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Chase Sapphire Preferred® Card Expired

Spend $4K on Purchases
Earn 80,000 Points
+156 Deal Score
379,603 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
379,603 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 Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
09-15-2020 at 11:04 PM.
09-15-2020 at 11:04 PM.
Quote from cardboardbox :
thanks! I had no idea. I dont apply for cards very often.

repped!

Is it just Chase that has this restriction? I know my wife has applied for 2 in one day before, I think it was Wells Fargo and BoA.
Chase is the only one that I know of that will go as far as shutting down an 'extra' card I'd they approve 2 in 1 day. Some other card companies do have limits on short-term velocity, like 2 cards in x days as well as broader rules on new cards similar to Chase 5/24. I have been approved for 2 Barclays cards in 1 day, and BofA and Amex are also possible.
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Joined Jan 2012
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> bubble2 3,813 Posts
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RedElmo
09-16-2020 at 02:54 AM.
09-16-2020 at 02:54 AM.
Quote from SmilingMorning4257 :
I'm lower income. I can't spend 4k without going on a shopping spree that I'll later regret. I know people will chastise me for asking this: but is it possible to scam the offer? Meaning, can I buy a couple of TVs at Costco and return them after receiving the points in 3 months? Or would they take them back?

Nope won't work. Any returns that dip it back below the spending limit you'll run into issues with the points. Crawled back, or if you used the points account closed and blacklisted from future chase products. So when you do become rich one day you'll be screwed from getting bonuses then.
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Joined Dec 2007
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> bubble2 10,951 Posts
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CosmologicalConstant
09-16-2020 at 06:33 AM.
09-16-2020 at 06:33 AM.
Quote from bru_that :
1. Because Chase does not allow for cross-product referrals for the UR-earning cards like AMEX does for their cards (or as Chase has started doing within the Marriott and Southwest card families). Basically, b/c that is their particular business decision.

2. No

3. No
Much appreciate the clarification. Thanks.
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Joined Feb 2012
New User
> bubble2 2 Posts
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gertron
09-16-2020 at 07:07 AM.
09-16-2020 at 07:07 AM.
Quote from dravid :
what specific card the friend used (his own) to generate the referral? did he do it online?
Sapphire Preferred. Yes, online. He said he could only do it on his PC though. Wouldn't work on mobile.
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Joined Aug 2005
L5: Journeyman
> bubble2 698 Posts
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dgodesky
09-16-2020 at 07:11 AM.
09-16-2020 at 07:11 AM.
Quote from SmilingMorning4257 :
I'm lower income. I can't spend 4k without going on a shopping spree that I'll later regret. I know people will chastise me for asking this: but is it possible to scam the offer? Meaning, can I buy a couple of TVs at Costco and return them after receiving the points in 3 months? Or would they take them back?

