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Chase Sapphire PreferredĀ® Card: Spend $4,000 in First 3 Months Expired
Earn 100K points
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.
Slickdeals may be compensated by Chase.
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.
Slickdeals may be compensated by Chase.
Original Post
Written by
Edited October 7, 2021
at 05:20 AM
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.
Slickdeals may be compensated by Chase.
- 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.
Slickdeals may be compensated by Chase.
Created 06-03-2021
at 01:54 PM
by helper02
If you take advantage of an offer on our site, Slickdeals may receive a commission.
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
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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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Have CSR and ~300k points, will downgrade to Freedom Unlim, points remain with my account/move to new card.
Wait 4+ days, use P2 referral for CSP and sign up.
Points remain in my Ultimate Rewards account (or I need to move them to be associated with CSP?).
Complete spend to have a total of ~400k UR points.
Profit??
Also what you guys downgrade CSR to? Freedom Flex? I have the business ink card giving 1.5% all purchase so I do not need the freedom unlimited card.
I went from CSR to Flex. Flex is a MasterCard World Elite card, so it comes with some extra perks. Card number will change from the conversion from Visa to MC. Not eligible for a sign-up bonus for two years if you were planning to sign up for a Flex directly (wasn't important to me). Your other option could be to go Freedom, but the Flex seems like a better card in all aspects.
Now to figure out how to spend $8k in 3 months š
Your case is the exception to the rule. Most applicants would have had their application rejected, leaving them to resort to the Reconsideration Line to plead their case. At which time, some (again, exceptions to the rule) would be approved and most would be disapproved.
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CSR: 300K pts x 1.5 = 450K pts = $4500 value
CSP: (20K referral pts + 100K SUB pts + 300K pts) x 1.25 = 525K pts = $5,250 value
You are getting $750 more if replacing CSR with CSP. In addition, say you are reaching your anniversary of CSR soon and need to pay $550 AF for the coming year, then $550 should be factored into the math as well. In such case getting CSP would give you $1300 more value ($750 + $550 = $1300).
Have CSR and ~300k points, will downgrade to Freedom Unlim, points remain with my account/move to new card.
Wait 4+ days, use P2 referral for CSP and sign up.
Points remain in my Ultimate Rewards account (or I need to move them to be associated with CSP?).
Complete spend to have a total of ~400k UR points.
Profit??
CSR: 300K pts x 1.5 = 450K pts = $4500 value
CSP: (20K referral pts + 100K SUB pts + 300K pts) x 1.25 = 525K pts = $5,250 value
You are getting $750 more if replacing CSR with CSP. In addition, say you are reaching your anniversary of CSR soon and need to pay $550 AF for the coming year, then $550 should be factored into the math as well. In such case getting CSP would give you $1300 more value ($750 + $550 = $1300).
... There are the other perks that come with the CSR that need to be considered ($300 annual travel credit; $60 DoorDash credit, $100 application fee credit for Global Entry/TSA PreCheck, Priority Pass Select lounge access, 3X points earned on travel purchases).
... There is the question of timing (when do you need to redeem the points).
... There is the question of overall strategy (which card are you going to product change to, are you later going to upgrade back to the CSR, or wait four years to apply for a new CSR bonus).
... There is a small risk that one of the steps will go wrong (for example, the CSP application not approved).
... There is the intangible value of owning a CSR that defies logic. People willingly pay the annual fee without getting anywhere near $500 cash value for it.
... And then there's the question of how much benefit will be derived from the rotating 5% categories of the CFF (downgraded CSR).
Notwithstanding the above comments, I agree with your assessment. For the average customer, who doesn't do a tremendous amount of traveling and who doesn't have an immediate need to redeem the points, it makes sense to product change from the Chase Sapphire Reserve and sign up for the Chase Sapphire Preferred 100K bonus.
P.S.
In retrospect, I probably should have responded to the original message. You were just trying to break down the math (not an evaluation of the relative benefits).
... There are the other perks that come with the CSR that need to be considered ($300 annual travel credit; $60 DoorDash credit, $100 application fee credit for Global Entry/TSA PreCheck, Priority Pass Select lounge access, 3X points earned on travel purchases).
... There is the question of timing (when do you need to redeem the points).
... There is the question of overall strategy (which card are you going to product change to, are you later going to upgrade back to the CSR, or wait four years to apply for a new CSR bonus).
... There is a small risk that one of the steps will go wrong (for example, the CSP application not approved).
... There is the intangible value of owning a CSR that defies logic. People willingly pay the annual fee without getting anywhere near $500 cash value for it.
... And then there's the question of how much benefit will be derived from the rotating 5% categories of the CFF (downgraded CSR).
Notwithstanding the above comments, I agree with your assessment. For the average customer, who doesn't do a tremendous amount of traveling and who doesn't have an immediate need to redeem the points, it makes sense to product change from the Chase Sapphire Reserve and sign up for the Chase Sapphire Preferred 100K bonus.
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Wondering this as well