Update: Chase is now offering 2 points for every dollar spent on travel and dining. One point per dollar is earned in any other category.
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Credit cards make spending convenient, but in addition to convenience the is offering a great incentive, offering to give you $500 cash back. The Chase Sapphire card, brought to you by JP Morgan Chase, a well known name in the banking industry, is the first card this year to offer you actual cash for signing up for their credit card.
For a limited time, new applicants can receive either $500 cash back, or $625 in travel rewards for .
With the economy the way it is, you might be asking yourself how a credit card can offer such a great incentive just for applying and here’s how it works. As a Chase Sapphire cardholder, you will receive 50,000 bonus points after you spend at least $3,000 in the first three months of having your credit card. Those points can be redeemed as $625 in travel rewards, or $500 cash back. Since Chase Sapphire is primarily an airlines travel credit card, the points are going to go 25 percent further if you use them for travel arrangements, versus getting cash back.
Chase also offers other ways to receive points on purchases made after the first three months of being a card member. You can earn extra points by using your Chase Sapphire to book airfare and hotel arrangements though Ultimate Rewards. Since this card is an airline miles credit card, you will be happy to know Chase doesn’t charge foreign transaction fees for purchases made while traveling outside of the United States, including online purchases.
Other perks about the include:
- Dedicated Customer Service: Chase guarantees when you call their customer service, you will be greeted by a person, not a prompt.
- No Annual Fee For The First Year: This is a $95 savings for the first year you are a Chase Sapphire cardholder.
- Annual Bonus Points: Each year you are a Chase cardholder, you will receive 7% dividend bonus. For example, if you spend $100,000 in one year, you will receive 7,000 bonus points.
Chase Sapphire isn’t available to everyone. In fact, you need excellent credit to be approved for this credit card. This credit card has a reasonable annual percentage rate of [cc bank=’chase sapphire~preferred’ alt=’15.24′]~RegApr~[/cc], but it doesn’t offer a period of time with a lower APR on purchases. Therefore, this card is a great option if you regularly pay off your balance each month.
If you decide this card is the best option for you, and you have great credit to qualify for the , apply online now on the . This offer is only available for a limited time and will be gone before you know it.
You can compare this card with other featured credit cards on RateCatcher.com’s credit card comparison chart to find the best credit card that fits your needs.