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 Chase.com 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 banker. Use 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. 🙂