Posted by Chuck on March 8, 2019
Credit Cards

Published on March 8th, 2019 | by Chuck

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[Rumor] Chase Sapphire Preferred Signup Bonus will Soon Change to 60,000 with $95 Fee (instead of 50,000 with fee waiver)

We wrote about a rumor coming from multiple sources of an impending change to the Chase Freedom Unlimited signup offer. Instead of the current $150 signup bonus, the new bonus will be 3x everywhere during the first year. Reader Jeff chimed in that his wife works for Chase and confirmed the rumor, but indicated there’d be a $20,000 limit on that first-year earning offer.

Reader Jeff added further that the Chase Sapphire Preferred card will soon revert its signup bonus from 50,000 points to 60,000 points. The new 60k offer will not waive the $95 annual fee whereas the current 50k offer does waive that.

It’s not a major difference, but I think most readers would prefer the extra 10,000 Ultimate Rewards points along with the $95 annual fee, so this is your headsup that the bonus will likely be changing soon.

These changes are slated to come before the end of March. Just remember, as always, most of us are not eligible for Chase credit cards due to the 5/24 rule.



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Clayton
Clayton

You think if we signup for 50K now, we could match to 60K when it changes?

William Charles

Usually not possible when there is a change in the AF waiver

HelpyBoi
HelpyBoi

Chase usually an interpretation of the CARD act to say that the annual fee cannot be changed in the first year, and so you can’t be upgraded to the 60K point offer.

Abey

We would be happy with 40,000 and a $95 fee if 5/24 rule does not apply 😊

Hari
Hari

Totally!

Matthew
Matthew

True

Ihor
Ihor

To me 48 month rule is a bigger concern. I got my CSR with 100K signup in 2016 which was latter downgraded to CFU. Now, I’m stuck with the card that won’t let me transfer UR points to travel partners. I wonder whther I should open CSP or CSR without signup bonus, use all UR points and open another one in 2020 (48 month after I received sign up bonus in 2016). Am I missing something?

JD
JD

Is there a reason you don’t want to just upgrade the CFU back to CSP/CSR and save the 5/24 spot?

Ihor
Ihor

I’m an amateur )) and only downgraded to no fee cards so far. I didn’t think about upgrade. I’m under 5/24 and this isn’t my concern, but opening a new CSP would save me $95 in annual fee. Opening CSR could be a better idea in my case.

DCJoe
DCJoe

Get the Ink Preferred if you are under 5/24. You will get a big bonus and that card has all the transfer capabilites of the CSR/CSP, and you can move your CFU points over. And it won’t add to your 5/24 count because it is a business card.

Ihor
Ihor

Good idea. Thanks.

Tessarect
Tessarect

Anyone know if Ink Preferred business card shows up on your personal credit report? My Wells Fargo Platinum Business card did not. Thanks.

YoniPDX
YoniPDX

I wonder if the 60K UR will still stack with a P2 referral – the 3X would have been interesting and made this pretty sweet deal except for 3X with travel and rental coverages of the CSR.

Ben
Ben

Wonder what this means for the Reserve bonus…. the fee is already not waived, but it would be odd for the top card in the family to have a lower bonus than the mid-range.

Charlie
Charlie

Citi used to frequently offer a larger bonus on its Premier mid-range card than on the Prestige top card, so it’s not unprecedented.

Paul
Paul

I’m with you, it seems to push you towards CSP over CSR given the “one sapphire bonus” rule

frogger
frogger

I would rather pay nothing for 50k points than $95 for 60k but doesn’t matter because its Chase.

Matthew Greer
Matthew Greer

Just curious why? Worst case is that you cash out the 10,000 points for a $100 statement credit and come out $5 ahead. Best case is that you can eek out $150-$200 in real value from the extra 10,000 points.

