There was a bit of a feeling that the world was coming to an end when Chase lowered the official Chase Sapphire bonus from 50,000 points to 40,000 points.
But, as I wrote at the time, this is by no means the end of the world, even if the affiliate links drop to 40k as well. Why? Because there are plenty of ways to continue to earn large bonuses in the program. I thought it would be helpful to compile those here:
- The Chase Ink Business Bold card (application here) is offering 25,000 points after first purchase, then an additional 25k points after $10,000 in spend in 3 months with the first year fee waived. T
- The Chase Freedom card is offering 30,000 points after $500 in spend in 3 months (OFFER NOW EXPIRED). If you have a Sapphire Preferred or Ink Bold® Charge Card card you can transfer those points into Ultimate Rewards.
- If you DO have the Freedom card, remember that the Q2 spending bonuses on Grocery Stores and Movie Theater purchases kick in on April 1. You’ll earn 5% cash back (on up to $1500 in purchases) all quarter. You must register here.
- Another perk of the Freedom card: If you have a Chase personal checking account and a Chase Freedom card, you’ll earn 10 bonus points on every purchase plus 10% extra points per $1 spent. And if you have a Chase Sapphire Preferred card, those Freedom points can be transferred into Ultimate Rewards. Solid deal. Details here.
A similar offer is available for Chase business checking account holders — they can earn a 20% Ultimate Rewards bonus on their credit card spend if they have the Chase Business Ink Bold® Charge Card card through the Chase Exclusives for Business program. Details here. (This offer has apparently expired – I apologize for not updating earlier)
So yes, that initial bonus will likely be shrinking a bit, but there are plenty of opportunities to still get a bunch of Ultimate Rewards points through these programs.
(Disclosure: The Chase cards are affiliate links.)