Chase Sapphire Preferred® Card Bonus Dropping to 40,000?

Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Preferred Card

Several TPG readers have emailed and Tweeted me about new Chase Sapphire Preferred® Card commercials touting a 40,000 point sign-up bonus. For a while, there's been chatter about the current 50,000 point bonus dropping, so I'm not completely surprised. However, until further notice my link is still good for 50,000 points when you spend $3,000 within 3 months. The credit card companies generally don't give advance notice when dropping sign-up bonuses, so if you've been waiting to get in on this deal, I'd recommend applying sooner or later. To read more on the card (which is currently the card I use the most), check out this post.

Link to 40,000 point details on Chase.com.
Hat Tip @Elleandish