Earn up to 75,000 Bonus Points When Closing a Mortgage With Chase

Apr 3, 2018

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Update: Some offers mentioned below are no longer available.

If you’re applying for a mortgage any time in the near future, you may want to take a look at Chase. The bank has just launched a lucrative bonus for certain cardholders who close a mortgage with them.

Customers with either an Ultimate Rewards or United personal credit card can earn extra Ultimate Rewards points or United miles after closing on a mortgage with the bank. The bonuses break down as follows:

Card Bonus TPG Value
Chase Sapphire Reserve 75,000 Ultimate Rewards Points $1500
Chase Sapphire Preferred Card 50,000 Ultimate Rewards Points $1,000
Chase Sapphire 50,000 Ultimate Rewards Points $1,000
Chase Freedom (No longer open to new applicants) 25,000 Ultimate Rewards Points $525
Chase Freedom Unlimited 25,000 Ultimate Rewards Points $525
Chase United MileagePlus Club Card 75,000 United Miles $1050
Chase MileagePlus Explorer Card 50,000 United Miles $700

The information for the Chase Freedom Unlimited card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

The bank has run similar promotions in the past, such as last year when Sapphire cardholders could earn 100,000 bonus points for financing a new home. While the bonus this time around is lower than before, it’s nice to see that Chase has opened it up to more customers. The promotion ends August 31, 2018.

Those 75,000 points that Chase Sapphire Reserve cardholders can earn through this offer are nearly enough to fly round-trip in business class to Europe when booking through Korean Air SkyPass — you’d need just 5,000 more points to have the 80,000 Ultimate Rewards required for the trip.

Fly in Air France business class to Europe for just 80,000 miles round-trip when booking through Korean Air SkyPass.

Unfortunately it appears that this offer isn’t stackable — if you have two or more of the mentioned cards, you’ll only be able to get one bonus. Chase confirmed with TPG that you can also earn $500 cashback on top of the bonus points or miles.

Chase Private Clients also receive additional discounts when purchasing a mortgage:

  • 0.125% discount with more than $250,000 in Chase deposits and investment accounts
  • 0.25% discount with more than $1,000,000 in Chase deposits and investment accounts

While this is certainly a nice bonus, definitely make sure you shop around for the best mortgage rate. If you receive a higher interest rate at Chase than you could have gotten elsewhere, it would easily negate the value of any extra points received. But if you find that Chase has the best rates and mortgage terms for your situation and you hold an eligible credit card, this is definitely a deal worth taking advantage of.

Featured photo by Jesse Roberts/Unsplash.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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