Chase Sapphire Card: $100 Signup Bonus
The Chase Sapphire Card is a new rewards credit card that is offering 10,000 bonus points after your first purchase on the credit card, which can be redeemed for $100 cash. No annual fee.
As a rewards card, it offers 1 point for every dollar in purchases (100 points = $1, or the usual 1% back). The nice part is that redemptions are easy – you can even redeem in $1 increments as long as above $20, so you could cash out $27 or $113 without anything left over. There are no earning caps, or points expiration dates.
In addition, you can get double points on airfare booked through their Ultimate Rewards website. It also promotes a “premium, dedicated service line that gives you access to a live person anytime, 24/7.” I tested this out a couple of times and it really works! A real person picks up after a couple rings… it’s actually a bit disconcerting. Makes redeeming rewards much easier as well.
Fine print:
10,000 bonus points
You will qualify for and receive your bonus after your first purchase/first use of the card. First purchase/first use includes purchases, balance transfers, or any checks that are used to access your account, and excludes cash advances. After qualifying, please allow 6 to 8 weeks for bonus points to post to your account. This one-time bonus offer is valid only for first-time cardmembers with new accounts.
Find more in Credit Cards, Deals & Offers | 4/7/10, 2:45am | Trackback
![Cheap: The High Cost of Discount Culture [Book Review]](http://cdn.mymoneyblog.com/wordpress/wp-content/uploads/2011/08/cheap97.jpg)
April 7th, 2010 at 7:35 am
Since I rarely call my credit card company, and 1% cash back back is no big deal, I’d thought about signing up just for the $100, but then what? I guess I can take the $100 and put the card in the drawer with the others… My wife can probably get $100, too.
April 7th, 2010 at 2:00 pm
Free money? That’s a no brainer. Buy a tank of gas, pay it off, take the money and run. Thanks for keeping your eyes open. All of our team members like to follow your blog. I even have it sent to the RSS reader on my phone. Good luck with your goals and thanks for the information!
April 7th, 2010 at 6:10 pm
After reading the details, it appears you get a $100 STATEMENT CREDIT, not cash back. I’m OK with that, but am curious if any others have any knowledge on this before I sign up.
April 8th, 2010 at 7:25 am
I was approved – they don’t appear to offer true cash back, just statement credit OR gift cards to a number of places OR some other stuff. I may just fill my tank, pay the card, get the $100 statement credit and call it free gas for a while.
April 8th, 2010 at 10:03 am
If you charge everyday purchases a statement credit is as good as cash.
April 9th, 2010 at 3:45 am
“This one-time bonus offer is valid only for first-time cardmembers with new accounts.” So presumably anyone who already holds a Chase card — any Chase card — wouldn’t qualify, right?
April 10th, 2010 at 5:52 pm
@Adam – No, I have had lots of Chase cards and I got the bonus. It only applies to previous Chase Sapphire cardmembers. You can actually apply and receive more than one Sapphire card, but only one bonus. People used to double or triple-dip a lot in the past (and still when possible)
April 29th, 2010 at 8:37 pm
Follow up time. The day the card arrived I put a small purchase on it – some gas for my car, $15. My statement showed up today, 21 days after I applied and the 10k bonus points were on it, as were 16 points I earned for the $15.01 gas purchase. I paid the balance and went to the rewards site and was very happy to discover there is indeed an option to exchange 10k points for a check for $100. It should arrive in 7-10 days. I’m really happy with this, not having to wait another billing cycle to get the points. All told, $100 cash money in my pocket in one month. Thanks!