UPDATE: Chase has bumped the spending requirement back up to $3,000 for the Chase Sapphire Preferred. Link is below.
As you have probably seen by now, Monday afternoon Chase dropped the Minimum Spend Requirement on the Chase Sapphire Preferred from $3,000 in 3 months to $2,000 in 3 months.
While it may not sound like a huge change, it essentially is a 33% drop in the amount of required spending and put the Card in the reach of far more people.
If you are new to the “Travel Hacking” community, the Chase Sapphire Preferred is the Card I recommend you get.
It earns Ultimate Rewards Points which can be transferred to United, British Airways, Southwest, Hyatt, Marriott, and Priority Club at a 1 Point = 1 Mile / Hotel Point ratio.
Also there are no International Transaction Fees and the Annual Fee is waived for the 1st Year!
A more in-depth review that I wrote about the Chase Sapphire Preferred can be found here.
Basically by signing up for the Chase Sapphire Preferred and spending $2,000 in 3 months, you will earn 40,000 Ultimate Rewards points which you can transfer to any of the above Airline or Hotel Partners for a free flight or hotel stay!