Chase Sapphire Preferred® 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 benefits 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 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.
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 Rewards®. 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 Rewards®.
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, 100,000 points are worth $1,250 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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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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Do you have to specify $50 grocery credit to apply? Or it's automatically applied when you open in the branch?
It's automatic.
Moreover, the credit is applied immediately. As soon as the grocery charge is processed, the very next item that will appear as an activity will be the grocery credit. (You don't have to wait until the end of the billing cycle.)
And you can charge piecemeal. One $5 grocery charge will generate a $5 grocery credit. Another $8 charge will generate an $8 credit. And so forth and so on, until you've exhausted the $50 credit.
I don't know if there is a time limit for use, other than the $50 grocery offer only applies for the first year of membership. I used mine up within the first week. Most people will use theirs within the first three months. I'd suggest using it quickly in order to avoid the possibility of forgetting about the perk.
I currently have the original free Sapphire card. If I cancel the Sapphire, how long do I have to wait before I can sign up for the Sapphire Preferred?
I was under the impression (correct me if I am wrong) that if my total credit line is over half of my income, then Chase will not approve any new credit card application. I want to apply for CSP.
I believe that is the rule-of-thumb applied by most banks before they start to scrutinize your application.
I.e., they may immediately approve your application if your total line of credit/income ratio meets its criteria. Otherwise, your application goes into the pot of pending applications that need further review.
So the fact that your total credit line is over half your income isn't necessarily a disqualifier. In my case, my total credit line is about double my income. My application was approved after redistributing the credit limits from two of my other Chase credit cards.
My total credit line across all my credit cards is over half of my annual income. If I lower my credit line on a couple cards, do you know how long does it take for the credit report to reflect the change? 1 month?
From what I've read, the credit bureaus don't review accounts on any set schedule. Instead, as soon as they receive a new report from a creditor, they update your credit score.
So the question is, when do your credit card companies report such changes to the credit bureaus? My guess is that they do so whenever they submit their monthly reports. Chase, for example, submits its reports to the credit bureaus within a few days of the end of each account holder's billing cycle (reference link)[wallethub.com].
Even if I knew which banks you were talking about, I don't know enough about banking policies to tell you with any certainty. So, all I can do is guess. For all I know, the banks could submit credit line updates to the credit bureaus as soon as they process them. So, please take this information with a grain of salt.
How long did it take to get the card? I applied a week ago and got a call from their fraud dept (yes it was actually them and they didn't ask any person info). They said I was approved but it would take 2 weeks to get the card mailed. Never got an email about it either.
Downgraded my free chase sapphire. Waited for 10 days. Went to a local branch and the lady told me 100k (80k on the web), $50 grocery, $95 first year waiver. After 10 min, I was out of there with a new card arrival in 1-2 days
Downgraded my free chase sapphire. Waited for 10 days. Went to a local branch and the lady told me 100k (80k on the web), $50 grocery, $95 first year waiver. After 10 min, I was out of there with a new card arrival in 1-2 days
Thanks, OP.
Nice! I just downgraded my free Sapphire to the Freedom Flex an hour ago. Going to try going to my local branch on Friday to get the same Sapphire Preferred offer as you.
Well, you don't need to take any action even though you have such a concern. As I said earlier, there are many other factors that would affect the creditor's decision whether or not to approve your application such as income and debt ratio, credit utilization, average age of credit, number of recent hard inquiries, etc. Overall income is only one of the factors. So lowering your credit line proactively might not secure your odd to get a higher approval chance. My advice is just go ahead and apply. If you get denied, call the reconsideration number and find out why. If Chase is not willing to extend any new credit to you and thus denied your app, request to move a portion of credit line from an existing account to the new Sapphire account.
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from acefr
:
I was under the impression (correct me if I am wrong) that if my total credit line is over half of my income, then Chase will not approve any new credit card application. I want to apply for CSP.
Southwest is a co-brand card while CSP is not. CSP is with Ultimate Reward points, and Southwest is with Southwest Rapid Rewards points. These are two different reward programs. I don't think you can transfer points between them.
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from bonesbones123
:
Also, is it really true that these 100,000 points could be transferred to Southwest reward points? If so, I am wondering what would happen if you transfer the points to Southwest and then later downgrade to a no annual fee card at some point. Would the points disappear from Southwest? Thanks!
I don't think their criteria for approval is solely based on Chase Credit card limits, but on some other basis that includes all credit cards. In my case, they held up approval until I reallocated $5K from my other Chase credit cards ... and my other Chase credit cards totaled only $23K! However, my total available credit (including all other bank cards) was a little over $200K.
My wife, OTH, was instantly approved for $17K, but she had no other Chase cards and her total available credit was less than $50K.
