Chase Sapphire Preferred® Card 50,000 Bonus Ends on Tuesday
Update: Some offers mentioned below are no longer available View the current offers here - Chase Sapphire Preferred Card
I just got notice from Chase that the Chase Sapphire Preferred® Card 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.
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 card has been my top card since I got it myself since travel and dining are basically the things I do most in life!
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.