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UPDATE: This offer was only live for 2 days and was then pulled. I am not 100% sure why, but was told that the $2,000 spend will be back in a few weeks, so no worries!
If you read other travel blogs or follow me on Twitter, you are probably already aware that the Chase Sapphire Preferred credit card offer has changed. The offer of 40,000 bonus points has stayed the same but the minimum spend to earn these bonus points has decreased from $3,000 in 3 months to $2,000 in 3 months. For those who have been holding out due to not being able to meet the minimum spend, hopefully this slight enhancement will allow you get those extra bonus points. This is currently the base Chase offer to earn Ultimate Reward points with the lowest minimum spend required. (update: it is now $3,000 minimum spend in 3 months)
Last week it was known that this offer was changing ever so slightly and I warned you all that the “sky is not falling!” At least this is what I was saying on Twitter. While I was hoping for a bigger enhancement, I am glad the offer only got better and not worse. For those that applied for the card in the past 90 days and would prefer the lower minimum spend, send Chase a secure message requesting for the better offer. A friend of mine did this yesterday and was immediately denied, so I am curious to hear if any of you were successful – please let me know!
For those that are newish to the blog and aren’t quite aware of the benefits of this card, here you go:
- Earn 1 point for every dollar spent
- Earn 2 points for every dollar spent on dining, airfare, and hotels
- Earn a 7% annual bonus on all points earned (possibly even including the 40,000 bonus points, but that might change this year)
- Transfer your points 1:1 to United, British Airways (can use on American as well), Southwest, Hyatt, Priority Club/InterContinental, Marriott, Ritz Carlton, and Amtrak. No cost to transfer your points and points are transferable throughout accounts
- Use your points to redeem for free travel with their travel booking services. This allows you to pay for anything travel related (car rental, cruises, etc.). There are no black out dates and you can earn frequent flyer points for the selected travel reward program. You will get a 25% bump when redeeming in this type of travel. Therefore, 1 point = 1.25 cent towards the purchase of your travel. This means that 40,000 points is equal to a cut and dry $500.
- Card Benefits:
- Travel Insurance – When making travel purchase with this card you will receive: trip cancellation insurance, auto rental collision damage, travel accident insurance, and lost luggage reimbursement
- No Foreign Transaction Fees – With the preferred card there are no transaction fees when using your card internationally. This is a huge benefit as some cards charge up to 3% in fees.
- Introduction to Chase Ultimate Rewards Program
- Maximizing Chase Ultimate Rewards with Chase Freedom
- Downgrading your Chase Ultimate Rewards Card to Avoid the Annual Fee
- Best Redemption for Chase Ultimate Reward Points – Hotel Stays
- Best Redemption for Chase Ultimate Reward Points – Air Travel
- Chase Sapphire Preferred vs. Chase Sapphire
- Chase Ultimate Rewards: Sapphire Preferred vs. Ink Bold
- Top 10 Chase Ultimate Reward Questions
- Chase Sapphire Preferred: Get 40,000 points after $3,000 spend in 3 months; $95 annual fee waived the first year.
- Chase Ink Bold card: Get 50,000 points (25,000 points after your first purchase and another 25,000 points after you spend $10,000 within the first 3 months); $95 annual fee waived the first year. Learn more about this card.
- Chase Ink Plus card: Get 50,000 points (25,000 points after your first purchase and another 25,000 points after you spend $10,000 within the first 3 months); $95 annual fee waived the first year. Learn more about this card.
- Chase Sapphire – 10,000 bonus points with $500 spend in 3 months; 2x points on dining, hotel, and airline purchases; no annual fee
- Chase Ink Classic – 25,000 bonus points (10,000 points after your first purchase and an additional 15,000 points after you spend $5,000 in the first 3 months); 5x points at office supply stores, internet, phone, cable tv; 2x points at gas stations and hotels; no annual fee
- Chase Freedom Visa – 10,000 bonus points with $500 spend in 3 months; 5x points on quarterly rotating categories; no annual fee. Learn more about this card.