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.
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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Applied today but got a result of pending decision and will let you know in writings in 2 weeks. What do i do now? Wait and see or call them?
Your application has been accepted and is being processed (reviewed). That's what "pending decision" means.
If you have not received a response back from them in two days, I'd suggest that you call their Reconsideration Line (888) 270-2127 and request a status update.
Applied today but got a result of pending decision and will let you know in writings in 2 weeks. What do i do now? Wait and see or call them?
If you just applied today and didn't get instant approval, there's a few statuses.
There's an automated line that's available to check your app status: 888-338-2586
You can call as often as you'd like. If it says "30 days," then your app is still processing so check again later. This sometimes can take a few days (last app took 3 days).
There's 2 outcomes after it moves off 30 days.
- "2 weeks" = approval, just wait and you should eventually get the approval email or whatever. Sometimes, they call you too to verify that you applied before sending you the card. So if you actually got the 2 weeks message, then you should be good to go.
- "7 to 10 days" = rejection. Call 888-270-2127 to talk to a human and figure out why. Sometimes it's just they want address/id verification or to move credit lines around.
Just to confirm, the 100,000 points can be cashed out for $1,250?
No….it's via their award site redemption which you can redeem gift cards etc. for travel, you get 25% more points. So your $1 equals $1.25 on their site.
So if you happen to find a $100 plane ticket on Google flights, and also with the same flight/hotel parameters into the Chase rewards website and get the same price for flight, then you'd use 25% less points.
Ie. I have the Reserve (gives 50% bonus point value), and just redeemed ~1670 points for a $25 statement credits
Not sure I agree cash is the worst value. With cash, you can invest in stocks, crypto, real estate and make even more cash. If you are redeeming for flights, I agree if you are flying for business purposes to close a lucrative multimillion dollar deal it's worthwhile. But if you are just going to lay on the beach, that imo is the worst redemption value.
Cash is the worst value because cash is fungible and you earn no points for redeeming that way.
Redeeming against spend you would have made anyway means you get higher value on your points in all cases, without having any less "available to invest" cash.
The only time cash isn't objectively worse is if you never spend money on anything that goes on a credit card.
None of the additional categories is of much use to me, since my travel has been curtailed during the COVID crisis. And they certainly don't make up for the loss of the Grocery stores, Home Improvement, and Dining categories.
Dang! I was holding up to apply to see what they have in store for PYB in Q4. Doesn't seem anything that I'd use. Don't know whether to apply just for 100k points.
I was able to maximize all my rewards redemptions on Groceries and Restaurants but my wife won't get her 100k rewards until mid Oct on her next statement. Too bad she missed out on that one. The new categories will end 03/31/22 and I hope after that the groceries and restaurants will come back. We will probably hold her 100k rewards until next year and see.
Here's my history
Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
Here's my history
Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
Here's my history
Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
In order to answer your question, what kind of Ink Business Card (Preferred, Cash, or Unlimited) do you presently hold?
Also, when you say "we", do you mean you and your wife (or partner)? And do you include such person in the churn plan?
Ink business plus. Yes, include my wife in the churn. We just signed her up for the CSP yesterday in branch. That's her only chase card at the moment
Ink Business Plus? LoL, you did the same thing that I did ... failed to convert earlier to the Ink Business Cash (no annual fee). I've been paying the $95 annual fee for the Business Plus card for I-don't-know-how-many-years, when the Business Cash card has nearly the same benefits. The only difference is the Plus waives the foreign exchange fees.
Ink business plus. Yes, include my wife in the churn. We just signed her up for the CSP yesterday in branch. That's her only chase card at the moment
Strategy 1A
You and your wife: Downgrade any and all of your Sapphire, Sapphire Preferred and Sapphire Reserve card(s) to Chase Freedom (either Freedom or Unlimited, your choice).* Wait a minimum of two weeks before applying for a new card.
You and your wife: Sign up at a Chase Bank for Chase Sapphire Preferred ($95 annual fee waived in-branch). Each person earns 100K bonus, $50 hotel credit.
You and your wife: Sign up online for Chase Sapphire Reserve using the Modified Double Dip method. Each person earns 60K bonus, $550 annual fee partially offset by $300 travel credit and point redemption values greatly increased through Chase Ultimate Rewards portal.
Note1: Follow the MDD steps exactly, there is little room for error.
Note2: The timing for the MDD will differ between you and your wife, since she already applied for the CSP yesterday.
