Tuesday, August 21, 2012

Chase Sapphire Preferred Credit Card Offer Enhanced - BoardingArea

If you read other travel blogs or follow me on Twitter, you are probably already aware that the Chase Sapphire Preferred credit card offer has changed. The offer of 40,000 bonus points has stayed the same but the minimum spend to earn these bonus points has decreased from $3,000 in 3 months to $2,000 in 3 months. For those who have been holding out due to not being able to meet the minimum spend, hopefully this slight enhancement will allow you get those extra bonus points. This is currently the base Chase offer to earn Ultimate Reward points with the lowest minimum spend required. Application link.

Last week it was known that this offer was changing ever so slightly and I warned you all that the ?sky is not falling!? At least this is what I was saying on Twitter. While I was hoping for a bigger enhancement, I am glad the offer only got better and not worse. For those that applied for the card in the past 90 days and?would prefer the lower minimum spend, send Chase a secure message requesting for the better offer. A friend of mine did this yesterday and was immediately denied, so I am curious to hear if any of you were successful ? please let me know!

For those that are newish to the blog and aren?t quite aware of the benefits of this card, here you go:

  • Earning:
    • Earn 1 point for every dollar spent
    • Earn 2 points for every dollar spent on dining, airfare, and hotels
    • Earn a 7% annual bonus on all points earned (possibly even including the 40,000 bonus points, but that might change this year)
  • Redeeming:
    • Transfer your points 1:1 to United, British Airways (can use on American as well), Southwest, Hyatt, Priority Club/InterContinental, Marriott, Ritz Carlton, and Amtrak. No cost to transfer your points and points are transferable throughout accounts
    • Use your points to redeem for free travel with their travel booking services. This allows you to pay for anything travel related (car rental, cruises, etc.). There are no black out dates and you can earn frequent flyer points for the selected travel reward program. You will get a 25% bump when redeeming in this type of travel. Therefore, 1 point = 1.25 cent towards the purchase of your travel. This means that 40,000 points is equal to a cut and dry $500.
  • Card Benefits:
    • Travel Insurance ? When making travel purchase with this card you will receive: trip cancellation insurance, auto rental collision damage, travel accident insurance, and lost luggage reimbursement
    • No Foreign Transaction Fees ? With the preferred card there are no transaction fees when using your card internationally. This is a huge benefit as some cards charge up to 3% in fees.

This card earns you Chase Ultimate Reward points, which Chase?s version of American Express Membership Rewards. You can learn more about the Chase Ultimate Rewards program through this prior blog post series:

Here are all of the Chase cards that earn Ultimate Reward points, which allow you to transfer to airline/hotel loyalty programs and give you the 20% bonus if you go for the pay for travel option instead:

  • Chase Sapphire Preferred: Get 40,000 points after $2,000 spend in 3 months; $95 annual fee waived the first year. Learn more about this card.
  • Chase Ink Bold card: Get 50,000 points (25,000 points after your first purchase and another 25,000 points after you spend $10,000 within the first 3 months); $95 annual fee waived the first year. Learn more about this card.
  • Chase Ink Plus card: Get 50,000 points (25,000 points after your first purchase and another 25,000 points after you spend $10,000 within the first 3 months); $95 annual fee waived the first year. Learn more about this card.

Here are the Chase cards that earn you Ultimate Reward points, but do not give you the same benefits as being able to transfer your points to a loyalty program account. You will also not get the 20% bonus when using the pay for travel option. These cards, however, have no annual fee and points are transferable between accounts. This means that you can transfer your points earned in one of these accounts to a friend/family member who has the Sapphire Preferred, Ink Bold, or Ink Plus card. They can then transfer your points into one of your loyalty program accounts. So through a roundabout way, you really can transfer your points to one of your airline/hotel programs without having to pay a yearly fee.

  • Chase Sapphire?- 10,000 bonus points with $500 spend in 3 months; 2x points on dining, hotel, and airline purchases; no annual fee
  • Chase Ink Classic?- 25,000 bonus points (10,000 points after your first purchase and an additional 15,000 points after you spend $5,000 in the first 3 months); 5x points at office supply stores, internet, phone, cable tv; 2x points at gas stations and hotels; no annual fee
  • Chase Freedom Visa?- 10,000 bonus points with $500 spend in 3 months; 5x points on quarterly rotating categories; no annual fee. Learn more about this card.

Disclosure: This post contains affiliate links. My goal is for you to travel on a deal (or for free!). Thanks for supporting this site!

Source: http://boardingarea.com/blogs/dealswelike/2012/08/21/chase-sapphire-preferred-credit-card-offer-enhanced/

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