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Chase Sapphire Preferred® Card: Earn 80,000 Bonus Points After Spending Expired
$4,000 in First 3 Months
Update: This popular deal is still available.
Chase is offering 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening for their Chase Sapphire Preferred® Card. Annual fee is $95.
Thanks to Community Member archtctnut for sharing this deal.
Card Details:
Read our review on the Chase Sapphire Preferred® Card
Slickdeals may be compensated by Chase.
Chase is offering 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening for their Chase Sapphire Preferred® Card. Annual fee is $95.
Thanks to Community Member archtctnut for sharing this deal.
Card Details:
Read our review on the Chase Sapphire Preferred® Card
Slickdeals may be compensated by Chase.
Original Post
Written by
Edited May 24, 2023
at 04:09 PM
Chase is offering 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening for their Chase Sapphire Preferred® Card. Annual fee is $95.
Card Details:
Slickdeals may be compensated by Chase.
Card Details:
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- 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.
- Member FDIC
Slickdeals may be compensated by Chase.
Created 04-18-2023
at 11:27 PM
by archtctnut
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On one occasion, I planned my conference and booked the hotel with UR Travel instead of using the conference link. The price was similar, so I decided to earn a few points... That was bad choice because:
They charged the full amount immediately instead of placing a hold.
When I wanted to shorten my stay, it took me almost 2 hour on the phone to change it. And even then, their portal still shows the old travel dates and it took them 2 weeks to refund the difference, so that I had to pay the balance first.
On the other occasion, I tried to book a cruise with them - even worse headache. They do have some cruises online but not all of them. And definitely they don't have any of the optional packages the cruise lines now have to sweeten the deal. My cruise was not available on the portal so I ended up spending 2-3 hours on the phone with very ignorant UR rewards employee who wanted nothing more than to end the call.
And most importantly... The Ultimate Rewards Travel has been outsorurced abroad, to multiple call centers in at least 2 multiple locations (I heard 2 different type of accents, both equally bad). The UR Travel call center used to be 100% English speaking, very knowledgeable, very nice and attentive representatives. Not anymore. Upon your call you are getting to the badly accented employee who is clueless as to what you are asking such that you have to repeat yourself 2-3 times. Mid you, English is my second language too, so I don't mind repeating, knowing that my accent is also bad. But I also know that it is not that bad so I have to repeat myself so much so it gets tiring. There is also bad lag between you talking and call center responding. This is confirmed on every occasion I had to interact with them. The only way to solve this is to immediately request the US Representative. At least for now this works, but who knows for how long.
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It might not be worth keeping for most AFTER that first year of course... (if you don't travel it's not worth keeping after the year... if you DO travel it's probably better to upgrade to a CSR where the difference in annual fee can be easily overcome with the various credits and other perks)
You can probably PC to another freedom (or a freedom flex or freedom unlimited might be even better for you) but you won't be eligible for this offer because it has to have been 48 months since the last time you received a sapphire bonus.
There is no "best" single credit card.
If you want to max value you use several different cards.
If you can't be bothered then it's probably instead worth your time to get BoA status and at least get 2.625% back on everything.
EDIT: I see the premium rewards card, but to get Gold status, you have to spend $20k over 3 months in credit cards, way too much for me.
Will you get it if you book a hotel using only points through the portal?
Regarding the points-to-flights benefit. 80,000 points is $800 cash back or $1000 if redeemed through Chase travel (Chase Sapphire Preferred gets you 25% bonus). All nice and good as long as you book the right airlines. You are essentially buying a ticket with points, with the prices matching the official channels. Unfortunately, for American Airlines and COPA (among many others) Chase charges a baked-in premium to book (i.e. the price of the ticket costs more on Chase), For AA it is $40-$50, for COPA it is $16, for Spirit it is $7, Air Canada $5, etc. Delta, United and JetBlue all have no premium. So if you want to maximize the value you are limited on airlines.
