112. Best Ever or Big Mistake? 3 Steps to Evaluate if Best-Ever Welcome Offers are Right for You
Point Me To First Class
Devon Gimbel MD
5 • 1K Ratings
🗓️ 21 April 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
A limited time elevated credit card bonus offer sounds amazing—so should you go for it?
In this episode, I break down how to evaluate elevated credit card welcome bonuses so you can make a smart, strategic decision. Using the current Chase Sapphire Preferred offer as a real-world example, I walk through the three questions you need to ask before jumping on any limited-time offer:
✔ Are you even eligible?
✔ How will this card fit into your overall points and travel goals?
✔ What’s the opportunity cost of applying right now?
Whether you’re new to points or deep in the game, this episode will help you avoid shiny bonus syndrome and make elevated offers work for you—not the other way around.
Get full show notes and transcript: https://pointmetofirstclass.com/evaluate-elevated-credit-card-bonuses/
Transcript
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| 0:00.0 | Welcome to Point Me to First Class, the only show for employed professionals, entrepreneurs, and business owners who are looking to optimize their higher than average expenses to travel the world. |
| 0:10.7 | I'm your host, Devin Gimble, and I believe that your expenses are your greatest untapped asset, if you know how to leverage them. |
| 0:17.8 | Ready to dive into the world of credit card points and miles so you can travel |
| 0:20.9 | more, travel better, and travel often. Let's get started. Hello, everyone, and welcome back to |
| 0:32.2 | another episode of the Point Me to First Class podcast. If you are listening to this episode in real |
| 0:36.8 | time when it airs |
| 0:37.9 | or close to it, you might be aware that Chase is generating a lot of buzz with an elevated offer |
| 0:43.8 | on one of their beloved personal points earning credit cards, the Chase Sapphire preferred card. |
| 0:48.6 | They recently announced that for an undisclosed amount of time, the welcome offer on the card |
| 0:53.7 | has been increased from its |
| 0:55.1 | usual 60,000 points to a whopping 100,000 points after you've been approved for the card |
| 1:00.2 | and meet the minimum spend requirement of $5,000 spent in three months. Yes, that is nearly double |
| 1:06.8 | their typical welcome bonus offer. And in the realm of Chase bonuses in general, this is an |
| 1:12.3 | incredibly strong offer. Unlike other card issuers like American Express or Capital One, Chase does not |
| 1:18.5 | routinely offer six-figure welcome bonuses, especially not on their personal rewards credit cards. |
| 1:24.2 | In fact, the welcome bonus on the Chase Sapphire preferred card has been |
| 1:27.7 | this high only once in the last eight years. And considering this bonus is on a card with a |
| 1:32.6 | relatively low annual fee, it's only $95 per year, that also offers solid bonus categories for |
| 1:38.8 | increased points earning on expenses including online grocery orders, dining, streaming services, and travel. |
| 1:45.7 | This promotion offers the rare combination of a fantastic welcome bonus on a card that for many |
| 1:51.5 | people also becomes a foundational points earning card for everyday spend well beyond the |
| 1:56.6 | welcome bonus alone. 100,000 valuable Chase Ultimate Rewards points can easily be worth anywhere from |
... |
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