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Chase Sapphire Preferred® Card Expired

Spend $4K on Purchases
Earn 80,000 Points
+156 Deal Score
379,450 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
379,450 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 Jun 2011
L5: Journeyman
> bubble2 642 Posts
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Sek4u
09-15-2020 at 09:57 AM.
09-15-2020 at 09:57 AM.
Deleted
Reply
Joined Jun 2011
L5: Journeyman
> bubble2 642 Posts
86 Reputation
Sek4u
09-15-2020 at 09:58 AM.
09-15-2020 at 09:58 AM.
Quote from dravid :
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.

I can able to generate lower offer with sapphire card.
creditcards.chase.com/refer-a-friend
Then select your card and provide details
Reply
Joined Feb 2012
New User
> bubble2 2 Posts
10 Reputation
gertron
09-15-2020 at 09:59 AM.
09-15-2020 at 09:59 AM.
Quote from dravid :
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.
A friend tried to get a referral link for the CSP for me. It generated, but it was for the 60k offer. Think it will update to the 80k eventually?
Reply
Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
727 Reputation
bru_that
09-15-2020 at 10:12 AM.
09-15-2020 at 10:12 AM.
Quote from gotojanoo :
I jumped on flex card yesterday. I should a wait. Will 2 cards in 2 days significantly hurt my fico or credit?
No, it won't be a significant effect on your credit score. Maybe a temporary 5-ish points for the extra hard pull.
Quote from sprintuser :
Has it been confirmed that the 48 month rule counts from the date the bonus points posted and not when the old account was opened or closed?
Yes, it is confirmed.
Quote from gertron :
A friend tried to get a referral link for the CSP for me. It generated, but it was for the 60k offer. Think it will update to the 80k eventually?
There is history of Chase adding increased offers like this to referrals after a few days. If you can hold off until next week, do so. There is a reasonable chance your friend's referral will update to 80k points.
Reply
Joined Dec 2006
L3: Novice
> bubble2 158 Posts
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aerohunter
09-15-2020 at 10:12 AM.
09-15-2020 at 10:12 AM.
Quote from dravid :
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?
1. I was not able to obtain the correct information before applying. The first agent clear stated that I was eligible, and I specifically ask when was the last time I got Sapphire bonus, he said No, you did not have any, not showing here. He read out the cards that I currently have. I was thinking in my head, maybe Chase implemented the 48 months rule after I got the CSR( I could be wrong), so maybe I am grandfathered.

2. I got the CSR on launch in late Aug 2016, the 100k bonus in the Oct. 2016, the 2nd month. So, pretty much anyone got the CSR bonus will not be eligible now. Even if require spend was met the Sept 2016 and received the bonus in Sept 2016(first month after getting the CSR), you probably still need to wait until Oct to apply and get the bonus.
Reply
Joined Dec 2007
L10: Grand Master
> bubble2 10,951 Posts
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Pro
CosmologicalConstant
09-15-2020 at 10:20 AM.
09-15-2020 at 10:20 AM.
Quote from PrincipalMember :
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.

Thank you.

Clarification:

1) So, if I had 70% going to stocks (various mutual funds) and 30% going to bonds in my 401K (long term) are you saying that I should continue that allocation, as opposed to temporarily placing 100% in bonds, and then changing back the allocation post COVID

2) If I have monies in stock funds, should I transfer to stable funds NOW when the market is high and then get back post COVID, or should it continue to be invested in stocks where it has been?
Reply
Joined Dec 2007
L10: Grand Master
> bubble2 10,951 Posts
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CosmologicalConstant
09-15-2020 at 10:22 AM.
09-15-2020 at 10:22 AM.
Quote from gertron :
A friend tried to get a referral link for the CSP for me. It generated, but it was for the 60k offer. Think it will update to the 80k eventually?
what specific card the friend used (his own) to generate the referral? did he do it online?
Reply

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Joined Dec 2007
L10: Grand Master
> bubble2 10,951 Posts
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CosmologicalConstant
09-15-2020 at 10:25 AM.
09-15-2020 at 10:25 AM.
Quote from Sek4u :
I can able to generate lower offer with sapphire card.
creditcards.chase.com/refer-a-friend
Then select your card and provide details
yes, but did you generate from which sapphire card....sapphire, sapphire preferred, or sapphire reserve?
Reply
Joined Jul 2006
L6: Expert
> bubble2 1,213 Posts
484 Reputation
PrincipalMember
09-15-2020 at 10:27 AM.
09-15-2020 at 10:27 AM.
Quote from dravid :
Thank you.

