to a no-AF card, like the Freedom or Freedom Unlimited.
For your situation, as long as you last received a signup bonus on a Sapphire card more than 48 months ago, you can downgrade your current Sapphire card (or close it), and then reapply. You would be eligible for the signup bonus. I'd recommend waiting at least a week before reapplying after doing a product change.
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Generally transfers to Hyatt for hotels, or many airlines for coach seats, will get you 2-2.5 cents per point.... airline transfers for business or first class seats can often get you 5-10 cents per point.
For example we recently paid 60,000 points roundtrip for business class tickets between Dulles and Dublin on Aer Lingus- that's a nearly $5000 ticket in cash for the dates we flew (and even on the cheapest dates is typically a $3000 or so ticket)
Recently I just used the Chase portal to book my ticket with my 70,000 points (CSP), it only equal to $850, that i can book a roundtrip economy ticket to hong kong during June.
I am planning to downgrade the CSP card to avoid the AF since I got this card last year; so to wait for the 48 months (+1 month which i got my points after 1 month) to open another CSR (if avaliable bonus at that time).
Appreciated all your time!
Thanks!