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Chase Sapphire Preferred 80000 bonus sign up

+36 Deal Score
44,889 Views
Direct link! [chase.com]

Not as great as 90K bonus in branch last month, but still better than current 70K points online, $95 Annual Fee as usual Smilie

I am not a professional churner, but manage to get about 40 millions UR points over the years so doing pretty good so far... see pic: https://ibb.co/dr3GjF1

T&C

Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months after account opening,* that's $1,000 in travel rewards when you redeem through Chase Ultimate RewardsÂŽ.

This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.
More ways to earn
New! Earn 3X points on dining, including eligible delivery services, takeout and dining out.*
New! Earn 5X total points on travel purchased through Chase Ultimate RewardsÂŽ, excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit.*
New! Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.*
Earn 2X on other travel purchases.*
New! Earn 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs).*
New! Earn 3X points on select streaming services.*
Plus, earn 1 point per dollar spent on all other purchases.*
in Credit Cards (7) Chase Business Checking
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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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Joined Feb 2008
L8: Grand Teacher
> bubble2 3,489 Posts
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overzeetop
06-29-2023 at 07:25 AM.

Our community has rated this post as helpful. If you agree, why not thank overzeetop

06-29-2023 at 07:25 AM.
Quote from Knightshade :

I'm specifically saying the value of the points VARIES depending what you do with them... but that you can virtually ALWAYS get significantly better than cash value out of the points when used for travel.

I did address the "if you would've paid that much in cash" point specifically though- I guess you missed it so I quote that part of my earlier post below:
To answer your previous questions, two weeks ago the coach fares to the EU were $440 on Scandiavian; earlier this spring they were $420 on TAP (last fall they were $390; I took the family to Dublin and Lisbon). This week the business class is on Icelandic for $1150-1250 depending on your destination. I just checked the 10,000 mile Flying Blue promo, and there are some 11,500 trips plus ~$212 in fees one way in coach, - so I could pay just 23,000 points and $424 to get to france, in coach, for what SAS was offering for $16 more with no points. Granted - those are different classes of coach; the SAS doesn't include checked luggage, for example (AF might not a that redemption either). Currently business from WAS-AMS on the best FlyingBlue promo is still 60,000+$500 per seat. Icelandic is $12xx all in. That's a whopping 1.1c/mile.

There *are* occasional great deals on points, but they are few and far between and the high values are on seats I'll never purchase, and most have competing airlines offering the same or equivalent route for substantially less. To bring it back to everyday products, if Johnsonville given me a coupon for a free pack of breakfast sausage for $12 and I pay $1 in tax, and Smithfield has the same size package of breakfast sausage on sale for $3.50 including tax, the "value" of that coupon is $2.50, because if I don't have that coupon I'm still able to buy name brand breakfast sausage for $3.50 out the door.

Slick deals is about actual good deals, not 80% off on inflated MSRP.
1
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Joined Apr 2010
L1: Learner
> bubble2 21 Posts
14 Reputation
wingtse
06-29-2023 at 08:28 AM.
06-29-2023 at 08:28 AM.
OP, I sent an secure messages to ask chase to match the offer since I have opened the card a few weeks ago. They get back to me and saying that it is a targeted offer. And would let me to proof that this offer is for me.
Can you let us know how do you find the offer?
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Joined May 2015
L3: Novice
> bubble2 148 Posts
52 Reputation
Crispy_Waffles
06-29-2023 at 08:50 AM.
06-29-2023 at 08:50 AM.
Quote from Knightshade :
Are they active military? Chase (and many card companies) waive annual fees for them routinely.... Otherwise last time the in-branch-waive-fee thing was available was early 2021

https://www.doctorofcredit.com/re...preferred/ [doctorofcredit.com]
No, it was an in store only special. I guess wasn't advertised online, she got it last August for a 60k bonus confirmed. It was also offered to me as well since I was there, but I didn't get it
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Last edited by Exposure June 29, 2023 at 08:54 AM.
Joined Dec 2008
L3: Novice
> bubble2 233 Posts
141 Reputation
DeadDog
06-29-2023 at 09:06 AM.
06-29-2023 at 09:06 AM.
Quote from icecube4u :
Has anyone used OP's link to apply and was able to confirm that the 80k offer was applied correctly? Maybe CSR? Just checking.

Yes. Signed up and confirm I see 80k goal in the app after 4k spend.
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Joined Dec 2008
L3: Novice
> bubble2 233 Posts
141 Reputation
DeadDog
06-29-2023 at 09:21 AM.
06-29-2023 at 09:21 AM.
Quote from SinghPing :
I just got it online and requested expedite delivery over the phone. they said tomorrow or day after for delivery.

Thank you, I did the same. I appreciate the response!
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Joined Jan 2008
L5: Journeyman
> bubble2 690 Posts
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theplayer
06-29-2023 at 09:43 AM.
06-29-2023 at 09:43 AM.
Quote from restwithbest :
How can I verify if I had the card in the last 48 months? I do not remember when the last time I had applied.
Quote from Knightshade :
Icelandic business class is garbage though.

It's equivalent to US domestic- NOT international business or first.

No lie flat seats- just slightly nicer regular seats and free drinks.

That's not remotely comparable to the real international business class tickets being discussed- which cost a lot more than $1200.




