Chase Sapphire Preferred

Several others, including the Frequent Miler, have confirmed the minimum spend requirement on the Chase Sapphire Preferred credit card is increasing to $4,000 starting on Monday. The signup bonus is rumored to remain the same with 40,000 points offered if you meet the minimum spend requirement in 3 months. Additionally, you can earn an extra 5,000 points if you add an authorized user. So the real difference is instead of having to spend $3,000 to unlock the signup bonus, starting Monday you will have to spend $4,000 to get the signup bonus. This begs the questions – should I apply for the Chase Sapphire Preferred Card before Monday?

The spending requirement goes up to $4k on Monday

If you were planning to get this card in the near future anyway, then the answer is obviously yes – spending $3,000 to get a signup bonus over 3 months is easier & better than spending $4,000. If you were on the fence or just getting started in the points & miles games, I think the answer is still yes. For many people and especially beginners, I consider this card to be the best overall card if I could only have one credit card. Here’s why:

Great Signup Bonus – 40,000 points + extra 5,000 points if you add an authorized user in the first 3 months
Double Points on all Travel and Dining Expenses – These are generally people’s largest expenses so it makes sense to maximize points earned in these categories
Valuable & Flexible Points – The Chase Ultimate Rewards program is great as you can transfer points to several airlines (United, Southwest, British Airways, etc.) and hotel programs (Hyatt, Marriott, IHG etc.)
No Foreign Transaction Fees – I always use this card overseas
Annual Fee Waived – The annual fee of $95 is waived for the first year so no upfront cost to you

Chase Sapphire Preferred Application Link

For some people the additional $1,000 spending requirement will not present a problem as either your normal spending habits or ability to manufacture spend can cover the $1,000 increase. Additionally, I wouldn’t go out of my to apply for this card if it doesn’t fit in your application strategy or you just applied for several other Chase credit cards recently. But for those still debating it, I would apply before the weekend is up to avoid having to spend another $1,000 to get the same signup bonus.

While I do not have any affiliate links, I occasionally do have referral links in which I must be a current card member to refer others. The links above are my referral links as this is the best offer publicly available. If you are approved, I will receive some bonus points from Chase. Thank you for your support!

It sure seems like June is the refer a friend month as several banks and other travel related companies have increased the signup bonuses on their credit cards or travel products! In all these cases below, an existing user can refer their friends to earn extra points or miles. So have your significant other, best friend, or family member refer you, so you are guaranteed to get the best offer possible but while also allowing the referrer to get a small bonus. If you need a referral for any of these products below, please contact me at ralph@pointscentric.com

1) Chase Sapphire Preferred – This is the best all around credit card in my opinion and it has a signup bonus of 40,000 points after spending $3,000 in 3 months. It earns 2x points on travel and dining expenses, has a 7% annual divided on all points earned and offers flexibility in its rewards as Chase Ultimate Rewards points transfer out to many different airlines and hotels including United, Southwest, Hyatt, Marriott etc. The annual fee of $95 is waived for the first year.

My referral link – HERE. This expires on June 20th.

2) Chase Freedom – This is an underrated card in the Chase Family that is currently offering an increased signup bonus of 22,500 points or $225 cash back after spending $500 in 3 months and adding an authorized user instead of the usual offer of $100 cash back. It has no annual fee so this is a keeper for life and is a good way to always maintain a strong relationship with Chase. The strong suit of this card is it offers 5x points or 5% cash back on different categories each quarter which is unheard for a no annual fee card. Additionally, this card is marketed as a cash back card but if you have a Chase Sapphire Preferred or Ink Bold, you can actually turn the Freedom’s points into transferrable points instead of just cash back. This is a pretty powerful tool as the points are more valuable when transferred to airlines or hotels then just used for cash back.

My referral link – HERE. This expires on June 20th.

3) Starwood American Express – I’ve already detailed this offer in a prior post but it remains the highest offer ever for this credit card. Check out my previous post for more detailed information but the signup bonus is 30,000 points after spending $5,000 in 6 months. Please note the public offer does match this offer now.

My referral link – Please email me your email address and via Amex, they will send you the link for the offer. This expires on June 30th.

4) Southwest Frequent Flyer Account – The first non credit card on the list but as I’ve written before, you can earn 750 miles simply for signing up for a Southwest Frequent Flyer Account. If you’ve followed my advice at all, you probably already opened an account but if not, open one now for a free 750 points when referred by an existing user.

My referral link – Please email me your email address and via Southwest, they will send you the link for the offer. This expires on June 15th.

5) Award Wallet – Another deal I’ve written about before as this is simply the best way to track your points and miles for free. I now can offer a free upgrade to an Award Wallet Plus account (usually $5+ for an upgraded account) using promo code ” free-rxlcee “. The upgraded account offers some higher level tracking and displays expiration dates for all your accounts.

My referral link – HERE. This does not currently expire but the free upgrade coupon is only valid for the first 9 users.

Please note the links above do offer me a small bonus for referring a new customer. If you know someone personally who can refer you by all means use them but if not, I do appreciate the support if you would use my links. They are the best available offers

PointsCentric

Points & Miles Travel Consulting

Chase Sapphire Preferred

*Please note the links above do offer me a small bonus for referring a new customer. If you know someone personally who can refer you by all means use them but if not, I do appreciate the support if you would use my links. They are the best available offers*

Please note the links above do offer me a small bonus for referring a new customer. If you know someone personally who can refer you by all means use them but if not, I do appreciate the support if you would use my links. They are the best available offers