Update: This Chase Sapphire Preferred 100K bonus with waived fee is still available in branch as of November 8th. The $50 grocery credit is no longer available. Find a Chase branch near you. This offer could end tomorrow based on information from one banker. HT: (TwelveBall)
Chase has launched a new best ever public offer for the Chase Sapphire Preferred card. You can now earn 100,000 Ultimate Rewards points when you apply and are approved for the card. However, there’s also an option to have the fee waived and get an additional $50 credit. This is only available at a Chase branch and probably not for long. I mentioned this option when I first wrote about the new 100K offer, but it looks like it is still available, and there’s also a memo sent out to bankers that details the offer.
Once you spend $4,000 on purchases in the first three months, you will receive 80,000 points and also get a separate credit for 20,000 points on the same day. Add the $50 credit and waived fee, and this gets about $145 better than the online offer.
The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.
This card also falls under the Chase 5/24 rule which means that if you’ve had 5 or more new credit cards in the last 24 months, your application will be declined.
Chase Sapphire Preferred is a good product that gets you some extra benefits, but the main attraction right now is the 100,000 Ultimate Rewards points bonus. That’s worth at least $1,250 when redeemed for travel or through Pay Yourself Back. This in-branch offer makes the welcome bonus even better with the $50 credit and the waived annual fee.
This Chase Sapphire Preferred 100K bonus with the $95 annual fee waived will probably not last long. So head to a branch now before it’s gone.