Link: Chase Sapphire Preferred 40,000 Point Bonus
The best current offer is to the Chase Sapphire Preferred with a 40,000 point bonus after spending $3,000 within 3 months.
A few days ago, there was an envelope in the mail.
It was thick and white. Was it the envelope that I’d been waiting for?
I ripped opened the envelope and inside was Emily’s new Chase Sapphire Preferred card with a 50,000 point sign-up bonus!
I’ve received a lot of email from readers sharing their success (thanks for sending those in!) with the 75,000 AAdvantage offer and asking me if there were any other credit cards which offer similar large sign-up bonuses.
In my opinion, the next best card – for sign-up bonuses – after the 75,000 AAdvantage mile cards is the Chase Sapphire Preferred card with a 50,000 point sign-up bonus.
Chase Sapphire Preferred With 50,000 Bonus Points
The Chase Sapphire Preferred card gives you 50,000 bonus points after $3,000 is spent within the first 3 months! The $95 annual fee is waived in the first year.
What Can You Do With 50,000 Bonus Points?
1) Use Points Within Chase’s Ultimate Rewards program
There are 2 ways to redeem points within the Ultimate Rewards program.
Non-Travel Redemption:
- You can get a value of 1 cent per point or $500 if you use your bonus points towards a purchase on your Chase Sapphire Preferred card.
- For example, you made a purchase of $200 at Target. You can redeem 20,000 bonus points and get a $200 credit on your credit card statement.
- This is an okay value, but isn’t how I’d use the card. In effect, you’re getting $500 for 1 credit inquiry on your credit report.
Travel Redemption:
- You get a 25% bonus if you redeem your points towards a flight, hotel, cruise or other travel through Chase’s Ultimate Reward program.
- For example, if you redeem 50,000 points towards travel, you will get a value of $500 + a 25% bonus ($125) for a total of $625.
- This is a slightly better value, but, again, wouldn’t be how I use the card. In this case, you’re getting $625 for 1 credit inquiry on your credit report.
- This may be of use for those who aren’t interested in fancy hotels and just want to save money on travel.
Ultimate Rewards Summary: I wouldn’t use the 50,000 bonus points to redeem for non-travel rewards unless I was really interested in non-travel rewards – which I’m not since I write a miles and point blog. 
However, using the 50,000 bonus points on travel rewards through Ultimate Rewards may be fine if I just want to fly within the US in Economy class. That’s because you can likely get a better value for hotels and international flights if you transfer the points to select partners.
2) Transfer Points at 1:1 Ratio To Partners
I see great value in some of these options, because you can transfer your points to select airlines and hotels. You could transfer 50,000 points or miles to:
- British Airways
- Continental Airlines
- Hyatt
- Mariott
- Priority Club
- Amtrak
British Airways (BA): You can use 40,000 BA miles to fly in Economy class from the US to South America or use 50,000 miles from the US to Asia in Economy class round trip.
Continental Airlines: Continental miles will soon become United Miles. Here is the Continental Airlines award chart and here is the United Airlines award chart. United offers 1-way award bookings as well.
Hyatt: 50,000 Hyatt points will get you 2 nights + 6,000 points left over at some of the top Hyatt hotels such as the Park Hyatt in Paris and the Maldives (which otherwise would have cost ~$2,000 for the 2 nights).
We plan on transferring Emily’s points to Hyatt and using them at the Park Hyatt in Paris, because there’s no way we could otherwise afford to stay here!
Check out Hyatt’s award chart here. Category 3 hotels are only 12,000 points, so you could redeem 48,000 points for 4 nights. And if each night cost ~$200, you’d get a $800 value!
Category 1 hotels are only 5,000 points so you could get a 10 night stay with your 50,000 bonus points! That’s a $900 value at $90 per night!
Mariott: Mariott’s award chart is here. There might be some good value here depending on where you are staying.
Priority Club: Transferring your 50,000 bonus points to Priority Club is a BAD idea, given that you can buy 1 Priority Club point for 0.6 cents per point by using the cash & points trick!
You would get only a $300 value if you transferred 50,000 bonus points (50,000 points X 0.6 cents) to Priority Club.
Amtrak: You can also redeem your points on Amtrak!
By transferring your points wisely, you could get a $800 to $2,000 value for 1 credit inquiry on your credit report.
Transfer Summary: You can get great value (say $800 to $ 2,000) by transferring your 50,000 bonus points to Hyatt or Marriott and then redeeming for hotel nights.
That’s because it is fairly easy to redeem points for hotel nights which cost more than the $625 in travel credit you would otherwise get for redeeming through the Chase Ultimate Rewards Program.
Also, don’t forget to check out the airline values on Continental and British Airways.
For example, if a ticket costs more than $625, but can be booked by using Continental or British Airways miles, you would be better off if you transferred the miles to Continental or British Airways and then booked an award ticket!
Don’t forget to include the taxes and surcharges in your calculation when you calculate the benefit of using miles to book your ticket!
