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Yesterday Chase finally yanked the affiliate link for the 50,000 Ultimate Rewards points sign-up bonus on the Chase Sapphire Preferred® Card, after only offering 40,000 points directly for several weeks.
This morning I received an updated affiliate link that offers the 40,000 points after spending $2,000 within three months, as is publicly available in most places.
But what I also received, which is more interesting, is a link the Chase Sapphire Preferred Mastercard. Previously some had reported being able to apply for a Chase Sapphire Preferred Visa card and get it switched to a Mastercard, though this is the first time I’ve seen a direct application to the Chase Sapphire Preferred Mastercard. The card offers 50,000 Ultimate Rewards points for spending $3,000 on the card within three months, which is exactly the same sign-up bonus as the Visa.
The great news is that since this is a different product than the Chase Sapphire Preferred Signature Visa card, I suspect you should be able to earn the bonus on this even if you’ve earned the bonus on the Chase Sapphire Preferred card in the past.
It’s also worth noting that there’s a link for the Chase Freedom card floating around that’s offering 35,000 Ultimate Rewards points after spending $500 within three months (if you have a Chase Sapphire Preferred). I don’t see it being publicly promoted by Chase, so they may very well pull it at any time. Note: offer has been pulled.
The nice thing about Chase is that they actually have humans empowered to make decisions answering their phones if you don’t get instant approval. Typically they’ll only approve a single personal and a single business credit card at a time (which is why I recommend the Ink Bold® Business Charge Card, which still offers 50,000 points after spending $10,000 within three months), though that’s about the only rule of any sort they have. Even if you received another Chase card within the past few months, you can almost always call and either have your old card closed in favor of your new one, or sometimes have some of your credit line transferred over. Or some even report success getting approved for multiple cards in a day.
Anyway, while 40,000 points isn’t as good as 50,000 points, in many cases 80,000 points is still better than 50,000 points.
As always, the Chase Sapphire Preferred® Card card remains one of the most powerful cards out there for everyday spend. It offers double points on travel and dining, and no foreign transaction fees. In addition, Ultimate Rewards points are among the most valuable points currencies, given that they can be transferred to several airline and hotel programs, including United and Hyatt.