My Experience with the Chase Sapphire Preferred Card
For those just getting into the credit card churning game, the Chase Sapphire Preferred card is a fantastic way to start. Chase Ultimate Rewards is esteemed as being one of, if not the best credit card programs to maintain with.
They transfer instantly on a one-to-one ratio to United/Continental and Hyatt, in addition to Southwest, Korean Air, Marriott, Priority Club, and Amtrak. In addition, they give out a 7% annual bonus on ALL points earning. I should also mention that their customer service is amazing. Every time I have called them, I answered IMMEDIATELY by a real, breathing, non-outsourced, human being. And, for a while there is been a 50,000 Ultimate Rewards bonus for spending $3,000 on the card within 3 months.
But be forewarned. A number of other travel bloggers –Mommy Points, One Mile At a Time, The Points Guy, and View From the Wing have already suggested that now is the time to act in order to churn the card for 50,000 Ultimate Rewards points. Other deals may come along, but the word on the street is this bonus offer will be gone by mid-March or so.
You can click here to sign-up for card and 50,000 points bonus.
I had seen this deal around for a while, and decided back in November to get in on it. As I posted in my year-in-review post, I noticed at the end of December 50,000 points had posted to my account. I thought maybe Chase had decided to post my bonus early, after having already made a couple of payments on the card. But I was wrong.
To my sheer delight, received a letter from in the mail from Chase earlier this week:
RE: Your account ending in XX
Dear Mr. Burchfield:
As your credit card company, we value your business. We are writing in response to your inquiry about your Chase Sapphire points and to explain the actions we have taken on your behalf.
We are pleased to tell you that we have added 50000 points to your account. You will see this adjustment on one of your next two billing statements.
Your satisfaction is important to us.
While I do know that it is possible for individuals to leverage their loyalty/business with a company for points, I had never heard of a company voluntarily leveraging points in exchange for loyalty. I have not had any prior account with Chase, which may have been the key factor. From a business standpoint, they are willing to provide a new (and unproven) customer a very generous points bonus in order to gain loyalty with them.
I have not heard of this happening to anyone else, but I tend to believe it only applies if you have never had an account with Chase before. If this is you, it is all the more of a reason to apply for a Chase Sapphire Preferred Card.
In full disclosure, I do not currently receive any referral bonus if you sign-up via my link.