Credit Cards

Chase Sapphire Preferred – DECREASED Spending Requirement

Advertiser Disclosure

To see the latest, updated offer on this card and others, please visit this page.

The spending requirement is back to $3,000 in 90 days

It was all over the blogs last weekend that the Chase Sapphire Preferred offer was going to change as of Monday. Some people thought it was going to be a drop similar to the one earlier this year (when it went from 50,000 points to 40,000 points) and others thought it might be an increased spending threshold change (to put it more in line with the recent change on the INK Bold that went from $5,000 in 3 months to $10,000 in 3 months to get all 50,000 points). I personally thought that it was going to change to a similar format of the INK Bold offer – 20,000 points after 1st purchase and the other 20,000 points after spending $5,000 in 3 months.

Chase Sapphire Preferred

It was a pleasant surprise when the change that occurred was actually a lower spending requirement for the 40,000 points. It is now at $2,000 instead of the previous $3,000 spending in 3 months. This helps many people who may have been holding off due to worries that they may not meet the spending. In fact, I would guess that is exactly why Chase lowered it. American Express has their Premier Rewards Gold card threshold at $2,000 in 3 months (although for a lower 25,000 point bonus) and Chase has certainly been attacking American Express hard. Since the Sapphire Preferred is a Signature Visa card, it requires a minimum of a $5,000 credit line and fairly good credit to be accepted for it, so lowering the minimum doesn’t mean it will allow everyone to get in on it, but it does mean that it will help those who may be on the fence about it to go ahead and get it.

Here is an overview of the card that I did earlier this year to give you an idea of how good it is and what is available with it – link.

Editorial Note - Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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About the author

Charlie

Charlie has been an avid traveler and runner for many years. He has run in marathons around the world for less than it would cost to travel to the next town - all as a result of collecting and using miles and points. Over the years, he has flown hundreds of thousands of miles and collected millions of miles and points.
Now he uses this experience and knowledge to help others through Running with Miles.

1 Comment

  • Thanks for linking to my page! I really appreciate it! It is great seeing an offer get better instead of worse. Let’s hope this is the start of a trend 🙂

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