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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Separately,
1) Do they strictly use 12 months or allow after 11 months so you can product change to a new fee card before you are billed for the annual fee?
2) Which credit card companies force you to stick around with a card for 12 months before allowing a product change? Chase , Citi, BOA, Amex?
Thanks.
AFAIK it's 12 full months for any bank- if you want to product change to a card with a higher annual fee (as is the case going CSP to CSR)
This is based on the CARD act which prohibits an annual fee increase during the first year you have a new credit card.
''(a) LIMITATION ON INCREASES WITHIN FIRST YEAR.—Except
in the case of an increase described in paragraph (1), (2), (3),
or (4) of section 171(b), no increase in any annual percentage
rate, fee, or finance charge on any credit card account under an
open end consumer credit plan shall be effective before the end
of the 1-year period beginning on the date on which the account
is opened.
In theory you can PC sooner to a card with a LOWER (or no) annual fee, so long as the APR on the card you want to downgrade to is not higher (and this will vary widely so you'd need to talk to the specific bank about the specific change you want to make)
2. Yes, new application. They may not ask for income if your credit score is good and they have experience with you.
Separately, in a "product change" everything is transferred, lock, stock, and barrel, including the date you opened the card that is being transferred.
What do you mean by that last point? Does it matter if the original date transfers over - does that mean I can't get the bonus again?
This is based on the CARD act which prohibits an annual fee increase during the first year you have a new credit card.
In theory you can PC sooner to a card with a LOWER (or no) annual fee, so long as the APR on the card you want to downgrade to is not higher (and this will vary widely so you'd need to talk to the specific bank about the specific change you want to make)
Haha okay, sorry. I'm totally new to all of this. So basically I'd have to downgrade to the Freedom and then create a totally new second card to get the bonus?
I had both the Reserve and Preferred.
I was going to cancel the preferred outright but since that was my longest running CC, I had it switched to the old no-fee Sapphire card. This card has been off the list for a while now. I was surprised that it was still there for me to switch to.
I wonder of Chase still count the old Sapphire as a "Sapphire".
My plan was to also cancel the Reserve in the future so I can recycle the Sapphire line again.
I winder if the OLD Sapphire will cause problem.
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I had both the Reserve and Preferred.
I was going to cancel the preferred outright but since that was my longest running CC, I had it switched to the old no-fee Sapphire card. This card has been off the list for a while now. I was surprised that it was still there for me to switch to.
I wonder of Chase still count the old Sapphire as a "Sapphire".
My plan was to also cancel the Reserve in the future so I can recycle the Sapphire line again.
I winder if the OLD Sapphire will cause problem.
https://slickdeals.net/f/14362493-140k-100-40k-points-for-20k-12-month-spend-on-capital-one-venture-credit-card-includes-50k-points-for-3k-spend-in-3-months-95-annual-fee?
https://slickdeals.net/f/14362493-140k-100-40k-points-for-20k-12-month-spend-on-capital-one-venture-credit-card-includes-50k-points-for-3k-spend-in-3-months-95-annual-fee?
Yes, the no-fee Sapphire does count as a "Sapphire" and will cause an auto-denial if you apply for the CSP. You will need to change it again to one of the Freedom series cards and then wait a few days before applying for a new CSP. Have you already cancelled/changed the Reserve as well?
Reserved is up for renewal in Jan. If I can get the $100 off the annual fee of $550, i will still keep it for another year. My Priority Pass expire Sep 2021 so I'd like to renew it before i cancel the Reserved.
Gives me time to figure out what to do with the no-fee Sapphire.
I have $50k limit on the Reserved and $10k on the no-fee Sapphire. Will Chase let me move most of the credit line to another Chase ?? Can't imagine a Freedom card with $55k credit limit
Reserved is up for renewal in Jan. If I can get the $100 off the annual fee of $550, i will still keep it for another year. My Priority Pass expire Sep 2021 so I'd like to renew it before i cancel the Reserved.
Gives me time to figure out what to do with the no-fee Sapphire.
I have $50k limit on the Reserved and $10k on the no-fee Sapphire. Will Chase let me move most of the credit line to another Chase ?? Can't imagine a Freedom card with $55k credit limit
I am not sure what you mean by "My Priority Pass expire Sep 2021 so I'd like to renew it before i cancel the Reserved"? Regardless of what the physical PP card says, the membership tracks the Reserve card. 'Renewing" the membership has no real significance since the membership will automatically be cancelled once you close or downgrade the Reserve.
Is this written somewhere?
I contacted them and they won't match it even though I've only had my card for less than 2 months and I cleared the $4k spending requirement in just over 1 month from sign up.
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I contacted them and they won't match it even though I've only had my card for less than 2 months and I cleared the $4k spending requirement in just over 1 month from sign up.