Partnering with Chase Sapphire will help reach the next generation of consumers in the market for a new home. Chase saw an uptick in millennial homeownership among its customer base and expects this trend to continue. Customers under the age of 35 made up for 36 percent of Chase’s mortgage originations volume in 2016, up from 20 percent in 2015.
“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."
“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 Chase Sapphire cardmembers, as of May 7, 2017, are eligible for the offer, including Sapphire, Sapphire Preferred® and Sapphire ReserveSM. Chase Sapphire cards offer worldwide rewards on a broad range of travel and dining purchases, plus points are worth more when redeemed for travel through Chase Ultimate Rewards and customers have access to unique events and experiences. The offer applies to mortgage purchases, not refinances or home equity lines of credit.
For more information on this offer, please visit: www.chase.com/MortgageUltimateRewards.