Will Sahppire Ever Offer 100k Again
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Update: Some of the Chase offers beneath are no longer available
Despite the odds and expert predictions, the all-time credit bill of fare deal is withal going strong.
But there's not much time left — a Chase representative has confirmed to NextAdvisor that the last day to score the current 100,000-betoken bonus on the Chase Sapphire Preferred® Bill of fare is Wednesday, Oct. 6. The bonus is available to new applicants after spending $iv,000 in the first 3 months, and went alive in June.
It's 40,000 points college than the card'south standard bonus, with the same minimum spending requirement. According to Chase, 100,000 bonus points are worth $i,250 when you redeem for travel through the Hunt Ultimate Rewards portal. Information technology sweetens the deal on what we already consider the best credit carte du jour with an annual fee nether $100.
Since the offer began, all signs indicated that this 100,000-point bonus wouldn't be sticking around for long. Nosotros've seen similarly swell deals in the past that lasted only a couple months, and experts we spoke with over the summer also predicted the bonus would have expired by now.
What's more, back in August, Chase introduced a slate of new perks to the $95 Sapphire Preferred, forth with its more premium sis card, the $550 Hunt Sapphire Reserve®. Sapphire Preferred cardholders tin can now earn:
- 5x points on all travel purchased through the Hunt Ultimate Rewards portal
- 3x points on dining (including eligible commitment services and takeout), select streaming services, and online grocery purchases
- 2x points on travel not purchased through Chase
- one betoken per dollar on everything else
Cardholders too get a $l almanac credit on hotel stays purchased through the Ultimate Rewards portal and an almanac points bonus equal to ten% of your overall yearly spending. In other words: Between a heaven-high bonus offering and new perks, all for the same $95 annual fee, this is a pretty outstanding move by Chase.
How Long Volition the 100,000-Point Sapphire Preferred Bonus Last?
Now that the Sapphire Preferred bonus has lasted beyond expectations, it'southward a bit more difficult to judge how much longer you might take to sign upwardly if you're yet because the bill of fare. DansDeals.com and The Points Guy (which similar NextAdvisor is owned past Ruby Ventures) offset reported Mon that Chase confirmed the offer would expire Wednesday, Oct. half dozen.
"I would take thought something would have had to give," says Ted Rossman, senior manufacture analyst at CreditCards.com (which is also owned by NextAdvisor's parent visitor, Red Ventures). Rossman thought Chase might have introduced a lower sign-up bonus, a higher annual fee, or eliminated Pay Yourself Back. "I'm pleasantly surprised on all fronts," he says.
Pay Yourself Dorsum is a feature Chase introduced early in the pandemic, which lets Sapphire Preferred cardholders redeem their Ultimate Rewards points for things other than travel at the same 25% boosted value. But instead of letting the do good elapse, Chase extended the plan through Dec. 31.
I of the Sapphire Preferred's main rivals, the Capital One Venture Rewards Credit Card, reduced its welcome offering from 100,000 miles to 75,000 miles after y'all spend $4,000 on purchases within the first three months from account opening — the Sapphire Preferred's standard bonus, Rossman points out. This could signal that the days of the 100,000-bespeak Sapphire Preferred bonus are numbered.
Still, Rossman believes Hunt is happy with how the Sapphire Preferred'south bonus offer has been performing. He predicts the potential long-term value of new cardholders the offer is attracting may be worth any potential short-term losses acquired past the outsized bonus' value.
If you're debating whether or not to take the plunge, Rossman says, "Get for information technology, because it's a neat offer and we don't know how long information technology will concluding."
Source: https://time.com/nextadvisor/credit-cards/chase/sapphire-preferred-still-time-to-earn-100k-bonus/
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