Reply
Established Contributor
Posts: 706
Registered: ‎08-14-2008
0

Chase Sapphire PREFERRED Upgrade Offer

Happy Sunday Everyone!

 

Yesterday I received an Upgrade Offer to convert my plain Sapphire card to the Preferred version.  If I qualify (account is open and in good standing) I'll receive 2500 bonus points and no AF for one year.  With all of the benefits of the Preferred version and no AF for a year I figured why not try it and see how the program works out.  I already have checking, savings, mortgage, and two Freedom cards wiht Chase so this will be a good deal.  The Ultimate Rewards program is so flexible that I can transfer points between cards AND now airline FF programs, this will give me a reason to cancel my Southwest CC when the AF hits.  YAY!! :smileyvery-happy:

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Chase Sapphire PREFERRED Upgrade Offer

Thats great offer...  What about doing a Product Change to a Different Chase card...  How come you have two Freedoms?  That's really odd!


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Contributor
Posts: 193
Registered: ‎04-01-2012
0

Re: Chase Sapphire PREFERRED Upgrade Offer

Seems like a bad deal to me?

 

It's not really an "upgrade" to go from Sapphire to Sapphire Preferred - you just pay the annua fee, both are equally hard to get. And for NEW CSP customers you get no AF for a year + 40,000 points (not 2500). (40,000 points with their program is worth about $400 if used for cash)




Starting Score: 583 (CreditKarma, 2009)
Current Score: 783 (Walmart Free FICO, March 20, 2012), 774 (Equifax, BoA Pull, 2/20/13)
Goal Score: 800+


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 419
Registered: ‎03-05-2012
0

Re: Chase Sapphire PREFERRED Upgrade Offer

Chase will let you combine the CLs on your two Freedoms. Why not do that?
Established Contributor
Posts: 1,275
Registered: ‎12-02-2010
0

Re: Chase Sapphire PREFERRED Upgrade Offer


BlueHusky wrote:

Seems like a bad deal to me?

 

It's not really an "upgrade" to go from Sapphire to Sapphire Preferred - you just pay the annua fee, both are equally hard to get. And for NEW CSP customers you get no AF for a year + 40,000 points (not 2500). (40,000 points with their program is worth about $400 if used for cash)


Its a nice upgrade. Points now transfer to partners and are worth 20% more. 2x on restraunts and travel. 7% dividend, ect.

Established Contributor
Posts: 706
Registered: ‎08-14-2008
0

Re: Chase Sapphire PREFERRED Upgrade Offer


ctb89 wrote:
Chase will let you combine the CLs on your two Freedoms. Why not do that?

one of the Freedom cards was an old WaMu CC (MC) that converted last year and the other (VISA) I've had for 4 years (when they had the old Freedom program).  They don't cost me anything to keep but add to my AAoA.

 

As far as the "upgrade", it's not costing me anything for the first year so I can try it out and see if it works well to substantiate the cost.  Plus I get bonus points without a spend requirement.  The 40k offer requires a $3k spend in 3 months.  I'm in the middle of two spend requirements now so that's not gonna work.

 

I'll close my Southwest card in August when the AF comes due and transfer the CL to another Chase card.  If I can transfer points to Southwest from the Sapphire account it doesn't make sense to keep that card.

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
Frequent Contributor
Posts: 419
Registered: ‎03-05-2012
0

Re: Chase Sapphire PREFERRED Upgrade Offer

If you close the other Freedom, it will still factor into your AAoA for 10 years.
Established Contributor
Posts: 706
Registered: ‎08-14-2008
0

Re: Chase Sapphire PREFERRED Upgrade Offer


TannerK wrote:

BlueHusky wrote:

Seems like a bad deal to me?

 

It's not really an "upgrade" to go from Sapphire to Sapphire Preferred - you just pay the annua fee, both are equally hard to get. And for NEW CSP customers you get no AF for a year + 40,000 points (not 2500). (40,000 points with their program is worth about $400 if used for cash)


Its a nice upgrade. Points now transfer to partners and are worth 20% more. 2x on restraunts and travel. 7% dividend, ect.


+ 1000!!!   This card has a lot more perks especially if you have other accounts with Chase.  I can earn a lot more points in the UR program and have more flexibility with it.  This really is a no-brainer.

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
Established Contributor
Posts: 706
Registered: ‎08-14-2008
0

Re: Chase Sapphire PREFERRED Upgrade Offer


ctb89 wrote:
If you close the other Freedom, it will still factor into your AAoA for 10 years.

If there is no AF for the card it doesn't hurt anything... it's just another card that I have to rotate.  Not a biggie.  Plus the cards help my AAoA...and keeping open doesn't start the 10-year clock.

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
Contributor
Posts: 193
Registered: ‎04-01-2012
0

Re: Chase Sapphire PREFERRED Upgrade Offer

 


TannerK wrote:

BlueHusky wrote:

Seems like a bad deal to me?

 

It's not really an "upgrade" to go from Sapphire to Sapphire Preferred - you just pay the annua fee, both are equally hard to get. And for NEW CSP customers you get no AF for a year + 40,000 points (not 2500). (40,000 points with their program is worth about $400 if used for cash)


Its a nice upgrade. Points now transfer to partners and are worth 20% more. 2x on restraunts and travel. 7% dividend, ect.



I know the CSP is better, I'm just saying it's not an upgrade as you get more from just getting the CSP from the beginning.




Starting Score: 583 (CreditKarma, 2009)
Current Score: 783 (Walmart Free FICO, March 20, 2012), 774 (Equifax, BoA Pull, 2/20/13)
Goal Score: 800+


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.