0:25 Chase Sapphire Preferred 100,000 Offer
- Direct Link
- $5,000 min spend in 3 months
- $95 annual fee (not waived first year)
- This is a higher than usual offer
05:14 Chase Referrals
- chase.com/referafriend
- 10,000 points for each approval (capped at 100,000 per year)
06:30 Sapphire Churning Restrictions
- Eligible for welcome bonus if it has been >48 months since you last got a Sapphire welcome bonus (Preferred or Reserve)
- 5/24 still applies: 5 credit card approvals in the past 24 months (from any bank)
- Can’t be approved for a Sapphire Preferred if you currently have a Sapphire card (recommend downgrading to Freedom and waiting a month before applying)
12:09 Two Player Mode
- If neither person has a Sapphire card, apply “head on” or through a referral from a friend
- Then refer P2
- Being an authorized user on a card doesn’t prevent getting the welcome bonus
- This will leave you with > 210,000 Ultimate Rewards
13:50 Ultimate Rewards: Value and Utility
- Easy 1 cpp cashout
- Sapphire Preferred 1.25 of uplift for travel booked through Chase portal
- Sapphire Reserve 1.5 cpp of uplift for travel booked through Chase portal (and a $300 per cardmember year travel credit)
- Transfer partners: Hyatt, United, Southwest, and more
- Points can be co-mingled between household
- Inflation in the travel portal is very real.
- Prices for hotels and other activities get tough to compare
- Flights sometimes are pricing at a premium due to issues with fare classes and airlines wanting direct booking.
- It pays to do the math, because a poor redemption can tank the value of your earning, and points are not free.
- Cancellation terms not the same with Travel portal bookings vs. booking with miles sometimes.
- Pay Yourself Back: erase charges in specific categories at >1cpp.
23:31 CSP/CSR Earning Strategy
- Sign up Bonus aside, these two cards are relatively weak in earning.
- This creates a bit of an irony–they’re great cards to hold, but better in union with other UR earning cards
- Freedoms for 5x categories, some chase Business cards also earn 5x
- Over time a stable of chase cards become important
- Pooling of points means that the earning of 5x points can then be moved to your sapphire and redeemed for travel at >1cpp
- 5x at 1.25 = 6.25 cpp, 5x at 1.5 = 7.5 cpp.
28:47 United/Southwest: Opportunity Cost
- For some people these cards are taking up slots and spend they want to use on Southwest or United Cards
- Might be best to get those cards first, holding them long term, then getting the CSP.
- Changes to southwest might make you consider Southwest cards, but be rational, how many trips a year do you actually take?
- The travel landscape changes fast, the flexibility of UR allow you to change with it. Southwest points do not.
31:38 Q2 2025 “Point Offer”
- Targeted: Seeing increased uplift for United/Delta/Qatar premium cabin flights, and some (mostly nicer) hotels
- Sapphire Preferred 1.5-1.75 cpp
- Sapphire Reserve 1.75-2.25 cpp
- Upgrading from Preferred to Reserve seemed to retain the same “amount” of targeted uplift (ie, was getting 1.5 cpp on Preferred, then got 1.75 cpp on upgraded Reserve)
- Might someone be targeted for this shortly after approval? Hard to say. More datapoints needed.
37:10 Live Application.
