Chase Sapphire PreferredĀ® Card: Spend $4,000 in First 3 Months
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Earn 100K points
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Update: This great credit card offer is still available.
Our best offer ever! Chase is offering 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Enjoy new beneļ¬ts such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining and 2X points on all other travel purchases, plus more. Annual fee is $95.
Thanks to community member Helper02 for finding this deal.
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 RewardsĀ®.
Enjoy beneļ¬ts such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate RewardsĀ®, 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 RewardsĀ®. 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.
Our best offer ever! Chase is offering 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate RewardsĀ®. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide. Annual fee is $95.
Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate RewardsĀ®.
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 RewardsĀ®. For example, 100,000 points are worth $1,250 toward travel.
With Pay Yourself Backā , 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.
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.
I mentioned the offer to my wife who is a Chase employee and she pulled it up on her internal system. It had a note that they had additional offers if you apply in a branch. You get the 100k points, 1st year AF waived, and a $50 grocery credit. So essentially an extra $145 for applying in the branch.
Wow. No brainer if you are eligible for the bonus.
I signed up for 80k offer just last week. Can I get chase to make it 100k?
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Not a piece of cake anymore since you lost on an even better deal....
"People are reporting that on 6/17, they will begin offering this deal in branches where they have the ability to waive the annual fee and offer the $50 grocery credit unless I am missing something"
Can you show me more info or link about that? But yes very useful info. Repped!
Not a piece of cake anymore since you lost on an even better deal....
"People are reporting that on 6/17, they will begin offering this deal in branches where they have the ability to waive the annual fee and offer the $50 grocery credit unless I am missing something"
Not everyone lives close enough to a branch to make it worth it if it's true information.
Talk to customer service, usually they do match the offer upto 30days
Has anyone succeeded in this in recent times. I know that Chase used to do this (match new increased bonus if requested shortly after opening anew account). However, recent reports on this seem negative.
Can you show me more info or link about that? But yes very useful info. Repped!
It is all guessing.
The previous deal was 80k points + $50 grocery credit. Additionally applying at a branch waived the annual fee.
So I don't think there is any chance the $50 grocery credit will be available in branch in 2 weeks. People are assuming the waived fee will be available again, which I'd say is a pretty good chance.
I have a CSP and its been over 4 years since my bonus. Should I just outright apply to a Freedom card to get that bonus and then downgrade my CSP to another Freedom so that I can then apply for this card on a new account? Or does downgrading make me eligible for a Freedom bonus (highly doubt it though)?
I guess applying for a Freedom card would count against me for 5/24 but that would only be 1. Any thoughts? My plan was to get the CSP in branch at 80k points and then in 13 months product switch to a CSR. I currently have 90K UR points
If I understand your situation correctly, you currently hold a CSP and no Freedom account, and you are trying to fashion a way of maximizing bonuses by applying for both a new CSP (100K bonus) and a new Freedom ($200 bonus). It has been more than 4 years since you were awarded the last CSP bonus.
The simple answer is "yes" you may downgrade the CSP to a Freedom card, then apply for a new CSP to get the 100K bonus. And you can apply for a new Freedom card to get the $200 Freedom bonus.
But there are a lot of details to attend to:
- You need to select which Freedom type of account you wish to downgrade to: Freedom Flex or Freedom Unlimited. They are both the same except the Flex has a 5% rotating categories and the Unlimited gives 1.5% back on every purchase.
- The CSP downgrade has to be recorded into Chase's system before applying for a new CSP card. No one really knows how long this takes. Some say 2-3 days, others have said that it takes a month. (My suggestion is to call Chase Customer Service after 3 days and ask them whether their system still shows your CSP account as being active.)
- You need to ensure that you qualify under Chase's 5/24 policy (maximum of 5 new credit cards in the past 24 months).
- You need to evaluate whether your credit score is sufficient. (I'd suggest that your credit score be at least in the mid-700s to be comfortable in applying for a new CSP card.)
- You need to evaluate whether you can meet the minimum $4K spend requirement (or the minimum $4K + $500 if you apply for both new CSP and Freedom cards simultaneously).
- Already having one Freedom account (for the CSP downgrade), you should evaluate whether it is worth the $200 bonus to open up another Freedom account. (I already have a Freedom Flex account and the benefits associated with it. For me, opening up a Freedom Ultimate account for a $200 bonus isn't worth the administrative hassle and the potential 5/24 impacts.)
