Chase Sapphire Preferred Minimum Spending Increasing to $3,000 for 1 or 2 Weeks

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Just a quick update that the minimum spending on the Chase Sapphire Preferred which offers a 40,000 Ultimate Rewards point sign-up bonus is increasing back to $3,000 for 1 to 2 weeks from the current $2,000 by 2:00 or 3:00 pm EST today.

I suspect this may be because the public offer on the Chase website is still for $3,000 minimum spending and Chase wants to align the offers.

I wouldn’t go out of my way to apply for the card now, since the $2,000 minimum spending should be back in 1 to 2 weeks (or so I’m told).  But I would send that secure message to Chase ASAP and ask to get matched to the lower spending requirement if you applied for the Chase Sapphire Preferred within the last 93 days.

 

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22 responses to “Chase Sapphire Preferred Minimum Spending Increasing to $3,000 for 1 or 2 Weeks

  1. Just send that secure message and got a quicker response and account update then calling it in. When I call the rep noted that they would have to sent it to there marketing dept for review.

  2. That promo sure is erratic for a major bank. Feels like Chase could use more competent people to run it.

  3. I did a SM to Chase and got a quick response the same day saying they would match the new promo!

  4. Thank again Daraius. I have one foot out the door to FRA and jumped on to see your post today. I was going to wait for this deal until I returned but I had to pull the trigger on it and made it by 4 hours. Did not get the instant approval but called the recon line and was asked to verify my address and waited the obligatory 3 min on the phone and received instant approval. I did mention the reason I applied was because of the reduced spend and the CSR did not get it at first but then looked it up and replied that it was indeed a great deal. I was a little worried because I got the BA card in May and the IB in June. But it went through and I am ecstatic! Now it is off to Europe for 15 days. The wife and I are doing a circle tour, driving, though 9 different countries. Hope to keep up with the blogs during the vaca though. Thanks again.

  5. Daraius,

    Have you heard of MC/Visa being counted as separate cards for bonuses for Chase cards? Thanks.

  6. If you book a hotel with UR points, cancel the Chase Sapphire and then decide to change/cancel this hotel reservation,
    what is happening with UR points? May they go back to Chase Freedom UR account minus that 25% Sapphire travel bonus?
    Did anybody experience something like this or similar?

    • @Justin – I’ve heard of folks getting the bonus per type, but I don’t have any personal experience. I don’t believe Chase will let you keep both types, so you may have to close your existing Visa version. Please let us know if you try it!

      @Tatyana – It depends on the type of reservation. If it is a non-refundable reservation, you may not get your points back. I’d call to find out more.

  7. the title of this post makes it sound like the $2000 min spend is coming back in 1 to 2 weeks. Is this true?

  8. Just an FYI that the 50,000 Chase Sapphire Preferred bonus may still be available if you ask for it. I applied at the beginning of this month, sent in a secured mail a couple days ago asking for the extra 10k, and got a message back today saying they would be crediting the points to my account on the next billing statement. (It may have helped that I started out high-balling it by asking for the 70k offer– no go, sadly– then reduced my request to the 50k.)

  9. @Celeste, what did you say for the extra 10k. I requested the 70k offer.. but they told me it was a different card and I was welcome to apply for that card.

  10. @Tommy: Nothing special, really. After I got rejected for the 70k I wrote back something to the effect of “aww, not even the 50k offer?” Didn’t really expect anything but figured it couldn’t hurt. The CSR (a different one this time) emailed back a couple days later saying she’d added the extra 10k to my account. That’s pretty much it!

  11. @Celeste When and what was the 70k offer about? I havn’t heard of it before.

  12. @Justin: There was apparently a targeted 70k offer in June of this year.

  13. @celeste. any reference by the CSR regarding which offer she used to give you the extra 10,000 points. Tried to get the extra points but was shot down- no known 50,000 point offers for sapphire.

  14. Ok finally I got the extra 10k points.
    1st request for the 70k match, it was a no go due to it was a targeted offer
    2nd requested for the 50k match that most current card offer like united. No go too. Noted these was a shout down by regular CSR
    3rd time request told them you can even match 10k point then I rather use the other offer card with a higher points. Regular CSR then sent my message to a senior CSR. A few days later I got my 10k point ready to use.

    So mainly try to request them to tranfer to a senior CSR, try seem to have more power. GL thc again @celeste

  15. @mulbry Sorry, they didn’t say which offer they were using…

    @Tommy Glad it worked for you!

  16. 2.5 weeks, still nothing about the spend being lowered to $2k 🙁

  17. Some wild guesses CSP min spending requirement flunctuation –

    1. Chase wants to identify those opportunistic customers who apply cards for easy bonus points (aka churners), who are unlikely to be profitable for the bank. At the same time, Chase don’t want to mix the churner segment with legitimate big spenders who tend to stick with a card. Otherwise, Chase will chase away profitability

    2. But who are these intelligent churners?

    3. Well, how about those who hang out on flyertalk or the travel credit card blogs daily? They seems to be pretty smart, and bank keeps hemorrhaging reward points to them, right? It is king of interesting that while the min. spending requirement were lowered to $2000 through blogger’s affiliated links, it was still $3000 on the official Chase website. Unlike Citi, Chase is not inconsistent, Chase is pretty shrewd too.

    4. If my hypothesis is right, missing the reduced spending CSP application may be a blessing in disguise. I doubt Chase is going to send target offers (such as 70K CSP or 80K Ink Bold) to the those that Chase has identified as “clever customers whom we can’t make profits from”

    Please comment if your experience disprove my hypothesis.

  18. @drunken boat:

    I don’t follow your logic. If Chase can’t make money from people who follow travel blogs, why would only lower spending requirements for blogger affiliate links? And if we churners won’t receive targetted offers from Chase, how is missing the 2k app a “blessing in disguise?”