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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 Sep 2009
L10: Grand Master
> bubble2 15,327 Posts
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Knightshade
04-26-2021 at 06:38 PM.
04-26-2021 at 06:38 PM.
Quote from GBv44 :
Are there any risks in taking an action before one year anniversary?

Chase won't allow product changes until you've had the card for 1 year-- their reading of the CARD act is they can't permit any change that changes the annual fee of a card until after 12 months has passed.
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Joined Feb 2012
L3: Novice
> bubble2 126 Posts
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GBv44
04-26-2021 at 07:11 PM.
04-26-2021 at 07:11 PM.
Quote from Knightshade :
Chase won't allow product changes until you've had the card for 1 year-- their reading of the CARD act is they can't permit any change that changes the annual fee of a card until after 12 months has passed.
How about cancellation? Is it not a good practice to cancel within the first 12 months?
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Joined Dec 2007
L5: Journeyman
> bubble2 515 Posts
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Gurney
04-26-2021 at 07:14 PM.
04-26-2021 at 07:14 PM.
I've got premier and lots of points. Wife does not. Can she get this and then merge her account with mine too get the better redemption rate on her point through my card?
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Joined Jul 2006
L6: Expert
> bubble2 1,029 Posts
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wearetheborg
04-26-2021 at 08:33 PM.
04-26-2021 at 08:33 PM.
Quote from vegaz :
Anyone else with a new account showing that they only have 4 days to pay themselves back on eligible purchases? Its was extended past 04/30/21 but my online account is not reflecting that. I made purchases specifically to redeem when i get my 80K bonus.
I have an old account and I am showing only 4 days to pay myself back. I did not get any notice it was extended? Confused
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Joined Feb 2014
slick dealer
> bubble2 494 Posts
332 Reputation
moonuni8
04-26-2021 at 08:48 PM.
04-26-2021 at 08:48 PM.
$50 in statement credits towards grocery store purchases is also available for those signing up via referral code?
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Joined Jun 2019
L2: Beginner
> bubble2 2,120 Posts
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Fanime
04-26-2021 at 08:51 PM.
04-26-2021 at 08:51 PM.
Quote from Gurney :
I've got premier and lots of points. Wife does not. Can she get this and then merge her account with mine too get the better redemption rate on her point through my card?
You can transfer points as long as you two live in the same household.
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Joined Apr 2014
L4: Apprentice
> bubble2 419 Posts
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rohitjack13
04-26-2021 at 09:12 PM.
04-26-2021 at 09:12 PM.
Last time I signed up from here, people gave me 50 back making the annual fee 45. PM me if you want to do the same.
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Joined Jun 2008
And I Love Asian Girls :)
> bubble2 10,628 Posts
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tennisplayer888
04-26-2021 at 09:16 PM.
04-26-2021 at 09:16 PM.
Is there an expiration date on this offer?
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Joined Feb 2012
L2: Beginner
> bubble2 48 Posts
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sriniraok
04-26-2021 at 11:53 PM.
04-26-2021 at 11:53 PM.
Friends, if anyone is interested in applying for, please PM me, would love to give my referral link. I can refer upto 5 people and get referral bonus.

Got my card a month ago and, working towards my $4k purchase requirement :-)
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Joined Mar 2018
L3: Novice
> bubble2 143 Posts
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UniqueCreature8633
04-27-2021 at 02:39 AM.
04-27-2021 at 02:39 AM.
Does anyone know if buying Visa gift cards counts toward the $4K? Not sure if I can spend $4K in 3 months
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Joined Dec 2007
L10: Grand Master
> bubble2 10,951 Posts
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CosmologicalConstant
04-27-2021 at 07:09 AM.
04-27-2021 at 07:09 AM.
Quote from Knightshade :
Absolute nonsense.

It's exceedingly rare I get less than 2 cents a point for my chase UR points via transfers to airlines (or even Hyatt).

On premium airfares I often get 4-6 cents a point.
You absurd conversion assumes that the absurd airfare pricing of first class and business class airline tickets hold. As an analogy, sure, you get that conversion if you value a Louie Vuitton purse for $5,000 (intrinsic value only $200).

