EXPIRED DEAL: Chase Ultimate Rewards: 75,000 point sign-up offer (an increase of 15,000 from April) after spending $4,000 in the first 3-months of being approved for the card – (Chase Sapphire Preferred® Card) and (Chase Sapphire Reserve®)

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Link: Chase Sapphire Preferred® Card
Link: Chase Sapphire Reserve®

Chase has increased the sign-up bonus for both the Chase Sapphire Reserve® and the Chase Sapphire Preferred® Card the new sign-up bonus is now 75,000 after spending $4,000 in the first 3-months of being approved for the card. The previous offer was 60,000. The Sapphire line of cards allow you to transfer points into various hotel and airline point programs. In our opinion, these are two of the best card to hold as a traveler. I personally use Ultimate Rewards points to transfer into Hyatt and United fairly often; those two partners work well with where I’m located and Hyatt has extremely good point redemption options.

A slightly better offer for 80,000 was available around this time last year, but we think this 75,000 point offer is worthwhile as well, especially when considering that we haven’t seen any other offers better than this one for the past 11-months.

You may be able to get a higher point offer by applying in-person at a local Chase branch office. Chase has offered an additional 10,000 to those who could do an increased spending requirement of $6,000 in three months.

The downsides are that these cards have an annual fee. It’s $95 for the Sapphire Preferred and $550 for the Reserve.

There are a few things to point out about this deal:

• I use the Chase Sapphire Preferred® Card to transfer points to airline and hotel programs. This gives me flexibility on which airlines and hotels I use for reward travel.

• This is not the best deal we’ve seen for this card. Last year there was a limited time offer for 80,000 points. We think 75,000 is good, because we haven’t seen a better offer since last years.

• To receive the sign-up bonus, you must spend $4000 or more in the first three months after you receive you are approved for the card.

• This card has an annual fee of: $95

• With Chase, you are likely to be denied if you have opened 5 or more cards with ANY bank within the past 24 months. Chase business cards don’t count towards the 5 card rule, but if you try to apply for one after you have opened 5 or more cards, you will likely be denied. If you are planning to apply for multiple cards, you should consider opening Chase business cards first, then Chase personal cards, and finally any other cards with any other bank.

• You may be able to get a higher point offer by applying in-person at a local Chase branch office. Chase has offered an additional 10,000 to those who could do an increased spending requirement of $6,000 in three months.

• If you get denied and you have good credit, call their reconsideration hotline: 1-888-270-2127. Calling may not change the outcome, but there is a chance it will. You’ll also be able to get better insight in why your application was denied.

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