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Chase Sapphire Preferred® Card Expired
Spend $4K on Purchases
Earn 80,000 Points
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:
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
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:
Slickdeals may be compensated by Chase.
Card Details:
Slickdeals may be compensated by Chase.
Created 09-14-2020
at 02:56 PM
by Cappy123
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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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And what does this mean for the Chase Preferred? Other than the sign on bonus, it would be inferior to the new Flex card unless Chase believes its 25% bonus value makes it better than the Flex overall.
https://slickdeals.net/f/14388818-heads-up-chase-sapphire-reserve-credit-card-to-announce-enhanced-benefits-on-october-5-2020?p=14091469
And what does this mean for the Chase Preferred? Other than the sign on bonus, it would be inferior to the new Flex card unless Chase believes its 25% bonus value makes it better than the Flex overall.
https://slickdeals.net/f/14388818-heads-up-chase-sapphire-reserve-credit-card-to-announce-enhanced-benefits-on-october-5-2020?p=14091469
Flex doesn't allow point transfers.
Which is where the value of the points really goes up a lot. If that wasn't possible I'd likely not hold most of the chase cards I hold now.
Only paid annual fee chase cards allow point transfers.
(and generally for those who travel the CSR beats the CSP.... other than having a better signup bonus there's really no reason at all to own a CSP)
Which is where the value of the points really goes up a lot. If that wasn't possible I'd likely not hold most of the chase cards I hold now.
Only paid annual fee chase cards allow point transfers.
(and generally for those who travel the CSR beats the CSP.... other than having a better signup bonus there's really no reason at all to own a CSP)
I guess I'm not sure what they're "getting away" with.
Outside its signup bonus the CSP hasn't had a reason to own it since 2016 anyway.
And the CSR continues to be worth owning (for those who travel).
If you're someone in the chase system who travels- you're likely going to want a CSR and find it worth keeping even as-is.
If you're not- you weren't going to go get one because they added a new bonus category or something anyway.
Folks lamenting the Flex has added categories the Sapphire cards had are missing the point.
That gets NON travelers who would never KEEP a sapphire card long term to use the Flex more often instead of using a non-chase card in those categories.
That's a win for chase.
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True, I did not think from this point of view. Thanks
Outside its signup bonus the CSP hasn't had a reason to own it since 2016 anyway.
And the CSR continues to be worth owning (for those who travel).
If you're someone in the chase system who travels- you're likely going to want a CSR and find it worth keeping even as-is.
If you're not- you weren't going to go get one because they added a new bonus category or something anyway.
Folks lamenting the Flex has added categories the Sapphire cards had are missing the point.
That gets NON travelers who would never KEEP a sapphire card long term to use the Flex more often instead of using a non-chase card in those categories.
That's a win for chase.
For people who are really good at redeeming UR points (ie- who transfer to partners rather than simply use the portal), there is very little reason to use these cards. The category bonuses are exceeded on free cards, the redemption bump through the portal is not the most efficient way to redeem points, and the secondary and tertiary perks are not necessarily worth the $95 or $250 net fee respectively, especially after the Lyft and Door Dash rewards expire.
I can't imagine that Chase doesn't have more perks intended for these cards if they expect them to survive long term.
For people who are really good at redeeming UR points (ie- who transfer to partners rather than simply use the portal), there is very little reason to use these cards. The category bonuses are exceeded on free cards, the redemption bump through the portal is not the most efficient way to redeem points, and the secondary and tertiary perks are not necessarily worth the $95 or $250 net fee respectively, especially after the Lyft and Door Dash rewards expire.
I can't imagine that Chase doesn't have more perks intended for these cards if they expect them to survive long term.
The fact ANOTHER chase card offers higher cash back makes no difference at all to that math
There were already plenty of cards that offered more.
The only difference the category adds on the flex make to ANYTHING is that non travelers now have a reason to put restaurant spend on a CHASE card instead of some OTHER banks card.
The flex still doesn't let you transfer points to travel partners, and the CSP/CSR still do.
THAT is the major value difference (well, somewhat the value bump in the portal too, but YMMV there).
Moreover, you can get that bump on the 5x points your freedom earned which makes holding BOTH way more valuable than just owning the freedom.
Plus- again- transfers to partner.
(Plus the various other travel perks the CSR has, that not even the CSP does, that add value)
Why would Chase care which chase card you use at a restaurant?
They get the same swipe fee either way.
But you lose the transfer option entirely if you don't hold a CSP or CSR- so you'll continue to hold it going forward if that's how you get value out of UR.
The fact your "free" card also does 3x at restaurants now like your CSR is 100 percent meaningless to everyone involved in that situation.
Certainly it's MORE efficient than someone who ONLY has a free chase card and can't get more than 1 cent per point no matter what they do though....so again not sure where you're going with that.
For one because the DD and lyft rewards EXIST now- so you need to count their value.
Likewise the $50 CSR instacart credit.
And the $100 GE credit (which is $20/yr if you wanna amortize it over its use)
And the free car rental primary insurance (which is like $20 per rental with other cards if you can get it at all)
And the free roadside assistance if you've got an older car and would otherwise pay for this service elsewhere.
And...again...the ability to transfer points which the free cards don't allow at all.
As long as you can't transfer points with the free cards they are zero threat to the CSR customers.
CSP sucks of course- but then it's sucked for years now and Chase doesn't appear to care other than offering a better signup bonus on it.
Earn 80,000 bonus points with Chase Sapphire Preferred.
https://www.referyourch
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Which is where the value of the points really goes up a lot. If that wasn't possible I'd likely not hold most of the chase cards I hold now.
Only paid annual fee chase cards allow point transfers.
(and generally for those who travel the CSR beats the CSP.... other than having a better signup bonus there's really no reason at all to own a CSP)
a) Can you downgrade from CSP to Flex after just 3 months and get a pro rated annual fee refund? Or, does Chase not allow downgrades for 12 months?
b) Can you combine husband and wife Ultimate Rewards points?