Alerts Sign-up
The Chase Sapphire Preferred Card has been a popular choice for travelers seeking to maximize their rewards points. Since its introduction, cardholders have enjoyed significant benefits, including opportunities to travel using accumulated points. However, with the announcement of a new bonus offer, some cardholders are considering strategic changes to their accounts.
Chase recently announced an increased bonus for the Sapphire Preferred Card—100,000 points after spending $5,000 within the first three months of opening an account. This prompted one cardholder to take action in order to qualify for this offer again.
To become eligible for the new bonus while adhering to Chase's policies, the cardholder decided to downgrade their existing Chase Sapphire Preferred Card to a no-annual-fee Chase Freedom Unlimited. "When I heard about the 100,000 bonus," they explained, "I downgraded my existing Chase Sapphire Preferred to the Freedom Unlimited instead of signing up for a new card."
