Link: 50,000 Point Signup Bonus for Chase Sapphire Preferred That Still Works.
Yesterday I wrote that Chase had reduced the standard signup bonus for a new Sapphire Preferred card from 50,000 points after spending $3000 within 3 months to 40,000 points.
But that this link still generates a 50,000 point offer (it also earns me a referral credit).
There’s been much handwringing in the blogosphere and on frequent flyer forums over whether the 50,000 point offer is ‘really’ going away or not. Which somewhat misses the point, because for the general public it already has.
Is this your last chance to get the card with a 50,000 point signup bonus? Put another way, if you wait are you walking away from 10,000 free points?
There’s no guarantee that Chase won’t bring back 50,000 points again in the future. But I do not expect my link, or those others may have, to continue to work for long.
Because Chase is telling reporters that
- 40,000 points is the new offer, they intended to pull the 50,000 bonus miles with the end of winter.
- Television ads are changing, in fact I saw the newly edited commercial now showing 40,000 points on TV last night.
So they don’t intend to offer 50,000 points, and there’s certainly no reason to believe they will continue to offer links that are even more costly to them (i.e. those that pay referrals) with the higher bonus.
I explained yesterday why I believe that Sapphire Preferred is, in general, the best rewards card out there:
I reviewed the card extensively here. It’s my favorite rewards card:
- No fee the first year
- 50,000 points after $3000 in spend within 3 months
- Double points on travel (air, hotel, car, taxi, toll, etc)
- Double points on restaurants
- 7% bonus on all points earned (including the signup bonus)
- No foreign currency transaction fees
- Points transfer to United, Hyatt, British Airways, Korean Airlines, Southwest, Amtrak, Marriott Priority Club
- Access to the Ultimate Rewards shopping portal, which is often the most lucrative mileage mall
I use this card everywhere that takes Visa but not Amex, for all restaurant and travel expenses (though I’ll often put airfare on my American Express Preferred Rewards Gold card which earns triple points), and for all non-U.S. spend. Which seems to be the bulk of my spend.
Having actually heard Chase’s point of view on this, I thought I should pass it along, because the information we have suggests it’s not alarmist at all.
Update: the offer is now 40,000 points. Still one of the very best out there in my view.