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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:
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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.
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"Sapphire cards: This policy lumps both the Chase Sapphire Preferred Card and the Chase Sapphire Reserve together, so you won't be able to get the bonus on one if you currently have the other. Additionally, the waiting period is doubled, as you can't get the bonus for one if you earned a bonus for the other within the last 48 months."
Reference: https://thepointsguy.co
For clarification: you can't get the bonus for one if you earned a bonus for either card within the last 48 months. The clock starts from when you received the bonus, not from when you terminated the account.
"Sapphire cards: This policy lumps both the Chase Sapphire Preferred Card and the Chase Sapphire Reserve together, so you won't be able to get the bonus on one if you currently have the other. Additionally, the waiting period is doubled, as you can't get the bonus for one if you earned a bonus for the other within the last 48 months."
Reference: https://thepointsguy.co
For clarification: you can't get the bonus for one if you earned a bonus for either card within the last 48 months. The clock starts from when you received the bonus, not from when you terminated the account.
The bonus is attached to the primary cardholder whose name is on the monthly PDF statement -- bonus isn't attached to authorized users on the account so they can still do their own
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Additional information: If neither of you asked for additional cards on your account (i.e., authorized users), then no financial institution will run any checks between the accounts. Not sure about regulatory agencies, but banks treat individual accounts as ... well ... individuals.
If either of you were added as an authorized user to the other's account, then your credit histories get blended. It doesn't matter who purchased the item, if the bill goes unpaid, both of your credit histories get dinged. Similarly, both of your credit histories will improve if the account is kept in good standing. This does not affect your eligibility for the bonus. This does affect whether you are eligible to apply for the card at all. Being an authorized user counts towards Chase's 5/24 policy, because of the blended credit histories. So, if you've applied for 4 credit cards in the past 24 months AND your wife applied for a credit card within the past 24 months with you an authorized user, Chase will disapprove your application.
Anyone here have similar experience? I've called recon in the past, but usually I'm approved on the spot. Not sure why the chase representative couldn't push the application through after we agreed to move credit line from an existing account to the sapphire.
In the chase up, when clicking this credit card, it will show your bonus journey. For example "your new account bonus: XX spent"
It shows exactly how much you have left to spent for bonus. I dont remember having this with my CSR a few years back.
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.
Why do they refund the AF? And why would the AF post before the annual due date?
Chase's response was: "Redeeming your rewards will not be considered as a valid purchase. This will not be included on the $4,000 required spending."
Here's my question for those who might have experience in this area:
Supposedly, 6-8 weeks after meeting the bonus qualifications, Chase will issue me the 80K points. After receiving the bonus, can I immediately use the "Pay Yourself Back" adoption to redeem expenditures made within the past 90 days without penalty? Or would Chase deduct the amount redeemed against the 4K minimum spend requirement and retroactively deem that I was NOT eligible to have received the 80K bonus? (In other words, can Chase take back the bonus?)
Edit: Disregard my question. Upon further research, it seems that the program and categories will remain the same through September 2021. There's no rush for me to redeem points if that is the case.
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https://onemileatatime.
https://upgradedpoints.
However, I'm not sure whether the purchase categories will change between now and then. My understand is that the "Pay Yourself Back" program was based on rotating categories.
Edit: Multiple media sources state that the categories will remain the same until the end of September. However, I have been unable to find any corroborating information published by Chase.