Additional benefits of the card include:
- No foreign transaction fees
- You earn a 7% (point) dividend on all points earned in a year
- You earn 1 point per $1 spent on all types of purchases, 2 points for travel booked through the Ultimate Rewards, and could get upto 10 points for purchases through the Ultimate Rewards shopping center.
Update: Gary Steiger points out in the comments (Thanks, Gary!) that the 7% bonus is based on a calendar year, so you will get an additional bonus of 3,710 points (7% on the 50,000 bonus points and 3,000 minimum spend requirement) if you keep your card until February or March of the next year!
If you do decide to apply, keep in mind that the bonus is only for first time Chase Sapphire Preferred cardholders. Chase is very strict about NOT giving the bonus to prior cardholders. By this I mean, that if you had a previous Chase Sapphire card and cancelled it, Chase is unlikely to give you the bonus again.
You should also know that sign-up bonus on this card was only 25,000 points a few months ago. Given the trend toward mega-bonuses, there may be a chance that the bonus on the Chase Sapphire Preferred card is increased.
Update: There was a targeted offer for a 100,000 bonus points. We wrote to Chase asking for an additional 50,000 bonus points and we got them!
Bottom Line:
You could get a better value by transferring your 50,000 bonus points to hotel and airline partners and then redeeming for hotels or flights.
Link: Chase Sapphire Preferred 40,000 Point Bonus
How would you use 50,000 Chase Sapphire Preferred bonus points? Tell us about it in the comments.
Don’t forget that each comment made, on any entry in the blog, up to 7:00 pm CST on June 21, 2011 gets an entry into a drawing for a free TrackItBack luggage tag set worth $50!
For an additional entry, sign up to receive free blog posts via email by 7:00 pm CST on June 21, 2011! You’ll only get 1 email per day filled with the latest tips on earning miles and points and you’ll also be entered in the random drawing.
* If you liked this post, why don’t you sign-up to receive free blog posts in your email (only 1 email per day!) or in a RSS reader …because then you’ll never miss another way to learn about great bonuses on credit cards.
Disclosure: You should know that I get a referral from Chase if you apply for this card using the link in the post. Emily and I very grateful to you for supporting the blog by applying through our link!
I have earned and redeemed millions of airline miles and hotel points to travel the world for free. Now I'm blogging to help more people do the same! 
I, too, just received the sapphire preferred. I’m fairly new to the game and needing to buy to RT tickets to Barcelona for Sept. Saving points for a bigger trip next may with family. Should I book the tix thru Ultimate Rewards?
I plan on transferring the 50,000 to Continental. Does UR ever have a transfer bonus?
Another Great and easy to understand analysis. You are so talented at this!
I plan on including this card on my next churn. As for awards, perhaps use it at the Paris Hyatt. I could combine it with my 2 free nights from the Chase Hyatt card for a total of 4 nights. Sweet!
@Kim - I got your email with your questions and will reply to you this evening. I’ve never heard of Ultimate Rewards having a transfer bonus, though. If you book the tickets through Ultimate Rewards you will get the 2 points per $ spent, plus the regular miles you would have earned on the flight.
I wouldn’t be in a hurry to transfer the points to a partner, unless you knew that you were going to use them soon. But since Continental will soon be United, and you can’t (yet) transfer Sapphire points to United, transferring to Continental (and then to United) may be okay.
@alohastephen - 4 nights in Paris sounds great! Don’t forget that you can get double the points by having your other family members sign-up for the cards as well (if possible)!
Thanks. Another success story. After 2 failed applications, I finally followed your advice and called the reconsideration line of 888-270-2127 (different from your suggested number). Immediate answer and after some pleasant verification of income etc, and discussion of credit lines with other Chase cards (BA) within 5 minutes I had the approval. Agent told me FICO score had nothing to do with consideration (which was a new one for me), only the number of recent applications for cards.
Do you have to transfer the entire 50,000 points at once, or is there a minimum amount you can transfer to one of their airline partners?
its not true about past recipients NOT getting 50K points ; I wrote them secured mail from the Chase site and insisted I be given the ‘better offer’ and additional 25K points to my Sapphire account ; after 3 emails back and forth, I was finally given them….now my total is 50K instead of the 25K I had applied for a 90 days ago……be persistent, to the point, and above all…be SINCERE when addressing the reps……and you shall be rewarded!
Kim, if you are flying to Barcelona, airfarewatchdog’s blog posted a $350 round trip fare from Boston to Madrid with all taxes included. Prices are a little more for Barcelona, but still worth paying with cash rather than miles in my opinion.
Another great property is the Palacio Duhau-Park Hyatt in Buenos Aires. This is a category 5 hotel so you’ll need 18,000 points per night for a standard room. If you took advantage of the 100k miles BA offer, then you can get 2 tickets to EZE on AA for 80k or use the miles and money option which sometimes makes sense. I booked 4 tickets DCA-EZE-DCA for January 2012 using 80k miles and $1,200. Good luck!
“You earn a 7% (point) dividend on all points earned in a year”.
