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Chase Sapphire Preferred® Card Expired

Spend $4K on Purchases
Earn 80,000 Points
+156 Deal Score
379,113 Views
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

Written by
Edited November 9, 2020 at 11:50 AM by
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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Created 09-14-2020 at 02:56 PM by Cappy123
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Deal
Score
+156
379,113 Views
Spend $4K on Purchases
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.

1,153 Comments

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Featured Comments

It's 4 years since receiving the sign up bonus.
You have to wait 4 years since opening the first one before you can get another.
The application date or the card open date doesn't matter. What matters is the date that you received the sign-up bonus. That date is probably the closing date of the statement in which it was awarded to you.

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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Joined Aug 2004
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> bubble2 238 Posts
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Thundershaft
09-15-2020 at 08:28 AM.
09-15-2020 at 08:28 AM.
Quote from dravid :
WTF is BK?
BK = Bankruptcy
Reply
Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
09-15-2020 at 08:28 AM.
09-15-2020 at 08:28 AM.
1. Once logged into Chase online, it says you can get 15,000 points per person for a maximum of 75,000 points (wow!) for referring people to the Chase Sapphire Preferred card. But, I have been unable to generate a referral code. If you have been able to do so, which existing cards of Chase did you have to generate that code?

2 Totally separate question, can a Chase banking customer generate a referral code for a Chase Preferred Card?
Reply
Joined Dec 2007
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CosmologicalConstant
09-15-2020 at 08:29 AM.
09-15-2020 at 08:29 AM.
Quote from Thundershaft :
BK = Bankruptcy
Thanks!
Reply
Joined Oct 2014
L3: Novice
> bubble2 204 Posts
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terpnation03
09-15-2020 at 08:29 AM.
09-15-2020 at 08:29 AM.
I have a preferred and have had one for almost 4 years now. Very rewarding card at the price if used correctly.
Reply
Joined Nov 2006
L4: Apprentice
> bubble2 968 Posts
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SouthernMan
09-15-2020 at 08:40 AM.
09-15-2020 at 08:40 AM.
Quote from dravid :
WTF is BK?

Yeh, I hate seeing initials and "inside baseball" jargon.
Reply
Joined Dec 2006
L3: Novice
> bubble2 158 Posts
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aerohunter
09-15-2020 at 09:17 AM.
09-15-2020 at 09:17 AM.
I just spend last 30 min on the phone with Chase to find out I am not eligible for the bonus.
At first, I was told, YES, I am eligible for the bonus after multiple transfer and hold. Then I applied online, declined. Called again, then again after multiple transfer and hold, then was told I am still 2 months away from the 48 month for the bonus. I just hope the bonus offer will still be around in Nov.
I applied for CSR Aug 2016, received the bonus Oct 2016.
Reply
Joined Dec 2007
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CosmologicalConstant
09-15-2020 at 09:24 AM.
09-15-2020 at 09:24 AM.
Quote from aerohunter :
I just spend last 30 min on the phone with Chase to find out I am not eligible for the bonus.
At first, I was told, YES, I am eligible for the bonus after multiple transfer and hold. Then I applied online, declined. Called again, then again after multiple transfer and hold, then was told I am still 2 months away from the 48 month for the bonus. I just hope the bonus offer will still be around in Nov.
I applied for CSR Aug 2016, received the bonus Oct 2016.
1. Given the various and conflicting advice you received on when you receive the bonus, what is your recommendation of how once can get this piece of information?

2. If you applied for the CSR in Aug 2016, I assumed you didn't get the 100K bonus, correct? Didn't the the 100K come a few months after it was launched and that it didn't launch with 100K?
Reply

