Breaking News: Sapphire Preferred Bonus Dropping to 40K

Say it ain’t so Chase! As reported here, here, here, here, here, here, here, , and here, the sign-up bonus for the Chase Sapphire Preferred is officially being reduced from 50,000 to 40,000 Ultimate Rewards points starting Tuesday, April 3.

The Sapphire Preferred, a stalwart of the points game, has for some time been the most frequently recommended card by many enthusiasts for its generous sign-up bonus, 2x travel/dining bonus, annual 7% bonus bonus, lack of foreign transaction fees, and the fact that it looks and feels so awesome. We attribute numerous “successful” dates with beautiful companions in part to this card’s impressive weight. For these reasons, you’ll find it in the Top Deals section of our site, even though we don’t get a referral bonus. Also, have you ever noticed how funny the word “bonus” is?

We assume this to be a sign that Chase is planning a huge new sign-up bonus to promote the Sapphire Preferred Preferred, but it remains unconfirmed at this time. Now if you’ll excuse us, we’re going to ask our flight attendant for some liquor that we can pour out for this dead deal.

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