PSA: Huge signup bonus for the Chase Sapphire Preferred credit card
If you're going to spend $4k in the next 3 months you should get the Chase Sapphire Preferred card. The signup bonus is 100k points if you spend $4k in the first 3 months. You can redeem them for $1000 cash back or $1250 if you redeem your points for travel. Annual fee is $95 but it's waived for the first year if you apply in-branch. You can downgrade the card in the second year to a no annual fee card. Just putting info out there for anyone who needs it especially since some of us are moving cross-country for RTO and this is an easy way to get 25% cash back on those expenses. DM if you want a referral #credit #chase
Can you transfer the points to your spouse?
Yes
I fked up and applied online when I did it
Get the Sapphire Reserve or go back to school.
Get the preferred for the sign up bonus. Depending on your lifestyle, it might be a better card anyways. Chase is coming out with changes this month to the preferred and reserve and they are making the preferred a lot more attractive vs the reserve. (I have a reserve now.)
C’mon HBO, bad comment. In this situation, if you want the highest ROI you always get the card with the higher sign up bonus (unless you are putting $100K+ in Category spend through the card to make up for the difference of 40K pts+$250.00 effective difference in annual fee) then upgrade your card in year 2
Dm if anyone wants a referral
I signed up for amex platinum when they offered 100k - this doesn’t seem like a great deal
Different strokes for different folks. I personally don’t see myself using most of the platinum’s perks. And I have to pay $700. This card has no fee and I’ll get $1000 back to do whatever with it.
Lol Uber. Did you even run your spend through a credit card calculator? I HIGHLY doubt you getting a higher ROI with the platinum 100K offer vs the Sapphire preferred 100K offer
I don’t know how any of this cc hacking works. What if I have a chase freedom already?
You should be fine. I think you wouldn’t get the bonus if you opened another sapphire (preferred or reserve) in the past 4 years
Better yet, transfer your points to your spouse with CSR to get 1500 worth of travel. @tc, you wont get the bonus if you get a bonus from the chase freedom family within 48 months i think.
Chase points are better used for travel. I've been churning cards for years and probably redeemed 30k+ in free travel. Feel free to DM if anyone wants more info.
If I have to apply for the card in branch, then why do I need a referral? I mean, do I need a referral? Or is my first next step to find a Chase branch, walk in, and request this offer?
They referral would be a kickback to the person who referred you, but you miss out on the $95 first year waive fee. The kickback is 20k points IIRC
Do i need to get a referral to have the $95 fee waived?
How is the company making money lol
You're asking how the biggest bank in the country makes money..
They lost a fuckton of money when they offered 100k the first time around iirc