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.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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Edited September 14, 2020
at 09:24 AMby
Chase Sapphire Preferred® 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.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
If you currently have any kind of Saphire personal card that is active, you will NOTqualify for bonus points, even if you are approved.
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."
95 af is not waived for first year basically previously it was 50k with 95 waived first year now it's 60k with 95 af so pretty much the same
Also I'll get csr rather than csp if you spend 3400+ in travel, dining etc
It is pretty straightforward. When you use your card for ANY travel purchase (like Airbnb, airfare, hotels, Lyft, Uber, parking, some tolls, and many others), you will automatically be reimbursed, until you've spent a total of $300 on travel. In other words, Chase will pay for the first $300 in travel you spend each year with your card.
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As someone who had always used the Costco credit cards (both Amex and Visa) and the Uber visa - is this a great card for every day use to build up travel miles? I've always used cash back cards.
As someone who had always used the Costco credit cards (both Amex and Visa) and the Uber visa - is this a great card for every day use to build up travel miles? I've always used cash back cards.
If you want to build up miles doing a bunch of CC signups will get you there vastly faster than everyday spend.
If you plan to travel any significant amount the CSR is also a better card than this one- but you're gonna want a few other Chase cards to get the most value out of your everyday spend on top of the signups... at a minimum a freedom, an ink cash, and either the ink unlimited or freedom unlimited.... (the CIBP is also worth getting strictly for the signup bonus)
You'll want to do some reading on the rules around chase cards before you do anything though- in particular because you'll want to do the business cards first to keep under 5/24 as long as possible.
Hi Guys , I got this card little late and could spend only 3100 in first 3 months so could not qualify for bonus. I also gave annual charge. Do you think I should cancel the card and later try to get same and bonus? Thanks in advance for your advices.
Hi Guys , I got this card little late and could spend only 3100 in first 3 months so could not qualify for bonus. I also gave annual charge. Do you think I should cancel the card and later try to get same and bonus? Thanks in advance for your advices.
nop the day you approve for sapphire, wait for 48 months for any other Saphire bonus. doesn't matter even if you cancel
You people are PROS. I just suffered through four months of 'buying' to get a ton of miles for American (w/ citi) to find out that within the last four years I had a card with them so I get nothing... no bonus. in frustration I canceled the card. I need a NEW card (we pay every month so no carry over). I just want the most bang for the buck. could be travel could be cash back. not a fan of annual fees.
thoughts?
look for wells Fargo propel amex card too, no AF plus 3x on gas,travel,restaurant, no FT fees
Hi Guys , I got this card little late and could spend only 3100 in first 3 months so could not qualify for bonus. I also gave annual charge. Do you think I should cancel the card and later try to get same and bonus? Thanks in advance for your advices.
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from nilbatey
:
nop the day you approve for sapphire, wait for 48 months for any other Saphire bonus. doesn't matter even if you cancel
They did not receive the bonus, so the 48 month rule does not apply.
"This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months."
As someone who had always used the Costco credit cards (both Amex and Visa) and the Uber visa - is this a great card for every day use to build up travel miles? I've always used cash back cards.
I'm have the same experience profile as you: Costco cashback only.
However, I just came back from Europe this last week & one of our ticket was 60K miles we got 5 years ago on an Citi American Advantage signup bonus for spending $3K in first 3 months.
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
The devils is in the details as I am new at this too - but questions I still have are:
If I have say Chase cards already - opened years ago - can I apply for several new Chase mileage cards at once now?
I'm have the same experience profile as you: Costco cashback only.
However, I just came back from Europe this last week & one of our ticket was 60K miles we got 5 years ago on an Citi American Advantage signup bonus for spending $3K in first 3 months.
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
The devils is in the details as I am new at this too - but questions I still have are:
If I have say Chase cards already - opened years ago - can I apply for several new Chase mileage cards at once now?
I'm new to this whole "sign up for them all at once thing." Is there something that explains how I would go about this process? I haven't used a Chase CC in over 10 years.
All banks have their own, different, rules on signing up for cards.
So if you want to get into doing a bunch of signups you will need to invest some time on research.
In general though you'll want to worry about 5/24 as your first thing.... Chase will auto deny new applications if you've opened 5 or more accounts with anyone not just chase in the last 24 months.
Important note there: Most banks do not report business cards on your personal report
So most new business cards won't count as part of the 5. (Though Chase still checks you are below 5/24 if you apply for a business card).
So generally you'll want to do all the business cards you can first- and 5 personal chase cards.
Then you can move on to other banks who each also have their own rules... (for example Amex is one bonus per specific card, lifetime.... and max of 5 credit cards at any one time.... Citi is one bonus of a given type (across all cards of that type) every 24 months... etc)
However, I just came back from Europe this last week & one of our ticket was 60K miles we got 5 years ago on an Citi American Advantage signup bonus for spending $3K in first 3 months.
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
Nope, that is not correct. Taking advantage of signup bonuses = great. But not in the way that you are thinking. Putting aside the fact that opening new cards in general don't hurt your credit in the way that many people mistakenly believe (as long as you aren't carrying balances), credit pulls don't get lumped together in the same way they might have a few years ago. And due to faster (near-instantaneous) reporting of hard pulls, the "App-O-Ramas" that used to be popular are not particularly useful anymore - and will likely result in fewer successful cards than a more patient, but still quick pace.
