NEW YORK–Chase Bank has rolled a temporary offer of 100,000 credit card points to customers who get a mortgage through the bank.
Through Aug. 6, Chase is offering 100,000 Ultimate Rewards points to existing Sapphire, Sapphire Preferred and Sapphire Reserve credit cardholders who finance a new home with Chase. The bank is targeting younger consumers who are entering the housing market.
"Half of Chase Sapphire customers are millennials, many of whom are looking to buy their first home now or in the near future," Pam Codispoti, president of Chase Branded Cards, said in a released statement.
According to Chase’s website, the APR on its 30-year fixed-rate mortgage is 4.094%. The offer applies only to residential first mortgage purchase loans submitted directly to Chase and customers must have had a Sapphire card prior to the May 7, 2017 launch date.