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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
If you take advantage of an offer on our site, Slickdeals may receive a commission.
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
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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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I have referred plenty of people (AMEX, Chase) and received my bonuses without receiving a 1099. Suppose you could make the argument that it needs to meet a certain amount (ie you need to have $10 or more in savings account interest for it to be reportable to the IRS), but I'm pretty sure if they are that stingy on the savings account interest threshold, then they certainly would go after $50 or $100 referral bonuses. Thus, I call foul.
I'm looking at my options.
1. Sign up for CSP and pay myself back for $3296 ((183,685+80,000)*.0125)
2. Sign up for CSR and pay myself back for $3655 ((183,685+60,000)*.0150)
3. Keep waiting and use them for a big trip later on
Thoughts?
Edit: I received the 100k points the last time for the CSR in Jan of 2017, so I think I can get these points again.
How about signing up for CSP for higher bonus and then upgrading to CSR for higher redemption rate? Also, are you sure you qualify for CSR bonus if you got it already?
You can't upgrade a CSP to a CSR within a year so that negates the use of Pay Yourself Back.
1. Sign up for CSP and pay myself back for $3296 ((183,685+80,000)*.0125)
2. Sign up for CSR and pay myself back for $3655 ((183,685+60,000)*.0150)
3. Keep waiting and use them for a big trip later on
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Yes always
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