Chase is targeting some Chase Freedom cardholders for a free upgrade to Sapphire Preferred.
About The Offer
Chase is sending emails to some Freedom cardholders with an offer to upgrade to Chase Sapphire Preferred for free.
Freedom cards don’t have an annual fee, but the Sapphire Preferred does, which is $95.
But with this targeted offer, you can upgrade to the Sapphire Preferred and get a $95 statement credit or 10,000 Ultimate Rewards points after your first purchase. The second option is better, since 10,000 points are worth about $150.
The Chase Sapphire Preferred card comes with a $50 annual credit for Ultimate Rewards hotels, 3x points on online purchases of groceries, dining, and select streaming services, and a 10% increase in points on the card’s anniversary.
Chase Sapphire Preferred Benefits:
- Earn 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.
- Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.
- Earn 5x total points on travel purchased through Chase Ultimate Rewards, excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit.
- Earn 2x on other travel purchases.
- Earn 3x points on dining, including eligible delivery services, takeout and dining out.
- Earn 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs).
- Earn 3x points on select streaming services.
- Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when redeemed for travel. For example 60,000 points are worth $750 toward travel when redeemed through Chase Ultimate Rewards.
- Each account anniversary you’ll earn bonus points equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you’ll get 2,500 bonus points.
- You can transfer your points to leading frequent travel programs at 1 to 1 value.
- No foreign transaction fees
- Earn 5x points on Lyft rides through March 31, 2025. That’s 3x points in addition to the 2x points you already earn on travel.
- Skip the trip and have your groceries delivered to your doorstep with 6 months of complimentary Instacart+. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024.
- Get complimentary access to DashPass – a membership for both DoorDash and Caviar – which unlocks $0 delivery fees and lower service fees on eligible orders for a minimum of one year when you activate by December 31, 2024.
- Receive a $10 monthly statement credit from Gopuff. Gopuff quickly delivers drinks, snacks and other household essentials to your doorstep. Promotion runs through December 31, 2023. Terms apply.
Bottom Line
Nice way to upgrade and try out the Sapphire Preferred card for Freedom cardholders. You’ll have to see if the card is worth it for you with the ongoing annual fee.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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