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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(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.
That's a good idea. I can just have my wife get the csr. Too bad she couldn't transfer her points to me though
Also, if I downgrade my sapphire card, is there a wait time before I can apply for this new sapphire?
CSR: 100K points for $595 annual fee
CSP: 80K points + $50 cash back: $95 annual fee (waived) if applied at branch.
It doesn't take rocket science to figure this one out.
Omg I'm learning so much in this thread and I thought I was an experienced churner
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Tax court ruling said credit card rewards are taxable income if they were earned buying cash equivalents. In this situation, the rewards do not fall under the rebate rule.
She can though!
Household members can transfer between themselves.
https://thepointsguy.co
That ruling was not broadly binding, and really only applied because they had bought MASSIVE amounts of cash equivalents.
The ruling even mentions such a classification is normally NOT the case.
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CSR: 100K points for $595 annual fee
CSP: 80K points + $50 cash back: $95 annual fee (waived) if applied at branch.
It doesn't take rocket science to figure this one out.
It doesn't, but it takes more than you appear to have since you math left out:
(disclaimer- there IS NO 100k offer on CSR of course- and it's unlikely there will be- because it's an INSANELY better offer than the 80 CSP one as we'll see below- it was only ever available at card intro and has never come back and is unlikely to do so- but if there was-)
$300 travel credit (usable for groceries and stuff right now) on CSR
$60 (twice) Doordash credit usable for food on CSR.
$100 GE/TSA credit on CSR
That's $520 in benefits.
(There's even more benefits than that, but most are travel related so let's pretend those aren't worth anything right now)
So $75 net higher cost for 20,000 UR points.
20k UR at worth at least $200.... $300 using PYB on a CSR in fact (again more potentially for travel)
Meaning the CSR would have you $225 ahead of the CSP in your example.
Also, if you do it right, you can use that $300 credit twice for one annual fee... so now you're $525 ahead of the CSP.
(and if travel does open up later this year/early next, the value via the CSR is potentially even higher for lounge access, higher value on points in the travel portal, etc).
It doesn't take rocket science, just understanding the full benefits of the cards.