That 7% applies to the bonus 50,000 and the 3,000 from the required spend, yielding another 3710 points. “Year” means calendar year. You can expect the 3710 to show up in your account around February or March of 2012, well in advance of when you have to pay the annual fee. You would then want to spend another $290 on the card to bring your total up to 4,000, as points transfer in 1,000 point increments.
I will be very interested in knowing whether or not you actually get the two nights at the Park Hyatt in Paris for 44,000 points.
Who is the babe in the picture. Emily? Lucky you.
So that’s how I can top off my CO/UA account for that award ticket!
@Doug – Congratulations on getting the card – that’s great news! Chase has a quite few different telephone numbers for their lending department, credit reconsideration, and business or personal card approvals.
@Jason – Sapphire points have to be transferred in increments of 1,000 points to partners.
@Ozaer N. – I was trying to say that if you’ve got the bonus ,say, a year ago, and cancelled the card and re-applied, you would then not get the bonus again. But you’re right that in general, you should ask for the higher bonus if you STILL have the card. I’ll edit the post to make it clearer!
@M - Thanks for the tip! I LOVE it when readers help each other out!
@Angel – The Palacio Duhau-Park is a great choice! You’re right, that the BA cash & points option is sometimes a better value. Enjoy your trip to Argentina!
@Gary Steiger - Thanks for the tip on the 7% bonus points! I’ll let you know if we end up going to Paris next year, but that is our plan. I have previously made a booking with my existing Hyatt points at the Park Hyatt in Paris, but had to cancel the reservation. , so I do know that reward nights in Paris are available.
Yes, that is Emily in the picture (I’ll edit the caption to make it clearer). I’m a VERY lucky man!
@David – That’s one of the ways!
I just did the app for the Chase Sapphire card and didn’t get an instant approval, but a “we’ll let you know within 10 days” type response. Is this normal? I also have the BA card (from the first 100k offer in 2010 and this year so far have gotten the Continental One Pass and Capital One Venture match (I matched the Continental miles). Credit score is still in the 780′s…makes me nervous to not get instant approval. LOL
@Tammy – We didn’t get an instant reply either, but got the same response as you . Afterwards, we got a letter explaining why we were not approved for the card. However, we called the reconsideration line and asked them to cancel a card so that we could get approved for our new card. I wrote more about that over here.
Thanks for the post! Awesome to know that it works for BA miles as well, which are far superior to AA. Redeemed BA miles for a Qantas flight a couple of years ago, one of the best flights ever!
@Peter - You’re welcome! I guess it depends on what you use your BA or AA miles for. BA charges fuel surcharges and has expensive awards to South Asia and Australia, but transferring Sapphire points to BA at a 1:1 ratio is much better than transferring to Hyatt and then to AA which is a ratio of 2:1 (or 50% less!).
I have a chase Sapphire card – not the preferred- and I did not get a bonus since I got the card as a change from the old program-
Can I get the 50,000 bonus points?
How do I get the 100,000 point offer?
Thanks.
@Israel Husarsky - I’m not sure whether you can get the Sapphire Preferred if you’ve already got the base Sapphire card. But you may have a better chance since you did not get any points for the Sapphire card.
Here’s what the terms say “If applicable, Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer or have received a similar bonus offer, may not be eligible for a second Chase credit card in the same Rewards Program, or for any bonus offer.”
I’m not a lawyer, but I see a lot of wiggle room in the above for Chase to deny you the bonus. If you can spare a credit inquiry, go ahead and apply. The 100,000 point offer was targetted and Chase is no longer providing an additional 50,000 bonus points as a match:(
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Hey Thanks for all the great tips. Today I received a 7/1/11 from you regarding Little Know Secrets about Ultimate Rewards Points and You gave an example about transferring points to a Continental One Pass accounts where a transfer of 50,000 Rewards Points became 90,000 Continental Miles. I called Case and asked about such a transfer and was told they hod no knowledge of a promotion giving such a bonus. The man I spoke to at One Pass was unaware of suck a promotion too. What is the promotion code please. Thanks in advance . David
@David Petersen - I’m sorry if I wasn’t clear in my post. There is no promotion to convert 50,000 Reward Points to 90,000 Continental miles ( I wish there was though!). I was writing about a way to transfer your Chase Sapphire Preferred points into someone else’s Continental account. There is no bonus available now.
I suspect that the posts re: the AA Visa (75000) miles are bogus. I just applied using your link, was nstantly approved, and called the # in your posts to confirm terms of the card. They said that they cannot “see” the terms for online applications…I even spoke to a supervisor who said the same thing. I called back later – got the same response. Until you receive your card# (2 weeks) there is no ability to tell what the rewards associated with that card are.
@Mary – I’m not sure I understand! Are you saying that you suspect that you won’t get 75,000 AA miles because you didn’t get verbal confirmation? A lot of readers have got the bonus here and also on the FlyerTalk thread!
what happens to Sapphire points if someone closes his Chase card prior to the annual renewal date so he will not get the annual fee charged?
@mike – I don’t have any personal experience with this, but would suggest that you transfer your Ultimate Reward points to a partner before you close the account so that you don’t risk losing them. The transfers take place instantly!
