The Chase Sapphire Preferred – one of the most popular travel credit cards – is increasing it’s minimum spending, according to a representative I spoke with at Chase today. The new minimum spending requirement will take effect sometime on Monday November 17.
The current minimum spending on the card to receive 40,000 Chase Ultimate Rewards Points is $3,000. On Monday, that number will rise to $4,000, so if you were thinking about applying for this card, now might me the best time to do so, since you’ll have to complete less of a spending requirement to receive the bonus points.
As a reminder, the Chase Sapphire Preferred includes:
- 2x the points on dining and travel
- No foreign transaction fees
- Primary rental car insurance
- 1:1 transfer partners for Chase Ultimate Rewards
Apply for this card before Monday, if you want to stick at the $3,000 minimum spending level to receive 40,000 Ultimate Rewards Points.
Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals! Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page! This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.