- When opening up the new Freedom account, you will need to choose whatever other type is left after the downgrade. If you chose the Flex for CSP downgrade, then you would need to open up a new Unlimited.
Provided you have met the conditions stated above, you can have two applications (new CSP and new Freedom) submitted to Chase at the same time.
Anyone else downgraded their Chase Reserve to a freedom and were able to apply for this Preferred with success? I downgraded my reserve this past Fri and still getting denied. (I'm well past the 48 months, 5 yrs with Reserve) Read it could take a few days for the system to recognize?
When should I cancel the card or how long should I keep it open? How much will it drop my credit score for canceling and will it also affect other things too? Thanks
When should you cancel the card and how long should you keep it open?
If you have redeemed your UR points, then you can cancel the card immediately.
If you haven't redeemed the UR points and you don't have a Reserve card, then you'll want to redeem the points at $0.0125 per point using Chase Sapphire Preferred's Pay Yourself Back Program or book travel through Ultimate Rewards Travel. The PayYourself Back Program ends in September 2021.
Alternatively, instead of direct point redemption, you can also exchange points with travel partners. (United and Hilton have some great deals on business class travel and hotel rooms that far exceed $0.02 per point.) That's if you plan on doing any travel in the near future.
If you have UR points and you don't have any other Chase cards to redeem them, then you may not want to close your Chase Sapphire Preferred card. You need to make this decision within 30 days of when Chase charges you the annual fee in order to get a complete refund of the charge. (It's actually 30 days if downgrading the account and 45 days if closing the account, but just figure on 30 days to keep it simple.)
See comments below about downgrading the account, rather than closing the account.
How much will it drop your credit score for canceling and will it also affect other things?
Opening a new credit card will have a number of impacts on your credit score;
- Hard credit pull.
- New account.
- Decrease average credit history age.
- Decrease debt-to-credit utilization ratio.
- Change credit mix ratio.
Typically, these impacts range from 5-10 points and gradually disappear within six months.
Opening up a new credit card may affect whether you are eligible for other credit cards down the road. The 5/24 is the most frequently cited rule. There are other banks that apply similar rules. https://upgradedpoints.com/credit...ank-rules/
Closing a new credit card, on the other hand, has negligible impacts on your credit score.
- There is no direct impact to your credit score. Unlike accounts opened, the credit bureaus make no evaluation based on "accounts closed".
- Increase your debt-to-credit utilization ratio, because of the loss of the card's credit limit. (However, most people have enough other credit cards and loans that the impact is very small.)
- Assuming the card was terminated in good standing, the record will stay in your credit history for 10 years. That means that 10 years from now, your credit score will be affected when the card drops off your history. Meanwhile, all of your other credit card accounts will have aged 10 years, so overall the impact on your average credit card history should be insignificant.
Note: You can avoid the negative impacts of closing the Chase Sapphire Preferred by downgrading it to a Chase Freedom Flex or Ultimate account (no annual fee card).
It is all guessing. The $50 grocery will certainly not
The previous deal was 80k points + $50 grocery credit. Additionally applying at a branch waived the annual fee.
So I don't think there is any chance the $50 grocery credit will be available on branch in 2 weeks. People are assuming they waived fee will be available again, which I'd say is a pretty good chance.
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"People are reporting that on 6/17, they will begin offering this deal in branches where they have the ability to waive the annual fee and offer the $50 grocery credit unless I am missing something"
Can you show me more info or link about that? But yes very useful info. Repped!
Usually they match the offer upto 30 days. Try your luck with customer service
Talk to customer service, usually they do match the offer upto 30days
"People are reporting that on 6/17, they will begin offering this deal in branches where they have the ability to waive the annual fee and offer the $50 grocery credit unless I am missing something"
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The previous deal was 80k points + $50 grocery credit. Additionally applying at a branch waived the annual fee.
So I don't think there is any chance the $50 grocery credit will be available in branch in 2 weeks. People are assuming the waived fee will be available again, which I'd say is a pretty good chance.
I guess applying for a Freedom card would count against me for 5/24 but that would only be 1. Any thoughts? My plan was to get the CSP in branch at 80k points and then in 13 months product switch to a CSR. I currently have 90K UR points
The simple answer is "yes" you may downgrade the CSP to a Freedom card, then apply for a new CSP to get the 100K bonus. And you can apply for a new Freedom card to get the $200 Freedom bonus.
