Chase Sapphire Preferred Minimum Spending is now $2,000 (Down from $3,000)

Chase Sapphire Preferred Minimum Spending is now $2,000 (Down from $3,000)

Million Mile SecretsChase Sapphire Preferred Minimum Spending is now $2,000 (Down from $3,000)Million Mile Secrets Team

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Just a quick update to let folks know that just as I hinted, all is well with the Chase Sapphire Preferred.

In my first post on this change, I wrote “I personally wouldn’t go out an apply for the card in anticipation of a decrease in the sign-up bonus next week.”

And on Saturday, I wrote “I’d even bet 40,000 Ultimate Rewards points that the changes will be slightly positive!

Well it turns out that I’m not losing 40,000 Ultimate Rewards points this time!

The sign-up bonus is still 40,000 points, but the minimum spending is now $2,000 (instead of $3,000) within 3 months.

I explained, in my weekend post on why the American Express Starwood card is overrated, but still worth the 30,000 point sign-up bonus, the combination of the fee-free Chase Freedom and any one of the transferable Chase Ultimate Rewards cards (Chase Sapphire Preferred, Chase Ink Bold, or Chase Ink Plus is a better choice for the average American who is not a Big Spender.

That’s because you can earn 5X Ultimate Rewards points on the Chase Freedom (a no annual fee card) which can be transferred to airlines or hotels, get additional Ultimate Rewards points through the Ultimate Rewards shopping portal, and pay no foreign exchange transaction fee on any one of the transferable Ultimate Rewards cards (Chase Sapphire Preferred, Chase Ink Bold, Chase Ink Plus).

Perhaps there will be more good news from the banks as the year comes to an end.

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Anyone think the offer will change in the next 2 months?

@Jay how did you pull that off? Did you already sign up for the 40k and 2k spending limit just recently? I'm hoping to get targeted for the 70k+ pts or if the 50k comes back.

Thanks for the tips. Also I asked for a 10,000 point bonus on top of 40,0000 citing bump the bonus, and they said they'd reply by mail. 2 days later I received 10,000 points to my account.

Thanks for the Tip! My spend requiremnet on the Saphire Preferred was lowered by 1000.00 in 5 minutes!

Spending lowered to 2k from 3k with secure message this AM.

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