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Chase Sapphire PreferredĀ® Card: Spend $4,000 in First 3 Months Expired

Earn 100K points
+711 Deal Score
1,499,254 Views
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 RewardsĀ®.
  • Enjoy benefits 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 06:20 AM by
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.


Slickdeals may be compensated by Chase.
Created 06-03-2021 at 02:54 PM by helper02
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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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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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Joined Dec 2005
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> bubble2 14,146 Posts
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ScottoDono
09-14-2021 at 09:39 PM.
09-14-2021 at 09:39 PM.
Quote from 1dash1 :
After downgrading from Chase Sapphire Reserve, in branch applications were taking about 1-2 weeks to clear according to my last tally on 8/27/2021:
https://slickdeals.net/forums/showpost.php?p=149341894&postcount=4182

I didn't keep track of how long it took to clear online applications because they seemed to be taking much quicker .. something on the order of twice as fast.

* * * * *

Since 8/27/2021, more data points have been added. This time, I also kept a tally of online applications.

After downgrade, in-branch:
13 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149660686#post149660686
> 7 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149636758#post149636758
13 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149559169#post149559169

After downgrade, online:
> 6 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149622298#post149622298
> 7 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149607604#post149607604
8 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149543302#post149543302
4 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149538124#post149538124(same as https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149390050#post149390050)
5 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149472091#post149472091
3 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149472043#post149472043

Unknown:
> 2 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149601826#post149601826
> 6 days _ https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=149546986#post149546986

Note: The reports denoted as "> __ days" are of limited value. They simply report failures at certain point in time. The applicant never reported back. So, it is not known when those applications were eventually approved.

* * * * *

Overall, I'd posit that the clearance times remain the same between the two tallies:

1 to 2 weeks for in-branch applications

4 to 7 days for online applications.
I think you and Tazmania are definitely the heros of this thread!

Any idea how long it takes for referral points to post - and is it fair to say 20000 points is worth $250?
Reply
Joined Sep 2011
L4: Apprentice
> bubble2 365 Posts
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random205
09-14-2021 at 09:54 PM.
09-14-2021 at 09:54 PM.
Damn I have a Sapphire and a Sapphire Reserve. Guess I'm not eligible. Frown
Reply
Joined Dec 2016
L5: Journeyman
> bubble2 564 Posts
68 Reputation
dekoy08
09-14-2021 at 10:06 PM.
09-14-2021 at 10:06 PM.
Quote from SiennaDeer8270 :
You should find a good mechanic that can help you diagnose a lemon. With a lease, you are paying extra for having a new car every few years. Even if you factor in maintenance, owning is the wiser financial move over the long haul. Learn to make your own repairs and it will be even cheaper. Don't let one lemon affect your financial decisions the rest of your life.
Thanks for the advice. This is actually the plan, though I wont be buying a lemon. Probably a 4 year old car with a good amount of miles. Like I mentioned, I just leased for transportation purposes and to give myself time to make a decision of whether I was ever going to ride a motorcycle again. I will eventually buy a car but ill make that decision within the next few years.
Reply
Joined Dec 2008
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> bubble2 3,770 Posts
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1dash1
09-14-2021 at 10:14 PM.
09-14-2021 at 10:14 PM.
Quote from random205 :
Damn I have a Sapphire and a Sapphire Reserve. Guess I'm not eligible.
Correct, but you can do a product change to Freedom or Slate cards, if you're willing to wait for the downgrades to clear Chase's internal system.
https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=147783607#post147783607


Quote from ScottoDono :
I think you and Tazmania are definitely the heros of this thread!

Any idea how long it takes for referral points to post - and is it fair to say 20000 points is worth $250?
One to two billing cycles after the referral is accepted (new application is submitted).
https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=148485544#post148485544
https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=148595722#post148595722

P.S. "Fairness" is in the eye of the beholder. (I've read your previous posts and understand what you're trying to get at. However, I think it is something you need to work out with your friend.)
Reply
Last edited by 1dash1 September 14, 2021 at 10:22 PM.
Joined Dec 2005
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> bubble2 14,146 Posts
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ScottoDono
09-14-2021 at 10:21 PM.
09-14-2021 at 10:21 PM.
Quote from 1dash1 :
One to two billing cycles after the referral is accepted (new application is submitted).
And you think if splitting with friend, $125 is fair to ask for or should I ask for $100?
Reply
Joined Dec 2008
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> bubble2 3,770 Posts
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1dash1
09-14-2021 at 10:22 PM.
09-14-2021 at 10:22 PM.
Quote from ScottoDono :
And you think if splitting with friend, $125 is fair to ask for or should I ask for $100?
See my edited response.

Or lack of response. ​Wink
Reply
Joined Dec 2005
L10: Grand Master
> bubble2 14,146 Posts
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ScottoDono
09-14-2021 at 10:26 PM.
09-14-2021 at 10:26 PM.
Quote from 1dash1 :
See my edited response.

