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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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.
They usually look at credit usage across all credit cards. So if you have $100k in credit available you are really at using only 2% of credit usage.
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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.
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.