Nov 18, 2013, 5:01 pm
Last edit by: philemer
Moderator caution: Referral offers -or- links are NOT permitted in any thread in the Chase forum. Instead, see: Credit card referral offers (post only in this thread, read Wikipost first Please do not post ANY application links in the Wikipost or thread, even if you think they are not referral links. If you think there is an extraordinary circumstance where the link is difficult to find elsewhere, consult with a moderator before posting.
What is the best current offer?
What is the best current offer?
A. Beginning April 14, 2022, the public offer has been increased to 80,000 Bonus Points After You Spend $4,000 On Purchases In The First 3 Months From Account Opening. Annual fee [$95] is not waived. This offer is now publicly available. Based on some datapoints, it may be possible to get this offer at your local Chase branch with a one year waiver of the annual fee.
For any CSP offer, be sure to check the pricing details before applying. Normally, the annual fee for the CSP for year 2 and later is $95; however, in mid-2014 and then again more recently, Chase began randomly changing the pricing for some visits to the pages above, with AF as high as $150. If you get a page with that higher pricing, try reloading the page.
For any CSP offer, be sure to check the pricing details before applying. Normally, the annual fee for the CSP for year 2 and later is $95; however, in mid-2014 and then again more recently, Chase began randomly changing the pricing for some visits to the pages above, with AF as high as $150. If you get a page with that higher pricing, try reloading the page.
Q. Can I apply for this card and earn the bonus after doing so previously?
A. This card is subject to the Chase 5/24 policy. For details, see the wiki and related discussion in Applying for Chase Credit Cards, 2017 onward.
As of August 2018, all Chase Sapphire cards are subject to an additional restriction:
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.
Q. I'm an authorized user for a card issued to my spouse/parent. Does that prevent me from signing up for the same card and earning a bonus?
A. No, being an authorized user does not prevent you from obtaining your own card / bonus.
Q. I just met the spend requirement. When will I receive my signup bonus points?
A. In most cases, your bonus will be credited after the close of the monthly billing cycle in which you meet the spend requirement. (Chase never posts signup bonuses mid-cycle.)
However, owing to a quirk in Chase's system, bonuses associated with charges incurred in the last ~7 days of a billing period may not post until the end of the following billing period. This is true even if the charges appear on your current statement and generate the standard number of points per dollar spent.
Thus, if you meet your bonus spend threshold late in your billing cycle, you may not receive the corresponding signup bonus until the following month. Calling Chase to complain will not change this, so be patient and enjoy your points when they finally appear.
Q. What's the value of a UR point? What are the best redemption options?
A. Because these questions are not specific to the Sapphire Preferred card, see discussion in the following separate threads:
Q. What are the benefits of this card other than UR points?
Benefits Guide https://www.chasebenefits.com/sapphirepreferred
A. See the discussion in Chase Sapphire Preferred Benefits Thread, especially the source documents referenced in the wiki.
Other discussion
Which travel booking sites qualify for 2x points on CSP?
To review previous Sapphire Preferred thread, click HERE.
Chase Sapphire Preferred (CSP) : 60K , $4k spend, $95 fee. (2013-2023)
Aug 19, 2021, 9:07 pm
#1621
Join Date: Jan 2016
Posts: 613
It takes about 7-10 days for the physical card to arrive. So it is cutting it close if you plan a big purchase or starting a trip within the mailing period.
If the car dealer does not accept the Apple wallet, you can always postpone the car purchase for a few days if putting that spend on it is important to you.
If the car dealer does not accept the Apple wallet, you can always postpone the car purchase for a few days if putting that spend on it is important to you.
Have been able to put some of vacation spend on card but still have $3,900 to go
Aug 19, 2021, 11:16 pm
#1622
Moderator: Hyatt; FlyerTalk Evangelist
Join Date: Jun 2015
Location: WAS
Programs: :rolleyes:, DL DM, Mlife Plat, Caesars Diam, Marriott Tit, UA Gold, Hyatt Glob, invol FT beta tester
Posts: 18,946
I would trim those excess credit lines by sending Chase a SM asking them to reduce the credit line for a particular card to a lower amount. (I would do one card per SM to make live easy for the agent) It usually get done within 12 hours and I would get a SM saying it is done.
