The Offer
Check your email for the following offer:
- Upgrade your Chase Freedom card to a Sapphire Preferred card and get a $95 statement credit after your first purchase.
- Others got an offer for 10,000 Ultimate Rewards points instead.
Our Verdict
Both are nice offers, obviously the 10,000 points offer will be significantly better for most people. I don’t recall Chase sending out this kind of offer before, it’s more of an Amex thing, yet this targeted email offer is being mentioned by many people. Some people might hesitate to lose the 5x reward categories with the upgrade.
Update: Just a word of caution – some readers have expressed concern that this product change bonus might be considered a signup bonus with regards to resetting the 48-month signup bonus time-frame.
Hat tip to reader Juan and to b0b0thecl0wn
Source: doctorofcredit.com