For a limited time, Chase Mortgage is partnering with Chase Sapphire to offer Sapphire customers 100,000 reward points on their credit cards when the purchase a home loan with Chase Mortgage, according to an announcement Monday.
This offer is aimed at millennial homebuyers, who make up half of Chase Sapphire customers.
“We want to show the true benefit of being a Chase customer throughout the many stages of life, whether it’s opening your first credit card or buying your first home,” said Amy Bonitatibus, Chief Marketing Officer for Chase Mortgage.
"We designed this exclusive mortgage offer for our Chase Sapphire customers to reach a new wave of homebuyers,” she said.
Chase experienced an increase in millennial home loan borrowers and anticipates more of its millennial customers will become homebuyers in the near future.
Millennials contributed to 36 percent of home loan originations at Chase in 2016, up from 20 percent in 2015.
“Half of Chase Sapphire customers are millennials, many of whom are looking to buy their first home now or in the near future,” said Pam Codispoti, President of Chase Branded Cards. “With tremendous enthusiasm around the new Sapphire Reserve card and ongoing popularity of Sapphire Preferred, this is another way to provide even more value to our shared customers.”
All customers who held a Chase Sapphire, Sapphire Preferred, or Sapphire Reserve card before May 7 are eligible for the reward offer, which lasts through August 6. The offer applies to mortgage purchase loans only and is not available on refinance loans or home equity lines of credit.
More information is available at www.chase.com/MortgageUltimateRewards.