Chase [link for reference only; branch locator] is offering Up to 90,000 Signup Bonus Points when you Open a New Chase Sapphire Preferred Credit Card Account and meet minimum spending thresholds (see details below). This offer is available in-branch only.
Thanks to Community Member hondaman82 for posting this deal.
Bonus details:
Earn 80,000 bonus points after spending $4,000 in the first 3 months from account opening.
Additional 10,000 bonus points after spending $6,000 total on purchases made in the first 6 months from account opening
Total potential bonus of 90,000 bonus points, worth $1,125 toward travel when redeemed through Ultimate Rewards.
START 3/19, Signup for the Chase Sapphire Preferred and get 80,000 points after $4,000 in spend within the first three months, plus an additional 10,000 bonus points after spending $6,000 total on purchases made in the first 6 months. Total 90,000 points bonus possible. In-Branch Exclusive Offer, the usual 5/24 rules applied, screenshot attached, https://ibb.co/71gjgt7
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You can not have more than 1 Sapphire card at the same time, and you can not get a new Sapphire signup bonus if you received one on any Sapphire card in the last 48 months.
For anyone debating on whether to go for this, know that the all time high is 100k bonus points, making this a very lucrative opportunity.
You can- I've seen YMMV reports about how many days you need to wait between cancelling and new application though.
Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
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You can not have more than 1 Sapphire card at the same time, and you can not get a new Sapphire signup bonus if you received one on any Sapphire card in the last 48 months.
What if you still have the card but want to cancel and reapply? I got the bonus like 5 years ago
I can't see when I opened the preferred but I see that annual fee is posted April 2021 and April 2022. Is it possible for me to downgrade to flex or unlimited and get this bonus again.
Depends what you use them for. 1 cent each taken as cash but that's about the lowest-value use of em. For travel they'll be worth anywhere from 1.25c on the low end (chase portal), to 1.5-2.5 cents mid-range (Hyatt hotel transfers and coach airline transfers typically) to as much as 4-8 cents a point on the high end (transfers to airlines for flight bookings)
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from SmilingRaccoon4726
:
I can't see when I opened the preferred but I see that annual fee is posted April 2021 and April 2022. Is it possible for me to downgrade to flex or unlimited and get this bonus again.
Credit karma should show when the account was opened- but since the bonus wait period for sapphire is 48 months that means you'd have to have earned your previous bonus no later than March 2019 to qualify now in March 2023.
You can- I've seen YMMV reports about how many days you need to wait between cancelling and new application though.
Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
Yea I remember you needed to wait before applying if you cancel but you can downgrade instead to skip the wait. That's what I did last time I did the CSR/CSP double dip two years ago. Hopefully this offer comes back in two years haha
I can't see when I opened the preferred but I see that annual fee is posted April 2021 and April 2022. Is it possible for me to downgrade to flex or unlimited and get this bonus again.
If you are still a client with Chase, their CSR can tell you.
My wife applied for their card 4 months back but she forgot to spend 4K and never received the sign up bonus. She downgraded the card 2 weeks back to a freedom card. Can she apply for this card and get the bonus after spending 4K in 3 months?
Thoughts on closing cards and impact to average age of cards as relates to credit score?
Downgrade is typically considered better.... if you don't already have an unlimited or freedom type chase card that'd be the way to go (or an additional freedom for a second $1500/quarter 5x cap if you tend to go over the cap some quarters)
As to closing hurting your score--- Average age isn't a significant reason (cards stay on your report, and continue to age, for 7-10 years after you close them).... the bigger factor tends to be utilization...Now if you've been churning a while and have a bunch of open cards and only ever hit 1-2% utilization a month anyway, not an issue... but for folks who have say 2 cards each with a 5k limit and usually charge $2,000 a month, then you close one card, your utilization suddenly jumps from 20% to 40% and that's gonna be a significant score hit.
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Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
Sign up for a Slickdeals account to remove this ad.
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You can- I've seen YMMV reports about how many days you need to wait between cancelling and new application though.
Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
Depends what you use them for. 1 cent each taken as cash but that's about the lowest-value use of em. For travel they'll be worth anywhere from 1.25c on the low end (chase portal), to 1.5-2.5 cents mid-range (Hyatt hotel transfers and coach airline transfers typically) to as much as 4-8 cents a point on the high end (transfers to airlines for flight bookings)
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Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
Yea I remember you needed to wait before applying if you cancel but you can downgrade instead to skip the wait. That's what I did last time I did the CSR/CSP double dip two years ago. Hopefully this offer comes back in two years haha
Check the churning subreddit
No i think you are allowed one Sapphire product at the time
Also things to keep in mind:
Use any credits you might have on existing card you haven't used yet.
Insure you move your UR points to a different card before closing old one.
Thoughts on closing cards and impact to average age of cards as relates to credit score?
Sign up for a Slickdeals account to remove this ad.
Downgrade is typically considered better.... if you don't already have an unlimited or freedom type chase card that'd be the way to go (or an additional freedom for a second $1500/quarter 5x cap if you tend to go over the cap some quarters)
As to closing hurting your score--- Average age isn't a significant reason (cards stay on your report, and continue to age, for 7-10 years after you close them).... the bigger factor tends to be utilization...Now if you've been churning a while and have a bunch of open cards and only ever hit 1-2% utilization a month anyway, not an issue... but for folks who have say 2 cards each with a 5k limit and usually charge $2,000 a month, then you close one card, your utilization suddenly jumps from 20% to 40% and that's gonna be a significant score hit.