Quote
:
If I have say Chase cards already - opened years ago - can I apply for several new Chase mileage cards at once now?
Also, no. Chase has rules limiting how many cards you can get, and how fast you can get them. As has already been mentioned, 5/24 is the most significant rule. Once you hit 5 new personal cards from all lenders in a 24 month period, Chase will auto-deny you for any new cards until you fall back below 5/24.
Chase has a 2/30 rule for personal cards - you can't apply for more than 2 new personal cards from them in a rolling 30-day period. You can't 'double dip' tow card applications in the same day - it is possible that Chase may initially approve you for 2 cards, but many DP's show that Chase will cancel the 2nd card before you actually get it, AND the cancelled card still gets reported to your credit report and counts against the 5/24 rule.
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from acplayer
:
I'm new to this whole "sign up for them all at once thing." Is there something that explains how I would go about this process? I haven't used a Chase CC in over 10 years.
Thanks!
The first, main thing. Don't follow that person's bad advice to 'sign up for them all at once'.
Nope, that is not correct. Taking advantage of signup bonuses = great. But not in the way that you are thinking.
Putting aside the fact that opening new cards in general don't hurt your credit in the way that many people mistakenly believe (as long as you aren't carrying balances), credit pulls don't get lumped together in the same way they might have a few years ago.
And due to faster (near-instantaneous) reporting of hard pulls, the "App-O-Ramas" that used to be popular are not particularly useful anymore - and will likely result in fewer successful cards than a more patient, but still quick pace.
So if I apply for 3 cards on the same day from 3 different banks, you are telling me the reporting agencies will ding me 3 different times?
News to me as car loans are still treated as almost a cohort credit inquiry not individual inquiries.
You got any data source I can read up on your thesis?
If SO is an authorized user on a Chase Sapphire Reserve card, would they still get the bonus if they sign up for their own Sapphire Preferred card?
Of course they can.
Keep in mind Chase usually "counts" being an AU as one of the cards for 5/24 initially... (you can often get them to NOT count them by calling recon and telling them you're not financially responsible for that card though).
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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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Sure.
If you want to build up miles doing a bunch of CC signups will get you there vastly faster than everyday spend.
If you plan to travel any significant amount the CSR is also a better card than this one- but you're gonna want a few other Chase cards to get the most value out of your everyday spend on top of the signups... at a minimum a freedom, an ink cash, and either the ink unlimited or freedom unlimited.... (the CIBP is also worth getting strictly for the signup bonus)
You'll want to do some reading on the rules around chase cards before you do anything though- in particular because you'll want to do the business cards first to keep under 5/24 as long as possible.
thoughts?
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"This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months."
I'm have the same experience profile as you: Costco cashback only.
However, I just came back from Europe this last week & one of our ticket was 60K miles we got 5 years ago on an Citi American Advantage signup bonus for spending $3K in first 3 months.
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
The devils is in the details as I am new at this too - but questions I still have are:
If I have say Chase cards already - opened years ago - can I apply for several new Chase mileage cards at once now?
However, I just came back from Europe this last week & one of our ticket was 60K miles we got 5 years ago on an Citi American Advantage signup bonus for spending $3K in first 3 months.
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
The devils is in the details as I am new at this too - but questions I still have are:
If I have say Chase cards already - opened years ago - can I apply for several new Chase mileage cards at once now?
Thanks!
So if you want to get into doing a bunch of signups you will need to invest some time on research.
In general though you'll want to worry about 5/24 as your first thing.... Chase will auto deny new applications if you've opened 5 or more accounts with anyone not just chase in the last 24 months.
Important note there: Most banks do not report business cards on your personal report
So most new business cards won't count as part of the 5. (Though Chase still checks you are below 5/24 if you apply for a business card).
So generally you'll want to do all the business cards you can first- and 5 personal chase cards.
Then you can move on to other banks who each also have their own rules... (for example Amex is one bonus per specific card, lifetime.... and max of 5 credit cards at any one time.... Citi is one bonus of a given type (across all cards of that type) every 24 months... etc)
So it is totally worth it to binge on these signup bonuses.
& if you can do them all at once - ie apply for a bunch at once - your credit check won't get dinged exponentially at all.
Chase has a 2/30 rule for personal cards - you can't apply for more than 2 new personal cards from them in a rolling 30-day period. You can't 'double dip' tow card applications in the same day - it is possible that Chase may initially approve you for 2 cards, but many DP's show that Chase will cancel the 2nd card before you actually get it, AND the cancelled card still gets reported to your credit report and counts against the 5/24 rule.
Thanks!
Putting aside the fact that opening new cards in general don't hurt your credit in the way that many people mistakenly believe (as long as you aren't carrying balances), credit pulls don't get lumped together in the same way they might have a few years ago.
And due to faster (near-instantaneous) reporting of hard pulls, the "App-O-Ramas" that used to be popular are not particularly useful anymore - and will likely result in fewer successful cards than a more patient, but still quick pace.
News to me as car loans are still treated as almost a cohort credit inquiry not individual inquiries.
You got any data source I can read up on your thesis?
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Of course they can.
Keep in mind Chase usually "counts" being an AU as one of the cards for 5/24 initially... (you can often get them to NOT count them by calling recon and telling them you're not financially responsible for that card though).