A pair of recent credit card welcome offers are already showing themselves out the door — and little time to take advantage of them.
$300 Travel Credit + 60,000 Points
First, new applicants of the Chase Sapphire Preferred® Card can earn 60,000 bonus points after you spend $4,000 on eligible purchases within three (3) months of being approved for card membership. Plus, earn up to $300 in statement credits on Chase Travel℠ purchases within your first year holding the card.
We’ve been told the offer is “ending soon” but didn’t get a firm date. If the past is any indicator, that could be any day now — with little to no warning. (Learn here how to apply for this offer.)
$900 Bonus Cash Back / 90,000 Bonus Points
We do know when this next offer ends: tomorrow!
The Ink Business Unlimited® Credit Card offers new cardholders $900 bonus cash back (awarded as 90,000 bonus Chase points) when you spend $6,000 on eligible purchases within three (3) months of being approved for the card. The offer expires at 9:00 AM EST on Thursday, November 7, 2024. (Learn here how to apply for this offer.)
Let’s break down each card a little more
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card holders can redeem points for a 25% bonus when purchasing trips through Chase Travel℠. So, those 60,000 points are potentially worth $750 in travel purchases. When you add that to your $300 statement credit opportunity, you get $1,050 toward travel.
That easily covers about 11 years of the card’s $95 annual fee.
A few things stand out about the Sapphire Preferred.
First, Chase awards you a 10% points bonus across all your spending each anniversary year. If you spend $20,000 on your card during a year, Chase will give you an extra 2,000 points.
Next, the points-earnings categories are pretty great:
- 5X on Lyft purchases through March 2025
- 5X on travel purchased through Chase Travel℠
- 3X on dining
- 3X on select streaming services
- 3X on online grocery purchases
- 2X on all other travel purchases
- 1X all other purchases
You can also earn 5X on Peloton purchases over $150 (a maximum of 25,000 total points may be earned on this through March 31, 2025.)
Chase Sapphire Preferred® Card members can earn up to $50 in statement credit each year for hotels booked through Chase Travel. Because Chase Travel is an online travel agency, you likely won’t earn any hotel loyalty program points or enjoy elite status benefits during your stay. But the $50 savings might be worth it for you. (I can suck it up for a night if it means $50!)
The card also packs very good trip cancellation/interruption insurance, auto rental collision damage waiver, lost luggage insurance benefits and more. You don’t have to charge the entire amount of your trip to the card — just a portion. This is why I use my Chase Sapphire Reserve® to pay for airfare when feasible.
The Chase Sapphire Preferred® Card also gives members to “The Edit” hotel collection. Benefits include:
- Daily breakfast for two
- Special benefit worth up to $100
- i.e., resort credit, spa credit, etc. (determined by each property)
- Complimentary WiFi
- Room upgrade (if available)
- Early check-in and late check-out (if available)
Ink Business Unlimited® Credit Card
The Ink Unlimited earns 5% total cash back (5X points) on Lyft rides through March 2025. All other purchases earn 1.5% / 1.5X.
This is a great option for non-bonused spending. You can team it up with your Ink Business Cash® Credit Card, another no-annual-fee card. The Ink Cash Card offers great bonus categories (you need that card if you have a cell phone!) So, your Ink Unlimited can fill some gaps not covered by the Ink Cash Card.
Considering the Ink Unlimited has no annual fee and an amazing welcome offer, this could be a fantastic opportunity to jump on it now.
5/24
Both cards are Chase products, which means they’re subject to the “5/24” principle. Chase will likely decline your application if you’ve been approved for five or more personal credit cards within the past 24 months. But there are growing reports that Chase is calming down about that (at least, when it comes to business cards).
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