Chase Freedom To Sapphire Preferred Upgrade Offer
There is an interesting Chase Freedom to Sapphire Preferred upgrade offer being emailed out to targeted Chase cardholders. Let’s take a look at the details of this offer first reported by Doctor of Credit and if this is a good offer for people.
Details Of The Upgrade Offer
Email Subject: Upgrade your Chase Freedom card to a Sapphire Preferred card and get a 10,000 Ultimate Rewards points (or a $95 statement credit) after your first purchase.
There are two versions of this offer being sent out. Some are getting the points offer while others are getting the statement credit offer. The points offer is better for sure.
A Few Things To Consider
Since this is the first type of offer on an Ultimate Rewards product I can think of from Chase, we see co-branded offers sometimes, we don’t know some details. How will this act with the Sapphire 48 month bonus rule? Does it reset the clock? I am not sure it would but they could play it like Citi does I guess.
Another thing to consider is if you are willing to give up the 5X earning the Freedom cards offer. If you have already maxed out the 4th quarter’s bonus spend then that may change things for you. As far as I know Chase doesn’t have an upgrade minimum timeline like Amex’s 1 year rule. Could you upgrade to test the card out and downgrade it back if it doesn’t work out for you in a few months? That is something to consider as well.
If you have a large stash of Ultimate Rewards points but no premium card for transfers, increased portal bookings or pay yourself back then this could make sense for you.
If I got the points offer I may take it on a card I have already maxed out this quarter. That is like getting $150 in value for $95. A nice little win in the short term and some flexibility in the longer term. If it was just the statement credit then probably not.
Final Thoughts
Let us know if you got the offer in your email and if you are planning to take it in the comments. There are a lot of things to consider for such a small offer for sure.
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