But there are a lot of details to attend to:
- You need to select which Freedom type of account you wish to downgrade to: Freedom Flex or Freedom Unlimited. They are both the same except the Flex has a 5% rotating categories and the Unlimited gives 1.5% back on every purchase.
- The CSP downgrade has to be recorded into Chase's system before applying for a new CSP card. No one really knows how long this takes. Some say 2-3 days, others have said that it takes a month. (My suggestion is to call Chase Customer Service after 3 days and ask them whether their system still shows your CSP account as being active.)
- You need to ensure that you qualify under Chase's 5/24 policy (maximum of 5 new credit cards in the past 24 months).
- You need to evaluate whether your credit score is sufficient. (I'd suggest that your credit score be at least in the mid-700s to be comfortable in applying for a new CSP card.)
- You need to evaluate whether you can meet the minimum $4K spend requirement (or the minimum $4K + $500 if you apply for both new CSP and Freedom cards simultaneously).
- Already having one Freedom account (for the CSP downgrade), you should evaluate whether it is worth the $200 bonus to open up another Freedom account. (I already have a Freedom Flex account and the benefits associated with it. For me, opening up a Freedom Ultimate account for a $200 bonus isn't worth the administrative hassle and the potential 5/24 impacts.)
- When opening up the new Freedom account, you will need to choose whatever other type is left after the downgrade. If you chose the Flex for CSP downgrade, then you would need to open up a new Unlimited.
Provided you have met the conditions stated above, you can have two applications (new CSP and new Freedom) submitted to Chase at the same time.
Yesterday, I was able to get through with the 100K adjustment after calling customer service a few times and requesting an escalation and case review.
Chase "cannot provide writing" so I have to take their word for it, but keep trying I guess.
If you have redeemed your UR points, then you can cancel the card immediately.
If you haven't redeemed the UR points and you don't have a Reserve card, then you'll want to redeem the points at $0.0125 per point using Chase Sapphire Preferred's Pay Yourself Back Program or book travel through Ultimate Rewards Travel. The PayYourself Back Program ends in September 2021.
Alternatively, instead of direct point redemption, you can also exchange points with travel partners. (United and Hilton have some great deals on business class travel and hotel rooms that far exceed $0.02 per point.) That's if you plan on doing any travel in the near future.
If you have UR points and you don't have any other Chase cards to redeem them, then you may not want to close your Chase Sapphire Preferred card. You need to make this decision within 30 days of when Chase charges you the annual fee in order to get a complete refund of the charge. (It's actually 30 days if downgrading the account and 45 days if closing the account, but just figure on 30 days to keep it simple.)
See comments below about downgrading the account, rather than closing the account.
How much will it drop your credit score for canceling and will it also affect other things?
Opening a new credit card will have a number of impacts on your credit score;
- Hard credit pull.
- New account.
- Decrease average credit history age.
- Decrease debt-to-credit utilization ratio.
- Change credit mix ratio.
Typically, these impacts range from 5-10 points and gradually disappear within six months.
Opening up a new credit card may affect whether you are eligible for other credit cards down the road. The 5/24 is the most frequently cited rule. There are other banks that apply similar rules.
https://upgradedpoints.
Closing a new credit card, on the other hand, has negligible impacts on your credit score.
- There is no direct impact to your credit score. Unlike accounts opened, the credit bureaus make no evaluation based on "accounts closed".
- Increase your debt-to-credit utilization ratio, because of the loss of the card's credit limit. (However, most people have enough other credit cards and loans that the impact is very small.)
- Assuming the card was terminated in good standing, the record will stay in your credit history for 10 years. That means that 10 years from now, your credit score will be affected when the card drops off your history. Meanwhile, all of your other credit card accounts will have aged 10 years, so overall the impact on your average credit card history should be insignificant.
Note: You can avoid the negative impacts of closing the Chase Sapphire Preferred by downgrading it to a Chase Freedom Flex or Ultimate account (no annual fee card).
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The previous deal was 80k points + $50 grocery credit. Additionally applying at a branch waived the annual fee.
So I don't think there is any chance the $50 grocery credit will be available on branch in 2 weeks. People are assuming they waived fee will be available again, which I'd say is a pretty good chance.
Thank you, repped for the insight!