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Chase Sapphire Preferred® Card Expired

Spend $4K on Purchases
Earn 80,000 Points
+156 Deal Score
377,491 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
377,491 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 Mar 2011
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> bubble2 11,063 Posts
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gibsonbass
10-05-2020 at 03:29 PM.
10-05-2020 at 03:29 PM.
Quote from JoyTan :
Thanks.

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?
Not sure about A buy yes to B.
Reply
Joined Mar 2011
L10: Grand Master
> bubble2 11,063 Posts
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gibsonbass
10-05-2020 at 03:31 PM.
10-05-2020 at 03:31 PM.
Quote from Knightshade :
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)
Chase do allow point transfer from non annual fee card too. I transfered reward points from Chase freedom to csp.
Reply
Joined Dec 2007
L10: Grand Master
> bubble2 10,951 Posts
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CosmologicalConstant
10-05-2020 at 03:36 PM.
10-05-2020 at 03:36 PM.
Quote from WEVUDO :
I got denied even though my score was over 800 and making a good income. I defaulted on a card in 2007 while in college and I am using about 7% of credit due to a balance intro c.c. offer with 0% loan for 18 months that I could pay off, and those were the reasons for the denial. Anyone have any luck with reconsideration line?
Good chance with reconsideration provide you admit your mistake and be honest. Say you were in college (at the time of default) and didn't have a good idea about finance but now you are in full control of things and have rebuilt your credit over time which is why your score is 800.

By the way, how did Chase know you defaulted given that it was over 7 years ago. Shouldn't that have been wiped clean from your credit report? Unless, you defaulted on a Chase loan/credit card and its in their system.

If I were you, with an 800 score, I could easily convince the folk at reconsideration. Be confident, act like you couldn't care a FCUK about whether you got it or not. Don't beg and don't plead. Just make your case.

Do note that the minimum credit line on the CSP is $5K. How much do you have now and how many credit cards do you have? if others have lent to you, perhaps it will give Chase more confidence. Do get your free credit report online and be fully familiar with it (e.g., Credit Karma). Put yourself in the credit officers shoes. What questions would you likely have for someone with a credit report of yours, and then prepare answers for that.

Good luck and keep us posted!

Tips for Reconsideration:
https://www.doctorofcredit.com/ti...one-calls/

Reconsideration Number
https://www.doctorofcredit.com/cr...e-numbers/
Reply
Last edited by JoyTan October 5, 2020 at 03:38 PM.
Joined Dec 2007
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CosmologicalConstant
10-05-2020 at 03:37 PM.
10-05-2020 at 03:37 PM.
Quote from gibsonbass :
Not sure about A buy yes to B.
Thanks.
Reply
Joined May 2005
L9: Master
> bubble2 5,397 Posts
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Thinker
10-05-2020 at 03:48 PM.
10-05-2020 at 03:48 PM.
Quote from cdr123 :
True, I did not think from this point of view. Thanks
So I can close my CSR on Nov2nd
After two weeks if this is still up, apply for this. Get the points.
Month later do the product change back to CSR? Pay the fee?

OR keep the CSR, get $300 CR (Not sure when $300 will open up) for next year. If you cancel CSR do they take the $300 and pro rate the annual fee? Not sure how these work.

Can I keep my points earned on this card?
Reply
Joined Feb 2011
L7: Teacher
> bubble2 2,223 Posts
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bru_that
10-05-2020 at 03:54 PM.
10-05-2020 at 03:54 PM.
Quote from Thinker :
So I can close my CSR on Nov2nd
After two weeks if this is still up, apply for this. Get the points.
Month later do the product change back to CSR? Pay the fee?

OR keep the CSR, get $300 CR (Not sure when $300 will open up) for next year. If you cancel CSR do they take the $300 and pro rate the annual fee? Not sure how these work.

Can I keep my points earned on this card?
1. If you are cutting it that close, it is smarter to downgrade the CSR to a Freedom-series card rather than cancel outright. It takes ~ 30 days for a cancelled card to completely clear from Chase's systems, but only ~ 4 days for a downgrade/upgrade. You can't upgrade the new CSP to a CSR until you have held the new card for 1 year.


