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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
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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.
First of all, if you have a Reserve, the value is 1.50 in straight redemptions. Secondly, even if you don't buy into luxury valuations like first or business class, the hotel redemptions are easily worth it. I stayed at a Hyatt branded hotel in Orlando for 5,000 pts a night on a weekend once, when the going rate on any of the sites was nearly $200/nt. Hyatt is a fantastic use of points if you need to travel somewhere during peak season and/or on a weekend. I also saved a bundle at a Hyatt just outside of Boston during graduation week. Their point cost never changes, but their dollar cost spikes. And these are regular rooms, so even if you think first or business class costs are inflated, this is a way to get huge pt valuations for every day people. Unless your next argument is going to be how the Days Inn across the street is $49. There's always something cheaper available, that doesn't change the value of things. My $50 jeans are not worth less than $50 just because there exist $20 jeans.
I understand there are some people that aren't able to take advantage of these valuations. Those people probably shouldn't really be looking at premium cards anyway. But some people very much can. If you regularly travel in first of business class, having UR pts can be worth a fortune.
Nothing really absurd there at all, just facts.
Also what's this 'sale' thing? It's not like business class lists X dollars 6 days a year and it's half off the other 359 so this comparison makes 0 sense.
Pricing for all classes of service varies by date, by airline, by routing, etc... .... both in cash and often in points as well.
Further- I mentioned I routinely get more than the 1.25c YOU claimed was MAX value on economy fares and hotel bookings with Hyatt
So you don't even need to get to business or first class fares to beat your factually incorrect "max" value.
Just that you beat it by even more if you include premium class airfares.
In short- your 1.25c max claim is simply not true when redeeming for travel.
After the first month they don't refund any of the annual fee, and you're not eligible to open a new one for another 48 months from when you get the bonus anyway, so why would you cancel it early?
After the first month they don't refund any of the annual fee, and you're not eligible to open a new one for another 48 months from when you get the bonus anyway, so why would you cancel it early?
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Yeah, once the second AF posts you have 30 days (I think it's technically like 41 or something, but call it 30 to be safe) to do one of the following:
Cancel card (worst option in most cases)
Downgrade card to a $0 AF chase card (if you don't plan to travel and don't mind losing sapphire benefits)
In both of those cases you'll get the AF refunded so no cost to you.
or
Upgrade to CSR- which if you do travel significantly is a much better card and easy enough to get enough value out of to cover the AF (but has a lower signup bonus so isn't as worthwhile to start with if you pick between it and CSP, which you do).
In that case you'd be charged an additional AF above the $95 CSP one (though you get the $300 travel credit, the $100 GE credit, higher point value in the portal or via PYB, free roadside assistance, free priority pass membership including guests, and various other perks)
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).
Let us use the 4K in spending and assuming 3% in fee. Pay your spouse, friend, yourself through venmo (I use paypal here just because it is 2.7% for swipe) You then get $3,880 back so $120 in fees. You then go buy those groceries or whatever you were going to with the gift cards and you now get 1.5% CB on that purchase since you are using a CC instead so $60 of the original $120 back and you are not out the money or tied to gift cards. I personally get 2.5% on all purchase so I am only out $8 on the 4K transaction and do not have to worry about the MS.
Further- I mentioned I routinely get more than the 1.25c YOU claimed was MAX value on economy fares and hotel bookings with Hyatt
IHG has devalued points by as much as 30%
https://www.doctorofcre
The World of Hyatt is Devaluing Again
https://www.jeffsetter.
World of Hyatt Devalues Cash and Points Award Chart
Read more at: https://www.johnnyjet.c
IHG has devalued points by as much as 30%
https://www.doctorofcre
The World of Hyatt is Devaluing Again
https://www.jeffsetter.
World of Hyatt Devalues Cash and Points Award Chart
Read more at: https://www.johnnyjet.c
How silly would it be if straight redemption were the optimal way to spend points? Why would they even bother offering anything else?
IHG has devalued points by as much as 30%
https://www.doctorofcre
https://www.jeffsetter.
World of Hyatt Devalues Cash and Points Award Chart
Read more at: https://www.johnnyjet.c
So, first, the post is from 2019... . Second it mentions the change in the story (did you actually READ the story?) can:
It THEN goes on to mention they actually increased the value of points used for on property spend.
In fact- in some cases doing that (which is usually a worse value than rooms BTW)- can get you... 1.5 cents per point.
Which is.... HIGHER than the 1.25c max you incorrectly claimed was the MOST you could get.
Hilarious that your own source- which you clearly didn't read- ALSO proves you wrong
You might wanna quit while you're behind... (they never do though....)
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I dont think thats possible, bank location application specifically waves the 95 annual fee and you cant wavie fees when your friend refers you even by both of you going to branch and sitting next to each other infront of a banker.