Thanks to Daraius at Million Mile Secrets and a reader of his for pointing out that the sign-up bonus on the Chase Sapphire Preferred card has dropped to 40,000 Ultimate Reward points in some spots on Chase’s own website. This is not good news since that card has been one of the most popular rewards credit cards in the frequent flyer community since it came out. However, it is not overly surprising since the offer has not changed since the card was introduced, the sign-up bonuses from some competitor cards (like the Amex Premier Rewards Gold) card are lower, we were warned a few months ago that the 50,000 point sign-up bonus was “limited time” only, and March was around the time that it was strongly hinted the offer may change.
The good news is that 40,000 points is still a good offer. I am glad that it didn’t drop to 25,000 like the Amex Premier Rewards Gold card. The better news is that you can still apply for the Sapphire Preferred 50,000 Ultimate Reward point offer.
Update: The best available offer is now 40,000 points and is available here.
I don’t know for sure if the 50,000 point offer will truly go away, or it will just get harder to find (like the Chase Southwest 50,000 point offer). However, as Daraius points out, it makes little sense for Chase to pay affiliates like me to market an inferior offer than they are offering directly, so I would not be surprised if the offer I am able to promote also decreases in the near-ish future. This is just my guess based on the info that is available. I would certainly like to be wrong about that.
The Sapphire Preferred is a rock solid card that I personally have and use almost daily. It has no foreign transaction fees, gives a 7% dividend on all points earned for the year annually, provides access to the lucrative Ultimate Rewards shopping portal, gives 2x points for dining and travel, earns points that transfer 1:1 to United, Hyatt, Marriott, British Airways, plus others, and pairs beautifully with the Chase Freedom and Chase checking accounts to provide even more bonus points.
I’m not saying you have to apply right now or you will never get the 50,000 point bonus, but I do want you to be aware of the direction that the sign-up bonus may be heading, at least in the short-run. I’ll keep you posted if I get any additional info.
Disclosure: I do receive a commission if you are approved for this card by using my link. As always, your support is greatly appreciated.