Gains: 320K points, $100 hotel credit, $600 travel credit.
Costs: $1,100 annual fees, effort to meet $16,000 minimum spend.
Net @ 1 cents per point: $2,800
Net @ 1.25 cents per point: $3,600
Net @ 1.5 cents per points: $4,400
These calculations do not include CSR additional benefits, highly valued by frequent travelers:
Global Entry or TSA Pre✓® Fee Credit (statement credit of up to $100 every 4 years)
Select Hotel & Resort Special Benefits (free upgrade, early check-in, late check-out)
Strategy 1B
Your wife: Sign up at a Chase Bank for Chase Sapphire Preferred ($95 annual fee waived in-branch). She earns 100K bonus, $50 hotel credit. DONE.
You: Downgrade any and all of your Sapphire and Sapphire Reserve card(s) to Chase Freedom (either Freedom or Unlimited, your choice).* Wait a minimum of two weeks before applying for a new card.
Your wife: After she has received her new CSP card and when you are ready to apply for a new card, refer you via this link. She earns 20K bonus. https://www.chase.com/referafrien...epreferred
You: Sign up online using the sent link. You earn 100K bonus, $50 hotel credit. You pay $95 annual fee.
Gains: 220K points, $100 hotel credit.
Costs: $95 annual fee, effort to meet $8,000 minimum spend.
Net @1 cents per point: $2,205
Net @ 1.25 cents per point: $2,755
* _ It doesn't matter if you already have another Freedom account. You're allowed to have multiple Freedom Flex and multiple Freedom Unlimited cards.
Ink business plus. Yes, include my wife in the churn. We just signed her up for the CSP yesterday in branch. That's her only chase card at the moment
Ink Business Card Strategy
You have an Ink Business Bold card of suspect value compared to its $95 annual fee. At some point, you may want to convert your Ink Business Bold to a business card that carries no annual fee. You can immediately do a product change to an Ink Business Cash or to an Ink Business Unlimited, however, that would subsequently affect your eligibility for such card bonuses. Product changes are not eligible for sign-up bonuses, whereas new applications are.
If you can generate $15K in spending, you might consider signing up for the Ink Business Preferred card ($95 annual fee) for the 100K points bonus.
If you can generate $7.5 in spending, you might consider signing up for the Ink Business Unlimited (no annual fee) or the Ink Business Cash (no annual fee) cards for the 75K points bonus.
Notes:
You may have two business cards of the same type, provided one is signed up for under the EIN number and the other is signed up under your SSN number.
If you have an EIN number, you should sign up the business card under that number (since your present Ink Business Bold was signed up under your SSN), to keep your options open.
Signing up for both Ink Business Cash and Ink Business Unlimited nets you more bonus points than the Ink Business Preferred for the same amount of minimum spend.
You may sign up for all three cards (Preferred, Cash and Unlimited), if you so wish and can meet the required spend requirements.
While the new business card does not add to the number of cards counted under the 5/24 rule, the 5/24 Rule nonetheless still applies to all applications. So, if you have had 5 or more new cards in the past 24 months, then Chase will automatically reject your new business card application. If you have had 4 or less applications, then you're okay and the new business card does NOT count as an additional new card under the 5/24 Rule.
While there is no specific prohibition that I can find, I'd suggest waiting a minimum of 30 days after filing any new credit card application, before filing for a business card application. (Not that this caution is necessary, because you'll probably want to spread your applications in order to meet the minimum spend requirement.)
Odd I never have any issue with new credit cards. I have several Chase cards but been awhile. Got a waiting approval message....not instant. First time for that blah
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If you have not received a response back from them in two days, I'd suggest that you call their Reconsideration Line (888) 270-2127 and request a status update.
There's an automated line that's available to check your app status: 888-338-2586
You can call as often as you'd like. If it says "30 days," then your app is still processing so check again later. This sometimes can take a few days (last app took 3 days).
There's 2 outcomes after it moves off 30 days.
- "2 weeks" = approval, just wait and you should eventually get the approval email or whatever. Sometimes, they call you too to verify that you applied before sending you the card. So if you actually got the 2 weeks message, then you should be good to go.
- "7 to 10 days" = rejection. Call 888-270-2127 to talk to a human and figure out why. Sometimes it's just they want address/id verification or to move credit lines around.
No….it's via their award site redemption which you can redeem gift cards etc. for travel, you get 25% more points. So your $1 equals $1.25 on their site.
