Chase Sapphire Preferred: New Offer of 80,000 Points

The Chase Sapphire Preferred, a flagship question rewards recognition paper issued by JPMorgan Chase successful the US, has conscionable launched a caller invited bonus of 80,000 Ultimate Rewards points.

This is an breathtaking improvement for anyone who’s looking to rack up the points via US recognition cards, particularly if you’re presently successful the “mid-game” of your US recognition paper strategy.

New Offer of 80,000 Ultimate Rewards Points

The Chase Sapphire Preferred is often considered the perfect introductory paper successful Chase’s wide recognition paper portfolio, and it’s a precise fashionable starting constituent for Americans who play the game.

With the latest invited bonus, you’ll gain 80,000 UR points upon spending $4,000 successful the archetypal 3 months (all figures successful USD). The paper has an yearly interest of $95, which is not waived for the archetypal year.

The Chase Sapphire Preferred has nary overseas speech fees, which means that you tin conscionable the minimum spending done your Canadian purchases, and you’d lone incur an FX interaction if you request to person Canadian dollars into US dollars to wage disconnected your bill.

(Note that the Chase Sapphire Preferred had historically offered up to 100,000 Ultimate Rewards points arsenic a invited bonus, but there’s nary warrant that we’ll spot that connection returning again successful the future.)

Redeeming Chase Ultimate Rewards Points

Chase’s Ultimate Rewards points programme has a assortment of predominant flyer partners, which mostly correspond the astir invaluable mode to walk your points. A fewer redemption possibilities mightiness include:

• World of Hyatt: Redeem points astatine a large worth for Hyatt edifice stays
• Virgin Atlantic Flying Club: 72,500–85,000 miles would beryllium capable for a one-way formation successful ANA First Class
• Singapore Airlines KrisFlyer: The lone programme that tin publication a immense bulk of Singapore Airlines’s luxurious premium cabins
• Avianca LifeMiles and United MileagePlus: Alternative programs to publication Star Alliance premium flights compared to the easy accessible Aeroplan points we person successful Canada

Out of the above, the Hyatt concern arguably offers the top “comparative advantage” erstwhile redeeming Chase points.

That’s due to the fact that Chase Ultimate Rewards is the lone large transportation spouse of the World of Hyatt program, whereas the different transportation possibilities tin beryllium accessed done alternate means.

Redeem 20,000 Ultimate Rewards points for a nighttime astatine the Park Hyatt Shanghai

Virgin Atlantic and Singapore Airlines miles tin each beryllium accessed done easier-to-earn Canadian and US points currencies, portion Avianca and United miles would beryllium redeemed towards the aforesaid flights that you’d publication done the easier-to-earn Aeroplan program.

In addition, Chase Ultimate Rewards points tin besides beryllium converted to Aeroplan astatine a 1:1 ratio.

Again, let’s deliberation backmost to the conception of comparative advantage. Converting Chase UR points to Aeroplan mightiness not beryllium the astir value-adding opportunity, since we person plentifulness of methods for earning Aeroplan points present successful Canada already.

However, if you’d similar to ore your earning efforts successful the Aeroplan program, past the existent signup bonus connected the Chase Sapphire Preferred tin besides beryllium viewed arsenic a mode to gain 80,000 Aeroplan points too.

Applying for Chase Cards for Canadians

Most Americans with a recognition past tin use for a Chase Sapphire Preferred arsenic the starting constituent successful their recognition paper journey.

However, for Canadians who dabble with US recognition cards, you’d typically request to physique astatine past 1 year’s worthy of recognition past (and often more) earlier Chase volition o.k. you for a card.

Canadians are mostly advised to statesman with American Express US cards via Global Transfer oregon Nova Credit, beef up their recognition past with different 1 oregon 2 Amex US products during the archetypal year, and past use for their archetypal Chase recognition paper astir the 12-to-18-month people of their US recognition paper journey.

Unless you already person an SSN from surviving oregon moving successful the US, it’ll besides beryllium important to use for an Individual Taxpayer Identification Number (ITIN) successful the meantime, since Chase requires either a SSN oregon an ITIN to process your recognition paper application.

Even then, the exertion whitethorn get declined initially owed to your comparatively caller recognition file. In these cases, a reconsideration petition tin often propulsion the exertion through, particularly if you’ve demonstrated accordant outgo past and tenable utilization crossed aggregate recognition lines.

At the aforesaid time, successful the archetypal 12 to 18 months of your recognition history, you should besides beryllium cautious not to unfastened too galore personal recognition accounts if you’re funny successful getting Chase cards down the line.

That’s due to the fact that Chase enforces the infamous “5/24 rule”, successful which your exertion for a Chase paper volition beryllium automatically declined if you’ve opened 5 oregon much recognition cards successful the past 24 months.

(Remember, concern recognition cards issued by Amex US bash not study to your idiosyncratic recognition file, and truthful volition not number towards your wide recognition health. On the different hand, this means that Amex US concern cards tin beryllium obtained without impacting your Chase 5/24 status, truthful it’s a spot of a double-edged sword.)

Altogether, this means that the invited bonus of 80,000 UR points tin beryllium precise breathtaking for those of you who had already started connected your US recognition paper travel astir 1 twelvemonth ago; however, if you’re conscionable starting retired now, past it’ll inactive beryllium a portion until you’re eligible for your archetypal Chase card.

Conclusion

The Chase Sapphire Preferred, agelong considered the champion starting constituent wrong Chase’s recognition paper portfolio successful the US, is present offering 80,000 Ultimate Rewards points upon spending $4,000 successful the archetypal 3 months.

While this isn’t an all-time-high invited bonus connected this card, it’s 1 of the champion nationalist offers we’ve seen successful a fewer years, truthful now’s the clip to instrumentality enactment and use if you’ve built up a twelvemonth of US recognition past but haven’t applied for this paper yet.

There’s nary published extremity day connected this offer, though it’s apt that we’ll spot it sticking astir passim the caller fewer months.

In the past, we’ve often heard rumours swirling astir the assemblage erstwhile a large Chase signup bonus was acceptable to extremity soon, truthful support your ears adjacent to the crushed if you request to hold conscionable a fewer much months to beef up your US recognition record earlier applying.

The station Chase Sapphire Preferred: New Offer of 80,000 Points appeared archetypal connected Prince of Travel by Ricky Zhang.