I did an example booking with AA. It is $380 for the flight, booked with miles it is 20,500 miles and $92 in taxes. Approximately $0.014/mile. Booked with Chase it is $430. Without sapphire preferred it would be 43,000 points, with the Sapphire Preferred 25% discount its 34,400 (its 25% increased value of the point, so therefore a 20% discount)
An example booking with United. It is $170 for Economy, booked with miles is 15000 miles and $5.60 in taxes. Approximately $0.011/mile. Booked on Chase it is also $170 (no difference). Without sapphire preferred it would be 17,000 points, with the Sapphire Preferred 25% discount its 13,600.
For Delta. $175.9, 15000, $5.60, $0.0115/mile. Also $176 on chase, 17590 without discount, 14,072 with it.
Yeah so it really is only good for airlines which dont have that baked in fee (United, Delta, JetBlue).
After the first year, you do get 10% rewards back in how much you spent in the year on the card, although you are going to get hit with another $95 annual fee. You will get another $50 travel credit so it is again just $45. So unless you reallllllly travel a lot on United, Delta and JetBlue and reallllly book a lot of hotels wherein the 2% added cash back (over Wells Fargo Autograph travel 3%, or Bank of America online 3%) will cover the $45 cost (i.e. $2,250 in spending), this card is just good for the signup bonus...wherein you will use the bonus during the 1 year you have the card such that you can get the 25% added redemption value, and specifically only on Delta, United or JetBlue. The other benefits, the cash back are bested by other cards. While you get the billed cash back rate, in reality it is 25% boosted since the redemption value is increased at Chase travel. 2% travel is actually 2.5%, 3% dining is 3.75%, 3% streaming is 3.75%, 1% everywhere is 1.25%. CITI Double cash is 2% everywhere, Wells Fargo Autograph is 3% travel. The streaming and dining are clearly nice. I'm grandfathered into the CapitalOne SAVOR card when it was free, so I get 4% dining. SavorOne (the current free card) is 3% dining, so you are losing out on 0.75% (on $3000/yr in dining that is $22.50/yr). Streaming 3.75% is nice, but how much a year does anyone actually spend on streaming? $200? $300? $400? That extra 0.75% isnt a big difference maker. In other words, using this as your every day card is leaving a LOT on the table since other cards get better cash back rates.
So yeah the bottom line is, if you fly a lot on United, Delta or JetBlue, look at this card as a one-year rental PLUS A HARD CREDIT PULL to get $955 in flight value ($1,000 - $45 cost after hotel credit) if you spend $4000 in 3 months, or $1080 in flight value if you spend an additional $2000 in the 3 months after the first 3 months for a total of $6000 in 6 months.
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EDIT: I see the premium rewards card, but to get Gold status, you have to spend $20k over 3 months in credit cards, way too much for me.
Status with BoA is not based on spend, it's based on how much $ you have stored at BoA.
The way most people get higher status is moving their brokerage or IRA $ over to Merrill Edge, where it can sit in exactly the same things it was in wherever you have it now, but ALSO get you as much as 75% higher credit card rewards.
So the 1.5% on non-category spend reward turns into 2.625% cash back... and the 3% category reward spend turns into 5.25% cash back.
You've missed what is, by far, the highest value use of these points.
TRANSFERS to airlines or hotel.
Where you'll get on the LOW end at least 2x the value you suggest that you can get in the portal.
And as much as 3-6x higher value on premium airline fares.
The way most people get higher status is moving their brokerage or IRA $ over to Merrill Edge, where it can sit in exactly the same things it was in wherever you have it now, but ALSO get you as much as 75% higher credit card rewards.
So the 1.5% on non-category spend reward turns into 2.625% cash back... and the 3% category reward spend turns into 5.25% cash back.
You've missed what is, by far, the highest value use of these points.
TRANSFERS to airlines or hotel.
Where you'll get on the LOW end at least 2x the value you suggest that you can get in the portal.