So if you happen to find a $100 plane ticket on Google flights, and also with the same flight/hotel parameters into the Chase rewards website and get the same price for flight, then you'd use 25% less points.
Ie. I have the Reserve (gives 50% bonus point value), and just redeemed ~1670 points for a $25 statement credits
Cash is the worst value because cash is fungible and you earn no points for redeeming that way.
Redeeming against spend you would have made anyway means you get higher value on your points in all cases, without having any less "available to invest" cash.
The only time cash isn't objectively worse is if you never spend money on anything that goes on a credit card.
None of the additional categories is of much use to me, since my travel has been curtailed during the COVID crisis. And they certainly don't make up for the loss of the Grocery stores, Home Improvement, and Dining categories.
Dang! I was holding up to apply to see what they have in store for PYB in Q4. Doesn't seem anything that I'd use. Don't know whether to apply just for 100k points.
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Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
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Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
Jan 2015 opened CSP card got 5k on sign up and 40k bonus, then downgraded it to CS no fee card years ago. Still have it open and not in use.
Signed up for CSR and got 100k bonus in Oct 2016.
I also have a chase business Ink card open that I signed up for in Jan 2015 as well probably tied to my SSN.
Wondering what a good game plan is to churn these and take advantage of the CSP 100k or other cards sign up bonus.
Also have an AMEX gold I've been wanting to downgrade since we don't use it much. We have a bunch of points we don't use with amex because the redemption values kinda sucks compared to the CSR.
From what I've read I'd need to downgrade the CSR to a freedom card, wait a few days(not sure how many days I have to wait?) then apply for the CSP card. Same thing with the business ink?
Also, when you say "we", do you mean you and your wife (or partner)? And do you include such person in the churn plan?
Also, when you say "we", do you mean you and your wife (or partner)? And do you include such person in the churn plan?
Ink business plus. Yes, include my wife in the churn. We just signed her up for the CSP yesterday in branch. That's her only chase card at the moment
You and your wife: Downgrade any and all of your Sapphire, Sapphire Preferred and Sapphire Reserve card(s) to Chase Freedom (either Freedom or Unlimited, your choice).* Wait a minimum of two weeks before applying for a new card.
You and your wife: Sign up at a Chase Bank for Chase Sapphire Preferred ($95 annual fee waived in-branch). Each person earns 100K bonus, $50 hotel credit.
You and your wife: Sign up online for Chase Sapphire Reserve using the Modified Double Dip method. Each person earns 60K bonus, $550 annual fee partially offset by $300 travel credit and point redemption values greatly increased through Chase Ultimate Rewards portal.
Note1: Follow the MDD steps exactly, there is little room for error.
Note2: The timing for the MDD will differ between you and your wife, since she already applied for the CSP yesterday.
Strategy 1B
Your wife: Sign up at a Chase Bank for Chase Sapphire Preferred ($95 annual fee waived in-branch). She earns 100K bonus, $50 hotel credit. DONE.
You: Downgrade any and all of your Sapphire and Sapphire Reserve card(s) to Chase Freedom (either Freedom or Unlimited, your choice).* Wait a minimum of two weeks before applying for a new card.
Your wife: After she has received her new CSP card and when you are ready to apply for a new card, refer you via this link. She earns 20K bonus.
https://www.chase.com/referafrien...e
You: Sign up online using the sent link. You earn 100K bonus, $50 hotel credit. You pay $95 annual fee.
* _ It doesn't matter if you already have another Freedom account. You're allowed to have multiple Freedom Flex and multiple Freedom Unlimited cards.
* * * * *
EDIT: These strategies assume that you and your wife are both eligible (or can make yourself eligible by changing products). For more information:
https://slickdeals.net/f/15070267-chase-sapphire-preferred-card-spend-4-000-in-first-3-months-earn-100k-points?p=147783
You have an Ink Business Bold card of suspect value compared to its $95 annual fee. At some point, you may want to convert your Ink Business Bold to a business card that carries no annual fee. You can immediately do a product change to an Ink Business Cash or to an Ink Business Unlimited, however, that would subsequently affect your eligibility for such card bonuses. Product changes are not eligible for sign-up bonuses, whereas new applications are.
If you can generate $15K in spending, you might consider signing up for the Ink Business Preferred card ($95 annual fee) for the 100K points bonus.
If you can generate $7.5 in spending, you might consider signing up for the Ink Business Unlimited (no annual fee) or the Ink Business Cash (no annual fee) cards for the 75K points bonus.
Notes:
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