Or lack of response. ​Wink
Thanks. I was wondering why that question keeps getting ignored. I think its a fair question- just want to know what other people would do. The friend is getting found money no matter what.
Reply

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Joined Oct 2009
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> bubble2 534 Posts
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a123456
09-14-2021 at 10:46 PM.
09-14-2021 at 10:46 PM.
Quote from ScottoDono :
Thanks. I was wondering why that question keeps getting ignored. I think its a fair question- just want to know what other people would do. The friend is getting found money no matter what.
It's very situation dependent. Part of it will be how the friend will use the UR points for the value of those. Then, referral bonus money is technically taxable income (although Chase generally won't issue a 1099 until a certain threshold) as opposed to the tax-free sign up bonus. So that would vary depending on the friend's margin tax rates.

So in the worst case of 1 cent per point and ~50% tax rate, the friend would only be getting 100 and be paying you 125. Of course, it's likely the value would be higher but just depends and is something you'd just have to work out with them on what both of you consider fair.
Reply
Joined Feb 2006
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Tazmania99
09-14-2021 at 11:01 PM.
09-14-2021 at 11:01 PM.
All your questions aside, I think you should know that this deal is not available to anyone who is either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.

Quote from gohan_d1 :
I have a CSR from 3 years ago and looking to get this deal by downgrading to a Chase Freedom, waiting 2 weeks and then applying in Branch. The problem is I've made a few big purchases recently and intend on doing at least one return. How does that work? If I downgrade, I assume I'm going to get a new credit card number so how will a return for the CSR get processed if the CSR account is no longer active?
Reply
Joined Sep 2012
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> bubble2 107 Posts
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gohan_d1
09-14-2021 at 11:05 PM.
09-14-2021 at 11:05 PM.
Quote from Tazmania99 :
All your questions aside, I think you should know that this deal is not available to anyone who is either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.

I got my last CSR bonus more than 48 months ago and the whole reason for downgrading.is to not be a current sapphire card holder. Hence the waiting 2 weeks and applying as a new sapphire preferred application after my product downgrade to a freedom card. Lmk if my understanding is off
Reply
Joined Feb 2006
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Tazmania99
09-14-2021 at 11:18 PM.
09-14-2021 at 11:18 PM.
That makes more sense to apply coz you mentioned you have a CSR from 3 years ago, which is 36 months and not qualified for a new Sapphire bonus.

Back to your question. When you downgrade your CSR to another no-fee card that is within the same card network, the card number will be the same for the new card. Since CSR is a Visa Signature card, it'd be best to downgrade to Freedom Unlimited which is also a Visa. If you downgrade to Freedom Flex, the card number will be changed because all Visa starts with "4" while all Mastercard starts with "5". And yes, Freedom Flex is a Mastercard.

Quote from gohan_d1 :
I got my last CSR bonus more than 48 months ago and the whole reason for downgrading.is to not be a current sapphire card holder. Hence the waiting 2 weeks and applying as a new sapphire preferred application after my product downgrade to a freedom card. Lmk if my understanding is off
Reply
Joined Feb 2006
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Tazmania99
09-14-2021 at 11:46 PM.
09-14-2021 at 11:46 PM.
$200 is the face value of 20K points I would say. When I split $100 with you, you can't value my $50 to buy a lotto ticket and then win a jackpot for a million dollar. You are not sharing my million dollar, right? Same as the referral points. You can't assume your friend must cash out the 20K points for $250.

And I agree with 1dash1 that you should work out with your friend. Maybe your friend just wants to help you out and doesn't care about the money?!

Quote from ScottoDono :
And you think if splitting with friend, $125 is fair to ask for or should I ask for $100?
Reply
Joined Dec 2005
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> bubble2 14,146 Posts
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ScottoDono
09-14-2021 at 11:55 PM.
09-14-2021 at 11:55 PM.
I PC'd pm Sep 8 so have had Chase Freedom for a week and just received a balance transfer offer on my Chase Sapphire Reserve --- that is not a good sign that it cleared from my acct yet
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Joined Nov 2015
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> bubble2 171 Posts
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sr2002
09-15-2021 at 10:13 AM.
09-15-2021 at 10:13 AM.
I'm an authorized user on my partner's Saphire Preferred and have my own Chase Freedoom. Does this make me ineligible for the bonus etc?
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Joined Feb 2011
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bru_that
09-15-2021 at 10:37 AM.
09-15-2021 at 10:37 AM.
Quote from sr2002 :
I'm an authorized user on my partner's Saphire Preferred and have my own Chase Freedoom. Does this make me ineligible for the bonus etc?
Nope. You are fine to apply on your own - make sure to use your partner's referral so they get the extra 20k points.
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