There is a reason that Macy's has a sale 359 (legal max) of 365 days of a year. MSRP or MRP is bull, a made up value! And, linking points to such absurd valuations is also BS. Only helps address your psychological needs for assuming you are getting a great deal. A shrink can do that to.
1
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Last edited by RussianBytes April 27, 2021 at 07:14 AM.
Joined Nov 2011
L7: Teacher
> bubble2 2,733 Posts
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DealsByLees
04-27-2021 at 07:23 AM.
04-27-2021 at 07:23 AM.
Just checked and got my 100K CSR bonus back in November of 2016 so looks like I am going to jump on this deal again. Thank you OP.
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Joined Nov 2011
L7: Teacher
> bubble2 2,733 Posts
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DealsByLees
04-27-2021 at 07:34 AM.
04-27-2021 at 07:34 AM.
Quote from mudkiller :
The person at the branch I went to last Friday also didn't know anything about waiving the annual fee (first year) but when we brought up the current Sapphire Preferred offer on their computer, the page showed that the first annual fee is waived (if applying at a branch). So if the branch person doesn't know, just have them bring up the current Sapphire Preferred offer page.
Thank you for this. Going to go with my wife and hope this works. Saves $190 for both of us so worth the extra headache of going to the branch. Crazy using their customer service saves the money.

Quote from UniqueCreature8633 :
Does anyone know if buying Visa gift cards counts toward the $4K? Not sure if I can spend $4K in 3 months
I am 99% certain that will work since you are spending the money. I personally am just going to swipe the card on paypal here and get hit with the 2.7% fee. I get 2.5% on all purchases with my USAA credit card so worth the 0.2% hit to not have the money sitting on visa cards. (could do something similar with venmo, cashapp, or anything along those lines)
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Joined Nov 2005
L10: Grand Master
> bubble2 39,097 Posts
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Dr. J
04-27-2021 at 07:50 AM.
04-27-2021 at 07:50 AM.
Quote from RussianBytes :
His site is BS points value. He inflates the value so people apply the card through his links and he can make good referral commissions.

The max value of Chase Ultimate Rewards is 1.25 cents per points, period.

It depends and even then it depends. Most CC's have highest redemption for travel (I've found). If you don't travel, then the points are typically worth substantially less. If you DO travel, redemption varies widely, often times with max redemptions for things like long-haul business/first class or upgrade. If that's not your bag, then that valuation doesn't matter. Even for hotel points, value varies substantially, as in by multiples. So, it's very difficult to come up with an objective valuation which allows one to compare various cards apples-to-apples.

I think the very best that could be done would be 3 aspects:
- pure cash, e.g. statement credits or check - not all cards have this and most of the cards that do REALLY devalue points
- cash equivalent that most people would use, e.g. Amazon GC
- best value that card offers - if it's travel, it's travel, whatever it is
- promos, like rotating categories and such
But the above would practically be a full time job with all the variants laugh out loud
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Joined Nov 2005
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> bubble2 39,097 Posts
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Dr. J
04-27-2021 at 08:00 AM.
04-27-2021 at 08:00 AM.
Quote from DealsByLees :
Thank you for this. Going to go with my wife and hope this works. Saves $190 for both of us so worth the extra headache of going to the branch. Crazy using their customer service saves the money.



I am 99% certain that will work since you are spending the money. I personally am just going to swipe the card on paypal here and get hit with the 2.7% fee. I get 2.5% on all purchases with my USAA credit card so worth the 0.2% hit to not have the money sitting on visa cards. (could do something similar with venmo, cashapp, or anything along those lines)

They pay you to come into branch so they can try and upsell you on their other products. For me I had to take my 4 kids (including twin 3 yo toddlers) into the branch and they were like a bunch of monkeys, so everyone there knew I really had to get in, finish business and leave. They did give my toddlers each Chase piggy banks, so that's a bonus. That particular branch is very new so the workers probably haven't gotten into the swing of hawking all their products yet laugh out loud

As for spending, any spending will work so long as it's not a cash advance or balance transfer. I think the best value if you really just need to MS would be buying $500 Visa GC's at a supermarket - they have a $6.95 fee (1.39%) but you can typically score gas points while you're at it to mitigate it. Sometimes Staples will have sales where they will waive the fee, too. For $4k, 1 pt difference in fees is $40, but hey it's money. Just depends if it's worth your hassle as you'd have to get 8 of the $500 VGC to meet the spend. You should also get the native 1x pts on this, or 4k pts total - not much when looking at the 80k but something. I am not sure if Venmo would count for pts.

Back when Bluebird was still alive, I used the above method to abuse the hell out of grocery points programs - they usually have promos once a month - buy Visa GC and get 3-5x gas points; for example at 5x a $200 GC = 1k pts and was worth $1 off up to 35 gallons of gas (then, they've since changed the program and have a lower cap); so pay ~$7 to activate the VGC for $500, get $35 worth of gas PLUS 5x points on the CC (grocery store) and then just liquidate the GC via BB. I made a ton of $$ those few summers they ran those promos (and before they kneecapped the program).
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Last edited by Dr. J April 27, 2021 at 08:03 AM.
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