I don’t think it’s worth trying to lower a CL on your cards to “make room” for future applications. If you get rejected for a card and suspect it is because Chase isn’t willing to extend you more credit, you can call Chase to recon and reallocate credit to the new card.
Aug 20, 2021, 4:13 am
#1623
Join Date: Aug 2015
Location: SFO
Programs: AS 75K (OW), SK Silver (*A), UR, MR
Posts: 3,347
If you over time keep your utilization at 1-2%, it’s also unlikely any CCC will lift an eyebrow if one day you’re at 5%. Or that you wouldn’t get back any of the credit that you have released.
For me always. I have no desire to negotiate such matter with someone on the phone. If it comes to that, it’s already too late. I’m only interested if I’m considered good enough to begin with.
Aug 20, 2021, 5:40 am
#1624
Join Date: Apr 2021
Location: Manhattan, Palm Beach Island, San Francisco, Boston, & Hong Kong
Programs: Lifetime United Global Services, Delta Plat, Hyatt Globalist, Marriott Ambassador, & Hilton Diamond
Posts: 3,165
There’s also the issue of your bust out score. However, I doubt anyone asking the bank to lower their CL for a credit card is the type of person to be doing stuff that gets them flagged for that.
Aug 20, 2021, 6:53 am
#1625
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
I don’t worry about fluctuations to my credit scores that come from reducing/reallocating/expanding credit lines. Any score fluctuations which I see in recent years have been oscillations within a range that doesn’t materially change anything for me.
If on a new card account Chase gives a credit line limit that ends in a $__,X00 amount where X ≠ 0, isn’t that more likely to be a sign of having hit Chase’s personal card lending limit unless and until Chase gets an updated income figure?
Consumer card payment habits are now much more likely to involve multiple payments being made so as to cover big purchases much closer to when the transactions are made than used to be the case. So it’s well possible to have a $10k credit limit on a Chase card and yet have managed to charge $30k-$60k within a month on such card — and sometimes that is done without the utilization of the account ever even getting into the double digits.
If on a new card account Chase gives a credit line limit that ends in a $__,X00 amount where X ≠ 0, isn’t that more likely to be a sign of having hit Chase’s personal card lending limit unless and until Chase gets an updated income figure?
Originally Posted by WasKnown
Sure. It’s much easier to be under 2% with a higher credit limit. You realize 2% of $10K is $200 right? Unless you’re cycling your balance (which is worse obviously), you will need a pretty high credit limit to put even modest spend on your CC and remain under 2%.
Last edited by GUWonder; Aug 20, 2021 at 7:02 am
Aug 20, 2021, 7:46 am
#1626
Join Date: Aug 2015
Location: SFO
Programs: AS 75K (OW), SK Silver (*A), UR, MR
Posts: 3,347
Consumer card payment habits are now much more likely to involve multiple payments being made so as to cover big purchases much closer to when the transactions are made than used to be the case. So it’s well possible to have a $10k credit limit on a Chase card and yet have managed to charge $30k-$60k within a month on such card — and sometimes that is done without the utilization of the account ever even getting into the double digits.
Aug 20, 2021, 7:49 am
#1627
Join Date: Apr 2021
Location: Manhattan, Palm Beach Island, San Francisco, Boston, & Hong Kong
Programs: Lifetime United Global Services, Delta Plat, Hyatt Globalist, Marriott Ambassador, & Hilton Diamond
Posts: 3,165
I don’t worry about fluctuations to my credit scores that come from reducing/reallocating/expanding credit lines. Any score fluctuations which I see in recent years have been oscillations within a range that doesn’t materially change anything for me.
If on a new card account Chase gives a credit line limit that ends in a $__,X00 amount where X ≠ 0, isn’t that more likely to be a sign of having hit Chase’s personal card lending limit unless and until Chase gets an updated income figure?
Consumer card payment habits are now much more likely to involve multiple payments being made so as to cover big purchases much closer to when the transactions are made than used to be the case. So it’s well possible to have a $10k credit limit on a Chase card and yet have managed to charge $30k-$60k within a month on such card — and sometimes that is done without the utilization of the account ever even getting into the double digits.
If on a new card account Chase gives a credit line limit that ends in a $__,X00 amount where X ≠ 0, isn’t that more likely to be a sign of having hit Chase’s personal card lending limit unless and until Chase gets an updated income figure?