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I understand why hotels would be better with (or w/o) the point trick, as long as you are getting a better value than retail price. However, I am unsure how the BA or Continental would be better. Assuming I can use UR for 1.25% travel but only convert to these airlines on a 1:1 basis, unless the converted miles can be used for more than 1 miles for $ purchased, I am confused how Chase point conversion to an airline mile will yield a most efficient CPM… It seems that I am getting 25% more buying power with Chase UR rather transfer to an airline. Sorry if I am slow to understand.
@Lee – Generally the miles converted to BA and CO can be used at a greater than 1:1 value. For example, a business class ticket to europe costs 100K BA or CO miles, but will cost you about ~$3K to buy. Or a coach ticket to europe is 60k miles on CO, but will cost about ~$800 to buy.
But you’re absolutely right, that you should check how much value you’d get out of the transfer and consider the taxes and fees you’ll pay before you transfer to the airlines.
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If I apply for the Sapphire Preferred, is there another Chase card that offers Utlimate Rewards that you’d recommend that I apply for at the same time (using the 2 browser trick) in order to maximize rewards? Perhaps a biz version? Or a Freedom card that allows bonus conversion to Ultimate Rewards?
@Rick – The 2 browser trick doesn’t work with Chase. Chase will approve only 1 application online, but you can call and get the other application approved if you don’t have too many cards with Chase or if this is the first time you are applying with Chase. However, you may want to wait and not push very hard with Chase. Chase has a lot of good offers, and you don’t want to be blacklisted.
You could get the Freedom card and transfer the points to the Chase Sapphire Preferred, but I don’t see a very high return for this. The Chase Southwest card will give you ~$800 in free domestic US travel and may be another good option. Or you could consider the American Express SPG card which has a reduced spend requirement of $4,500 for 30,000 bonus SPG points.
It has been over 2 weeks and still no response. Automated status call has the same response “We received your application on July 22nd …. You will be notified of our decision in approximately 2 weeks” I spoke to a helpful CSR at Chase and she mentioned that they were incredibly backed up with applications. She wishes she could help further but there is no longer an “applications dept” that she could transfer me to.
@Kam – You may want to call the reconsideration line (888-245-0625) which can also approve your application.
I’m considering signing up for the Chase Sapphire Preferred Card. I’m doing this only to earn and use 2 free tickets on Southwest. I missed the other Southwest deal and need to find a card that will give me free tickets. I called the Ultimate Rewards line to ask questions, but they could not give me a straight answer. How far will the 50,000 points get you when redeeming southwest flights? The Ultimate Rewards desk told me they typically cannot get the lowest fare published on the Internet. So that makes me think the 50,000 points won’t go far if redeeming for “Anytime Fares” instead of “Wanna Get away” fares. Because I don’t have an account yet, they could not look for a flight and tell me how many points it would take.
@Darius I was actually approved when I checked back in with them. Thanks for the reminder. $10k credit line. Process took nearly 3 weeks.
@Leslie – I’m pretty sure the Southwest deal will come back. They had a similar offer a few months ago, and will likely have one again.
I tried booking a dummy trip using the Ultimate Rewards portal and didn’t see Southwest as an airline choice. 50,000 points will get you $625 worth of flights on any airline when booked through the Ultimate Rewards portal. If you need domestic flights, you could also try the 2 AA cards for 75K miles which will give you 150K points which should be good for anywhere from 3 to 6 domestic tickets.
@Kam – It took about 2 weeks for me.
Thanks Daraius, I hope the promotion comes back soon. I read on the Ultimate Rewards website, “In addition to the airlines listed on the website, Southwest Airlines is available through our call center”. So I’m still trying to determine if it’s better to sign up for this credit card or the SW one. I have many miles with other airlines, but Southwest is the only airline which flies to my destination non-stop. Maybe we’ll sign up for both
@Leslie – With the 50,000 point Southwest card you would have got $833 worth of travel less the $99 annual fee for a net benefit of $734 for Southwest travel at Wanna get away fare levels.
With the Sapphire you could get $625 towards travel (hopefully at the wanna get away level) or about ~$110 less than the Southwest 50,000 point offer. But the current Southwest card offers only 25,000 points which won’t get you as much travel as the Sapphire. Perhaps the best strategy is to apply for the Sapphire now, and get the Southwest card later on when they raise the sign-on bonus.
I have a chase sapphire preferred card and I looked at the booking tool and the interface for booking travel is the same one I had at my former job. It is a corporate travel agency engine called Travelstore and in my opinion it blows. As far as I could tell it was designed to conform to corporate travel policy rules, which is a lot different from looking for low fares. In other words it won’t likely find you many discounted fares (or any fares on discount airlines) or room rates and you can probably do much better by converting to points. I compared a car rental reservation that I had and it was almost twice the price.
I’m trying to understand why not to transfer Sapphire Preferred to Priority Club. What if I transfer some of the points to priority club and then use the cash+points? I was looking at 4 nights at a HI Express in Paris for 10,000 points + $40 per night. Is it better to transfer only 20,000 points +$60 per night? Or 5000 points and buy the rest using your finagle? The hotel is EU 140, or about $210, per night. If I could figure out a way to stay for 4 nights at the interncontinental for a similar cost I might.
