In the event you’ve been interested by making use of for the Chase Sapphire Preferred® Card (see rates and fees) — and even when you have not, you will need to hear this — now could be one of the best time to take action.
That is as a result of that is your final likelihood 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 supply 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 likelihood: Earn 100,000 bonus factors with the Chase Sapphire Preferred for a restricted time. This supply ends on Might 15.
Earlier than you apply, although, it is best to be sure to’re eligible for this supply. Here 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 concerning Chase Sapphire Most popular bonus guidelines and eligibility:
The product will not be obtainable 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 should you’ve by no means held the Chase Sapphire Most popular or Chase Sapphire Reserve® (see rates and fees).
Nonetheless, issues get somewhat extra sophisticated should you at present have the Sapphire Most popular or Reserve — or should you’ve had one previously.
Chase has a 48-month rule for purchasers to obtain new cardmember bonuses inside the Chase Sapphire card household.
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So, should you’ve earned a Chase Sapphire Most popular or Sapphire Reserve welcome bonus previously 4 years, you are out of luck to earn this bonus. And understand that the 48-month rule applies to if you acquired the bonus, not if 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 (not open to new functions) 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 offered 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 should you meet the above necessities, Chase Sapphire Most popular bonus guidelines require you to nonetheless fall underneath Chase’s notorious — although unpublished — 5/24 rule.
In the event you’ve opened 5 or extra new private bank card accounts (together with authorized user accounts and some business accounts) throughout all issuers previously two years, Chase is nearly definitely going to disclaim your software.
You’ll be able to strive calling Chase to see in the event that they’re keen to not maintain approved consumer accounts towards your most of 5 new accounts within the final two years should you get denied for a brand new Chase card; nevertheless, word that this doesn’t suggest you will get an computerized approval.
Associated: How to calculate your 5/24 standing
Shifting credit score traces
There’s one remaining word concerning Sapphire Preferred functions. In the event you at present have multiple Chase credit cards with giant credit score limits, there’s an opportunity you’ve got hit the utmost (whole) sum of money that the issuer is keen to mortgage you.
If this occurs, you probably will not be rejected for the cardboard if you apply. As a substitute, your software will go into “pending” standing.
You possibly can look ahead to Chase to decide, however you could be higher off calling the reconsideration line. You possibly can proactively supply to maneuver credit score traces from an current card to the Sapphire Most popular, which may help the agent push your software by means of.
Backside line
The present Chase Sapphire Preferred limited-time welcome bonus of 100,000 Chase Final Rewards may be very useful, so those that are eligible ought to contemplate making use of, particularly since that is your final likelihood to earn it. This supply ends on Might 15.
In the event you’ve had your eye on the Sapphire Reserve, you can apply for the Sapphire Most popular now to earn the upper welcome bonus. Then you can request to improve to the Sapphire Reserve after a yr to access elevated travel perks.
To be taught 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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