2. The timing of the $300 credit depends on when you opened the CSR - early cardholders have their credit refreshed by calendar year - after your December statement is generated. People who got their cards later have their credit refresh at their card anniversary. Chase does not have a history of clawing back the $300 credit for people who cancel or downgrade their cards. Downgrades = pro-rated annual fee refund, Cancellations = no annual fee refund unless you cancel within 30 days of having gotten the card statement with the fee on it.

3. If you downgrade the card, yes, the points will remain on your card/account. If you cancel, no, but if you have another Chase UR-earning card, you can transfer the points to that card. Unfortunately, Chase doesn't pool all of the UR points earned by multiple cards like Amex does with MR points.
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Joined Jan 2017
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curly99sue
10-05-2020 at 05:31 PM.
10-05-2020 at 05:31 PM.
For the 5/24 rule. Does that only apply to trans union or equifax as well.
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Joined Oct 2004
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Ron21
10-05-2020 at 05:43 PM.
10-05-2020 at 05:43 PM.
Quote from Knightshade :
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)
I just transferred my points from Flex to CSR, so that is not true.
Reply
Joined Dec 2007
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CosmologicalConstant
10-05-2020 at 06:03 PM.
10-05-2020 at 06:03 PM.
No answer as yet.....
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?
Reply
Joined Sep 2007
L6: Expert
> bubble2 1,799 Posts
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ericfw
10-05-2020 at 06:36 PM.
10-05-2020 at 06:36 PM.
When did that happen?
Reply
Joined Dec 2011
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> bubble2 62 Posts
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fixxxer0
10-05-2020 at 06:46 PM.
10-05-2020 at 06:46 PM.
Quote from JoyTan :
Yes....even the points guy has an article on this today.
Thanks! good to know.

of course im sure she will get rejected since she cant handle even a $500 gap store card haha.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,328 Posts
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Knightshade
10-05-2020 at 07:13 PM.
10-05-2020 at 07:13 PM.
Quote from gibsonbass :
Chase do allow point transfer from non annual fee card too. I transfered reward points from Chase freedom to csp.

You're not understanding what is being discussed.

We are talking about transferring your poiints from chase to an airline or hotel program- which is how you get much higher value out of the points.



Quote from Ron21 :
I just transferred my points from Flex to CSR, so that is not true.

Nope- see above- that's not what's being discussed.


You can't transfer to travel partners unless you have a paid chase card.

That's why the flex adding categories doesn't eliminate the need to hold a CSP or CSR (or the business equivalent) if you are wanting to maximize value of points for travel.
Reply
Joined Sep 2009
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> bubble2 15,328 Posts
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Knightshade
10-05-2020 at 07:15 PM.
10-05-2020 at 07:15 PM.
Quote from JoyTan :
No answer as yet.....
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?

Chase generally requires you to hold a card for 12 months before they will downgrade you (though I've not personally tried it recently)
Reply
Joined Jun 2012
L6: Expert
> bubble2 1,851 Posts
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leroy_sunset
10-05-2020 at 07:45 PM.
10-05-2020 at 07:45 PM.
Quote from Knightshade :
You're not understanding what is being discussed.

We are talking about transferring your poiints from chase to an airline or hotel program- which is how you get much higher value out of the points.






Nope- see above- that's not what's being discussed.


You can't transfer to travel partners unless you have a paid chase card.

That's why the flex adding categories doesn't eliminate the need to hold a CSP or CSR (or the business equivalent) if you are wanting to maximize value of points for travel.
What airline points redemption gets you a better deal than the Chase portal? I chase (pun intended) cheap flights through Scott's so I have no loyalty and only care about the cheapest flights, which usually require a quick purchase.

Also, award flights tend to be hard to grab, plus taxes make them kinda useless. So your $1000 flight that costs 60k points ends up costing you $380 in taxes. In the end, it seems like the 25% redemption bonus through the Chase portal gives a person nearly the best deal, with the most flexibility.

Am I wrong?
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Joined Dec 2007
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CosmologicalConstant
10-05-2020 at 07:49 PM.
10-05-2020 at 07:49 PM.
Quote from fixxxer0 :
Thanks! good to know.

of course im sure she will get rejected since she cant handle even a $500 gap store card haha.
Guess she looks pretty which is why you are with her, ha ha
Reply
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