Latest news with #ChaseSapphireReserve
Forbes
28-04-2025
- Business
- Forbes
Why I Applied For The Chase Sapphire Preferred Even Though I Already Had The Chase Sapphire Reserve
Like many people who fuel their travel dreams with points and miles, I'm always on the hunt for big rewards opportunities. So the latest 100,000-point welcome offer for the Chase Sapphire Preferred® Card immediately activated the pleasure-seeking part of my brain. I can't even tell you the daydreams I started having about where my family could go with 100K Chase Ultimate Rewards® points. (It probably rhymes with Shmeroo, has ancient ruins and llamas and has been on my bucket list for quite some time). Of course, big bonuses usually come with big spending requirements—and the Chase Sapphire Preferred® Card is no exception, with a welcome offer of 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. But fortune favors the bold, and as it turns out, my family had a sizable summer bill coming up and we had the cash ready to pay it off immediately. I also confirmed on my tracking sheet (what did you expect? I'm a credit card reporter!) that I was under 5/24—meaning I've been approved for less than five cards in the past 24 months—and thus eligible to apply for a new Chase card. So the timing was right. However, there was one big barrier between me and llama nirvana. I already owned a Chase Sapphire Reserve®, which made me ineligible for the bonus—at least without a little maneuvering. Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account ... More opening. Chase Sapphire Preferred® Card - See Rates & Fees Chase Sapphire cards only allow you to earn a welcome bonus on a card if you don't currently own a Sapphire card and if you haven't earned the welcome bonus on a Sapphire card within the previous 48 months. I applied for and received my Chase Sapphire Reserve card way back in February 2017. The card launched in 2016 with a then-groundbreaking 100,000-point welcome offer. I was fairly new to points and miles at the time, and this was my first premium credit card. I had a lot of fun using that bonus (rewards history fans may fondly recall the Marriott/United packages that were a steal back then), and it got me hooked on the thrill of taking trips I would have otherwise not been able to do. Points and miles have made impossible travel dreams for me and my family possible by greatly reducing our out-of-pocket costs. I know, I'm getting misty-eyed too, and you haven't even seen how cute my kids are on our adventures. The crucial point here is that I got my Chase Sapphire Reserve in 2017, so I was well past the 48-month threshold to be eligible for a bonus on a Sapphire card. That put the Sapphire Preferred's bonus one step closer within reach. To completely qualify for the Sapphire Preferred, I also had to not be a Sapphire cardholder at the time of my application. Yes, that means it was time to say farewell to my trusty Reserve. I can't lie, I had some feelings about it. It was a gateway card to a whole new world of opportunity for me. But in this case, change was necessary. I called Chase and asked to downgrade my Reserve to the no-annual-fee Chase Freedom Unlimited®. Boom! I was no longer a Sapphire cardholder (for the moment). Downgrading kept my account number the same, but the card's rewards rates and other details were now those of the Freedom Unlimited. There was no hard credit pull and the new card is on its way in the mail, but in the meantime, I could just keep using the metal card that was formerly known as my Reserve card. I waited a few days to make sure everything was switched over, and then I applied online for my new Chase Sapphire Preferred. And I'm pleased to report that I was approved! I've uploaded it to my Apple Wallet, and now I'm just waiting for the physical card in the mail. It's important to know that while you can downgrade a card at any time by swapping it for an eligible one by the same issuer at a lower fee, you cannot upgrade to a card with a higher annual fee for a minimum of a year after getting the original card. Federal legislation known as the CARD Act of 2007 includes a provision that prohibits issuers from raising your annual fee on a card within the first year after opening your account. This means if you really want the Sapphire Reserve but are thinking about going for the Sapphire Preferred for the bonus and then later upgrading, you'll have to wait a full year to do so. If you already own a Sapphire card, but you've had it for over 48 months, you might be able to put yourself in an eligible position to apply for the current 100,000-point welcome offer on the Chase Sapphire Preferred. There are a few boxes to check off, but if you're under 5/24, this is a bonus worth going for. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author's alone and have not been provided, approved, or otherwise endorsed by our partners.
Los Angeles Times
28-01-2025
- Entertainment
- Los Angeles Times
Alabama's deadly prisons exposed through leaked prison cellphone video in ‘The Alabama Solution'
Andrew Jarecki and Charlotte Kaufman talk about their documentary, 'The Alabama Solution,' that explores the terrible conditions of Alabama's prison system through leaked cellphone video from inmates while at the L.A. Times Studios @ Sundance Film Festival presented by Chase Sapphire Reserve.
Los Angeles Times
28-01-2025
- Entertainment
- Los Angeles Times
Q+A: Peter Hujar's Day at L.A. Times Talks @ Sundance presented by Chase Sapphire Reserve
Ira Sachs, Rebecca Hall and Ben Wishaw to Los Angeles Times editor Matt Brennan about their Sundance film, 'Peter Hujar's Day' at the Los Angeles Times Talks @ Sundance Film Festival presented by Chase Sapphire Reserve.
Los Angeles Times
28-01-2025
- Entertainment
- Los Angeles Times
The team behind ‘Deaf President Now!' explains how they documented a landmark moment in Deaf history
The filmmakers and participants of 'Deaf President Now!' talks to Los Angeles Times editor Matt Brennan about the film, deaf issues and how they are working to make lives better for their community while at the L.A. Times Studios @ Sundance Film Festival presented by Chase Sapphire Reserve.
Los Angeles Times
28-01-2025
- Entertainment
- Los Angeles Times
The future of trans lives and laws explored in ‘Heightened Scrutiny'
Sam Feder and Chase Strangio stopped by the L.A. Times Studios @ Sundance Film Festival presented by Chase Sapphire Reserve to talk about their documentary, 'Heightened Scrutiny' and how media coverage of trans issues has affected the lives, and laws, of trans people.