That said, I wouldn’t necessarily rather stay at the Hyatt Vendome than at the HI express, since I hate getting tourist trapped for my myriad other expenses while in Paris, to the extent possible, and incidentals are ridiculously expensive at hotels in tourist areas (and 5* hotels anywhere). At the HIE with $+points, I can get 4 nights instead of 2. And, free breakfast! (although I might skip it if it is a Holiday Inn Express breakfast when I could be eating croissants and cafe au lait nearby)
@zzd – Thanks for the heads-up on Travelstore!
If you transfer the least amount and buy the points using the “Cash & Points” option you are paying only 0.6 cents per PC point. I value an Ultimate Reward point at more than 0.6 cents so I would prefer to buy the PC points and use Ultimate Reward points for something else. That said, I do understand that cash flow is important, so do what makes sense for you!
You could buy the 40,000 points needed to stay at the IC for $240 (40K X 0.6) using the cash and points trick.
I wouldn’t pay for breakfast in the Park Hyatt, but would do what you suggest at a nearby cafe! Bottom line – do what makes sense for you. And if you need PC points, you could consider applying for the PC credit card (there is an offer for 60K points) or you may want to check your email or sign up for PC email since they frequently send out 80K offers.
I didn’t find out about the Priority Club card until after I got the chase card, and I will consider applying for one of those at some point in the future. Regardless of the source of the points, after further analysis the HI express with 5000 pts + $60 seems to be the way to go, for a US$207 room. It costs 5000 points to save $147 (207 – 60), a value of $0.0
Thanks Mr. Secrets. I didn’t find out about the Priority Club card until after I got the chase card, and I will consider applying for one of those at some point in the future. The priority club promo seems to be very valuable for those who routinely stay in hotels in big cities, because the cash+points is a big savings in a place like NYC, Paris, etc where rooms that normally go for $200 can be had for $60. For me, this Paris trip is an unusual opportunity given family constraints. Most of the time we stay in a hotel, it is in Las Vegas or Reno, where it’s pretty easy to get a nice hotel for $40/night just surfing the internet. So the savings from a hotel card may be less dramatic there.
Regardless of the source of the points, after further analysis the HI express with 5000 pts + $60 seems to be the way to go in terms of maximizing point value using cash+points, for a US$207 room.
At the HI express it costs 5000 points to save $147 ($207 – $60), a value of $0.02794 per point.
Alternatively, using cash+points to stay at the intercontinental, where the room is $500, it costs 30,000 points to save $ 440 ($500 – $60), a value of $0.01467 per point.
Plus, given my cash flow limitations I’d like to stretch my cash and points as far as possible so it looks like the HI express for us. We are planning on staying the last night at an airport hotel before our morning flight home, and the CDG Hyatt looks like a pretty good use of chase points.
@zzd – Conserving cash flow always makes sense and it looks like you’ve done the math. Have a great trip!
how do you transfer the points to hyatt, BA, etc? – I do not see it any where on the site.
Cn I combine my wifes amd my UR points if our cards are to different accounts meaning two different SS NUMBERS AND LOG INS
can you do it for someone else’s hyatt, ba account etc/
thanks.
@Israel Husarsky – 1) Log in to the Ultimate Reward Portal
2) In the left column under “Use Points” click on “Transfer points to travel partners”
3) Click on any of the transfer partners to transfer your points.
You can’t combine points from your wife, buy you can transfer your points to, say, her Hyatt or BA account.
just saw it I was looking throught the freedom points portal so the transfer tab did not show up byt now I see it thru the preferred portal thanks.
I just met the spend requirements for the card and eligble for the bonus. Thanks for the detailed breakdown on options. Quick Q, is it necessary to transfer to CO immediately before it is fully absorbed into UA or is it fine to keep the points in the account? I am not traveling anywhere soon. Any minimum transfer requirements or multiples of points to miles?
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@Kam – I don’t know if Chase will continue the transfer option with United for sure. That said, Chase and United have a very strong relationship, so I’d expect the transfer option to move to United.
You can transfer any amount of points, and you can even transfer them into someone else’s account!
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Hi,
Can I apply and get approved for both CHASE SAPPHIRE prefered and the CHASE INK and get 100k miles for just one credit pull with 2 browser trick?
advice please. This year, or in the last 7 months, I have already applied and got approved for at least 4 cards, 2 AMEX CARDS and 2 citi cards.
my average credit score from 3 beauros right now is 730
@jimmy – If you don’t have any Chase cards you may be able to call in and get the second card approved. Tell them that you want to start a banking relationship with Chase etc. In general, it is very difficult to get 2 cards approved with Chase, but it may be possible if you have no cards with them. Your 2nd application will be denied and you will have to call in to get it approved – Chase has very good systems!
i have the chase freedom card since 2006, recently there was an offer of $250 for $500 spent for new chase freedom card, applied, got no instant decision, received letter in mail saying THEY CAN’T APPROVE ME FOR NEW CHASE FREEDOM BECOS ALREADY HAVE A CHASE FREEDOM CARD.
