A couple of months ago, we were greeted with the best ever Chase Sapphire Preferred offer that has been publicly available – for a whopping 80,000 points! It required more spending to get the full 80,000 points but it could be done over a year so it was a great offer.
The Best Chase Sapphire Preferred Offer is Gone
Here was the best Chase Sapphire Preferred offer that we just had to say goodbye to:
Earn up to 80,000 Bonus Points
- 50,000 bonus points after you spend $4,000 on purchases within the first 3 months of account opening.
- Plus earn an additional 30,000 bonus points after you spend $20,000 on purchases within your first year of account opening
- 2X points on travel and dining – Earn 2X points on travel and dining at restaurants- from airfare and hotels to fine dining and cafés.
- Plus, Earn 1 point per dollar spent on all other purchases.
- 25% more in travel redemption – 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.
- Annual Fee: $95 (waived the first year)
- This card is subject to the Chase 5/24 rule
- You can only have one Chase Sapphire product at a time
- You can only get one Chase Sapphire bonus within 24 months
As you can see, the haul was quite good for spending that would be just right for average households. In fact, once you factored the 30,000 extra bonus points in, it became the best card to use for non-bonus category spending (if you did the extra $16,000 over the first 12 months).
Best Offer No More! 🙁
Unfortunately, it is gone now – and without warning. That is a disappointment because I know many readers had been waiting to get under the 5/24 Chase rule to apply for this. There had not been any type of “Limited-Time Offer” warning so this must have been more of a test balloon than anything else (though it did last for a while).
Tip to Find the Best Offers
Personally, I had lauded Chase for what they did with this offer. I wrote a post about how their move was brilliant in that they were making some great offers available publicly on their home page and not offering them through affiliate or referral channels. This meant that they could take advantage of the knowledge that blogs disseminated without having to pay blogs for the best offers that people applied for.
For Chase, it was kind of 6 one way, half a dozen another. Instead of giving bloggers or websites the $150+ for approvals on the Chase Sapphire Preferred, they turned it into 30,000 extra bonus points for applicants who applied directly through Chase. They were spending roughly the same money, just doing it in different ways.
Most blogs did not even cover this very public Chase Sapphire Preferred offer – even though it was right on the Chase home page. In fact, a TPG post today incorrectly said that the CSP has publicly stayed at 50,000 points the last few years. Obviously not since this 80,000 point offer was open to anyone!
Anyway, my tip to find the best Chase offers is actually very simple – check the Chase home page from time to time. They are apparently starting to use it to launch some very good offers but not giving a timeframe for how long it will last. Just a couple of months ago also, there was a great offer for the Chase Freedom Unlimited that gave 3X points everywhere for the first year! That was an incredible offer and disappeared after a week or so.
After that, they launched this Chase Sapphire Preferred offer. So, I would say that it is smart to look directly at the Chase site to find the best offers going forward. Of course, you can count on my blog and blogs like Doctor of Credit to talk about these better offers also so make sure you check here and there as well! #shamelessplug 🙂