Chase is offering
80,000 Bonus Points ($1,000 towards travel) w/
$4,000 spent on purchases in the first 3 months of account opening for the Chase Sapphire Preferred® Card. Annual fee is $95. Thanks Cappy123
Card Details:
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
- 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 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, 80,000 points are worth $1,000 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.
Original Post
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Edited November 9, 2020
at 11:50 AM
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Chase is offering 80,000 Bonus Points ($1,000 towards travel) w/ $4,000 spent on purchases in the first 3 months of account opening for the Chase Sapphire Preferred® Card. Annual fee is $95.
Card Details:
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For example, if you met the minimum spend for the sign up bonus in the first month the card was opened, the statement closing date was probably October or November 2016. If you met the minimum spend in the 3rd month that the card was opened, then the bonus may have been awarded in January or even February - again, depends on the statement closing date. You can check your first few statements in that account to know for sure.
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Thanks. But like I said, I know my account opening date was May 25, 2016 since I keep records of that. What i don't know is if I spent $4k in one month in which I should be OK or if I it stretched it to the limit which was 3 months in which case I'm not sure if the points posted in September ir perhaps even October.
Change freedom to freedom flex and immediately downgrade reserve to freedom ?
If this wouldn't work what is the other option for downgrading reserve if you already have freedom ?
Respect.
#2 is partly luck but #1 is what you control. I see people chase $600 bonus at a bank for ultra safe investments and they don't realize the power of compounding that they are missing on better investments and I am not talking about investing in Tsla - that is not investment - that is gambling.
2. Has anyone been able to generate referrals for their Chase account for this card? If so, which card did you have to generate the referral from?
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I can see that my statement closed September 16, 2016 and sometime during that time I got the 100k bonus on Sapphire Reserve but I'm not sure of the exact date.
Would you further explain your comment? Suppose a bank offers a $600 bonus to have both a checking and savings account with a $10K min. deposit that only has to be kept for a few months. Where can I get a better, equally safe, return for that time period?
The other aspect is taxes. As far as I understand, the $600 is taxed at your max tax rate. But with investments, if you don't cash out, there are no taxes due and hence the money that you would have paid to IRS is also making money for you.
I remember my early years - I went to Prudential to do a brokerage CD - this was long time ago. The rate was around 12% - yes - it was that high. The broker tried to steer me to investments and I would have nothing to do that with that stuff - 12% safe/sound FDIC insured - perfect - that is what I wanted. And that I think was good for me at that time - 1st job out of college, starting to build my nest egg - couldn't afford to lose the savings. But as years have gone by, I don't touch CD's - some cash can temporarily stay in Ally waiting for investments - but almost 100% invested.
I won't make this up - you can go up look it up - go lookup ticker symbol - IHI - 5 years ago, it was at $118 - today it is at around $300. So you tell me - has your collecting $600 every few quarters helped you build wealth at that rate? If yes, you have done well scaling the $600 bonus scheme.
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Actually 705 off since you have to pay an annual fee.