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

+237 Deal Score
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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
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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 Jan 2008
L5: Journeyman
> bubble2 636 Posts
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Diz
03-19-2021 at 06:44 AM.
03-19-2021 at 06:44 AM.
Quote from Knightshade :
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.
Exactly this. The previous poster is oblivious to what his 1099-INT from Chase was even for. It's obvious and he's spreading false info.
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Joined Sep 2008
L10: Grand Master
> bubble2 7,258 Posts
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DogAndPony
03-19-2021 at 06:46 AM.
03-19-2021 at 06:46 AM.
Thanks to everyone that answered my questions.

I think my plan now is to close my CSR before 3/25 when the refund period ends for my annual fee and open a CSP under my name and have my wife open a CSR and add me as an authorized user so I can gain lounge access. My wife does not really ever travel without me, but I will start traveling for work again likely by the end of the year so I appreciate the lounge access. For $75 for the authorized user it's probably worth it for me.
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Joined Dec 2013
L1: Learner
> bubble2 8 Posts
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barbedwiredave
03-19-2021 at 06:52 AM.
03-19-2021 at 06:52 AM.
Quote from Knightshade :
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.
Tell me the magic of getting the $300 credit twice please Smilie
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Joined Jul 2019
Lil Jimmy,Bng 9er Gng
> bubble2 3,699 Posts
94c107ea-869c-45a5-becd-c6b552
03-19-2021 at 07:13 AM.
03-19-2021 at 07:13 AM.
Quote from barbedwiredave :
Tell me the magic of getting the $300 credit twice please Smilie

I really hope I'm wrong but I think double door dash credit & travel credit involves timing of downgrade or cancelation.
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Joined Oct 2013
BigDaddy
> bubble2 4,074 Posts
758 Reputation
gh0stleader
03-19-2021 at 07:18 AM.
03-19-2021 at 07:18 AM.
Quote from ffly45 :
chase ultimate rewards points can be transferred between household members

Thanks for the info!

Wife has about $200+ on her Chase freedom and that'll be perfect for my CSR pyb offer.
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Joined Sep 2009
L10: Grand Master
> bubble2 15,100 Posts
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Knightshade
03-19-2021 at 07:32 AM.
03-19-2021 at 07:32 AM.
Quote from IndiaPaleAle :
I really hope I'm wrong but I think double door dash credit & travel credit involves timing of downgrade or cancelation.
Quote from barbedwiredave :
Tell me the magic of getting the $300 credit twice please Smilie



yeah it's timing.

Different credits reset at different times.

Door dash reset was annual. $300 credit WAS annual for old card holders, but not new ones.

(the double dip on $300 was easier for legacy card holders, since that credit reset with your December statement regardless of when you signed up but still quite doable today).



So for example if you opened your card June 1 2020, you'd be able to use the first $60 DD credit anytime in 2020, then as soon as 2021 rolls round, use the second--- two uses for one AF.

The $300 credit on NEW card holders though resets with membership year.

So you use $300 first membership year.

Then your AF posts and the credit resets.

IMMEDIATELY use the second $300 credit.

Then before the due date on your AF, downgrade the card to a free one.

AF is refunded in full but you used the $300 credit twice.
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Joined Jul 2019
Lil Jimmy,Bng 9er Gng
> bubble2 3,699 Posts
94c107ea-869c-45a5-becd-c6b552
03-19-2021 at 07:36 AM.
03-19-2021 at 07:36 AM.
Quote from Knightshade :
yeah it's timing.

Different credits reset at different times.

Door dash reset was annual. $300 credit WAS annual for old card holders, but not new ones.

(the double dip on $300 was easier for legacy card holders, since that credit reset with your December statement regardless of when you signed up but still quite doable today).



So for example if you opened your card June 1 2020, you'd be able to use the first $60 DD credit anytime in 2020, then as soon as 2021 rolls round, use the second--- two uses for one AF.

The $300 credit on NEW card holders though resets with membership year.

So you use $300 first membership year.

Then your AF posts and the credit resets.

IMMEDIATELY use the second $300 credit.

Then before the due date on your AF, downgrade the card to a free one.

AF is refunded in full but you used the $300 credit twice.

I wouldn't be surprised to learn there's a correlation between legacy accts & $250 retention offer, for this reason alone.
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Joined Apr 2017
L2: Beginner
> bubble2 27 Posts
10 Reputation
v12team
03-19-2021 at 12:54 PM.
03-19-2021 at 12:54 PM.
Quote from k1ngkev1n1 :
Is it true annual fee is waived if you sign up in branch?

I would like to know this too.
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Joined Feb 2014
L3: Novice
> bubble2 231 Posts
51 Reputation
babydra89gon
03-19-2021 at 01:11 PM.
03-19-2021 at 01:11 PM.
Awesome. I'll hit my 48 months in few months. Gonna cancel my card and reapply again 🤘
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Joined Jul 2010
L5: Journeyman
> bubble2 898 Posts
213 Reputation
DarthEnol
03-20-2021 at 06:27 AM.
03-20-2021 at 06:27 AM.
Yes, annual fee is waved for in branch sign up. Did this on Wednesday.
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Joined Oct 2010
L8: Grand Teacher
> bubble2 3,685 Posts
514 Reputation
k1ngkev1n1
03-20-2021 at 08:12 AM.
03-20-2021 at 08:12 AM.
So just want to be clear best deal is to go in branch sign up? Get no annual fee first year plus the grocery credit and 80k pts? And if you do it online you get the 80k plus grocery credit only?
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Joined May 2005
L9: Master
> bubble2 5,242 Posts
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Pro
Thinker
03-20-2021 at 08:19 AM.
03-20-2021 at 08:19 AM.
Quote from DarthEnol :
Yes, annual fee is waved for in branch sign up. Did this on Wednesday.
CSP or CSR?
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Joined Oct 2010
L2: Beginner
> bubble2 86 Posts
30 Reputation
dcvo
03-20-2021 at 08:35 AM.
03-20-2021 at 08:35 AM.
It's been over 48 months since I received my CSR sign up bonus. Does anyone know if I can sign up for a new CSP right away after downgrading my CSR or will I need to wait a certain amount of time to ensure that I will be eligible to receive the 80k? TIA.
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Joined Jun 2015
L3: Novice
> bubble2 172 Posts
49 Reputation
Modstang
03-20-2021 at 09:47 AM.
03-20-2021 at 09:47 AM.
Does anyone know if I received my last 100k CSR point bonus on the statement that ended on 5/4/2017, do I need to wait until after that date to apply for a new card to get the bonus again?
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Joined Jul 2010
L5: Journeyman
> bubble2 898 Posts
213 Reputation
DarthEnol
03-20-2021 at 10:03 AM.
03-20-2021 at 10:03 AM.
Quote from Thinker :
CSP or CSR?
It was CSP.
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