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Joined Feb 2012
L3: Novice
> bubble2 126 Posts
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GBv44
09-15-2020 at 09:27 AM.
09-15-2020 at 09:27 AM.
Quote from aerohunter :
I just spend last 30 min on the phone with Chase to find out I am not eligible for the bonus.
At first, I was told, YES, I am eligible for the bonus after multiple transfer and hold. Then I applied online, declined. Called again, then again after multiple transfer and hold, then was told I am still 2 months away from the 48 month for the bonus. I just hope the bonus offer will still be around in Nov.
I applied for CSR Aug 2016, received the bonus Oct 2016.
Yes, it's 48 months after your last Sapphire bonus date.
Reply
Joined Jul 2006
L6: Expert
> bubble2 1,212 Posts
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PrincipalMember
09-15-2020 at 09:29 AM.
09-15-2020 at 09:29 AM.
Quote from dravid :
I won't hold you to it but would appreciate your opinion. Would you invest new 401K monies, RIGHT NOW, in stocks (e.g., S&P 500 index) or do you think the market is overpriced and let those monies temporarily sit in a safe investment? it baffles me that the market is so high when businesses are failing. I do realize that if you invest in bonds and CDs you would get close to 0%, relatively, but right now wouldn't it be better to be extremely safe. Also, would you transfer your existing investments in stocks into something safer? If so, what % would you transfer? I do understand what you say is your personal opinion but I would love your take in this current crazy COVID environment.
1. Absolutely would make 401K contribution to max and also max out after-tax 401k.
2. Yup - would invest that. One thing about 401K is that investments are gradual anyways instead of one chunk - so you got dollar cost averaging.
3. Most 401k's are with Fidelity. I would use their brokerage link option and transfer to the brokerage link account and invest in IHI/IGM/SOXX. These ETF's have done way-way better than S&P 500 over the last 10 years. You also get a chance to pick up inter-day pricing versus the end-of-the-day pricing. Sometimes, the market really corrects mid-day - good time to push the money in.
4. Yes the market is high - so pick correction opportunities. Last Fri, it was almost 10% down in the growth stuff. So good chance to nibble a bit.
5. I would not transfer into something safer if you time horizon is long term. Paying taxes sucks and market timing is always hard - you get out, the market keeps going up and you never get back in. If you are planning to buy a house or send kid to college and need money in the next few years, I would look to cash out. But even then, given that interest rates are zero, I would go read up on covered calls. With covered calls, you can improve the safety significantly while still generating 3-5%.

> it baffles me that the market is so high when businesses are failing

It is the tail of two/three economies. Future growth stuff is priced in some businesses as if Covid is not there. But airlines/cruise lines etc. are really hurting. Stuff like soup did well but then Campbell said that people are no longer stocking so that boring stuff started to come back to earth. Just as a data point - my company didn't lay off people during Covid and my group has the most open positions in the last 2-years - this is the growth stuff.

Added later: Given that there would be some volatility due to the elections, be ready with a game plan - ready to execute.
1
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Last edited by PrincipalMember September 15, 2020 at 09:52 AM.
Joined Jul 2005
King of World Republic
> bubble2 6,627 Posts
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keratoo
09-15-2020 at 09:37 AM.
09-15-2020 at 09:37 AM.
Nvm...
Reply
Joined Nov 2013
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> bubble2 157 Posts
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KaranK4300
09-15-2020 at 09:39 AM.
09-15-2020 at 09:39 AM.
Quote from TonyZ6567 :
I got this card two months ago, wonder if they'll honor the new signup bonus

Yes call chase
Reply
Joined Jun 2011
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> bubble2 642 Posts
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Sek4u
09-15-2020 at 09:41 AM.
09-15-2020 at 09:41 AM.
For anyone able to generate referral with same offer?
Reply
Joined Nov 2007
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> bubble2 125 Posts
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whtan20
09-15-2020 at 09:46 AM.
09-15-2020 at 09:46 AM.
Quote from KaranK4300 :
Yes call chase
Were you actually able to do this? What number did you call? Thanks
Reply
Joined Nov 2013
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KaranK4300
09-15-2020 at 09:48 AM.
09-15-2020 at 09:48 AM.
Quote from whtan20 :
Were you actually able to do this? What number did you call? Thanks

Chase has 90 days policy to match the offer
Reply

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Joined Dec 2007
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CosmologicalConstant
09-15-2020 at 09:55 AM.
09-15-2020 at 09:55 AM.
Quote from Sek4u :
For anyone able to generate referral with same offer?
Are you able to generate a referral even with a lower offer? If so, which card brand did you give to get the referral to CSP. On the referral page, it asks you for your card.....which existing card brand did you give for order for it to generate a referral to the CSP. I tried a few Chase cards and none were able to generate a referral for the CSP regardless of whether it is for a 60K or 80K referral offet.
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