If you happen to’ve been interested by making use of for the Chase Sapphire Preferred® Card (see rates and fees) — and even when you have not, you may wish to hear this — now’s the perfect time to take action.
That is as a result of that is your final probability to earn a limited-time bonus of 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months of account opening, since this provide ends on Might 15 at 9 a.m. EDT.
TPG’s Might 2025 valuations peg Chase Final Rewards factors at 2.05 cents every, which implies this bonus is value a whopping $2,050. This matches the welcome offer we final noticed on this card over three years in the past.
Final probability: Earn 100,000 bonus factors with the Chase Sapphire Preferred for a restricted time. This provide ends on Might 15.
Earlier than you apply, although, you must be sure to’re eligible for this provide. This is a fast rundown of the eligibility necessities and restrictions for the Chase Sapphire Most popular welcome bonus.
Am I eligible for Chase Sapphire Most popular bonus?
That is what Chase states on its web site relating to Chase Sapphire Most popular bonus guidelines and eligibility:
The product just isn’t out there to both (i) present cardmembers of any Sapphire bank card, or (ii) earlier cardmembers of any Sapphire bank card who acquired a brand new cardmember bonus inside the final 48 months.
That signifies that you are within the clear to use for the cardboard and obtain the welcome bonus if you happen to’ve by no means held the Chase Sapphire Most popular or Chase Sapphire Reserve® (see rates and fees).
Nevertheless, issues get a little bit extra difficult if you happen to at the moment have the Sapphire Most popular or Reserve — or if you happen to’ve had one prior to now.
Chase has a 48-month rule for purchasers to obtain new cardmember bonuses inside the Chase Sapphire card household.
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So, if you happen to’ve earned a Chase Sapphire Most popular or Sapphire Reserve welcome bonus prior to now 4 years, you are out of luck to earn this bonus. And needless to say the 48-month rule applies to while you acquired the bonus, not while you utilized for the cardboard.
Moreover, you’ll be able to solely have one Sapphire bank card open at a time. Meaning those that are present cardholders of the Chase Sapphire Most popular, Chase Sapphire Reserve or the no-annual-fee Chase Sapphire Card (now not open to new purposes) can not apply for this card or obtain the bonus.
The knowledge for the Chase Sapphire has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Associated: What credit score do you need to get the Chase Sapphire Preferred card?
Chase’s 5/24 rule
One thing else to contemplate when interested by whether or not to use for the Sapphire Most popular is Chase’s 5/24 rule.
Even if you happen to meet the above necessities, Chase Sapphire Most popular bonus guidelines require you to nonetheless fall below Chase’s notorious — although unpublished — 5/24 rule.
If you happen to’ve opened 5 or extra new private bank card accounts (together with authorized user accounts and some business accounts) throughout all issuers prior to now two years, Chase is nearly definitely going to disclaim your software.
You may strive calling Chase to see in the event that they’re keen to not maintain approved consumer accounts in opposition to your most of 5 new accounts within the final two years if you happen to get denied for a brand new Chase card; nonetheless, be aware that this does not imply you may get an automated approval.
Associated: How to calculate your 5/24 standing
Shifting credit score traces
There’s one last be aware relating to Sapphire Preferred purposes. If you happen to at the moment have multiple Chase credit cards with massive credit score limits, there’s an opportunity you have hit the utmost (complete) amount of cash that the issuer is keen to mortgage you.
If this occurs, you probably will not be rejected for the cardboard while you apply. As an alternative, your software will go into “pending” standing.
You could possibly await Chase to decide, however you may be higher off calling the reconsideration line. You could possibly proactively provide to maneuver credit score traces from an present card to the Sapphire Most popular, which can assist the agent push your software by.
Backside line
The present Chase Sapphire Preferred limited-time welcome bonus of 100,000 Chase Final Rewards could be very invaluable, so those that are eligible ought to contemplate making use of, particularly since that is your final probability to earn it. This provide ends on Might 15.
If you happen to’ve had your eye on the Sapphire Reserve, you might apply for the Sapphire Most popular now to earn the upper welcome bonus. Then you might request to improve to the Sapphire Reserve after a yr to access elevated travel perks.
To study extra, learn our full review of the Chase Sapphire Preferred.
Apply right here: Chase Sapphire Preferred Card – 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months of account opening
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