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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I can able to generate lower offer with sapphire card.
creditcards.chase.com/refer-a-friend
Then select your card and provide details
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?
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.
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?
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creditcards.chase.com/refer-a-friend
Then select your card and provide details
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?
#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.
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)
It is 5 new Chase cards in the past 24 months.
is it 4 years? I thought it is 2 years!
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