Consumer card payment habits are now much more likely to involve multiple payments being made so as to cover big purchases much closer to when the transactions are made than used to be the case. So it’s well possible to have a $10k credit limit on a Chase card and yet have managed to charge $30k-$60k within a month on such card — and sometimes that is done without the utilization of the account ever even getting into the double digits.
Aug 20, 2021, 7:53 am
#1628
Join Date: Apr 2021
Location: Manhattan, Palm Beach Island, San Francisco, Boston, & Hong Kong
Programs: Lifetime United Global Services, Delta Plat, Hyatt Globalist, Marriott Ambassador, & Hilton Diamond
Posts: 3,165
Also, I wonder if anyone has thoughts on when this elevated SUB might change? The supposed end date has already passed. Currently earned about 405K UR from this (300K sub, 105K referral) but, after getting distracted by the Amex Plat 125 + 15x offer, I want to refocus some personal slots on UR.
Aug 20, 2021, 5:41 pm
#1629
Join Date: Nov 2011
Location: Virginia
Programs: HHonors Gold, IHG Platinum, Marriott nobody
Posts: 470
Aug 20, 2021, 8:26 pm
#1630
Join Date: Nov 2011
Location: Virginia
Programs: HHonors Gold, IHG Platinum, Marriott nobody
Posts: 470
I have also never had to worry about not getting enough credit line. I have more than enough as is, and it does not matter any way because my credit utilization is usually zero.
Aug 21, 2021, 1:34 am
#1631
Moderator: Hyatt; FlyerTalk Evangelist
Join Date: Jun 2015
Location: WAS
Programs: :rolleyes:, DL DM, Mlife Plat, Caesars Diam, Marriott Tit, UA Gold, Hyatt Glob, invol FT beta tester
Posts: 18,946
https://www.experian.com/blogs/ask-e...t-utilization/
"It's also important to understand that credit card companies generally report your account balance around the end of your billing period. As a result, you could have a high utilization ratio even if you pay your bill in full, because the bill usually isn't due until around 21 to 25 days after you receive it."
Aug 21, 2021, 5:18 am
#1632
Join Date: Nov 2011
Location: Virginia
Programs: HHonors Gold, IHG Platinum, Marriott nobody
Posts: 470
.. not sure about this implication either, unless you literally never use your cards. My understanding is that utilization is factored into your credit score on an ongoing, snapshot-in-time sort of basis and does not necessarily reflect all zeroes just because you pay off in full every month (which I do too and I suspect most of us in the CC game, because the interest is usurious, as you mentioned, and that quickly negates the value of any points/benefits)
https://www.experian.com/blogs/ask-e...t-utilization/
"It's also important to understand that credit card companies generally report your account balance around the end of your billing period. As a result, you could have a high utilization ratio even if you pay your bill in full, because the bill usually isn't due until around 21 to 25 days after you receive it."
https://www.experian.com/blogs/ask-e...t-utilization/
"It's also important to understand that credit card companies generally report your account balance around the end of your billing period. As a result, you could have a high utilization ratio even if you pay your bill in full, because the bill usually isn't due until around 21 to 25 days after you receive it."
Aug 21, 2021, 5:31 am
#1633
Join Date: Nov 2011
Location: Virginia
Programs: HHonors Gold, IHG Platinum, Marriott nobody
Posts: 470
I found this to be very true. Once someone's FICO get into the Excellent category, there is not much difference between 800 or 820 for most consumers.
Aug 21, 2021, 6:25 am
#1634
Join Date: Aug 2015
Location: SFO
Programs: AS 75K (OW), SK Silver (*A), UR, MR
Posts: 3,347
Reporting a balance is a reference to the statement date and as such has a direct impact on your credit score. Carrying a balance is a reference to the due date and merely reflects on paying interest.
Last edited by vanillabean; Aug 21, 2021 at 7:40 am
Aug 21, 2021, 7:32 pm
#1635
Join Date: Apr 2021
Location: Manhattan, Palm Beach Island, San Francisco, Boston, & Hong Kong
Programs: Lifetime United Global Services, Delta Plat, Hyatt Globalist, Marriott Ambassador, & Hilton Diamond
Posts: 3,165