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When should I apply for the Chase Sapphire Preferred?

When should I apply for the Chase Sapphire Preferred?

Million Mile SecretsWhen should I apply for the Chase Sapphire Preferred?Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

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Folks have been emailing me to ask if the 50,000 point sign-up bonus for the Chase Sapphire Preferred is going to be reduced.  I like Jared’s approach to this question which is to grab the sign-up bonus when it makes sense for you to do so.

I don’t like answering these types of questions for 3 reasons.

1.   Information is not accurate.  Recent predictions of credit card sign-up bonuses decreasing haven’t been very accurate.

Over the past few months,  reports that the 50,000 point sign-up bonus for the  Chase Ink Bold, and Chase Southwest, were going to disappear (which I didn’t pass along) weren’t true.  All these cards are still listed on the Hot Deals tab with a 50,000 point bonus!

The 50,000 point sign-up bonus with the Chase Southwest card has been available since November – which was when folks predicted that it would disappear.  I’ve written about this on multiple occasions since November, because this is the best credit card for domestic travel.

Not only do you get $833 worth of free travel on Southwest, but the 50,000 sign-up bonus is currently counting towards the 110,000 points needed for the Companion Pass which lets a companion fly with you for free.

The Chase Ink Bold introduced category bonuses, but the 50,000 point sign-up bonus didn’t change.  And there’s still a link available to the Citi Thank You Premier for 50,000 points.  Granted, the link to the Citi Thank You Premier is not a publicly promoted link, but folks are still receiving the 50,000 point sign up bonus which is another great card for domestic US travel.

2.  I’m biased.  I get a referral if you apply and are approved for the Chase Sapphire Preferred via links on the blog.  Emily and I are very grateful to everyone who has applied for the card using our link!

But if I make a prediction or pass along information – which hasn’t been very accurate in the past – and that information again turns out to be incorrect, I still benefit.

I benefit because folks will apply for the card in the belief that the sign-up bonus is disappearing.  I don’t want to tell folks that the bonus will decrease (and drive an increase in card applications) when recent history suggests that such information is incorrect.

So I prefer not to pass along information on sign-up bonuses decreasing – especially if I earn a referral commission from that credit card and past history suggests that the information of the sign-up bonus decreasing is not correct.

Am I over-thinking this?  Probably.

3.  50,000 point sign-up bonuses reappear.  Off late, 50,000 mile and point sign-up bonuses appear and disappear frequently, so if a sign-up bonus decreases, it is just a matter of time before it reappears.

On the other hand, 100,000 mile sign-up bonuses tend to reappear after much longer (one year or longer) so it is best to grab a 100,000 sign-up bonus when it is active.  And I’ve also noticed that predictions of a 100,000 mile sign-up bonus disappearing are usually accurate.

So I would pass along information of a 100,000 mile offer disappearing.

So why am I writing about the Chase Sapphire Preferred?

Because the ad materials which affiliates like me get access to indicates that the sign-up bonus is for a “limited time only.”  Marketeers often use this phrase to get people’s attention and to steer them towards making a purchase which they may not otherwise have made.

But “limited time only” could describe almost anything!

I’ve also heard that the bonus offer will decrease in late February or early March, but I also heard that previous sign-up bonuses for the Southwest, Ink Bold, and Citi Thank You Premier were decreasing (which ended up not happening).

But if there was a new mega credit-card sign-up bonus in the works, it could make sense to reduce the sign-up bonus on the Chase Sapphire Preferred to build some buzz around the new offer.

Also, the American Express Premier Rewards Gold (the AMEX competitor to the Chase Sapphire Preferred) offers only a 25,000 point bonus, so Chase may feel that it no longer needs to offer a 50,000 point sign-up bonus.

Chase Website

However, the ad copy from the official Chase website on the Chase Sapphire Preferred does NOT mention that the 50,000 sign-up bonus is for a limited time only.

So this could mean that the sign-up bonus is going to decrease only for cards in the affiliate channel, but not directly through Chase.

But I don’t know for sure.

Bottom Line:  As always, grab the sign-up bonus on credit cards, including the Chase Sapphire Preferred, when it makes sense for you to do so.

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I came across this site using google.com And that i prefer to thank you for work. You’ve done really top notch site. Great work, great site! Thanks!

Hi daraius!im planning to get the sapphire preferred since im going from LAX to Philippines this april for 3wks.just wondering if thats a good idea basically i just wanna maximize in earning points and miles since i also have a plan on travelling to hawaii sometime in september?

i have chase freedom(8 months old) and the southwest card(2 months old)

Author
Million Mile Secrets

@daniel – You’ll earn double points on the Sapphire Preferred for travel and dining expenses and get a 50K sign up bonus. However, you could apply for 2 Citi AA cards (if you haven’t had them in the last ~18 months) and get 50K miles each or 100K miles, which should be easier to use to Hawaii. Or you could get 2 Citi Thank You Preferred cards (One MC & One Visa) which offer 50K points or $665 in airfare on any airline with no blackout dates.

The Sapphire is better for regular spending, but the AA cards are better for the sign-up bonus.

Thanks so much!! We will be applying for the Chase Sapphire Preferred through your website then = )!! Second, This will be the first time we will be traveling to Europe and we are looking into the 1st quarter of 2013. I was looking into your blogs and Chase seems to be the most lucrative and next is AA Advantage but the points right now is only 40,000 miles but they have so many partner airlines, retailers etc i guess its worth it. Citi has stopped offering the 50,000 too. Since you are the expert what should our 2nd card be. We can only afford getting 2 cards ( chase and ….) and we wouldn’t want to jeopardize our good scores. Also, we want to fulfill the $$$ spent to get those points without having any problems. Any advice pls ? = ) Thanks Again!!

By the way this is an awesome site. I just came across this today. I searched for a forum or blog to find out if anyone has went through the same thing I did, and ended up here. Hope someone can help this newbie!

Author
Million Mile Secrets

@Elliott – Welcome! What you can do is send Chase a secure message from your account or call them up and explain that the best public bonus is 50K, but you got only 10K, and is there a way they could give you the 40K difference? Chase usually matches you to the highest publicly available bonus as long as you applied in the past 3 months. Good luck!

@carmen – Actually, there are 2 American Airline cards which I feel are better than the Chase offers, because you can apply for both the AA cards for 50K miles each (100K miles total) at the same time (as long as you don’t have an existing AA card that’s less than 18 months old).

I’d suggest dropping the Chase Sapphire Preferred for now (unless you can meet the minimum spending), and apply for the Citi AMEX and Visa for 50K miles at the same time. That’s 100K miles each or a business class trip to Europe. There are links to the 50K offer in the Hot Deals tab.

Can somebody please help me out or answer my question. I recently applied for a Sapphire Preferred at a local Chase bank and just got approved. Well I also found out that I only get 10000 points! The only offer I have ever seen for the Preferred card is 50000 points so when I went to the Chase bank to apply i assumed that’s what I would get upon approval. I was totally wrong as I have just found out. It was my first time applying for a card and had no idea that the offer would be different. Now my question is: Is there any way that I can get credited the difference of 40000 points if I talk to somebody? I don’t know how this works or if it is possible. Please help . Thank you.

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