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Chase $550 Bonus

November 20th, 2013 at 08:56 pm

Yes, of course Chase upped their bonus considerably right after dh applied!

But, I kind of figured that would happen and I am up for a double dip or a triple dip myself (I don't remember off the top of my head). & we can also always ask them to match the offer on the card we just applied for.

Anyway, here is the 55,000 bonus I just stumbled across today:

http://www.creditcardwatcher.com/chase-sapphire-preferred-ca...

I already applied.

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Dh's total bonus will be $430, and mine should be $580, for a total of $1,010. The reward is CASH.

I am going the "super lazy" route:

For one, I don't think I will bother to ask them to match on dh's card.

Secondarily, I have to come up with $6,000 to spend in the next 3 months for both of these cards. It's not really a big deal because gas + groceries + health insurance is about $2k per month for us. So, we could charge anything and everything and make it work. BUT, that is a lot of accounting on my part.

I've already got dh's $3,000 spent, so the easiest way to do mine is to charge our property taxes. We will pay a $50-ish fee to do so, but this will be infinitely easier in the grand scheme of things. That is one charge versus an entire month of charges to track on some random card we will only keep for a few months. Anything more than that is too complicated for my sensibilities.

So, this is what we did:

--Charged $140-ish to AAA this month.

--Dh's card closes next week (billing cycle closes) so after that I will charge November health insurance, December health insurance & home insurance and flood insurance.

This brings us about exactly to $3,000 (with the bulk of it due January 31). I already have every single one of those bills set to pay after next week.

My new Chase Sapphire Card:

--Charge Property taxes $2,000
--I will probably pre-pay January's health insurance. Or just charge it in January since it is well within 3 months.

--Dh will have to do one small charge for the extra 5,000 points. Hopefully something really small.

& that is how we will spend $6,000 in like one month, so we can get these rewards in hand ASAP.

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Rewards Spending:

--$400-ish is going to dh's new phone (why I applied for the other Chase card in the first place).

--I still owe $350 for BM's field trip for this year so will just knock that out.

--Leaves about $200-ish after the property tax fee. Might just use that to shore up our beach weekend. I didn't pay the entire hotel yet, and will have the kitty hotel. & eating out always adds up so quickly (since we are so used to such cheap home cooking).

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While I am doing a credit card reward post...

Progress on our ongoing credit card rewards:

--Will earn about $600 this year from Fidelity AmEx (Deposited to ROTHs)

--Will earn about $500 with our gas/groceries reward card (has all gone to mortgage)

--Earned $160 on our CU visa (we racked up a lot of charges last month because they had a 2% cash back promotion - I don't get this reward until January - it accumulates all year and we usually don't use this card much - will probably throw the $160-ish at the mortgage when I receive it).

--I looked and we saved $80 at Target this year. Once I get the year-end total I will throw this sum at the mortgage. At 5% back this works out to about $1600 purchases. The bulk of that is groceries.

The credit card reward grand total is going to be close to $2600 this year.

6 Responses to “Chase $550 Bonus”

  1. ironicone Says:

    If your DH has opened the account in the last 90 days, Chase will often match the offers. Have him send a message via the message center

  2. Looking Forward Says:

    I was waiting to see if they raised the bonus. Thanks for posting the link!
    Just applied and approved!! Big Grin I'd like to apply for DH, but will need to wait so we can meet the spending reqmnts.

  3. creditcardfree Says:

    Yes, send a message online to Chase about the match. Thanks for the heads up. It's my turn to apply for the Chase Sapphire and I think it has been just over a year. I need to figure out our spending to get there as well. We don't have anything too big, beside Christmas expenses.

  4. ceejay74 Says:

    That's a great bonus! I may apply for it next month if it's still available; would be a good one to use on paying for my dental bills, but I might not get the bills until February, so I don't want to cut it too close on the 3-month deadline.

  5. MonkeyMama Says:

    I saw that it was only offered for 1 day, supposedly. But, some people are still seeing it (I still can). Depending on browser, etc.

    I signed up for a new "Credit card reward blog" e-mail updates because I can't believe I almost missed this! It was supposed to be only for Tuesday and I saw it Wednesday night.

  6. creditcardfree Says:

    Really? Only one day. Where did you see that posted? I might just go ahead and apply.

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