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How to Get the Best Chase Sapphire Preferred Offer Right Now

Written by Charlie

If you want the absolute best Chase Sapphire Preferred offer right now, here is what you need to do and what you can get for doing it.

The Chase Sapphire Preferred has been at an all-time (public) high of 100,000 Ultimate Reward points for a while. Recently, it became possible to get an even better version of the offer. So, if you held off and you don’t mind a trip to the bank, here is how to get the better offer!

How to Get the Best Chase Sapphire Preferred Offer

There is one version of the Chase Sapphire Preferred offer that is available online and the key points are: Spend $4,000 in 3 months and earn 100,000 Ultimate Reward points. You will pay the $95 annual fee up front as well (and that does NOT count toward your $4,000 in spending).

The lower, previous offer gave $50 grocery credit but this online version does not have that – either through the application directly, through card affiliates (like this site), nor through the personal referral offers that now match it.

Apply for the Offer in a Chase Branch

But, there is a way to get an additional $145 in value out of this offer. I had updated the posts last week but wanted to draw people’s attention to it as well in case you want to take advantage of it. As is typically the case with some cards, Chase will offer you an annual-fee waived version of this offer if you go into a Chase bank and apply through a bankerUse this link to find a Chase branch near you.

If you go into the Chase branch and apply for the Chase Sapphire Preferred offer, here is what it looks like: Spend $4,000 in 3 months and earn 100,000 Ultimate Reward points plus get a $50 grocery credit and the $95 annual fee is waived the first year.

How can they do this? Well, as I wrote about in this post, this current offer is costing Chase a lot in terms of customer acquisition and they really do need these new customers to use this card all the time – and possibly to even pay some interest on it to help Chase get their money back. But, the biggest difference is that Chase does not have to pay affiliates (like this site) that commission when a customer signs up inside a Chase branch. That can be anywhere from $150 – $300 so Chase instead gives part of that back to the customer in terms of sign-up value and credits.

If you do it in branch instead of signing up through a friend, they also don’t have to pay out the 20,000 Ultimate Reward points! That is worth at least $200 so, again, Chase makes out by having you sign up inside a branch, even with waiving the annual fee and giving you the grocery credit.

Plus, once they have you in branch, if you do not have any banking accounts with them, it gives their bankers a chance to offer you additional products with Chase – which gives them more money as well.

All in all, for what could amount to less than an hour of your time (with transportation and the time at the bank), you could get an additional $145 in value on the Chase Sapphire Preferred offer. But, if you would rather do your application online, I certainly wouldn’t mind if you used my affiliate link here. 🙂

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About the author


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.


  • Hi Charlie,
    If I have a sapphire preferred (bonus earned in 2010)l and reserve was 2016, which has since been cancelled), can I downgrade my preferred and apply for this bonus?

    • Yes but you have to wait like 5 days after downgrading to apply online. If you do it in branch for the 100k plus waived AF then you have to wait like 30 days

    • Like Tom says, you need to wait 5 days after downgrading to apply online. I am not personally aware of the waiting time for in branch applications but what Tom says does agree with what I have heard from others. I have no knowledge of when this offer will end but I would guess it won’t be for at least a couple of weeks. What you could do is downgrade your Preferred now and then you could always apply online (if you don’t want to wait the 30 days for in-branch). If you get denied based on already having it, you can always wait a week or so and then call in to have it be reconsidered at which point they will see that you no longer have the CSP.

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