If you finance a new home with Chase between now and August 6, 2017 and you’re a holder of a Chase Sapphire, Chase Sapphire Preferred, or Chase Sapphire Reserve credit card, Chase is giving you the ability to earn 100,000 Ultimate Rewards points when you finance a new home with them.
This offer is only valid for new loans submitted directly through Chase for residential homes. The mortgage must be both funded and closed by the August 6th deadline in order to qualify for the bonus.
Points are said to post approximately 10 weeks after the mortgage closes. There isn’t a minimum loan requirement in order to receive the bonus.
Should You Finance Your New Home with Chase?
There’s a pretty good chance that this deal doesn’t make sense for you if you’re not intending to buy a new home this summer. However, if you are, 100,000 Ultimate Rewards is a pretty decent bonus – especially if Chase is offering competitive rates anyway.
Typical valuations for Ultimate Rewards points range from 1.5 to 2.0 cents per point, which makes this bonus worth between $1,500 and $2,000. Depending on the rates being offered for your home purchase and how you value Ultimate Rewards points, this could be a killer deal!