Clarification:

1) So, if I had 70% going to stocks (various mutual funds) and 30% going to bonds in my 401K (long term) are you saying that I should continue that allocation, as opposed to temporarily placing 100% in bonds, and then changing back the allocation post COVID

2) If I have monies in stock funds, should I transfer to stable funds NOW when the market is high and then get back post COVID, or should it continue to be invested in stocks where it has been?
#1 - depends upon your age and when you need the money. If you don't need it for at least 10 years, I would go to 100% stocks. Bond yields are so low that they can mostly go up in the future which means that bonds will drop. One thing that I don't know is that during Covid that a lot of companies sold bonds at very high interest rates - don't know if any of the 401K bond funds are leveraging that. But even that, for the long term, I would go 100%.

#2 - don't market time - leave it there. Market in Covid hit stocks will recover 6-months/year before actual Covid recovery - so if you pull out until Covid recovery, you will not participate in the recovery.
Reply
Joined Nov 2015
L9: Master
> bubble2 4,170 Posts
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dshoppr
09-15-2020 at 10:35 AM.
09-15-2020 at 10:35 AM.
I already have Sapphire Preferred card. If I do a product change from Sapphire preferred to Freedom and apply for Sapphire preferred, Will I get the Signup bonus ?
Reply
Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
09-15-2020 at 10:37 AM.
09-15-2020 at 10:37 AM.
Quote from dravid :
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?
The only sure-fire way to have this information is to have access to your prior card statements and see which statement the bonus points posted with (some really organized folks keep a spreadsheet, but you can't really do that looking backwards absent the statements). Alternatively but more conservatively, you can see on your credit report when you opened the card, and count ahead 3-4 months to determine a 'safe' date to use for bonus eligibility.
Reply
Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
09-15-2020 at 10:39 AM.
09-15-2020 at 10:39 AM.
Quote from dshoppr :
I already have Sapphire Preferred card. If I do a product change from Sapphire preferred to Freedom and apply for Sapphire preferred, Will I get the Signup bonus ?
If it has been at least 4 years since you received the signup bonus for your current Sapphire Preferred, and do not also have/have had a Sapphire Reserve, yes you will.
Reply
Joined Oct 2007
L1: Learner
> bubble2 11 Posts
10 Reputation
fabacher
09-15-2020 at 10:49 AM.
09-15-2020 at 10:49 AM.
Quote from dravid :
You won't be approved for a chase card is you have had 5 new credit cards combined in the past 24 months from any credit card company.

Ordinarily You cannot get cash at the 50% bonus rate, but Chase is now offering that 50% as credit towards grocery and home depot purchases (its up to Sept 30 but may get extended)




That is an Incorrect statement. Not just any credit card, like AMEX, Citi, Gas cards, etc.
It is 5 new Chase cards in the past 24 months.
1
3
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Joined Nov 2015
L9: Master
> bubble2 4,170 Posts
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dshoppr
09-15-2020 at 10:50 AM.
09-15-2020 at 10:50 AM.
Quote from bru_that :
If it has been at least 4 years since you received the signup bonus for your current Sapphire Preferred, and do not also have/have had a Sapphire Reserve, yes you will.

is it 4 years? I thought it is 2 years!
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Joined May 2015
L9001: Lurker
> bubble2 9,271 Posts
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texst
09-15-2020 at 10:52 AM.
09-15-2020 at 10:52 AM.
Best way to buy $4k of BTC with CC?
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