Sapphire Preferred

Discussion in 'Other Credit Card Programs' started by TravelBear, Dec 5, 2012.  |  Print Topic

  1. TravelBear

    TravelBear Gold Member

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    Okay I have the Sapphire Card (had it for a long time, in good standing). I just applied for the Preferred card using a link. It was approved instantly. I logged into my Chase acct and it shows two Sapphire accounts but neither say Preferred. Should it?
     
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  2. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

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    No. Don't worry. I only have the CSP and it shows the Chase Sapphire logo.
     
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  3. aptraveler

    aptraveler Gold Member

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    +1 Congrats on the new card.

    Sent from my iPhone using Milepoint
     
  4. WhiteDesert

    WhiteDesert Silver Member

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    I hope you enjoy the CSP. I absolutely love mine.

    Oh, and Chase upgraded me from the no-fee Sapphire, but as reported above, the CSP "area" of my account page has also only ever shown the Chase Sapphire logo.
     
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  5. Voodard

    Voodard Active Member

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    Did you want two Sapphire cards? If I were you I'd ask to product change the non-preferred card to the Freedom card. This way you can take advantage of the quarterly 5x category spend bonus, while keeping the AF @ $0.
     
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  6. TravelBear

    TravelBear Gold Member

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    OOooo thanks good idea. Although, this only makes my 3rd Chase product so I could just apply for the Freedom card later.....right?
     
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  7. hulagrrl210
    Original Member

    hulagrrl210 Gold Member

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    I think average account age is a factor in your credit score? If it's not that big of a deal, and you're truly happy with the preferred, you can cancel the old sapphire, that way you can apply for 2 new chase cards! Chase is one of the best when it comes to cards with travel perks (united, priority club, hyatt, southwest, ba etc) I'm currently maxed out at 3 but have been drooling over some of their other offerings.
     
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  8. boondr

    boondr Gold Member

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    Click on ultimate rewards on the Chase site it will say CSP on the Preferred UR link.
     
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  9. Slow_Mustang
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    Slow_Mustang Silver Member

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    I understand that for the Chase Sapphire Preferred CC there is a 7% bonus (points) posted at the end of the year. Does it post after the annual renewal fee has been paid? Does the bonus post with the 12th statement, or do they wait until you pay the annual fees, renew the card and only then would they give you the bonus?
     
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  10. jkchan83

    jkchan83 Silver Member

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    Chase doesn't cap you at 3 cards. I currently have 5 personal cards with them. They just move around your available credit.
     
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  11. guberif

    guberif Silver Member

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    was wondering the exact same thing.
     
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  12. servo

    servo Silver Member

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    I believe it's right around that time, but many people have reported success in having the annual fee waived up to 60 days after it hit with most Chase cards, so you can get your bonus, ask for the fee refund, and then close it.
     
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  13. jbcarioca
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    jbcarioca Gold Member

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    IME it posts usually after the renewal fee statement cycle has been completed.
     
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  14. Slow_Mustang
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    Slow_Mustang Silver Member

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    Peeking in the other forum, it seems that the 7% posting is done with the Feb statement. Does not appear to be tied to one's anniversary. I got my card in Feb '12; wonder if the 7% was in effect at that time for the 50K sign up bonus too. It has since been removed.
     
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  15. jbcarioca
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    jbcarioca Gold Member

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    Mine posts every year in Dec, just post cycle. Do they have different procedures? Maybe.
     
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  16. malikguy

    malikguy Silver Member

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    I have a post regarding this actually. :)

    90 Days from Application or Approval
     
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  17. jwsky
    Original Member

    jwsky Silver Member

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    Here are the rules
    https://chaseonline.chase.com/resources/RPC0444.pdf
    In your first year, you get the bonus for purchases from enrollment to the end of the calender year. After that it is the calender year. It pays off in the Jan or Feb statement.
     
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  18. Slow_Mustang
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    Slow_Mustang Silver Member

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    Thanks, that explains it all.
     
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  19. B1BomberVB

    B1BomberVB Silver Member

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    (“Year” means, for your first year as a cardmember, the period beginning with your Enrollment Date through your billing cycle with a December closing date of that same year. For each year thereafter, “Year” means the twelve billing cycle period beginning the day after your billing cycle with a December closing date through your billing cycle with a December closing date of the next year.) Your 7% Annual Points Dividend will appear on your January or February billing statement."
    Back when I got my card in Sept. 2011, Chase gave me the dividend on my 50K bonus (in Feb. 2012.) Now they don't:
    "You will not earn the 7% Annual Points Dividend on new account bonus points. . ."
     
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  20. jbcarioca
    Original Member

    jbcarioca Gold Member

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    My results are equal to that, because my billing date is the 2nd. Thanks for looking up the rules.
     
  21. Slow_Mustang
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    Slow_Mustang Silver Member

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    I was trying to find the cut-off date for this rule, since I got my card in Feb and don't know if I am grandfathered in with the old deal.
     
  22. B1BomberVB

    B1BomberVB Silver Member

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    Sorry, SM, no clue. I got my Sapphire Visa in Sep 2011 as soon as it hit the market.
     
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  23. autolycus

    autolycus Gold Member

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    I'm in about the same boat. It was March for me, but I'm pretty sure it was before when they "officially" announced that there would be no bonus on the sign-up points. My gut tells me that they will calculate the 7% bonus for 2012 based on their rules in place at the end of December, not the rules in place at the time you or I got the card. It's unfortunate, but understandable.
     
  24. Slow_Mustang
    Original Member

    Slow_Mustang Silver Member

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    Thanks for the info.
    I am happy with the 50K I got for sign-up. So, not terribly disappointed. Cake without the icing would be good too.
     
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  25. autolycus

    autolycus Gold Member

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    Agree completely. I'd love the extra 3500 points, but I won't complain if I don't get them.

    Now... if I hear that someone else got them this year, and I didn't . . . :)
     
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