Even if not the right time now research no fee ways to charge card pay your bills (insurance, utilities, tolls, etc) and pay balance in full each month. Use a cash back card with no annual fee or travel card to build for free vacations. Start early be patient build skills. Did this for 20 years when starting out and cashed in when time was right.
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Joined Feb 2018
L1: Learner
> bubble2 24 Posts
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dcthemvp
09-16-2020 at 08:10 AM.
09-16-2020 at 08:10 AM.
Sorry if this is a stupid question, but do you get 80k bonus points on top of regular rewards points? If so, you essentially get a 800$ cash bonus for signing up, then you pay 95$ annual membership fee, so after 8 years you pay the bonus back, and only receive 1% cash back on standard purchases? Is this correct? I'm trying to convince myself to sign up, but I do a lot of my shopping on amazon, and now Walmart plus, and both of them offer 5% cash back when I use their credit card(s). Can someone give me a good reason to sign up? I really want 800$ bonus, but I don't want a card I'm not going to end up using after 3 months, the hard inquiry on my credit report, and then a 95$ annual fee.
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Joined Dec 2007
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CosmologicalConstant
09-16-2020 at 08:23 AM.
09-16-2020 at 08:23 AM.
Quote from gertron :
Sapphire Preferred. Yes, online. He said he could only do it on his PC though. Wouldn't work on mobile.
Thanks. Apparently, only CSP holders can provide a referral to CSP. (no cross card referrals allowed by Chase). Exception: Chase United cards when cross referral allowed within cards for United mileage program cards.
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Joined Dec 2019
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> bubble2 945 Posts
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golfreak
09-16-2020 at 08:26 AM.
09-16-2020 at 08:26 AM.
Quote from dcthemvp :
Sorry if this is a stupid question, but do you get 80k bonus points on top of regular rewards points? If so, you essentially get a 800$ cash bonus for signing up, then you pay 95$ annual membership fee, so after 8 years you pay the bonus back, and only receive 1% cash back on standard purchases? Is this correct? I'm trying to convince myself to sign up, but I do a lot of my shopping on amazon, and now Walmart plus, and both of them offer 5% cash back when I use their credit card(s). Can someone give me a good reason to sign up? I really want 800$ bonus, but I don't want a card I'm not going to end up using after 3 months, the hard inquiry on my credit report, and then a 95$ annual fee.
The card itself is a great card for a small annual fee.
80K pts is the best I've ever seen. You don't need to hold the card for 8 yrs. Open the card up, get the bonus, cancel once the year is over. Essentially you get $800 for $95 fee. The credit hit is minimal. People open and close CC constantly and apparently its not a problem.
I believe the preferred get you 2 pts for grocery and restaurant spending.
The 80k for me is worth a whole lot more than $800. You can transfer to points to Hyatt, Southwest, etc....making worth a lot more than $800.
For example. I went to Paris last year and stayed in a high end Hyatt for 15K/night. If I wasn't using points, the hotel would have cost over 500 euros per night. Basically I save all my Chase points for Hyatt.​
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Joined Dec 2019
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golfreak
09-16-2020 at 08:29 AM.
09-16-2020 at 08:29 AM.
Curious. My wife has the Preferred over 4 yrs ago and she just canceled the card about 4 months ago. Do you think she can re-apply and get the 80k bonus ??
I can't get the card, I have the Reserved.
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Joined Feb 2018
L1: Learner
> bubble2 24 Posts
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dcthemvp
09-16-2020 at 08:31 AM.
09-16-2020 at 08:31 AM.
Quote from golfreak :
The card itself is a great card for a small annual fee.
80K pts is the best I've ever seen. You don't need to hold the card for 8 yrs. Open the card up, get the bonus, cancel once the year is over. Essentially you get $800 for $95 fee. The credit hit is minimal. People open and close CC constantly and apparently its not a problem.
I believe the preferred get you 2 pts for grocery and restaurant spending.
The 80k for me is worth a whole lot more than $800. You can transfer to points to Hyatt, Southwest, etc....making worth a lot more than $800.
For example. I went to Paris last year and stayed in a high end Hyatt for 15K/night. If I wasn't using points, the hotel would have cost over 500 euros per night. Basically I save all my Chase points for Hyatt.​

Doesn't it affect your credit to close credits cards?

Also, Marriott Bonvoy Boundless card by chase seems to be a better offer, 100,000 bonus points after spending 3k in 3 months + 2x points on all purchases.
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Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
09-16-2020 at 09:54 AM.
09-16-2020 at 09:54 AM.
Quote from dcthemvp :
Sorry if this is a stupid question, but do you get 80k bonus points on top of regular rewards points? If so, you essentially get a 800$ cash bonus for signing up, then you pay 95$ annual membership fee, so after 8 years you pay the bonus back, and only receive 1% cash back on standard purchases? Is this correct? I'm trying to convince myself to sign up, but I do a lot of my shopping on amazon, and now Walmart plus, and both of them offer 5% cash back when I use their credit card(s). Can someone give me a good reason to sign up? I really want 800$ bonus, but I don't want a card I'm not going to end up using after 3 months, the hard inquiry on my credit report, and then a 95$ annual fee.
Quote from dcthemvp :
Doesn't it affect your credit to close credits cards?

