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Chase Sapphire Preferred® Card: Earn 80K Bonus Points w/ $4,000 Spent on Purchases

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Chase is offering 80,000 Bonus Points ($1,000 towards travel) w/ $4,000 Spent in the First 3 Months of Account Opening for their Chase Sapphire Preferred® Card with $95 Annual Fee.

Card Details:
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself BackSM, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.


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Created 03-14-2021 at 09:45 AM by helper02
in Credit Cards (4) See More Chase Offers
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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.

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Joined Sep 2006
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configsys
03-14-2021 at 04:15 PM.
03-14-2021 at 04:15 PM.
Applied and received our Chase Sapphire card a few months. Have now acquired 85,000 points. My biggest surprise was that my points are worth over $700 and readily redeemable as cash on Amazon purchases.
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timmat1
03-14-2021 at 09:08 PM.
03-14-2021 at 09:08 PM.
Is there any point keeping it after the points hit?
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RelaxedRailway228
03-14-2021 at 09:12 PM.
03-14-2021 at 09:12 PM.
Quote from AJDemineh :
Is there a way to get your chase sapphire preferred card number immediately? Have a $5K purchase on the 23rd
Therr is an option of rush delivery, just call chase , they will send in 2 day delivery/overnite delivery. Your card application has to be approved
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Joined May 2005
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Thinker
03-14-2021 at 09:16 PM.
03-14-2021 at 09:16 PM.
Quote from reader :
I opened Sapphire Reserve in 2019. Have lot of points on it so instead of canceling, I downgraded it in 2020 to no-fee version.

Do I have to cancel it to sign up for new offer? How long do I have to wait?
What's the best option for points on it. I think there is something special about these points. That's why I did not cancel the card in 2020.
You can reapply if cancelled before Nov. 2020. Hope you used those points to "Pay yourself back" before downgrading.
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HIDDENAogen03-14-2021 at 09:18 PM.
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A-Man09
03-14-2021 at 09:26 PM.
03-14-2021 at 09:26 PM.
I switched my Chase sapphire card to Chase freedom card last year.
Will I be eligible for this offer?
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HIDDENmrand03-15-2021 at 04:50 AM.

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sgb
03-15-2021 at 05:26 AM.
03-15-2021 at 05:26 AM.
My wife got the 80K offer in mail for the Sapphire card, so yes, they are rolling out these offers
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Joined Aug 2009
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dcguy703
03-15-2021 at 06:17 AM.
03-15-2021 at 06:17 AM.
does anyone know when this will expire?
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DealsDealsDeals05
03-15-2021 at 06:37 AM.
03-15-2021 at 06:37 AM.
Quote from configsys :
Applied and received our Chase Sapphire card a few months. Have now acquired 85,000 points. My biggest surprise was that my points are worth over $700 and readily redeemable as cash on Amazon purchases.
Redeeming your points on Amazon is not wise.

Much smarter to cash them out and then use a credit card for your Amazon purchases so you earn more cash back/points.
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DealsDealsDeals05
03-15-2021 at 06:42 AM.
03-15-2021 at 06:42 AM.
Quote from Aogen :
Holy shit, 80k + 50% redemption value = $1500 cash value
The Sapphire Preferred is only a 25% bonus when redeemed for travel. So $1000 only when redeemed for travel using the Chase portal.

The Sapphire Reserve is the one that has a 50% bonus. But that bonus is only worth $600 x 1.5 = $900. And again, that's only if redeemed for travel or using Pay Yourself Back, which is scheduled to stop at the end of April.
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shhaggy
03-15-2021 at 06:44 AM.
03-15-2021 at 06:44 AM.
Quote from AJDemineh :
Is there a way to get your chase sapphire preferred card number immediately? Have a $5K purchase on the 23rd
Call them and ask them to expedite it. They've been known to send it 2-day or even overnight it if you really need the card (especially for making a large purchase!).
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shhaggy
03-15-2021 at 06:45 AM.
03-15-2021 at 06:45 AM.
Quote from A-Man09 :
I switched my Chase sapphire card to Chase freedom card last year.
Will I be eligible for this offer?
It really depends more on when you GOT the Sapphire than when you give it up. I think 5 years? Maybe it's 4.
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shhaggy
03-15-2021 at 06:50 AM.

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03-15-2021 at 06:50 AM.
Quote from mrand :
If you end up receiving a 1099 tax form, you'd presumably need to deduct taxes that from the total:

https://www.doctorofcredit.com/wh...t-bonuses/
I am by no means offering accounting, tax, legal or financial advice, but my understanding is that any credit card points that required spending to earn is NOT considered taxable income. It's considered a discount/rebate. So if your account opening bonus had a minimum spend requirement, you're ok (this does NOT, however, apply to bank accounts with a minimum balance requirement, that's clearly taxable interest income). Also all of your rewards for spending as you use the card shouldn't count either.

Long story short, these CC offers will not trigger any kind of 1099 from Chase and are extremely unlikely to be considered taxable income.

Check with your financial advisor of course.
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Last edited by shhaggy March 15, 2021 at 06:58 AM.

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digimon
03-15-2021 at 07:25 AM.
03-15-2021 at 07:25 AM.
Desperate times call for desperate measures. Chase took a card that rivaled the Amex Platinum and destroyed it in a matter of 12 months. With cards such as the Flex Freedom and the Flex Unlimted, there is no need for the Sapphire Reserve unless you use their travel portal for the additional 50% points. I went back to Amex after 2 years with the CSR card. I actually have both the Amex Platinum (for the 5 points for travel and hotels) and the Amex Gold (for the 4 points on Dining and Supermarkets) at a cost of $800 per year. This seems like a lot, but Amex has so many more bonus point opportunities than Chase. And if you use R@kuten, you can link those points to membership rewards. I have accumulated 220K points in a matter of 5 months. A big portion of the points came from bonus categories that Chase doesn't really offer. In full disclosure, I also received 100k in sign up points. So really I have accumulated 120K in points in 5 months which is still pretty good.
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