Update: This offer is no longer available. Check our Hot Deals for the latest offers.
I’ve been asked to remove the affiliate links for the Chase Sapphire Preferred which offers a 50,000 points sign-up bonus by 10: 00 am EST on April 3, 2012.
I’m not sure if that means that all links to the Chase Sapphire Preferred will be for 40,000 points in future (since the official offer on the Chase website is for 40,000 points), or if non-affiliate links like this one will still work after April 3, 2012.
Usually, there have been working links after the offer has been discontinued in the affiliate channel (think Chase Southwest for 50,000 points or Citi Thank You Premier), but I don’t know what will happen this time.
All that we’ve been told is that Chase will be updating the offers for the Chase Sapphire Preferred and the regular Chase Sapphire.
As I wrote previously, it is not the end of the world if you can’t get in on the 50,000 point sign-on bonus. There will be new offers and 40,000 points is still a bonanza compared to the sign-up bonuses just a few years ago.
In any case, I got approved for the Chase Sapphire Preferred last week and Emily has had the card since June last year. I had to call the reconsideration line to get approved, but it was a very easy call.
I like the flexibility of transferring points at a 1:1 ratio into my favorite air and hotel programs such as Hyatt, United, and Southwest (since we have the Southwest Companion Pass), the no foreign transaction fee, and the double points on hotels and dining.
And I particularly like pairing the Chase Sapphire Preferred with the Chase Freedom because the Chase Freedom earns 5x points in rotating categories (grocery stores in April, May & June) which we can transfer to our Chase Sapphire Preferred account and then to the different hotel and air partners.
Readers have also confirmed that you can get the sign up bonus on the Chase Sapphire Preferred even if you have or had the regular Chase Sapphire card because they are considered different card products by Chase.
As always, Emily and I are very grateful to the many readers who apply for the Chase Sapphire Preferred using our link!