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Chase Sapphire Preferred® Card: Earn

80K Bonus Points
w/ $4,000 Spent on Purchases
+159 Deal Score
232,607 Views
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 PM by
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.


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Created 03-14-2021 at 09:45 AM by helper02
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Deal
Score
+159
232,607 Views
80K Bonus Points
Questions & Answers BETA
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
S-G asked this question on 03-24-2021 at 07:07 PM
03-30-2021 at 08:06 AM
I called Chase and asked the same thing and they said no
foundinhim asked this question on 04-07-2021 at 05:32 AM
04-08-2021 at 11:55 AM
Being an authorized user does not disqualify you from opening your own account.

However, it counts against the 5, under Chase's 5/24 rule. So, be sure you haven't applied for 4 other credit cards within the past 24 months.
AliciaB2846 asked this question on 04-04-2021 at 09:11 AM
04-11-2021 at 08:33 AM
I think you just change your payment method to this card. I just changed it yesterday, so we'll see
SantiagoNasar asked this question on 04-12-2021 at 12:59 PM
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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This comment has been rated as unhelpful by Slickdeals users
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#31
Desperate times call for desperate measures. Chase took a card that rivaled the Amex Platinum and destroyed it in a matter of 12 months. With cards such as the Flex Freedom and the Flex Unlimted, there is no need for the Sapphire Reserve unless you use their travel portal for the additional 50% points. I went back to Amex after 2 years with the CSR card. I actually have both the Amex Platinum (for the 5 points for travel and hotels) and the Amex Gold (for the 4 points on Dining and Supermarkets) at a cost of $800 per year. This seems like a lot, but Amex has so many more bonus point opportunities than Chase. And if you use R@kuten, you can link those points to membership rewards. I have accumulated 220K points in a matter of 5 months. A big portion of the points came from bonus categories that Chase doesn't really offer. In full disclosure, I also received 100k in sign up points. So really I have accumulated 120K in points in 5 months which is still pretty good.
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#32
Quote from digimon :
Desperate times call for desperate measures. Chase took a card that rivaled the Amex Platinum and destroyed it in a matter of 12 months. With cards such as the Flex Freedom and the Flex Unlimted, there is no need for the Sapphire Reserve unless you use their travel portal for the additional 50% points. I went back to Amex after 2 years with the CSR card. I actually have both the Amex Platinum (for the 5 points for travel and hotels) and the Amex Gold (for the 4 points on Dining and Supermarkets) at a cost of $800 per year. This seems like a lot, but Amex has so many more bonus point opportunities than Chase. And if you use R@kuten, you can link those points to membership rewards. I have accumulated 220K points in a matter of 5 months. A big portion of the points came from bonus categories that Chase doesn't really offer. In full disclosure, I also received 100k in sign up points. So really I have accumulated 120K in points in 5 months which is still pretty good.
Chase is still allowing 50% off bonuses on redemptions to pay for restaurants for Reserve cardholders. That, combined with the net $150 annual fee, makes it worth it IMO.
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Our community has rated this post as helpful. If you agree, why not thank ?
#33
Quote from mrand :
If you end up receiving a 1099 tax form, you'd presumably need to deduct taxes that from the total:

https://www.doctorofcredit.com/wh...t-bonuses/
Credit card bonuses from minimum spend requirements aren't taxable. Referral bonuses, however, are. Source: I'm a CPA.
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#34
TIL linking to a blog post about a rumored CC offer belongs in hot deals.
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03-15-2021 at 07:51 AM
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#36
Quote from EffinAhole :
Wut? Youre saying the sign up bonuses from cc offers like this arnt taxable? How so? They send 1099s out.... Which means they are taxable.
I've never received a 1099 for a credit card bonus
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03-15-2021 at 07:55 AM
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#38
Quote from EffinAhole :
Well, ive done like 20-30 and ive received one each time... They always send 1099s out for sign up bonus offers. Its considered interest.
There's no way you've received a 1099 for each CC sign up bonus you've done.

There have been occasional DP's of 1099's being mistakenly sent out, but those have been rare.

Gosh, there's a lot of wrong info in this thread. I recommend anyone here to ignore most of these posts and get your info from Doctor of Credit.
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03-15-2021 at 08:06 AM
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#40
Quote from EffinAhole :
Wut? Youre saying the sign up bonuses from cc offers like this arnt taxable? How so? They send 1099s out.... Which means they are taxable.
Credit Card MSRs are considered rebates and generally not taxable by the IRS. I have no idea what you're doing wrong or what 1099s you're getting, but they are not generally taxable income. Bank opening bonuses, however, are taxable.

https://creditcards.usnews.com/ar...ds-taxable

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03-15-2021 at 08:18 AM
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#42
Quote from EffinAhole :
I think 2-3 of my 1099's are bank opening bonuses actually so I guess youre right about that. I do a lot of stuff so I cant remember what each is.
This makes sense. The bonus for opening a bank account is interest and is therefore taxable.
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#43
Quote from giantbruin :
Chase is still allowing 50% off bonuses on redemptions to pay for restaurants for Reserve cardholders. That, combined with the net $150 annual fee, makes it worth it IMO.
Agree 100%
CSR is still very worth it in my opinion
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#44
Thank you for your reply. I did not cancel before Nov 2020. I did not use the points to "Pay yourself back" before downgrading. I did not know. What are my best options now.

Thanks

Quote from Thinker :
You can reapply if cancelled before Nov. 2020. Hope you used those points to "Pay yourself back" before downgrading.
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#45
Quote from reader :
Thank you for your reply. I did not cancel before Nov 2020. I did not use the points to "Pay yourself back" before downgrading. I did not know. What are my best options now.

Thanks
Not sure you can reapply for the same card but you can apply for CSP on 21st to see if that works..
If you are within30 days, you can also call them to move back to CSR if they allow after downgrading. You may endup paying AF again. Others can chime in if there is another way.
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