Please note: this promotion has ended
I wrote a couple of days ago about Chase dropping the sign-up bonus on their website from 50,000 points to 40,000 points on their Chase Sapphire Preferred card after spending $3,000 within three months.
At the time it wasn’t entirely obvious whether it was an error or a sign of the bonus dropping across the board, though unfortunately it’s becoming clearer and clearer. As far as I can tell they’ve now updated the sign-up bonuses across the board on their website, and also updated their marketing materials to reflect the reduced bonus, even for TV ads.
The only links that still offer the full bonus are the affiliate links. I can’t imagine this is intentional, since I’ve never before seen Chase offer a better sign-up bonus to their affiliates than what they’re offering directly (after all, they incur an additional expense by having someone sign-up through an affiliate link).
Typically the affiliate marketing agencies will send us emails telling us to update details of the cards when the sign-up bonuses change, though no such email has been sent out yet. I’m not sure whether this is an oversight or they plan on yanking it over the weekend or next week, though I’d say with near certainty they’ll give us updated links soon reflecting the lower bonus. The email may very well be one that tells us to update the link immediately with the old offer being deactivated, as opposed to providing advance notice.
If you haven’t signed up for the Chase Sapphire Preferred card yet, you really should. I’ve promoted it so heavily because there’s a drought of good offers right now, and this is both the best sign-up bonus and best all around credit card in the market right now, in my opinion. You can read all about the benefits here, including double points on dining and travel, no foreign transaction fees, and more. Best of all, the points can be transferred to some of the most valuable points programs, including Hyatt and United.
I know a lot of people have been holding out for a better sign-up bonus, though I think it’s safe to say that it’s not happening, at least not anytime soon.
So anyway, to make this a bit fun, let me know in the comments section when you think Chase will pull the 50,000 point sign-up bonus affiliate links. I’ll randomly select one person who I’ll gift 10,000 Ultimate Rewards points. I’ll run the giveaway through 11:59PM ET on Sunday, March 25, and each person can enter once.