Chase Sapphire Preferred® Mastercard now offering a 40,000 point sign-up bonus!

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Update: This offer is expired. You can find the current offer details here.

Chase Sapphire Preferred® Mastercard Application EXPIRED
Chase Sapphire Preferred® Card
Ink Bold® Business Charge Card Application

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.

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  1. Hi lucky. Is there a way to tell that the application you link to is actually for a Sapphire Mastercard? I don’t see anything on the application that actually says it’s for the Mastercard, and would hate to apply only to find out it’s for the Visa…

  2. @ kasei — I was just wondering the same thing, since that’s a bit odd. When I copied the affiliate links one was very clearly marked as a Mastercard, while the other was clearly marked as a Visa. However, the application doesn’t state specifically which it is.

    That being said, when you apply I would trust it’s for the right thing. Worst case scenario when you call the reconsideration line you should be able to clarify to resolve any confusion.

  3. Not true re: 1 personal and 1 biz. I’ve applied for 3 personal and 1 biz in a single go and got approved for all four. Applied for Hyatt, PC, Sapphire and old CIB in one shot.

  4. On, looks like there’s a Mastercard version of the Freedom as well with $200 cash back

  5. theres also some 50k visa apps floating around (there’s a FT thread). neither of these are close to the best offer

  6. Don’t count on getting the MC approved if you have the Visa. Had to open MC as a Business because they were adamant that you could not have both personal cards.

  7. Lucky, can you do a post or comment about a CC strategy for Millennials (although it applicable for all age groups). For instance, the points blogging world says that for Chase cards in particular you only get the sign up bonus once. So if you apply for Sapphire preferred and Hyatt card at 25 and get the two free nights at 50,000 point bonus, that means we only get this benefit once our lives or until Chase or Hyatt come out with another version of the card in X number of years? I get that new CC offer and types will always come and go, but since we are young and have a lot of years of points collecting and traveling ahead of us, I am curious if you have a strategy or any thoughts on this topic…

  8. I wonder if this card is World / World Elite mastercard. If chase sapphire preferred had a primary rental insurance, which as far as I know is only on World/World Elite, it would beat pretty much any other card.

  9. I will give you two links for sapphire preferred. Since 100k is better than 80k are you honest enough to take down your links as long as these two are available?


  10. The blogger appears desperate for some fresh referral link payouts, pushing this 40k offer with an exclamation point in the headline. If you had your readers’ best interests in mind, you’d offer them the news but encourage patience, and not to settle for a promo offer below 50k for a card like this.

  11. @Bill- I do not believe there is a business Sapphire. Do you mean you had to open an Ink bold (business) to get a MC instead?

  12. It is indeed a World Mastercard. I just received my Chase Sapphire card and it says “World” above the Mastercard symbol.

  13. Folks, appreciate the heads up. Perhaps it was my ignorance, but prior to making this post I didn’t see those links. Am updating all the ones on the blog to reflect them.

  14. @ anon — For the second link getting a message saying “selected offer is no longer available.” Just updated the first link to the Mastercard, though. Is there another Visa link for 50K?

  15. I realize I’m more or less writing to myself here, but just a heads up that I updated the Mastercard link. For the Visa link I can’t seem to find a 50K published offer anymore.

    I’m all for promoting the best publicly available offer, regardless of whether it’s “my” link or not. The one thing I’m somewhat uncomfortable doing is promoting rogue links that people randomly figured out the URL to, since many of them aren’t supposed to be publicly available. The risk/fear with that is that they’re not honored, though I’ll still gladly mention them.

  16. @lucky, Visa isn’t working for me too. Nothing on FT either. You would receive less backlash from affiliate link posts if you could take a few minutes to search milesbuzz a little before posting a possibly inferior offer. At least, you and Gary seem to be advertising good cards. Brian(TPG) seems to have an affiliate link for every card on earth and advertises inferior ones too often.
    Understand that newbies will most likely not wade through FT threads and I believe that if you are going to earn money from them you should do work worthy of it.

  17. @ anon — Appreciate the feedback. I’ll be honest, I did look in the MilesBuzz forum, though I didn’t see anything about the new Mastercard yet.

    As far as the other links go, it really is a tough balance. Some were pulled in a matter of hours, so I’m all for promoting a better publicly available offer, but if it’s essentially a better “hacked” offer (by modifying URLs), then it’s a tough decision…

  18. what’s the difference between the sapphire preferred MC and visa? are there any special benefits the visa has that the MC doesnt?

  19. i meant more to the fact that it’s a visa signature…that’s a special type of visa with special benefits, no?

  20. @ matt — Sorry that I misunderstood your question. Yes, Visa Signature does come with a few extra perks, outlined here:

    For the most part, though, it’s just co-branded promotions or discounts at their retail/hotel/airline partners. I can count on one hand the number of times I’ve taken advantage of one of the promotions.

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