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Hope you are having a good Friday evening! Word on the internet is that a change is coming as soon as Monday for one of my very favorite personal credit cards, the Chase Sapphire Preferred® Card.
First I saw reports on Dan’s Deals that the spending requirement on the Chase Sapphire Preferred card would be going from $3,000 to $4,000 to trigger the sign-up bonus that is currently 40,000 transferable Ultimate Reward points + an additional 5,000 points if you add an authorized user who makes a purchase in the first 90 days.
I then saw a similar report at View From the Wing, along with a comment on the post from someone saying the Chase Refer-A-Friend site already gave him an offer that was a $4,000 minimum spending requirement. The refer-a-friend site said I wasn’t eligible to refer so I couldn’t test the offer out that way.
I also tried calling some local Chase branches to confirm the offer was changing, but every time I asked about the credit card I was transferred to a call center in Illinois or something where I couldn’t bleed out a drop of info.
Needless to say I have not been able to verify this info myself, but I have learned that often where there is smoke there is fire with these sort of things, though of course that isn’t always 100% the case and it is always possible the change is something totally different (if there is a change). If you are about to apply for this card and a potential change in the spending requirement will be an issue for you, then I wanted to be sure you were in the loop on these rumors.
Have a great weekend!
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.