Chase Sapphire cardholders can earn 100,000 points with a Chase mortgage

By  |  Published: May 22, 2017

Chase Sapphire 100k offer

 

Chase Sapphire 100k offer

 

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

Chase has launched a unique, new offer that allows Sapphire, Sapphire Preferred and Sapphire Reserve cardholders to receive 100,000 Ultimate Rewards points when they close a mortgage with Chase through Aug. 6, 2017.

After seeing an increase in millennial homeownership among its customer base, Chase designed this offer to appeal to a new wave of homebuyers. Chief marketing officer for Chase Mortgage, Amy Bonitatibus, explained, “We want to show the true benefit of being a Chase customer throughout the many stages of life, whether it’s opening your first credit card or buying your first home.”

Customers must have a Sapphire, Sapphire Reserve or Sapphire Preferred card prior to May 7 in order to be eligible for the mortgage offer. The bonus only applies to new mortgage purchases, and not refinances or home equity loans.

Stocking up on Ultimate Rewards points

If you are thinking of accumulating Ultimate Rewards points, then you should know that Chase already offers two very generous sign-up offers through its Chase Sapphire cards.

The Chase Sapphire Preferred – Chase’s premium travel card -- offers the following rewards:

  • 50k sign-up bonus – Spend $4,000 in the first three months, and receive 50,000 bonus points.
  • 5k bonus – Receive 5,000 bonus points after you add the first authorized user to your account and make a purchase within the first three months.
  • 2X rewards – Earn 2 points per dollar spent on travel and dining.
  • 1X rewards – Earn 1 point per dollar spent on all other purchases.
  • 25 percent rewards bonus – Receive 25 percent more value when you redeem your points through the Chase Ultimate Rewards portal.

For elite travelers, the Chase Sapphire Reserve card offers a similar rewards scheme, with a higher earn rate, a large travel credit and a better redemption bonus (all for a higher annual fee) :

  • 50k sign-up bonus – Receive 50,000 points after spending $4,000 in the first three months.
  • 3X rewards – Earn 3 points per dollar spent on travel and dining.
  • 1X rewards – Earn 1 point per dollar spent on all other purchases.
  • 50 percent rewards bonus – Receive 50 percent more value when you redeem your points for travel through the Chase Ultimate Rewards portal.
  • Annual travel credit – Automatically receive up to $300 in statement credits each year as reimbursement for travel purchases.

The opportunity to collect an additional 100,000 Ultimate Rewards points on top of these offers may be enough to spark the interest of the travel hacking community. Chase Ultimate Rewards points are sought after by many travel enthusiasts because of the value and versatility of Ultimate Rewards.

You can redeem Ultimate Rewards points for travel statement credits at a high rate of 1 cent per point, or you can redeem points for travel through the Chase Ultimate Rewards portal to receive a redemption bonus. You can also transfer points to a large number of airline partners at a high rate of 1 point per dollar. Chase’s partners include many major airlines and hotel chains, such as the British Airways Executive Club, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club and World of Hyatt. Points do not expire as long as your account remains open.

100k bonus offers

If you’re already in the market for a new home, then the 100,000-point offer is a pretty sweet bonus. But purchasing a house or condo is definitely not the easiest or cheapest way to earn 100,000 points. Here are other 100k sign-up bonuses that are currently available:

Credit cards with 100k-point sign-up bonuses
Credit card Sign-up bonus Estimated value of bonus* Annual fee
Chase Sapphire Preferred • 100k after closing a Chase mortgage
• 50k after $4,000 spend in first 3 months
• 5k after adding authorized user and making purchase
$1,953 $95, waived first year
Chase Sapphire Reserve • 100k after closing a Chase mortgage
• 50k after $4,000 spend in first 3 months
$1,890 $450

Chase British Airways Visa Signature

(Update: Offer no longer available as of 10/5/17)

• Up to 100k Avios points after up to $20,000 spend in first year $2,290 $95
Hilton Honors Surpass • 100k points after $3,000 spend in first 3 months (offer ends 5/31/17) $440 $75

*Bonus value is based on our estimated value of each card’s rewards points.

Although the Chase Sapphire cards (with the  mortgage offer included) offer the largest overall sign-up bonuses, the sign-up bonus on the British Airways card has a higher value. We estimate the rewards to be valued at 2.29 cents per Avios for the British Airways card, 1.26 cents per point for the Sapphire Preferred and Reserve cards and .44 cents per point for the Hilton Honors Surpass card.

Limited time only

Still relatively rare, 100,000-point sign-up bonuses tend to come and go quickly – if at all – among premium credit cards. For example, the Hilton bonus ends May 31, and the Sapphire bonuses end Aug. 6. So whenever you come across a 100k offer that suits your needs, you should act fast.

See related: Chase and British Airways boost sign-up bonus to 100k Avios, Amex Hilton Honors cards offer 80,000-100,000 bonus points, Citi launches limited-time 60k offer for AAdvantage Platinum Select cards

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy


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Updated: 10-23-2017

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