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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Did you apply for the Preferred or Reserve?
The Reserve is a premium card which has a minimum credit line of $10,000. So it would require a longer and thicker credit history and higher income. In addition to a high score.
The Preferred has a minimum credit line of $5,000. So in general, it's easier to get. But still require more than a CC (say Capital One or Discover) that offers lower credit limits.
Chase has the infamous 5/24 rule. If you have opened 5 new credit cards within the last 24 months from any bank, they will not approve you for a new card. There are a couple exceptions for business cards, targeted offered, etc. But otherwise it can be a big factor.
If you feel you have the credit history, score, income and haven't opened CC's recently, call the "reconsideration line". It could be an algorithm mistake that a human can fix. Or once things reopen, go talk to them at a Chase branch.
Also, in general, Chase is much less apt to offer retention bonus than say American Express. It's almost expected with Amex (especially for the platinum) and even a sort of yearly strategy for some card members.
Did you apply for the Preferred or Reserve?
The Reserve is a premium card which has a minimum credit line of $10,000. So it would require a longer and thicker credit history and higher income. In addition to a high score.
The Preferred has a minimum credit line of $5,000. So in general, it's easier to get. But still require more than a CC (say Capital One or Discover) that offers lower credit limits.
Chase has the infamous 5/24 rule. If you have opened 5 new credit cards within the last 24 months from any bank, they will not approve you for a new card. There are a couple exceptions for business cards, targeted offered, etc. But otherwise it can be a big factor.
If you feel you have the credit history, score, income and haven't opened CC's recently, call the "reconsideration line". It could be an algorithm mistake that a human can fix. Or once things reopen, go talk to them at a Chase branch.
Yea....it's as I say "infamous". So those that want several Chase CC's have to have a strategy.
And just FYI, it's not about balances or anything (in regards to the 5/24 rule). It's literally about opening new CC's.
If you want to get back under 5/24 sooner than later, do a little research on business cards. Chase won't let u open a Chase business card if your above 5/24. BUT only a couple business cards count as 1 of those 5. So let's say u open an Amex Business Card. Then 6 months later you try for a Chase Card. Chase won't count an Amex Business Card as part of the 5/24.
Be careful, and do some research. I believe a Discover Business Card would count.
And just FYI, it's not about balances or anything (in regards to the 5/24 rule). It's literally about opening new CC's.
If you want to get back under 5/24 sooner than later, do a little research on business cards. Chase won't let u open a Chase business card if your above 5/24. BUT only a couple business cards count as 1 of those 5. So let's say u open an Amex Business Card. Then 6 months later you try for a Chase Card. Chase won't count an Amex Business Card as part of the 5/24.
Be careful, and do some research. I believe a Discover Business Card would count.
I'm assuming that by using points, the particular cruises and such are inflated by something like 25% dollar wise. Is that correct?
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I'm assuming that by using points, the particular cruises and such are inflated by something like 25% dollar wise. Is that correct?
You can also transfer points to the frequent traveler programs of selected airlines/hotels (Smart to do when booking Hyatt hotels or business/first class flights on United or other airline partners. Not smart for booking Marriott/IHG hotels, except in very extreme cases).
I'm assuming that by using points, the particular cruises and such are inflated by something like 25% dollar wise. Is that correct?
They "get you" by knowing most people will carry a balance and thus pay interest. Which would negate the benefit of the points.
The Chase portal has a reputation for being "fare". Meaning somethings might be more, but others cheaper than booking direct. You should always compare.
But many feel the best value for points (getting 1.5, 2.0, 3.0+ cents per point) is by using travel partners. You simply dump ur UR points directly to the airline or hotel 1 for 1 (mostly) and book directly.
I just signed up for the Reserve. Plan on hoarding points now for use as travel opens. Not only sign up bonus, but I have enough reoccurring bills to earn some good points. That I'd spend anyway.
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."
No bonus for that
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