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
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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.
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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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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?
Of course they do. Not sure why you call it a thesis - it is a generally known fact.
Car loans and mortgage inquiries are treated differently - the individual pulls still show up for those types of pulls, but the credit scoring models group them together assuming they were made within a certain period of time. Pulls for credit card applications don't work the same way. 1 pull will always = 1 pull when it comes to your score, no matter when they were made.
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).
So this card is getting great reviews on all the sites, but please clarify this for me.
Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
Or do you guys plan to downgrade the card to a different card?
The people who run 'all the sites' are getting significant kickbacks from Chase when people click through from those sites and apply for the card, so take those reviews with a grain of salt.
If you are invested in the UR ecosystem, 2x points can be useful, but is another reason why the CSR and 3x point categories + near-universal travel credits and other benefits is actually the better card (but the referral/click-through kickbacks aren't as good, so the CSP gets all the 'praise'). Get the card and signup bonus, hold it for a year and then product change it to a $0af Freedom or Freedom Unlimited.
So this card is getting great reviews on all the sites, but please clarify this for me.
Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
Or do you guys plan to downgrade the card to a different card?
Like people said, if you use the travel / dining benefits, get CSR.
If you don't use the travel benefits often enough, to justify CSR, but do rent cars occasionally, the $95 AF may be worth it for the primary rental coverage.
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."
I will be completing FREE 1 year with Chase.. Do they pass discount for Annual fee.. I dont want to pay $95 as Annual fee
With a long enough credit history you can get instant approval with 700. Just make sure your salary/combined credit limit is able to accomodate the $5K minimum limit for this card.
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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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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?
Car loans and mortgage inquiries are treated differently - the individual pulls still show up for those types of pulls, but the credit scoring models group them together assuming they were made within a certain period of time. Pulls for credit card applications don't work the same way. 1 pull will always = 1 pull when it comes to your score, no matter when they were made.
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).
Thanks!
Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
Or do you guys plan to downgrade the card to a different card?
Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
Or do you guys plan to downgrade the card to a different card?
If you are invested in the UR ecosystem, 2x points can be useful, but is another reason why the CSR and 3x point categories + near-universal travel credits and other benefits is actually the better card (but the referral/click-through kickbacks aren't as good, so the CSP gets all the 'praise'). Get the card and signup bonus, hold it for a year and then product change it to a $0af Freedom or Freedom Unlimited.
Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
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Once you get the signing bonus, what benefits does this card give that warrants paying $95 yearly fee going forward.
It gives 2% back on travel and restaurants, which is mediocre.
Or do you guys plan to downgrade the card to a different card?
If you don't use the travel benefits often enough, to justify CSR, but do rent cars occasionally, the $95 AF may be worth it for the primary rental coverage.
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."
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With a long enough credit history you can get instant approval with 700. Just make sure your salary/combined credit limit is able to accomodate the $5K minimum limit for this card.