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Discussion in 'Other Credit Card Programs' started by impsycho, Feb 15, 2011.
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Any experience using the Chase Sapphire card? The commercials and online reviews look positive.
Great card if you get the Chase Sapphire PREFERRED card. That card allows for the transfer of points to a number of partners, such as Marriott, Hyatt, BA, CO, and a few others. There is a promo out there right now for 25k bonus points
The regular Sapphire card does NOT allow the transfer of points. You only get to use the points to redeem through their program. Big difference in value, IMO.
There's also a 7% annual dividend on all points, even those that have been redeemed.
In my opinion, the main benefit of the Sapphire is the flexibility to transfer points to the different reward programs that rajuabju mentioned. If you are just planning to transfer the points to a single airline, I think you'd be better off just getting that airline's credit card (assuming a similar bonus offer) to get extra benefits (e.g. free checked bags, earlier boarding, etc).
I just received my Chase Shappire card and I signed up for the 25K bonus points. Does the 7% dividend also apply to the enrollment bonus points?
Is SPG included as a partner to transfer points to? Can anyone provide a full list of hotels you can transfer points to?
Someone please correct me if I'm wrong, but here's what I understand of this card (from a leisure traveler standpoint).
For someone who doesn't have the time/budget to go to hotels and take advantage of promotions, it seems like having this card could make it a lot easier to earn points towards hotels over, for example, the Hyatt VISA. The opportunity to earn bonus points shopping through the Ultimate Rewards Mall can provide a pretty nice return, depending on where you shop. And since the Hyatt VISA only earns 1 point per dollar, it's on the same level as Sapphire Preferred for everyday spend.
The full list of partners for transfer currently is Amtrak, British Air, Continental Airlines, Hyatt, Priority Club, and Marriott. Each of those is 1:1.
Is it possible to convert a different chase card into this one and get the 25k sign up bonus? Can this be done without a new credit pull?
Also, is there a fee for transferring the Chase Points to Continental?
I don't think transferring to Sapphire will get you 25K points, but it won't hurt to ask. There is no fee to transfer and the miles post instantnly to your CO account.
I have the standard Chase Sapphire card. I've had it since 2001 (back then it started as a First USA Extraordinary Rewards Visa...since then it has gone through many changes of programs and ownership). I wish I had the Preferred. The differences between the two cards are dramatic. Many times an upgraded credit card doesn't add much more value over the standard grade. That's definitely not the case with Sapphire Preferred. The Preferred really does seem to have added value that almost makes paying the annual fee worth it:
7% Annual Dividend
No foreign exchange fees
Hotel/Airline transfer option
I've never seen Chase really offer a huge sign up bonus for the Sapphire card. I recall bonuses ranging from 15,000 to 25,000 points. Has there ever been an offering over 25,000 points?
No, Chase won't give you the sign up bonus if you convert an existing card. It has to be a new application.
The regular Sapphire card requires a minimum $5K credit line. I'm not sure if it's the same or different for the Preferred card but as long as your card meets or exceeds the minimum credit line, then a credit pull should not be required. You can always double check when you make your inquiry.
I am in the market for a card to get more available credit and lower my utilization %, plus I need one with no foreign transaction fee. Both thepointsguy and gleff mention the Sapphire Preferred card on their blogs today, so I'm strongly leaning towards going for that one.
Rumors abound that a better signup offer for this card will show up tomorrow, so if you want it I'd suggest waiting one more day, just in case.
In case anyone else is considering this card, after a little looking, I'm pretty sure it does not report a credit limit to the bureaus, and may actually look like an installment line rather than revolving. I'm going to call Chase to verify, and report my findings.
Where do these rumors abound?
Did the rumors turn out to be true?
I did call, and the phone rep told me several times that they couldn't tell me what my credit line was until after I applied for the card. She eventually told me that whatever the line was is what they would report to the bureaus, but it sounded like she just said that to get me to stop asking. I did see someone in a different forum stating that you could request Chase to report your limit to the bureau.
I am probably going to skip the Sapphire card because of the true rumors found here:
anyone recall if in the history of this Chase UR card, have they ever had transfer bonuses to any of the airlines?
Rumors are just that - Rumors. The 100K BA sign up is a fact. Not a rumor.
Yep, the rumors did turn out to be for the BA card. I thought it might be for this card since, Chase nearly released an 80K points offer for this one a few weeks back.
Do you know if you can transfer the points from the Sapphire card to someone else's CO OnePass account?
Of course, I'd apply for the Chase BA card first.
But, I saw this and I thought I'd share it here. Chase Sapphire has a slightly better-than-usual offer. In addition to the regular 25K points for signing up, this offer gives 3 points on gas, groceries and dining for 12 months, 2 points on airfare, and 1 point for other purchases. The first year fee is waived as well. This card also doesn't charge foreign transaction fees.
Any chance Chase would pull a move like Barclays and give automatically send out the regular card if someone doesn't qualify for the Preferred card?
When I saw the 3x points on groceries, etc, I almost signed up right away. However, the main point for me getting the Chase Sapphire Preferred was the 0% Foreign Transaction Fee. Oddly, if you look at the offer terms from this link the foreign transaction fee is listed at 3%. If you go to www.chasesapphire.com, the preferred card has 0% FTF, but only 1x points on groceries...
Now there is an even better offer for Chase Shapphire.
See this thread: http://milepoint.com/forums/threads/50-000-points-for-chase-sapphire-preferred-card.10797/
the new offer is awesome...I already received the 25k offer a few months ago...so pissed
emailed them for the extra 25k....only got 2500...a little pissed about this but what can you do?