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Chase Sapphire Preferred 50,000 Bonus Ends on Tuesday

by on March 30, 2012 · 52 comments

in Chase, Credit Cards, Sapphire Preferred

UPDATE: current sign-up bonus is 40,000 points.

I just got notice from Chase that the Sapphire Preferred 50,000 point sign-up bonus will be changing on Tuesday April 3, 2012, so if you were waiting to get this card, you should do it now. Chase only offers 40,000 currently, so getting in on an affiliate links (like mine) is currently the best deal on the market. It is possible the bonus could go back to 50,000 or higher in the future, but I personally feel good getting it at 50,000 (actually 53,500 once you factor in the annual 7% dividend). If for some reason your application is initially pending or denied, Chase is very lenient with “reconsidering” and approving your application (like they did for me) if you call their reconsideration line at 1-888-245-0625.

Just as a reminder of the key benefits of this card and Ultimate Rewards that I love:

Key Benefits:
- Ultimate Rewards points can be transferred (usually instantly) at a 1:1 ratio to United (Star Alliance), British Airways (Oneworld), Korean Air (Skyteam), Southwest, Hyatt, Marriott and Ritz-Carlton, Priority Club (Intercontinental, Holiday Inn, Crowne Plaza) and Amtrak. Tip: you can even transfer these points to other people – names do not have to match accounts.
- If you want to use points for any flight, they are worth 1.25 cents each. So the 50,000 sign-up bonus would equate to $625 in credit to be used on any trip and you earn miles on flights redeemed using this method.
- No foreign transaction fees. Check out this post to find out why foreign transaction fees are bad.
- You earn a 7% annual dividend on points earned in a year. So if you spend $30,000 on the card in a given year, Chase will give you an extra 2,100 points. You do get the 7% bonus on the 50,000 point sign-up bonus, so it’s basically a 53,500 point sign-up bonus.
- 24/7 Customer service – your phone calls are always answered by a human based in the US.
- 2 points per dollar for travel expenses charged on the card and up to 10 points per dollar on purchases through the Ultimate Rewards Mall.

All in all, Ultimate Rewards is a great points program, and the Chase Sapphire Preferred card has been my top card since I got it myself since travel and dining are basically the things I do most in life!

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author.s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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  • http://twitter.com/AZTravelGuy Erik

    56,710 minimum – why doesn’t anyone include the minimum spend in calculating the points acquired from a new card? 59,920 if you spent $3000 on travel and dining. Significantly more if you meet the minimum spend entirely through the Ultimate Rewards small. A significant chunk could be free after Staples easy rebates.

  • Tim

    Erik, can you expand on the Staples easy rebates please; I am not familiar?

  • Andre LaPlume

    I asked my wife to apply and they said they would mail a response. That’s standard for Chase, isn’t it?

  • thepointsguy

    Standard indeed, but if you are impatient like me, you can call and get the status and push along the approval by calling 1-888-245-0625

  • ytrewq

    Who should I sponsor?
    TPG, FTG, lucky, mummy points, Gary million mile secret?
    X-mas coming early to you folks

  • Dax

    I was approved instantly, but a friend of mine got the “more time for processing” message. What is she supposed to say when she calls the reconsideration line? What sort of questions are you likely to be asked?

  • thepointsguy

    Just ask for the status and if they say like “Denied due to too many Chase accounts” then they should offer to close one Chase credit line in order to open this one. Its always good to give details why you need this card- like no foreign fees, double travel/dining, etc.

  • thepointsguy

    Whichever site you like the most! They are all friends of mine so it’s a win-win :-)

  • PJ

    dream of your life on credit cards is: spend $500+ish and get paid 200 or 250 or even 300 plus about $20 rebate (most on 5% as with Citi Dividend and Chase Freedom, spend $3000 and get paid 55+K signon bonus as with Chase Sapphire Ink bold, spend 1500 and get 75K AA as with CIti AA and Amex , spend $1000 and get 75K as with amex Gold Premier , spend $1000 + $450 to get 100K and other goodies as with Amex Platinum tooo bad those cards can not come unlimited.. You need to get creative by applying cards with as many names as possible in your family to enjoy these best goodies from banks.. Can you see you are getting at least 20% off for wahtever you are buying with credit cards ?

    Sapphire with 50K is a no brainer grab it sooner than later.

  • Jeffrey

    Thanks for the reminder, just applied and was approved after a call to the reconsideration line….

  • Dax

    Thanks for the quick reply. I didn’t have experience with reconsideration calls so I didn’t know what to tell her. She’s not a churner, but if the result is due to poor credit (I’m not privy to her credit score) then is there another angle to pursue or is it likely to be a lost cause at that point?

  • thepointsguy

    All I can say is that the people on the reconsideration line are empowered to reverse the automatic decision. Even if she has credit blemishes, she should make the case that those were in the past and her current financial situation is better.

    If she is not in a good financial situation, she should not get this card.

  • PJ

    normal sit back and relax ; you will find out in about 10 working days you have good credit you shall get it unless you have got too many chase cards in a matter of short period . I was yellow flagged for “getting 3 cards in less than 6 months” and we found the solution>>turned in my BA card and there came the Sapphire Preferred.. real bonus was 50K with 1st purchase

    as a matter of fact, you might want to call in the reconsideration line 1 888 245 0625 to express the excitement of the card you applied ie checking the status >> if anything I can do to speed up ..”

  • PJ

    60K is worth a lot of $ when used to book United NON STOP flights .. i would say you spend 3000 and get $4000+ worrth of purchases well more more productive than clipping Sunday coupons for groceries

    It is a no brainer

  • I Love Kash

    Just got mine, via your link. It required a call to the reconsideration line, but they happily took 10k off of my United Card to give me the Sapphire.

