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Edited May 16, 2025
at 09:28 AM
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Earn 100,000 bonus points after
$5,000 in purchases in your first
3 months from account opening with the
Chase Sapphire Preferred® Card. Annual fee is $95.
Card Details:
Earn 1000,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Enjoy benefits such as 5x on travel purchased through Chase TravelSM, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase TravelSM
10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
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Rates & Fees
Read our review on the
Chase Sapphire Preferred® Card
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$1000 cash back less:
- $95 annual fee
- $50-100 opportunity cost for spending $5000 on a card that only gives 1%cb when you could have gotten 2-3%cb.
Still over $800 tax-free profit. Not bad at all.
Considering it. I have one more application before I hit chase 5/24, then wait for a boosted amex gold or platinum bonus.
Any 0% apr period on this?
Will they treat a tax payment at pay1040 as a cash advance? Most credit card vendors treat it as a purchase.
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Right now I'm paying directly from checking for utilities to save on fees. Same with mortgage. That would mean paying the CC fees but then again only do enough to meet the spend shortfall.
But I checked Amazon gift cards and I don't see any fees for paying for $1k in a gift card. If that's the case, it looks like Amazon gift cards are the way to go. Anyone see a problem with this?
Freedom Flex is prob. your best downgrade after the 1 year goes by-- note however Chase requires you hold an annual-fee card of some kind to be able to transfer points to most travel partners (which is by far the best value for those points).
So you'd need to either have already transferred the points before downgrading, or have opened or planned to open, another paid chase card to use them for transfers in the future.
You could also potentially UPgrade to the Reserve, which if you travel a decent amount might be a better card on an ongoing basis- especially if you can use ALL the credits it's actually a money-maker... ($550 AF-- but you get a $300 travel credit, another $120/yr in Lyft credits, $300/yr in Doordash credits)... (even putting half value on the DD credits gets you slightly ahead of the AF)
Correct- the open/close dates aren't really relevant- only the "received your last sapphire SUB" date- so you passed 48 months in March of 2025 on that and are thus eligible for another.
On that note, what are popular ways to spend $5k? I'm pretty frugal so based on my last 3 months, it might tough to make $5k. And that would require shifting all my other CC spends to this new card.
Give it to my wife, she'll blow thru 5k in a month.
I believe IRS uses https://www.pay1040.com/ OR https://www.officialpay
I believe it does. From the terms page: Purchases do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.
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On that note, what are popular ways to spend $5k? I'm pretty frugal so based on my last 3 months, it might tough to make $5k. And that would require shifting all my other CC spends to this new card.
Two birds with one stone. Find a checking and savings accounts to sign up for and get a welcome bonus. A lot of them allow $500 to $2000 to be deposited from your credit card.. Just make sure it counts as a purchase.
DoctorOfCredit website denotes which sign up bonuses you can also do credit card deposit
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.
https://creditcards.cha
Super weird since I have a Chase Freedom Unlimited that I've had for years that they refuse to raise above a $500 limit.. hahahahaha
DoctorOfCredit website denotes which sign up bonuses you can also do credit card deposit
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