Chase is offering 80,000 Bonus Points ($1,000 towards travel) w/ $4,000 spent on purchases in the first 3 months of account opening for the Chase Sapphire Preferred® Card. Annual fee is $95.
Thanks to community member helper02 for finding this deal.
Card details:
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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Original Post
Written by
Edited March 23, 2021
at 12:17 PMby
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 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
jinklasbhava
asked this question on 03-31-2021 at 07:46 PM
04-03-2021 at 12:11 AM
I chatted with their rep on Twitter and they said that the referral is 60k for now. They do not know if it will change. They were not that knowledgeable nor helpful
04-03-2021 at 07:39 PM
Thanks gagaun. I also spoke with their rep on phone and they said the same thing. Apparently, referral sign-ups are still capped at 60k bonus points (with an additional 15k going to the person who gives out a referral), whereas 80k if you use the direct sign-up link.
04-06-2021 at 02:01 AM
Thanks, jinklasbhava for the additional info.
04-07-2021 at 06:19 AM
Not sure when this was updated, but my brother can now refer me with me the 80k bonus.
04-08-2021 at 06:21 PM
i received email yesterday, saying i can refer and my friend will get 80k bonus.
loldoge
asked this question on 03-23-2021 at 06:20 PM
03-30-2021 at 10:35 AM
$0 first year annual fee was listed in the disclosures I was asked to agree to when I signed up in the branch today. So definitely waived when you sign up at the branch.
03-31-2021 at 07:28 AM
Yes, the waived fee is for in branch only, not for signing up online.
03-31-2021 at 10:02 AM
i applied with my EIN and got denied because i got the bonus with my ssn less than 4 years ago.
04-05-2021 at 09:46 PM
I went into branch today and it said annual fee waived first year as in branch special on the computer screen right as we started the application
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Applied and received our Chase Sapphire card a few months. Have now acquired 85,000 points. My biggest surprise was that my points are worth over $700 and readily redeemable as cash on Amazon purchases.
I opened Sapphire Reserve in 2019. Have lot of points on it so instead of canceling, I downgraded it in 2020 to no-fee version.
Do I have to cancel it to sign up for new offer? How long do I have to wait?
What's the best option for points on it. I think there is something special about these points. That's why I did not cancel the card in 2020.
You can reapply if cancelled before Nov. 2020. Hope you used those points to "Pay yourself back" before downgrading.
Applied and received our Chase Sapphire card a few months. Have now acquired 85,000 points. My biggest surprise was that my points are worth over $700 and readily redeemable as cash on Amazon purchases.
Redeeming your points on Amazon is not wise.
Much smarter to cash them out and then use a credit card for your Amazon purchases so you earn more cash back/points.
Holy shit, 80k + 50% redemption value = $1500 cash value
The Sapphire Preferred is only a 25% bonus when redeemed for travel. So $1000 only when redeemed for travel using the Chase portal.
The Sapphire Reserve is the one that has a 50% bonus. But that bonus is only worth $600 x 1.5 = $900. And again, that's only if redeemed for travel or using Pay Yourself Back, which is scheduled to stop at the end of April.
Is there a way to get your chase sapphire preferred card number immediately? Have a $5K purchase on the 23rd
Call them and ask them to expedite it. They've been known to send it 2-day or even overnight it if you really need the card (especially for making a large purchase!).
I am by no means offering accounting, tax, legal or financial advice, but my understanding is that any credit card points that required spending to earn is NOT considered taxable income. It's considered a discount/rebate. So if your account opening bonus had a minimum spend requirement, you're ok (this does NOT, however, apply to bank accounts with a minimum balance requirement, that's clearly taxable interest income). Also all of your rewards for spending as you use the card shouldn't count either.
Long story short, these CC offers will not trigger any kind of 1099 from Chase and are extremely unlikely to be considered taxable income.
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(within the last 15 month, I already acquired 11 new credit cards, only one was issued by Chase, if that makes any difference?)
Do I have to cancel it to sign up for new offer? How long do I have to wait?
What's the best option for points on it. I think there is something special about these points. That's why I did not cancel the card in 2020.
Will I be eligible for this offer?
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https://www.doctorofcre
Much smarter to cash them out and then use a credit card for your Amazon purchases so you earn more cash back/points.
The Sapphire Reserve is the one that has a 50% bonus. But that bonus is only worth $600 x 1.5 = $900. And again, that's only if redeemed for travel or using Pay Yourself Back, which is scheduled to stop at the end of April.
Will I be eligible for this offer?
Sign up for a Slickdeals account to remove this ad.
https://www.doctorofcre
Long story short, these CC offers will not trigger any kind of 1099 from Chase and are extremely unlikely to be considered taxable income.
Check with your financial advisor of course.