Need some advice. Have Sapphire preferred , will incur annual fee next week. retention wants to move me to regular Sapphire with no fee. Told if I cancel would not be eligible for 50K point bonus on reapplication. Did not offer any points. Anyone reapplyed and gotten bonus? Been chase card member for 16 years.
@jimmy - Chase doesn’t let you get the bonus for a second time unless it is a new card type.
@AJ - I don’t know of folks getting the bonus after cancelling and reapplying with Chase (unless it was a different card type), but perhaps readers do!
i already got approved for 4 cards this year already. can i still get chase sapphire prefered and chase ink bold for with 2 browser trick?
@jimmy – Are they 4 Chase cards? If so, it may be very hard to get 2 more. If you have only 1 or 2 other Chase cards you may be able to get another one, by calling in to the reconsideration department. You will get denied for the second application online, since Chase approves only 1 app online, but you can call in to the reconsideration line to get the other card approved.
I didnt get Auto approved , what number I should call to ?
Amod Jain – Call the reconsideration line (888-245-0625)
CSR supervisor to today gave me 7500 reward points to “pay annual fee” on renewal. Accepted as I didnt want to loose points and has no foreign transaction fees worth the $10 difference. Have no other chase cards so will wait for great bonus on other product.
@AJ – That’s a pretty good deal! Even at 1 cent a point, you got a $75 value. Thanks for sharing!
I GOT 2 AMEX CARDS, 2 CITI CARDS just few months ago.
i reapplied for chase freedom card for their $250 cahs bonus but received letter saying i already have chase freedom since 2007 which is true.
i should be approved for the chase sapphire prefered? the rewards points are $500 cash value right? should i apply for the chase INK as well cos that too gives $50k miles? 2 browser trick for chase ink and saphire perfered? same rewards right
i dont intend to keep them for long, just get the rewards and cancel a year later!
@jimmy – Congrats on the new cards! If you haven’t had the Chase Sapphire Preferred, you should be able to get the bonus on it again. The Chase Sapphire Preferred is actually a quite a good card to keep – no foreign transaction fees and double points on travel and dining. I would apply for only 1 Chase card every 3 to 4 months since Chase is very sensitive to the number of cards you have with them.
how about chase iNK AND CHASE SAPPHIRE PREFERED TOGETHER WITH 2 BROSWER TRICK? I CAN THAN GET $1000 IN GIFTCARD OR 2 $625 TRAVEL VALUE. WILL WORK?
I have been waiting for Chase sapphired prefered 100k miles $500 spent in mail, never recieving one
jimmy – If you already have Chase cards it is unlikely that you will receive a targeted offer. 2-Browser tricks don’t seem to work with Chase, but you may be able to get 1 business and 1 personal card, but it will be tough.
I applied for both Sapphire Preferred and Ink Bold on same day to get only 1 credit inquiry hit … no instant approval on either (Only 1 Chase BA card prior). The Sapphire Preferred was approved automatically in 2-3 days and Ink Bold was approved only after I called the reconsideration line and answered many questions about the “businesss”.
But important point is regarding the credit inquiries:
Both inquiries went to Equifax on same day, however 1 was from “Chase Bank” and other from “Chase Bank USA NA” so they were counted as 2 inquiries anyway! Additionally I have an extra inquiry from “First USA NA” 4 days later at Experion!! I can only explain this to be the day I must have called the reconsideration line for the Ink Bold.
Not happy about the last one at all, especially since all my recent CITI and AMEX inquiries have gone to Experion since June 2011.
i get inquiries non stop for full 7 days from all beuros again and again for my citi aadvantage cards
Hi, great site!
Just wanted to highlight that for British Airways from US to India, it requires either 90000* BA Miles or from 45000* BA Miles + USD475
So looks like, Continental is the best travel option.
You might want to update it above. Thanks again for all the info.
@Vaibhav Sharma – The BA award to Asia was referencing partner travel to the Far East (not Asia), but that is disappearing in a few days and the best option for travel to India then would be using United miles for Star Alliance flights.
Hi,
Thanks for your explanation.
The Chase Sapphire offer I have got is 50k points on FIRST PURCHASE (and not 3k$ in 3 months) which I guess is even better deal?
Also, had a question – I was trying to find the transfer to Continental/United link on UR (going through my Chase FREEDOM card) but was not able to. So is that transfer option only through Chase Sapphire preferred card?
@Vaibhav Sharma – 50K with the 1st purchase is a great deal! You can combine points from your Chase Freedom card to your Chase Sapphire Preferred account and then transfer them. If you don’t have the Sapphire Preferred or Chase Ink Bold you can’t make you can’t transfer your Ultimate Rewards points.
