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Chase Sapphire Preferred 80000 bonus sign up

+36 Deal Score
44,885 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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Deal
Score
+36
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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 2011
L6: Expert
> bubble2 1,813 Posts
373 Reputation
egkr
06-29-2023 at 09:11 PM.
06-29-2023 at 09:11 PM.
Quote from Knightshade :
Normally gift cards would be even worse than taking the points as cash (which is 1 cent a point), since if you took the cash you could buy the things with cashback cards and get 2-5% back on the spend and pay them off with the points redeemed as cash.


Once in a while they have a 10% off sale, at which point they're possibly as good or slightly better than cash, as long as it's for things you don't care about having any credit card protections (since you don't get them buying things with gift cards).

Thanks 👍
4
Reply
Joined Jan 2008
L5: Journeyman
> bubble2 690 Posts
94 Reputation
theplayer
06-30-2023 at 04:19 AM.
06-30-2023 at 04:19 AM.
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.
I would love to transfer to Hyatt more, but we primarily vacation in Europe and like to choose a room with a view, mostly sea/ocean. You can only book a standard room with points, or am I missing something?
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Joined Feb 2014
L1: Learner
> bubble2 22 Posts
14 Reputation
m321321
06-30-2023 at 11:37 AM.
06-30-2023 at 11:37 AM.
Quote from NMIMW :
Are you confusing the [up to] 75k referral bonus with sign up bonus?

Earn up to 75,000 bonus points per year
You can get 15,000 bonus points for each friend who gets the Chase Sapphire PreferredÂŽ Credit Card.
Same issue here..
Reply
Joined Sep 2005
L3: Novice
> bubble2 146 Posts
14 Reputation
reno6
06-30-2023 at 12:50 PM.
06-30-2023 at 12:50 PM.
Are these insane points value only achievable with business/first class? We regularly only fly coach for travel because we have a family of 4. Redeeming coach RT tickets via transferring points to airline miles almost always cost more than buying off UR website at 1.25c per point.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,360 Posts
4,346 Reputation
Knightshade
06-30-2023 at 12:59 PM.
06-30-2023 at 12:59 PM.
Quote from reno6 :
Are these insane points value only achievable with business/first class?
If you mean the 4-8 cents a point stuff? Yeah mostly just biz/first.


Quote from reno6 :
We regularly only fly coach for travel because we have a family of 4. Redeeming coach RT tickets via transferring points to airline miles almost always cost more than buying off UR website at 1.25c per point.
Where are you seeing that?

It should be trivially easy to beat 1.25 cents a point with airline transfers even in coach though you're talking mostly getting 1.5-2.5 cents tops that way... (and 2-2.5 cents for Hyatt hotels is pretty common via transfers)
Reply
Joined Dec 2010
L5: Journeyman
> bubble2 822 Posts
143 Reputation
specsation
07-02-2023 at 04:35 PM.
07-02-2023 at 04:35 PM.
If I currently have the CSR, do I need to cancel it first before I apply for the CSP online in order to get the bonus?
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Joined Aug 2007
L3: Novice
> bubble2 281 Posts
122 Reputation
Pro
ice935
07-02-2023 at 04:53 PM.
07-02-2023 at 04:53 PM.
I'm so annoyed all these credit card companies are changing it to 48 months for sign up bonuses. It's been at 24 months the past 10 years - citi premier just changed as well
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,178 Posts
511 Reputation
Pro
Fanime
07-02-2023 at 06:06 PM.
07-02-2023 at 06:06 PM.
Quote from specsation :
If I currently have the CSR, do I need to cancel it first before I apply for the CSP online in order to get the bonus?
Cancel and wait a month or product change down to a freedom and wait 5 days.
1
Reply
Joined Jan 2008
L5: Journeyman
> bubble2 690 Posts
94 Reputation
theplayer
07-03-2023 at 04:51 AM.
07-03-2023 at 04:51 AM.
Quote from BGRT :
Good job collecting the points... but someone needs to mention that keeping points unused is essentially giving Chase a 0% interest loan on the cash value. 40M points is 400k converted to cash, and with MM paying 5%, you're losing 20k worth of interest annually.

Everyone values luxury differently, but for me, the marginal benefit of a business class flight for example isn't 3x that of an economy flight. Similarly when you visit a city, you can spend 3x as much on a hotel but you're typically not going to a destination for the hotel. These are the two things that you can spend UR points on. Local experiences requires cash and if I splurge that's what I'd splurge on.
marginal? Are you serious? Lay flat seats on long international flight is not marginal. We started using J 6 years ago and no way we could go back to coach on a long flight, just not happening.
Reply
Joined Nov 2008
L7: Teacher
> bubble2 2,981 Posts
246 Reputation
automated
07-03-2023 at 05:36 AM.
07-03-2023 at 05:36 AM.
We've got a Preferred under my wife's account. Going to upgrade to Reserve under my account (again) and move her points over, what's the best sign-up they've had for CSR?
Reply
Joined Nov 2010
L6: Expert
> bubble2 1,724 Posts
471 Reputation
BGRT
07-03-2023 at 09:57 AM.
07-03-2023 at 09:57 AM.
Quote from theplayer :
marginal? Are you serious? Lay flat seats on long international flight is not marginal. We started using J 6 years ago and no way we could go back to coach on a long flight, just not happening.
Marginal benefit is a term used in economics. It's not what you think it means.
Reply
Joined Sep 2009
L10: Grand Master
> bubble2 15,360 Posts
4,346 Reputation
Knightshade
07-03-2023 at 10:03 AM.
07-03-2023 at 10:03 AM.
Quote from automated :
We've got a Preferred under my wife's account. Going to upgrade to Reserve under my account (again) and move her points over, what's the best sign-up they've had for CSR?

Best ever for CSR? 100k... but not for over 5 years now... bonus has been in the 50-60k range for almost that entire 5+ years since, though there was a few months of 80k last year
Reply
Joined Jan 2016
New User
> bubble2 2 Posts
10 Reputation
sunjit
07-03-2023 at 03:54 PM.
07-03-2023 at 03:54 PM.
Any insight on why request has been denied
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Joined Dec 2019
New User
> bubble2 1 Posts
10 Reputation
CalmMice2265
07-05-2023 at 03:17 PM.
07-05-2023 at 03:17 PM.
"Thanks for your request. Unfortunately, we couldn't approve your application. We'll provide more detailed information explaining our decision by U.S. mail in 7 to 10 days."

For the record, my last Sapphire Preferred bonus was May 2019. I product changed to a Freedom Unlimited this morning then got the denial message signing up for this 80k bonus.
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