My credit score is about 820, my wife's is about 780.
Sorry, that's about all the info that I can pass on to you about how Chase evaluates credit limits.
I hope this datapoint is helpful for anyone who is looking to downgrade their current CSR (or whatever Sapphire card they have) to apply from a 20k referral link.
7/7 - Downgraded CSR to CFU (Freedom Unlimited)
I confirmed that it has been over 48 months since I received the last Sapphire signup bonus
7/10 - Applied for CSP from friend's 20k + 100k referral link (I receive 100k and referring friend receives 20k)
The rough estimate of 3-4 days after you downgrade an existing CSR or Sapphire to reapply for the CSP is valid.
7/10-7/12 - No movement or confirmation of application decision
Never received any emails that my application was pending
During the application process, the final page bugged out and only showed me page not found error.
However after reading some posts here, it seemed like the hold up may be I either need to reallocate some credit from my existing three Chase cards, verification of my identity or both.
7/12 - Called the Recon line (888) 270-2127 and waited 15 mins to speak to an agent that confirmed that my application was on hold/pending due to the verification team needing to verify my identity.
Was transferred over to the verification team and waited 2 hours before someone picked up.
They verified my info all within 10 mins and said my application was approved.
The verification agent didn't mention this but it appears they reallocated some credit from the previous CSR that was converted over to a CFU. Was originally 26k -> 9.4k
The new CSR was opened with 17.3k which is roughly what was moved and keeps my total available credit with Chase around 50k (with all my cards combined)
Thanks @1dash1 for your comment, if I didn't see it I would have never bothered to call Chase to get some credit reallocated or identity verified via the Recon line.
Does anyone know if you can refer others with no annual fee chase sapphire card and get the bonus?
If I am able to, I might change my CSP to no annual fee and make sure I can refer it to my family and friends then downgrade it to freedom later and reapply with the 48 month rule. If the referrals don't work with no annual fee card then it's not worth getting that..
Also, is it really true that these 100,000 points could be transferred to Southwest reward points? If so, I am wondering what would happen if you transfer the points to Southwest and then later downgrade to a no annual fee card at some point. Would the points disappear from Southwest? Thanks!
Southwest is a travel partner. While the points cannot be "shared" (transferred back and forth), the UR points can be redeemed for an equivalent number of Southwest points. Once redeemed, the Southwest points remain Southwest points. It doesn't matter what you do with your Chase card. https://thepointsguy.com/guide/re...mum-value/
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Moreover, the credit is applied immediately. As soon as the grocery charge is processed, the very next item that will appear as an activity will be the grocery credit. (You don't have to wait until the end of the billing cycle.)
And you can charge piecemeal. One $5 grocery charge will generate a $5 grocery credit. Another $8 charge will generate an $8 credit. And so forth and so on, until you've exhausted the $50 credit.
I don't know if there is a time limit for use, other than the $50 grocery offer only applies for the first year of membership. I used mine up within the first week. Most people will use theirs within the first three months. I'd suggest using it quickly in order to avoid the possibility of forgetting about the perk.
Edit: nevermind, i think i got my answer from this helpful post: https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=148202
I.e., they may immediately approve your application if your total line of credit/income ratio meets its criteria. Otherwise, your application goes into the pot of pending applications that need further review.
So the fact that your total credit line is over half your income isn't necessarily a disqualifier. In my case, my total credit line is about double my income. My application was approved after redistributing the credit limits from two of my other Chase credit cards.
So the question is, when do your credit card companies report such changes to the credit bureaus? My guess is that they do so whenever they submit their monthly reports. Chase, for example, submits its reports to the credit bureaus within a few days of the end of each account holder's billing cycle (reference link) [wallethub.com].
Even if I knew which banks you were talking about, I don't know enough about banking policies to tell you with any certainty. So, all I can do is guess. For all I know, the banks could submit credit line updates to the credit bureaus as soon as they process them. So, please take this information with a grain of salt.
Thanks, OP.
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Thanks, OP.
My wife, OTH, was instantly approved for $17K, but she had no other Chase cards and her total available credit was less than $50K.
My credit score is about 820, my wife's is about 780.
Sorry, that's about all the info that I can pass on to you about how Chase evaluates credit limits.
If I am able to, I might change my CSP to no annual fee and make sure I can refer it to my family and friends then downgrade it to freedom later and reapply with the 48 month rule. If the referrals don't work with no annual fee card then it's not worth getting that..
Southwest is a travel partner. While the points cannot be "shared" (transferred back and forth), the UR points can be redeemed for an equivalent number of Southwest points. Once redeemed, the Southwest points remain Southwest points. It doesn't matter what you do with your Chase card.
https://thepointsguy.co
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