MarcoPolo
MarcoPolo

How do you get $150-$200 in real value from the extra 10,000 points ?
Thanks

Frank Rizzo
Frank Rizzo

Transfer partners

Ralph
Ralph

Count me in if true. I’ll gladly pay $95 for $150 in minimum value. In addition and in some odd way I’ve never signed up for either the CSP or CSR over the 6 or so years that I’ve been focused on credit card perks. Package the bonus and its 1.5 lift on the 600,000 or so URs I will have and I’ll be a happy traveler.

Ralph
Ralph

Nevernind. Read the OP too quickly and was thinking CSR.

Peter Sagal
Peter Sagal

William Charles and others, what’s the easiest and fastest way to check and count whether or not you’re 5/24 or not? Do you use a free site like Credit Karma or others to check and count? I’ve been wondering for a while. I don’t apply for too many credit cards, so up until this point I’ve never bothered to count to see whether I’m 5/24 or not. But now I might be getting close or maybe already passed the 5/24 but not sure. I tend to apply for a new card about once every 6 months or so but it changes year by year. Also, what about like say for example a few years ago where I applied and got three credit cards at the same time from the same bank? would that count as 1 or 2? and how about how I was recently offered a credit card from a different bank but was pre-approved, so I didn’t actually need to ‘apply’ and therefore never got a credit inquiry?

USam
USam

You can look it up in Credit Karma to see when each credit card was opened (and if you’re the primary cardholder or authorized user).
5/24 has to do with the amount of credit card accounts opened. It has nothing to do with credit inquiries. If you have 5 credit cards opened in the last 2 years, even with 0 credit inquiries you’re still over the 5/24 threshold. If you have 4 or less, even if you have 10 hard pulls on your credit you’re under 5/24 (but might be denied for different reasons).

Rowan
Rowan

I found that counting via the old Credit Karma link posted in this article was nice and simple:

https://frequentmiler.boardingarea.com/3-easy-ways-count-5-24-status/

Rhea
Rhea

I closed this card in Jan end and forgot to transfer my 75K points earned and now they are gone…… anyway I can get them reinstated? Online azzhole customer service and chase tweet service refused to do so🤬

quasimodo
quasimodo

only yourself to blame…

Paul
Paul

You’re probably SOL

Peter Sagal
Peter Sagal

gone forever

Rhea
Rhea

I agree I screwed up but any way to recover?

Joshua
Joshua

I think you mean 48 month rule for sapphire cards.

scott
scott

The 48 month rule just means you can’t get the bonus if you’ve gotten it in the past 48 months. It’s not related to the 5/24 rule.

Dan
Dan

To clarify Joshua’s comment…. From the current 50k offer and I assume it will be the same for the new offer…

“50,000 Bonus Points after you spend $4,000 on purchases in the first 3 months from account opening
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.”

scott
scott

This is good. I was planning on getting this card in May or June. I’d gladly pay $95 for an extra 10,000 points.

Dilip
Dilip

Chase Ultimate Rewards are no better than other points programs now that they have eliminated the lowest price tickets from their travel inventory. ALWAYS find better priced tickets on other travel sites for the last 2 years. But the first year Sapphire was introduced they had the same inventory as Orbitz, Expedia, etc.

Mike
Mike

The UR Travel Portal is Expedia.

AkJohnny
AkJohnny

but more limited availability to use UR points. 🙁

Austin
Austin

Is the 48 month rule still a thing? I last got a CSP in November of 17.

San
San

Austin Yup.

Mike V
Mike V

When…when…when…? Will gladly take a CSP @60,000. Just finished my spend on the CIP so ready for this.

David Anto
David Anto

I just got the offer for 60,000 points after you spend $4,000 on purchases in the first 3 months from account opening with $0 Introductory Annual Fee the first year, then $95.

https://imgur.com/gzP7eSE

David
David

Do you already have a chase credit card and/or sapphire card. I’m trying to understand the one sapphire rule, however I would like to see if I can get this offer in branch. Applied and approved for the CSR Dec.2018. Before that was Amex Plat. Aug.2018?

David Anto
David Anto

I have a Freedom Unlimited and an Amex Everyday card.

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