What are the chances the 100,000 pt offer comes back? Is it worth holding out if I don’t need the points right now? (I only have the Chase Freedom card presently)
Hi Daraius, how are you? I finally got approved for my first rewards card (Chase Sapphire Preffered) after trying several times for the Citibank AAdvantage (where I can not even be approved for the gold one). and i applied twice for this one from chase and the first time I was denied (due to several inquiries and high credit limit usage on other card). The thing is, when I got denied i had 13 hard inquiries and a high balance on another card, and now that I got approved, I had 16 hard inquiries and a 5k hight credit usage… thats just weird… I dont know how they approved me this time heheheh But im so happy. Thanks for all the tips
Would you say that booking airfare through UR is better regarding availability since you’re actually buying the ticket and you don’t have to worry about reward seat availability?
@Erik – The 100K offer was a targeted offer, but Chase was matching it to everyone for a few days. I wouldn’t count on it reappearing since the current AMEX bonuses are so much lower than Chase’s bonuses.
@Josinei – I’m great. How are you? Glad to know that you got approved!
@arjun – It depends. If you are booking domestic coach tickets, it may be easier to get them through the travel tool on UR, but the only way to get business or first class tickets is by transferring points to airlines and using those to book travel.
“the only way to get business or first class tickets is by transferring points to airlines and using those to book travel.”
I was looking at the UR site and noticed you can select economy, premium economy and business/first. If I want to book my business class ticket to Europe (on Air France), can I still use points to pay for the ticket? Also, if you’re not seeing a flight on UR that you know for sure is available and has open seats, can you call the UR customer service line and have them book it for you?
Did you ever get the annual fee waived after the first year? My first year anniversary is coming up. Both my husband and I both have the Sapphire card. I would like to keep the preferred card on one because of no foreign transaction fees but not sure about my husband’s card. Should I just switch to the chase sapphire card for him? Or did they ever waive the annual fee for the 2nd year?
Hey D!
Just wanted to let you know that I just got my 7% annual dividend bonus for the Chase Sapphire Preferred and it did in fact include the 50,000 sign on bonus! In total I got an extra 5,000 miles in Ultimate Rewards points between the bonus and spend since Sept. 2011. I know a lot of people were concerned the bonus wouldn’t be included in the dividend.
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Hey just curious, how many Chase credit cards do you guys have? I already have 4 and it seems like Chase owns a lot of the best credit card sign on bonuses. I am thinking about closing some of the ones I have out so I can make way for the new ones.
@kristin – You can use points, but it would take a LOT of points to get a business class seat! I’ve never tried booking a flight by calling in.
@Carol – Emily’s first year fee is due in May or June, but if it is not waived, I’ll cancel it and use her Chase Ink Bold to transfer points.
@Corinne – Congrats on the bonus. I’m waiting for Emily’s bonus to post.
@Joey – I have 4 Chase cards and Emily has 3. I wouldn’t close the cards, but would call the Chase reconsideration line and offer to negotiate or close a line to get approved for another card.
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I recently got this card, and points or not, I just love holding it
I was exploring the Ultimate Rewards website, and clicked on the “Transfer Points” link and then onto Hyatt. I noticed it was a 1:1 transfer and then there is an option to purchase a gift card for Hyatt and receive bonus points at a 10:1 ratio. So, for a $25 gift card for Hyatt, you get 2500 bonus points. I’m assuming these points get banked with my Ultimate Rewards and then I can transfer them to my Hyatt account with a 1:1 ratio? Does this seem like it’s worth it? I’m debating purchasing a $50 gift card to get the 5k points which will cover at least one night at a Category 1 (but that’s no fun, is it?!) I did receive a credit card “Anniversary Gift” from Hyatt last month for one free night.
@Anjum - I did the same thing and didn’t see the bonus points offer. A $25 gift card costs 2,500 Ultimate Rewards points, so are you getting the card for free after the 10: 1 bonus?
You logged onto your Ultimate Rewards, then clicked “Transfer Points” and then picked “Hyatt” and you didn’t see the offer? For me, it’s at the very bottom of the page, under the “Hyatt Hotels & Resorts Points Transfer” section.
No, the card is not free. I don’t think it’s purchased using points. My understanding is that you purchase the card for $25, $50 or $100 using the Chase Sapphire credit card. Once purchased, you are issued either 2.5k, 5k or 10k points (so it’s actually a 100:1 ratio, not a 10:1 ratio as I had previously stated). I’m assuming these are Ultimate Reward points which can then be transferred with a 1:1 ratio to Hyatt. And I wonder if purchasing the gift card qualifies as a travel purchase in which case the purchase itself will yield a 2:1 ratio. I hope I am making sense! Do you think purchasing the gift card for the bonus points is worth it?
Here’s the cut and paste for the offer:
Rewards Name:
$25 Hyatt Certificate
Item Number:
GHYATT0025
Description:
Discover a place that opens your eyes.
At Hyatt, we believe a great hotel should offer more than a good night’s sleep. It should create an environment that awakens your senses. It’s one of the many intangible qualities you’ll experience at every Hyatt.
You’ll find it in the subtle details that give each of our hotels and resorts a personality all it’s own ? as unique and different as its location and surrounding.
