What To Know
- For example, if you need to purchase a new appliance or pay for a trip, using a gift card purchased with your Chase Sapphire Preferred can help you earn a welcome bonus or other rewards.
- Understanding how gift cards count toward minimum spend on the Chase Sapphire Preferred can empower you to maximize your rewards potential.
- Yes, as long as the gift card is not purchased from a payment processor, used for a cash advance, or purchased with another credit card.
When it comes to maximizing credit card rewards, meeting minimum spending requirements is crucial. Many cardholders wonder, “Does Chase Sapphire Preferred count gift cards toward minimum spend?” This comprehensive guide will provide a detailed analysis of this topic, empowering you to make informed decisions about your spending strategies.
Understanding Minimum Spending Requirements
Minimum spending requirements are a common feature of credit card welcome bonuses and regular rewards programs. These requirements stipulate a specific amount of money that cardholders must spend within a certain time frame to qualify for a bonus or earn rewards points.
Chase Sapphire Preferred Minimum Spending
The Chase Sapphire Preferred® Card offers a generous welcome bonus of 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening. This bonus can be redeemed for travel, gift cards, or cash back.
Gift Cards and Minimum Spend
Does Chase Sapphire Preferred count gift cards toward minimum spend?
Yes, Chase Sapphire Preferred does count gift cards toward minimum spend. This means that purchases made with gift cards will contribute to the $4,000 minimum spending requirement for the welcome bonus.
Exclusions and Limitations
While Chase Sapphire Preferred generally counts gift cards toward minimum spend, there are a few exceptions:
- Gift cards purchased from payment processors: Gift cards purchased from third-party payment processors, such as PayPal or Venmo, may not qualify as purchases toward minimum spend.
- Gift cards used for cash advances: Gift cards used to obtain cash advances will not count toward minimum spend.
- Gift cards purchased with other credit cards: Gift cards purchased using another credit card will not count toward minimum spend on the Chase Sapphire Preferred.
Maximizing Minimum Spend with Gift Cards
Gift cards can be a strategic way to meet minimum spending requirements, especially for large purchases or expenses that you would have made anyway. For example, if you need to purchase a new appliance or pay for a trip, using a gift card purchased with your Chase Sapphire Preferred can help you earn a welcome bonus or other rewards.
Other Ways to Meet Minimum Spend
In addition to gift cards, there are other ways to meet minimum spending requirements:
- Regular purchases: Everyday purchases, such as groceries, gas, and dining out, can contribute to minimum spend.
- Online shopping: Online retailers often offer discounts and promotions that can help you save money while meeting minimum spend.
- Subscription services: Subscribing to streaming services, meal kits, or other monthly services can also contribute to minimum spend.
Key Points: Strategic Spending for Maximum Rewards
Understanding how gift cards count toward minimum spend on the Chase Sapphire Preferred can empower you to maximize your rewards potential. By strategically using gift cards for eligible purchases and exploring other spending options, you can meet minimum spending requirements and earn valuable bonuses and rewards.
Information You Need to Know
1. Can I use any type of gift card toward Chase Sapphire Preferred minimum spend?
Yes, as long as the gift card is not purchased from a payment processor, used for a cash advance, or purchased with another credit card.
2. How long do I have to meet the minimum spending requirement?
The minimum spending requirement for the Chase Sapphire Preferred welcome bonus must be met within the first 3 months of account opening.
3. What is the best way to use gift cards to meet minimum spend?
Use gift cards for large purchases or expenses that you would have made anyway, such as appliances, travel, or dining out.
