Chase Bank, how I covet thee 5/24 CC!

[Medic981]

Ok myFICO family, I am having a crisis of determination.

I have had a lease with Chase for my Subaru since August 2018. A few days ago I noticed I am prequalified for the Chase Sapphire Preferred card in Chase's Credit Journey Just for You offers with a firm 21.99% APR. How long do the pre-qualified offers from Chase remain available?

My plan has been to garden until December 21, 2020, so that I am 0/24 when I apply for the Rapid Rewards Priority card. 

After further reading about the Rapid Rewards Priority card, I have found that I would get more points if I were to use a Sapphire Preferred or Reserve card and transferring the points to SWA Rapid Rewards than by using the Rapid Rewards Priority card to earn points. 

I still like the benefits offered by the SWA Rapid Rewards Priority card and would still like to get it, yet, it appears that I would get more benefits in the long run with the Sapphire Preferred card towards earning points. 

I have a good chance of bypassing Chase's 5/24 rule since I am pre-qualified for the Sapphire Preferred as all they are asking for is my annual income, mobile number and if my income is non-taxable. 

the upside is if I get the CSP card now, then when I apply for the SWA RRP card in Dec 2020 I will be 1/24 and ahead on my earned points towards SWA RR points. The downside is that I leave the garden, I get an HP on EQ, decrease my AAoAs. 

What to do... what to do?

[kilroy8]

CSP alone, outside of SUB, can't earn many URs, and has AF.

It is not the first Chase UR earning card that you should get.

[Medic981]

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@kilroy8 wrote:

CSP alone, outside of SUB, can't earn many URs, and has AF.

It is not the first Chase UR earning card that you should get.

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Currently Chase Sapphire Preferred offers:

60,000 bonus points

after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when redeemed through Chase Ultimate Rewards®.

25% more in travel redemption

Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel.

2X points on travel and dining

Earn 2X points on travel and dining at restaurants- from airfare and hotels to fine dining and cafés.

Plus, earn 1 point per dollar spent on all other purchases.

What Chase non-AF card offers better UR points?

[sjt]

Medic981-

I know you mentioned that the nearest Chase branch is a few hours from where you live, but it might be worth it to take a road trip to see if you have any branch preapproval offers.

[Medic981]

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@sjt wrote:

Medic981-

I know you mentioned that the nearest Chase branch is a few hours from where you live, but it might be worth it to take a road trip to see if you have any branch preapproval offers.

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Perhaps next week I will take a road trip.

[Medic981]

I was looking at Chase's Credit Journey and then looked at my Chase account page. After seeing that my "You're Pre-qualified" offers had not changed, I decided to click on the Credit Cards to see what I could see and this is what popped up.

As you can see I am prequalified for the Southwest Rapid Rewards Plus Credit Card, however, I am more interested in the Priority Credit Card. I have read that I could get better mileage out of a Chase Sapphire Prefered Credit Card which earns more Ultimate Reward points which can be transferred to my Southwest Rapid Rewards account. 

I am going to take a road trip tomorrow and visit my closest Chase Bank branch. If I am prequalified for the Southwest Rapid Rewards Priority Credit Card I want to apply. Does anyone have any advice on applying for the Sapphire Prefered over the Rapid Rewards Priority for the points value? 

[randomguy1]

One thing to consider is, do you want a companion pass? Some people apply for two SW cards to earn a 110k miles and qualify for a companion pass. If that's the case, you might want to read up on the timing of getting those points before the year end cutoff and when those miles post. 

[soxfaininfl]

That gives me hope. I will be practicing my recon speech over and over lol. 

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@2GreenThumbs wrote:

Yes, Chase remembers, but in my case, they also forgive.

[Medic981]

Here I am, sitting in a Culver's, eating lunch.

Why, you ask? Because I didn't think I needed to make an appointment to speak with a personal banker. Silly of me to think I could just walk in and talk to someone.

I arrived just after 1pm and I was told the next available appointment was at 2:30 pm. So I decided that rather than waste the time I used to drive here, I would get lunch and wait.

On a side note, there is an NFCU branch across the street from the Chase branch. I will upload the photo when I get home. I don't know how on the mobile app.

[soxfaininfl]

I showed up and had to make an appointment also. Best banking experience I’ve ever had. What was cool was I was able to add my debit card to my Apple Pay with the mobile banking app. I was able to withdraw money from my checking with out even having the physical card. It hasn’t arrived yet in the mail. I was not able to add my virtual card to my Apple Pay with BOA until the card arrived in the mail.