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.
Slickdeals may be compensated by Chase.
1,407 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
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.
Sign up for a Slickdeals account to remove this ad.
Got my card a month ago and, working towards my $4k purchase requirement :-)
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.
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.
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
Sign up for a Slickdeals account to remove this ad.
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
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).