Come enjoy the many Hyatt experiences we have to offer. Please take a moment and indulge yourself in a little imaginary travel. See which of our destinations calls to you. When you do visit us, we invite you to relax, look around, and feel The Hyatt Touch®.
Terms and Conditions:
Please see the front of the Gift Check for its expiration date. No credit or change will be given on any unused portion of the certificate.Certificate is void if sold for cash or other consideration. Not valid for Casino charges, deposit or payment for group/meeting/catering functions, or for advance purchased packages or at concessions within the hotel not owned or operated by Hyatt. Full terms and conditions are available at http://www.certificates.hyatt.com/TermCheckCerts.aspx
Points:
2,500 Points per $25 Hyatt Certificate
Standard Shipping:
$0.00
On second read, maybe it is actually using the Ultimate Rewards points to purchase the gift card. I’m so confused :p
@Anjum – That’s using 2,500 UR points to buy the gift card – which isn’t usually the best deal since you can transfer the points and likely redeem for less points.
Dang, thought I was onto something. Amateur
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How long should you wait before calling the recon number?
@Anjum – No worries.
@Ts – I usually wait 2 to 3 days before calling in.
Hello! I have a Chase card affiliated with Babies R Us that I signed up for when I needed to make a large purchase there right after my first child was born. I’ve just kept it over the years since, unfortunatley, we spend quite a bit of money there. Now that the kids are a little older (5 and2) I wanted to cancel it. I ran along this site a few days ago and have been reading tons of stuff and trying to figure out how to put together a few really nice family vacations. I’d love to be the Mom who takes their kids to Hawaii on vacation!
If I call Chase to cancel the BRU card, would it be best to ask to have the account transferred to the Sapphire Preferred? Will they usually give the sign-up bonus in this case? We already have the Chase Freedom and the Priority Club Chase, but I plan to keep the PC Chase (I just really like it) and transfer the Freedom points to the new Sapphire and then close it out. Your thoughts?
@Cheri - If you convert the card to the Sapphire Preferred you will likely not get the sign-up bonus of 50,000 points, so I would check with Chase if you’d get the bonus or not by converting the BRU card. If you do get the bonus, great!
I love the Priority Club Chase card because of its free annual night certificate which makes up for the annual fee. You could potentially convert your old BRU to another Freedom card (say the MasterCard, if you have the Visa). That way you have a no-fee card, don’t lose the credit history on the BRU card, and could later close the newer Freedom card and apply for the Chase Sapphire Preferred. Getting a family to Hawaii on the same flight to Hawaii will be tough. You could apply for 2 Citi AA cards at the same time and you’d have 100K miles (it is 35K miles round trip for off-peak travel and 45K for peak travel regular awards).
My husband received a targeted offer from Chase Sapphire with all the same benefits of the one in your link but without the $3000 minimum spending requirement. I was jealous that I didn’t get the offer, since I signed up through your link last week and was approved, the account is set up on my Chase homepage, I’m just eagerly waiting for my card to come in the mail. We were going to wait to sign him up because of the spending requirement, but with this new offer, I’m signing him up as we speak (write
!
@Cheri – Thanks for using our link. Emily and I really appreciate it! I’m jealous too, because I haven’t applied for the card yet in hopes of an improved offer. But I’ll likely apply for it in March or April. Thanks for sharing!
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I have a question regarding income and being approved for this card. I have read online, somewhere, that the CSP requires a minimum annual income of $120,000. What have you heard in this regard? Right now I would be very much disqualified, because I left my job to be a student again. On the other hand, I have over a decade of credit history with both Amex and Citi prior to this. I also pay neither any rent nor any mortgage (house paid off). I was even approved for the Continental OnePass card nearly a year ago (of course, with a fairly low limit, and a Platinum rather than World Mastercard). Is it worth trying for this card?
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Hi Rik,
I can only speak from my own experience, but I recently got approved for the CSP and my annual income is well below $120,000. I only have about two years’ of credit history but I pay all my balances in time. Hope this helps.
@Rik - Emily and I were both approved for the card with less income than $120k.
@Tausif Salim – Thanks for helping out!
Wow. What a card. Just applied and received instant approval. Called Chase Sapphire customer service and rung directly to a CSR. Asked if I could get my card expedited – yes 2-3 business days – and asked if I could transfer some of my Mileage plus credit over to the Sapphire – yes, no problem. I got a feeling this card is going to be a keeper. Thanks Daraius!
MMS, what is the difference between Chase Sapphire and Chase Sapphire preferred? 20% extra when redeem travel etc, 7% annual bonus. What else?
As long as I can transfer UR points to other programs, sounds I should downgrade to avoid annual fee.
@PR – Glad you like it! Chase is great to deal with – much better than AMEX in my experience.
@Eric - The main benefit of the Sapphire Preferred is that you can transfer points to the air and hotel partners which you can NOT do with the regular Sapphire card. However, you can transfer points to air and hotel partners if you have the Ink Bold.
Can I transfer my chase reward points to my sons chase rewards?
@Kevin – You can transfer Ultimate Rewards from your account to someone else’s account and also to someone else’s hotel or airline account.