Update: Effective May 2, 2012, we need to take down the MasterCard Chase Sapphire links. From what I can tell, I can no longer find a MasterCard version directly on Chase’s website either, which might mean it was a temporary product. Our links will remain live for 40,000 points until 10:00 AM EST.
Several of you took advantage of the Chase Sapphire Preferred 50,000 point offer that expired earlier this week. First, we would like to personally thank you for using our links! If you got the card because of our links, please consider letting us know as we would love to send you a personal note of appreciation.
For all of the current credit card offers, please visit our new credit card page featuring the various current offers.
I am in the mood to open up some new credit cards if they suit our families needs and spending habits. As was expected, the standard offer on the Preferred card was dropped to 40,000 points. The key thing that most of us did not expect was the addition of a new card issuer. The previous versions of the Chase Sapphire Preferred card were Visa cards. All of a sudden, a new version of the card associated with MasterCard has become available. Same card, same current 40,000 point bonus, and slightly different benefits.
What does this mean? It means if you already have the Visa version of the card, you should be able to apply for the MasterCard version of the same card to score another point bonus. Note, if you recently got approved for the Visa version of the Chase Sapphire Preferred card, it is recommended to wait at least 30 days before applying for the MasterCard version to have a better chance of getting approved. Also, I say you should be able to get an additional bonus with the MasterCard version of the Sapphire Preferred card since it is technically a different version. It is ultimately up to Chase whether they honor it or not, but based on my research, it looks like it should go through fine.
Why would it be of value to get both the Visa and MasterCard versions of the Chase Sapphire Preferred cards? If our family were to get one of each card, at 40,000 points per card times 4 cards, that equated to 160,000 Ultimate Reward points. To put that in perspective, our family of 4 cashed in our United miles for 3 seats to Hawaii (+1 lap child) for 120,000 miles (40,000 miles per seat) during peak summer travel season. So 160,000 points can easily be transferred to airline programs and earn your family 4 coach seats to Hawaii, or other destinations. The point is that those points would be very valuable to help our family travel to many, many destinations for free, saving our family potentially thousands of dollars.
Want 50,000 points with the MasterCard version of the card instead of the current standard 40,000 point offer? There is a link that shows the 50,000 point offer from the Chase Sapphire Preferred MasterCard on our credit card page. The link still worked as of the writing of this article, but it could be pulled at any time. Thanks to Million Mile Secrets for this link. As always, be sure to take screenshots during the application process in case you need to plead your case for the additional points.
Personally, as I have mentioned before, we would definitely benefit from all the points offered through these offers. Scoring 40-50,000 miles for each credit card could easily get us to our next vacation destination in the future. However, by the time my wife and I each open up a new card, meeting the $3,000 minimum spend (times 2 cards) within 3 months would not be in our best interest. In addition, I think the 40,000 point offer is low.
Even with Chase lowering credit card bonuses, new links keep appearing with higher offers. The problem is most of them have gotten taken down in a short period of time once they went viral. I would expect at some point in the near future that there becomes new offers getting the bonus back up to at least 50,000 points for wide distribution.
In an effort to streamline the process, and avoid having to update links in several posts, I will be attempting to not use any links to current credit card offers within each post. Instead, if you are interested in the links for each card, I would like to direct everyone to our InACents Credit Card page.
Save Money, Travel More!
4/5/12- Originally published
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As I already have a Chase Sapphire, United, Priority Club, and Marriott credit card what is the likely hood that Chase would grant me another card? (Chase Sapphire MC) What is the norm?
@Greg: It depends on several factors. It is not necessarily how many cards you have from Chase, but more of an issue of how much credit you have with Chase. They may ask you to close down another account and/or possibly shift some of your credit limits around to grant you the new card. After applying, you may get initially rejected, but can always call the reconsideration line, where agents have been pretty good at getting people approved by one method or another.
I would really try to get them to shift credit limits around before considering closing down a card. Also, make sure you have a reason why you need the MasterCard version of the card in addition to the Visa version (i.e. they only accept MasterCard at _______).
We hope that helps. Good luck and let us know how it goes!
As tempting as this one is…I think I am going to put it on the back burner in the hopes it stays around. I think, for me, there are better cards options from Chase then 2 sapphire’s…and when you couple it with the Chase dislike for too many apps in a short period, I am just going to have to wait. Thanks for the tip!