What would be junk mail for many people gave me a small case of Christmas Morning Syndrome today.
An offer for a Chase Sapphire Preferred card with a 75K bonus. I just signed up for the card last month with a 50K point bonus, but I could still hold out hope of Chase matching me to the new offer.
Turns out it’s out of my reach anyway, with a $25K minimum spend requirement within the first year of having the card in order to get the additional 25K points. My only hope for reaching that would be to convince several of my family members to let me pay all of their bills for a year.
For those who can reach that kind of spend though, this is a substantial leap up from the current offer for 50K points.
These lucky people would end up with somewhere around 100-120K bonus points after meeting the spend requirement and adding an authorized user, depending on how much of the spend was on travel and dining (which both earn 2x points). This is worth a minimum of $1,000 if you go the cash-back route, but potentially double that if the points were used wisely by strategically transferring them to Chase’s travel partners.
Check out this post for more on the Sapphire Preferred, how to use the points, and why I think travel sites and budget travelers are so obsessed with this credit card. Here’s a post from a fellow Floridian on why junk mail can be exciting for many people.
Please let me know your thoughts or if you’ve ever gotten a targeted mail offer that was extraordinary (comment or tweet @ezjourneys) . Merry Christmas! Oh wait…