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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The ruling even mentions such a classification is normally NOT the case.
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.
(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.
I really hope I'm wrong but I think double door dash credit & travel credit involves timing of downgrade or cancelation.
Thanks for the info!
Wife has about $200+ on her Chase freedom and that'll be perfect for my CSR pyb offer.
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.
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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I would like to know this too.
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