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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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bank checking only. so that option was gone.
This section appeared about one day after the new credit card showed up in Chase App. It is between "Spending planner" and "Refer a friend".
You really need a new tax guy if he's that ignorant- scary to think how many other basic things he's also getting wrong.
https://www.irs.gov/payments/pay-...redit-card
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Which is what you should be doing, not cancelling the old card, since you also get your AF prorated back to you, and get to add another useful card to your collection with a freedom (or another freedom or flex)
Which is what you should be doing, not cancelling the old card, since you also get your AF prorated back to you, and get to add another useful card to your collection with a freedom (or another freedom or flex)
You don't need another freedom unlimited- since it's 1.5x on everything with no limit.
You probably DO need a Freedom or Freedom Flex (5x on $1500 spend per quarter in common rotating categories- plus 3x on dining, online grocery, and drugstores for the flex on top of that). Even if you already have one a second gets you another $1500 cap to use (and you can move that spend to other quarters via gift cards for most categories).
Edited to add explanation on what I mean with the GC thing... lets say the quarterly category is gas stations. But you don't spend more than $1500 in a single quarter. You instead max out the $1500 limit on all your (non unlimited) freedom cards by buying gas station gift cards (or, esp. for gas stations, many sell gift cards to OTHER places too). You still get the 5x on all that spend, even if you use the gift cards in a later quarter.... and you can do the same for a quarter where they include warehouse clubs, or grocery stores, etc...
You probably DO need a Freedom or Freedom Flex (5x on $1500 spend per quarter in common rotating categories- plus 3x on dining, online grocery, and drugstores for the flex on top of that).
It's refunded if you cancel within 30 days of AF posting (I think it's technically like 41 or something) but it's always prorated for a downgrade-- but the internet seems to generally think it's prorated beyond that if you downgrade later-
https://www.reddit.com/r/CreditCa...ee_i
https://travel-on-points.com/annu...ank/#Chase
But I've no personal data points on this (I will sometime in the next 4-6 weeks I suppose since I downgraded my CSR outside 30 days for this deal).
Possibly someone else who did this recently (but not as recently as I) has current info?
Either way downgrading is generally better than cancelling for the spending cap reasons, extending avg. age of credit, keeping utilization overall low, etc...
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