Also, Marriott Bonvoy Boundless card by chase seems to be a better offer, 100,000 bonus points after spending 3k in 3 months + 2x points on all purchases.
1. Not all points are the same value. This is something that many people don't pay attention to, and credit card companies love to take advantage of with certain signup offers. In particular, Marriott points (which is what the Marriott card earns - not Chase points) are significantly LESS valuable than Chase UR points. They are roughly similar value for ongoing non-category spend, but I would argue that neither card is very good as a 'daily driver' absent special circumstances.

2. The smart play is to get the Sapphire Preferred, hold it for a year, and either close it or downgrade it to a $0 fee Freedom Unlimited (or Freedom Flex if allowed). You get the 80k point bonus, only pay 1 annual fee, and can end up long term with a better general-purpose card if that's what you want.

3. Short answer - Closing a credit card does not have a significant impact on credit scores for most people/circumstances. Longer answer - Closing a credit card is reflected on your credit report in 2 ways - Open vs. Closed accounts, and your overall credit limit across all open accounts (which affects utilization):

After closing a card, that card is displayed on your credit report as a closed account, which is simply a neutral indicator as long as the card was closed in good standing. When calculating the average age of your credit accounts, the FICO scoring models actually continue to count those closed cards for 10 years after closure - and the closed cards continue to 'age' during that time. That portion of your score isn't affected at all, until 10 years have passed, at which time the effect shouldn't be much assuming you have gotten/held other cards over the course of the preceding decade.

NOTE: Credit Karma and other similar services (including some bank-provided services) use what is called a Vantage Score (aka FAKO score) rather than a legit FICO score. No known lenders actually use Vantage in making lending decisions - its main purpose is showing a score to people who want to see their 'credit score'. Vantage calculates Average Age of Accounts differently, ignoring all closed cards at the moment that closure is reported. That means that if you use one of their 'estimator' tools to see the effect of closing a card, the result will not actually be indicative how your legit FICO score will be impacted, and people with a number of closed cards/other loans will see a deflated Vantage score compared to their FICO.

Closing a card will remove whatever that card's credit limit was from the overall credit limit across all of your card accounts. The absolute amount of your credit limit doesn't really matter, but how that limit interacts with your reported card balances - your credit utilization - does. If you pay off your cards in full each month, then your utilization is likely low enough that closing a card won't impact utilization and won't lower your score. IF you are carrying balances from month to month, then closing a card may impact your credit score, if closure causes the ratio of balance to available credit to increase. Once you pay down those balances and improve your utilization ratio, that particular score penalty will go away.
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Last edited by bru_that September 16, 2020 at 09:58 AM.
Joined Dec 2005
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leenga
09-16-2020 at 10:10 AM.
09-16-2020 at 10:10 AM.
From what I have read, Chase will typically match offers within 90 days.

I've only had this card less than a month. I sent a secure message to ask for a match and got a NO. Seems that has been others experience as well so far.
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Joined Mar 2012
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> bubble2 1,087 Posts
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dodgers2025win
09-16-2020 at 10:21 AM.
09-16-2020 at 10:21 AM.
Quote from leenga :
From what I have read, Chase will typically match offers within 90 days.

I've only had this card less than a month. I sent a secure message to ask for a match and got a NO. Seems that has been others experience as well so far.
I also sent them a message yesterday. They came back to me today with a hard NO as well. Gave it a shot.
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Joined Mar 2016
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webdoctors
09-16-2020 at 10:31 AM.
09-16-2020 at 10:31 AM.
Quote from pdxbread :
"This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months."

Nice bonus for a good card, but that's pretty restrictive!
Dang, so basically anyone with a CSR card can't get this deal, that sucks....
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Joined Jun 2012
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leroy_sunset
09-16-2020 at 10:41 AM.
09-16-2020 at 10:41 AM.
Confirmed, my Chase referral link is still generating a 60k offer.
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