They're really not that uncommon, if you actually are honest and compare apples to apples.
Iberia Business class for 68k pts RT off season from East coast and Chi to Madrid is hard to beat. IMO.
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Joined Jul 2020
L3: Novice
> bubble2 101 Posts
22 Reputation
ElatedWren4033
06-29-2023 at 10:05 AM.
06-29-2023 at 10:05 AM.
I see the 80k points referenced in the app. Thanks again op!
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Joined Mar 2010
L3: Novice
> bubble2 106 Posts
49 Reputation
grumpybovine
06-29-2023 at 11:44 AM.
06-29-2023 at 11:44 AM.
Wow, pretty heated debate over the value of credit card points. I wasn't expecting that.

I kinda understand both sides. Here's my take ...

For the purpose of SD, the most useful thing is probably to compare the deal to the market price, i.e., what most people actually pay for, now. Not some fake, regular price that no one pays for because sales happen so often. Not some unicorn deal that very few people can actually get.

Of course, there is always subjectivity in valuation, and that is valid. And it can be very helpful to bring your subjective take because others may agree. But I think a key caveat is this:

Let say the market price of Doritos is $5:

- A sale for $2 would probably be slick because that is 60% off the market price. Even if you hate Doritos and value it at only $1, it wouldn't be helpful to say the deal sucks.

- A sale for $4.50 would probably not be slick because that is only 10% off. Even if you love Doritos and value it far above $4.50, it wouldn't be helpful to say the deal is slick.

Basically, advice for the median SDer would probably be the most helpful.
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Joined Sep 2009
L10: Grand Master
> bubble2 15,360 Posts
4,346 Reputation
Knightshade
06-29-2023 at 12:06 PM.
06-29-2023 at 12:06 PM.
Quote from grumpybovine :
Wow, pretty heated debate over the value of credit card points. I wasn't expecting that.

I kinda understand both sides. Here's my take ...

For the purpose of SD, the most useful thing is probably to compare the deal to the market price, i.e., what most people actually pay for, now. Not some fake, regular price that no one pays for because sales happen so often. Not some unicorn deal that very few people can actually get.

Of course, there is always subjectivity in valuation, and that is valid. And it can be very helpful to bring your subjective take because others may agree. But I think a key caveat is this:

Let say the market price of Doritos is $5:

- A sale for $2 would probably be slick because that is 60% off the market price. Even if you hate Doritos and value it at only $1, it wouldn't be helpful to say the deal sucks.

- A sale for $4.50 would probably not be slick because that is only 10% off. Even if you love Doritos and value it far above $4.50, it wouldn't be helpful to say the deal is slick.

Basically, advice for the median SDer would probably be the most helpful.


If you use Chase points for travel via airline transfers they're worth, the vast majority of the time, more than the 1 cent a point cash value you can get for them as cash.

Simple as that.

You can certainly debate how MUCH more. 1.5-2 cents is at the very low end of the typical range (which is probably why even Chase will give you 1.5c in the portal with the right card since you can typically match or beat that via transfers)... 6-8 cents tends to be the high end of the range for point-end-of-plane tickets... but either way the value is certainly higher than 1 cent a point.

So taking the points as straight cash is a flat out loss of value unless you never or very rarely fly or use hyatt hotels.
4
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Joined Feb 2011
L6: Expert
> bubble2 1,813 Posts
373 Reputation
egkr
06-29-2023 at 06:38 PM.
06-29-2023 at 06:38 PM.
Are people gonna pounce on me if I say gift cards?..... how much would these points be worth?
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Joined Dec 2015
New User
> bubble2 5 Posts
10 Reputation
tntxplode32
06-29-2023 at 06:53 PM.
06-29-2023 at 06:53 PM.
As a person typically having a Chase UR balance around 200k ($2k) I would never cash them out. I get too much value out of transferring points to Hyatt.

My prime example I've done for two years is booking a 3 night Hyatt stay for Indy 500 weekend where my cash total would have been $1,400 but it was 29,000 points.

If you aren't using points for travel and have millions of points cashing out and collecting interest makes sense. If I had millions it would be tough to redeem points for travel in a timely manner and miss out on "free" cash.
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Joined Sep 2008
L10: Grand Master
> bubble2 7,652 Posts
728 Reputation
DogAndPony
06-29-2023 at 06:56 PM.
06-29-2023 at 06:56 PM.
Quote from tntxplode32 :
As a person typically having a Chase UR balance around 200k ($2k) I would never cash them out. I get too much value out of transferring points to Hyatt.

My prime example I've done for two years is booking a 3 night Hyatt stay for Indy 500 weekend where my cash total would have been $1,400 but it was 29,000 points.

If you aren't using points for travel and have millions of points cashing out and collecting interest makes sense. If I had millions it would be tough to redeem points for travel in a timely manner and miss out on "free" cash.
Agreed. Hyatt transfers are really my go-to. I've gotten some insane redemptions over the last couple of years.
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Joined Dec 2015
New User
> bubble2 5 Posts
10 Reputation
tntxplode32
06-29-2023 at 07:05 PM.
06-29-2023 at 07:05 PM.
Quote from DogAndPony :
Agreed. Hyatt transfers are really my go-to. I've gotten some insane redemptions over the last couple of years.

Hyatt points on popular weekends, during big events, or holidays have very good value. Especially the sneaky good category 1-3 hotels near bigger cities. I don't redeem UR unless I get 3 cents per point or more.
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