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Chase Sapphire Preferred® Card: Earn 80K Bonus Points w/ $4,000 Spent on Purchases
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:
Slickdeals may be compensated by Chase.
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.
Slickdeals may be compensated by Chase.
Created 03-14-2021
at 09:45 AM
by helper02
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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.
1,407 Comments
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Any chance the one you got the 1099 for was a referral bonus and not a spend bonus?
Generally credit card signup bonuses requiring spend are not considered taxable/income, but rebates.
Generally bank account signup bonuses ARE considered income/taxable and 1099s get issued.
Referral bonuses tend to be somewhere in between and kind of hit and miss
They killed the ability to do that a while back now.
You can no longer get more than 1 sapphire bonus every 48 months, and will be rejected for opening a new sapphire if you currently hold one.
You can no longer get more than 1 sapphire bonus every 48 months, and will be rejected for opening a new sapphire if you currently hold one.
Oh wow. Had no idea! The good old days are over i guess. I might close my csr and open csp and then upgrade to csr then, if they allow that. But if they do allow that would I get the $300 travel credit on the csr?
Generally credit card signup bonuses requiring spend are not considered taxable/income, but rebates.
Generally bank account signup bonuses ARE considered income/taxable and 1099s get issued.
Referral bonuses tend to be somewhere in between and kind of hit and miss
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AFAIK you can't upgrade the CSP to the CSR until you've had the new CSP for 1 year.
(it is chases reading of the CARD act that it's not legal for them to switch you to anything that raises the annual fee in the first 12 months).
If you upgrade after that you'd get the $300 credit in your 2nd membership year... but you'd have to be without a CSR (and all the other benefits of it) for that year.
This is a little easier if you have a Player 2, since one of you can continue to hold your CSR during the 1 year wait the other is going through on holding the CSP.