And as much as 3-6x higher value on premium airline fares.
From what I see, the transfer from Chase is 1:1 with JetBlue and United. For most of us, we are flying Economy (or Main Cabin, whatever you like to call it). With United, JetBlue and Delta, the value of a mile is around $0.011-$0.012/mile. So...80000 chase points becomes 80000 miles, which is $960 in value, which is approximately what they are worth at Chase Travel. I think JetBlue value for the Blue fare is around $0.013, and thus $1040 in value. Yeah yeah, I know that they have a TON more value with business and first class, just some people (like myself) have families and want to get the most tickets, not a single super-experience ticket.
Hyatt for example routinely offers you north of 2 cents a point with transfers, meaning 90k points can easily approach $2000 (or more for some properties) in cash equivalent value... Marriot is garbage in comparison.
Further, thanks to airline alliances, you can book nearly every airline in the world with Chase points.
Avios for example can get you short haul American Airlines domestic flights for as little as 7500 points or West Coast roundtrips to Hawaii on American and Alaska Air as low as 26k round trip... and Avios can also get you roundtrip coach to Europe as low as 34k from the east coast via Iberia air (and there's usually at least one 20-30% transfer bonus during the year too making these deals even sweeter). Aeroplan can get you short haul US to Canada as low as 6k points each way as another example. LOTS more out there.... yes the value gets much higher in business or first- but just coach and hyatt hotels will usually beat the hell out of the 1.25 cent portal values like for like too unless you have very very narrow/specific dates and routes you're locked into.
Methinks you need to go do a fair bit more research on this topic my friend-- you're apparently missing out on a lot of value.
Hyatt for example routinely offers you north of 2 cents a point with transfers, meaning 90k points can easily approach $2000 (or more for some properties) in cash equivalent value... Marriot is garbage in comparison.
Further, thanks to airline alliances, you can book nearly every airline in the world with Chase points.
Avios for example can get you short haul American Airlines domestic flights for as little as 7500 points or West Coast roundtrips to Hawaii on American and Alaska Air as low as 26k round trip... and Avios can also get you roundtrip coach to Europe as low as 34k from the east coast via Iberia air (and there's usually at least one 20-30% transfer bonus during the year too making these deals even sweeter). Aeroplan can get you short haul US to Canada as low as 6k points each way as another example. LOTS more out there.... yes the value gets much higher in business or first- but just coach and hyatt hotels will usually beat the hell out of the 1.25 cent portal values like for like too unless you have very very narrow/specific dates and routes you're locked into.
Methinks you need to go do a fair bit more research on this topic my friend-- you're apparently missing out on a lot of value.
I don't fly to Europe, Canada or the Pacific, so Alaska Air, Hawaii Air, Aeroplan, Iberia, Avios...these are all worthless to me (I know that it is a big deal for a lot of people - those with family in Europe, those who plan a Pacific vacation). I'm sure most people would agree as well. Most (I know...not ALL) people are focused on domestic CONUS travel.
I know that there is definitely 2-3x value out there for those points, just for what I am looking for (and I'm sure a majority of others), that being economy travel that is almost all domestic with a rare international vacation here and there, the extra value doesn't present itself. For example, I flew to Japan back in 2019, which would be considered the rare international vacation. I was going purely on price which Delta presented itself as a bargain - IAD-DTW-NRT. Got a RT for $955. About a week later, United dropped to $900, RT, non-stop IAD-NRT. Now, of course I had no miles, but if I did and stayed locked into Delta because of how great it is to fly to Colombia, I would have probably redeemed them for the IAD-DTW-NRT flight, and the United non-stop flight would not have been a consideration since I don't do points with them. I definitely would have preferred the non-stop to Tokyo, and probably would have been told by my wife to just buy the United flight with money and save the points for flights to Colombia. So its not just as cut-and-dry as "hey look these miles can be redeemed for 2-3x value". Some people have other considerations in mind.
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