  • http://twitter.com/AZTravelGuy Erik

    Staples through the Ultimate Rewards mall = 4x bonus points per $1. And you simply buy the free after rebate items when they pop up. You can often buy up to 10, and get 10 rebates in the form of an actual check. See FrequentMiler on the boardingarea.com blogs for detailed explanation and instructions.

  • I Love Kash

    Dax, if you friend doesn’t want to close an account (for credit reasons), she can also ask to have the credit line on an account decreased, to form the basis of the other credit card.

  • 3sarkar

    One must factor in local taxes when making those Staples purchases

  • I Love Kash

    If you used the Ink card, would you get extra points for purchasing office supplies?

  • http://www.facebook.com/profile.php?id=12801252 Santiago José Santamarina

    …

  • Sj S

    $625 on any airline? Sweet – decision pending, I’ll call in tomorrow -
    Chase seems to be bankrolling my fun this year!

  • Quimpin

    Hey TPG, This may come across as a dumb question, but i’m going to ask it any way. I have approx $4,000 in recent travel spending and although I love the 50,000 pt offer here, I know that the cap 1 venture card also has some kind of 100,000 point offer, but i don’t fully understand the complexities of that double mile challange. In the end, what is the better choice. I am a mild travler. prob 4 times a year. 1 international, 3 domestic.

  • Quimpin

    ps. my total year end summary, including travel is over 80,00 on american express gold. I put everything on it, lol.

  • PJ

    ask our friend to check the credit score on http://www.creditsesame.com a free service . It shows you identical score CHase or Bank of America would see. T me the message is normal similar to the one they gave me online and about 7 business days later they gave me the Explorer . The time line was about 2+ months after I received my Sapphire Preferred which i had to swap out my BA for it

  • JakeC

    Does this impact Ink Bold’s bonus?

  • Drew
  • http://twitter.com/moneyedup MoneyedUP

    Thanks I just got approved for the card w/50k bonus. I had to call the reconsideration line but after answering a few questions I was approved. This is the 4th card I applied for in2012, all were on different dates (before I knew better) and I was actually denied for a united explorer card by Chase in January for having too many Chase cards. I cancelled my old United business card and decided today to go for this Sapphire card before the bonus expires. Thanks for the tip.

  • Possum7a

    Barnes and Noble is currently offering 10pts per dollar through the Ultimate Rewards Mall. Great deal for college textbooks.

  • I Love Kash

    I know I’m not the TPG, but maybe I can help. The 100,000 point offer is a deal match of sorts. Cap One is offering to first time card holders that they will give you 2 points for every dollar you spent on a travel credit card in 2011. It sounds like that deal would at best net you 8,000 miles/points for your recent travels. In contrast, with the Sapphire, you’re looking at a guaranteed 50,000 Ultimate Reward points (which are more valuable than Cap One points) once you meet the spending threshold. Even a mild traveler will find ways to put them to use. Based on the limited information you provided, this seems like a no brainer – go for the Chase Sapphire.

  • pcp

    yes and you can choose download only and many times there are no taxes..again check out FrequentMiler’s blog posts for details

  • TamaraL

    Can Canadian residents apply? I do not see any terms re; citizenship.

  • guest

    Tuesday is April, 3rd. So this ends Monday(April 2nd) 5pm?

  • thepointsguy

    Not to my knowledge

  • thepointsguy

    What Kash said- in order to get the 100k Cap one points, you had to have spent $50,000 on a single travel related credit card in 2011.

    That being said, I think Sapphire Preferred is a better overall card than Venture because you can transfer points to partners whereas CapOne points are always worth a penny each.

  • thepointsguy

    I was told Tuesday at 10am

  • PJ

    4th card this year as of march 30, that is amazing
    is your credit score well into 800+ ?

  • PJ

    how could you get around with just amex gold?

  • PJ

    think twice when you redeem points at 1.25 cents per point for travel expenses.. POINTS dont expire . UR points are best used to fly United Southwest and get free Hyatt nights

  • http://twitter.com/AZTravelGuy Erik

    There are ways around paying taxes on Staples purchases.

  • Quimpin

    by being awesome.

  • PJ

    I see on the posting you can buy office max gift cards from Ultimate Reards mall for 10% off = I assume buying Home Depot GS also gets 10% off as posted Am I correct ?

  • PJ

    Do you guys ( dolls) just call in Reconsideration immdediately after the online spills out ” decision pending ..” .etc

  • Kaladeb

    I have two Chase cards; one from a Dec. 2011 application and one from Jan. 2012. Is it too soon to apply again?

  • thepointsguy

    Should be fine if you have good credit. Worst case of you get denied call the reconsideration line

  • Guest

    Is there any truth to what I’ve read online that Chase Sapphire Preferred requires a minimum annual income of $120k? Is a lower income (but great credit) something that the reconsideration line can work with?

  • thepointsguy

    Not true

  • Pingback: Breaking News: Sapphire Preferred Bonus Dropping to 40K « Points Envy

  • Thechimerical

    Just had mine approved after calling the reconsideration line, with an annual income a lot less than $120K. Thanks for the tip!

  • StM

    TPG – in light of the reduction on this offer. Any thoughts/hints on the changes for the Citi Premiere next week that you had mentioned?

  • JNY

    How long does it take to receive the card upon application (assuming application is approved and I have to go through the reconsideration line)? Thanks

  • PJ

    ask them to fedex over

  • Pingback: Final Reminder: Last Day To Apply For The Chase Sapphire Preferred 53,500 Sign-Up Bonus | The Points Guy