Update 3/19/19: Some readers have been able to successfully match to this higher point bonus. Because the annual fee is not waived in this deal and it was waived in the previous deal Chase isn’t calling it a bonus match, but they are offering some people courtesy points of 10,000 with the annual fee still waived. Obviously this is YMMV so if you don’t get the match/points courtesy just move on.
Also worth checking to see if you’re eligible for the 70,000 bonus before applying for this 60,000 point offer.
Update 3/18/19: As promised this offer is now available online. The deal is showing up for myself (Will) but not Chuck, so you might want to try opening it incognito mode if it’s not working for you.
The Offer
- As rumored Chase has changed the sign up bonus on the Chase Sapphire Preferred to 60,000 points after $4,000 in spend within the first three months. The annual fee is not waived
The Fine Print
- $95 annual fee, not waived first year
- No foreign transaction fees
- Primary car rental insurance
- This card earns at the following rates:
- 2x points per $1 spent on travel and dining at restaurants
- 1x points per $1 spent on all other purchases
- Transferable points
- Redeem points on Chase’s travel portal at a value of 1.25¢ due to the 25% travel redemption bonus
- Not eligible if you’ve received a sign up bonus on the Sapphire Preferred/Reserve in the last 48 months (standard is now 48 months)
- Chase 5/24 rule applies to this card
Our Verdict
Previously the bonus on this card was 50,000 points with the $95 annual fee. Given that points are worth a minimum of 1¢ when redeemed for statement credit this bonus is at least $5 better. For most people the bonus is even better than that as most get more than 1¢ in value from either transfer partners or by using the Chase travel portal (points are worth 1.25¢ with this card or 1.5¢ if you hold the Chase Sapphire Reserve). The main problems with this offer are the 48 month rule and 5/24 rule. Some people will find the Chase Sapphire Reserve better value even with the high annual fee due to the other benefits it provides.
That being said if you’re under 5/24 and prefer the Sapphire Preferred to the Sapphire Reserve then this is the best offer I see Chase offering in the short term. Because of that we will be adding this to our list of the best credit card bonuses. If you have any questions about Chase cards, I’d recommend reading this post first as chances are they have already been answered there.
Hat tip to Miles Talk
I just signed up for it. It’s now up to 100k in sign up points, which translates to $1k in cash or $1250 if redeemed for travel. All other aspects of this offer remain unchanged. Wow.
Anyone gotten their card yet? I applied and was instant approved for the CSP 7 days ago. I wonder if they’re having a delay due to demand.
Hi, does anyone remember the last time the CSP was 80k (if ever)? Would love to apply, but am hoping to buy a house sometime next year and don’t want this to be a problem. Was hoping it’s something they do once a year or so.
Thx!
How does the 48 month rule work. From the date you apply or meet the minimum spend. P2 last Sapphire bonus was 11/8/2016. Do we have to wait until after that to apply?
Thanks
Received below and this deal has been extended to Dec 2nd! Looks like 80k’s gonna be a regular bonus from now on
Subject: You’re Preapproved! Earn 80,000 Bonus Points With This Limited Time Offer
….
…
Thank you for being a valued Chase® customer. We invite you to apply for our Chase Sapphire Preferred® credit card. Apply by December 2, 2020.
i really hope it extends further into december. my 48 months is december 15th.
Applied for Sapphire for 80K bonus. Not instant approved…said they needed longer, followed by email that they’d let me know by US mail and would take up to 30 days! Does this usually mean I won’t get approved? I’m only 2/24 FICO 833. Difference from previous appl elsewhere is I just retired so had to check income “other” (they had no “retired” choice). Are they often asking for income verification? I should have just put this year’s income since my tax filing will still reflect from employment, but didn’t b/c of DP’s that suggested they could ask for pay stubs which wouldn’t be recent enough (though W-2’s would still be ok). I don’t want to wait 30 days…have to pay large bills due before 30 days that I’d need for 4K spend. Comments?
Just call their reconn line. I called yesterday after 24 hrs of application and got approved without providing anything, apparently they just need to manual approve.
Thx. I’ll try it — I’m sure it’s because of not putting employed as source of income. I should have assumed past income (not future income) from wages since I could provide docs of W-2/tax returns. Just now transitioning to retirement but don’t have any distributions or s/s set up yet nor do I want to just to satisfy a credit card app. Tempted to reapply in spouse name and use 2020 income from wages but I thought I saw somewhere that Chase is now asking for verification docs (and would have to cancel other appl — can’t spend 8K in 3 months!) Did they ask you for income verif. docs?
Jay…called the reconn line. It had nothing to do with my credit/salary or such. They said my application had a completely different address, not even same state, and since it didn’t match my CR, was going to be denied. Had to be sent to fraud department, and they were able to correct my address, verify everything, and give me approval. Also expediting sending the card express mail.
Has anyone experienced this? I fear that some scammers are somehow intercepting applications, putting in their own address, and hoping to be mailed a card…maybe they’d get lucky and the credit card provider doesn’t care that address doesn’t appear on CR or they’re stupid. I vote for the latter.
DP: Applied for Chase freedom unlimited on 09/10/2020 approved got the bonus, was approved tonight for CSP 80K offer I used the bankrate cardmatch tool which gave me better offers than the Creditcards.com and thepointsguy.com cardmatch tools so maybe try bankrate before the other sites?
I got my CSR bonus on 11/15/2016 and have since cancelled the card. I’m currently 4/24. Would I be able to get the 80k bonus if I applied on the 11/7? Will Chase approve me and NOT give me the bonus after all the spending requirement is met?
Applied last week for Sapphire Preferred and auto denied. Sitting at 2/24, credit score in mid 700s, only 4 open cards (none with Chase) and near 6-figure income. Rejection letter stated denial due to Chapter 7, filed in March 2011. Called recon line today, and after review, same decision. I figured that, given the bankruptcy will fall off in around 6 months, they might be lenient. The phone rep seemed pretty insistent that any mention of bankruptcy on your report practically guarantees denial, so guess I’m either waiting a few months to try again, or maybe go with another option in the Amex or Cap One family.
DP: I hold an active Chase Sapphire card from 7 years ago (regular, no annual fee card) and was denied via online application. Credit score >800, well outside of 5/24 since I’ve been gearing up for another round of Chase bonuses after a long drought.
My partner also holds this card from > 2 years ago, 750 credit score, also well outside of 5/24 and was told this was the reason she wouldn’t qualify when she went in-branch to apply today.
I guess we’ll be closing these accounts so we can apply again later if the bonus is still around. These are among our oldest accounts we hold open, so we’ll see if forfeiting the account age as a credit score factor will be worth it. Assuming the answer is “yes” given we’re well above 700 at this point.
downgrade the cards to Freedoms and you don’t lose the account history.