UPDATE: This offer is expired. You can find the current application, bonus, and benefits here.
Tomorrow is going to be the worst day for credit card sign-up bonuses in a long time. At 10AM eastern the Chase Sapphire Preferred 50,000 point sign-up bonus is being pulled. If only it were a cruel late April Fools’ joke.
As I’ve mentioned several times before, Chase has only been directly offering a 40,000 point sign-up bonus on the card for a couple of weeks now, though the affiliate links (like mine) still offer 50,000 points until tomorrow morning.
The card has amazing benefits which I’ve covered a hundred times before, including no foreign transaction fees, double points on dining and travel, and access to an amazing shopping mall that can earn the average person tens of thousands of bonus points per year.
So rather than rehash all that, let me point out four things:
- This card will boost your confidence and get you dates. Do you have any clue how gratifying it is to hear on a near daily basis “wow, I’ve never seen one as thick as this before.” It’s a sexy card.
- The $3,000 minimum spent isn’t that hard to accomplish. You just have to spend $3,000 within three months to get the 50,000 points. Amazon Payments will let you send $1,000 per month to someone by credit card without any fees. There you go, your minimum spend is taken care of.
- Humans work at Chase. People always ask “I signed up for XYZ Chase card on XYZ date, can I get approved for the Chase Sapphire Preferred?” Even if you initially get denied, Chase has a great reconsideration line with humans empowered to overturn any decision. If you have an existing Chase card, they’ll in almost all instances let you close the existing card in lieu of a new one, and you still get the sign-up bonus.
- Signing up for credit cards doesn’t ruin your credit score. I’d argue it actually helped mine. The number of inquiries on your credit score makes up only a small part of your credit score. A larger part of your credit score is your utilization and length of credit history, both of which can be helped by having more long-term credit cards.
Any questions on the card? Let me know below and I’ll help ASAP.
On a somewhat unrelated note, I got two American Admirals Club passes in the mail today which expire on December 31, 2012. I have no use for them since I have an American Express Platinum which gives me access to Admirals Clubs. Instead let me know in the comments whether you have the Chase Sapphire Preferred card or not, and I’ll randomly pick a winner at 10AM eastern tomorrow.