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For those who’ve been occupied with making use of for the Chase Sapphire Preferred® Card (see rates and fees) — and even when you have not, you will wish to hear this — now’s the very 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. 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 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 when you’ve by no means held the Chase Sapphire Most popular or Chase Sapphire Reserve® (see rates and fees).
Nonetheless, issues get a bit extra sophisticated when you at the moment have the Sapphire Most popular or Reserve — or when you’ve had one up 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, when you’ve earned a Chase Sapphire Most popular or Sapphire Reserve welcome bonus up 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. Which means 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 functions) can not apply for this card or obtain the bonus.
The data 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 occupied with whether or not to use for the Sapphire Most popular is Chase’s 5/24 rule.
Even when you meet the above necessities, Chase Sapphire Most popular bonus guidelines require you to nonetheless fall below Chase’s notorious — although unpublished — 5/24 rule.
For those who’ve opened 5 or extra new private bank card accounts (together with authorized user accounts and some business accounts) throughout all issuers up to now two years, Chase is nearly actually going to disclaim your software.
You may attempt calling Chase to see in the event that they’re prepared to not maintain approved consumer accounts towards your most of 5 new accounts within the final two years when you get denied for a brand new Chase card; nonetheless, word that this does not imply you will get an computerized approval.
Associated: How to calculate your 5/24 standing
Shifting credit score traces
There’s one ultimate word concerning Sapphire Preferred functions. For those who at the moment have multiple Chase credit cards with massive credit score limits, there’s an opportunity you’ve got hit the utmost (complete) sum of money that the issuer is prepared to mortgage you.
If this occurs, you probably will not be rejected for the cardboard while you apply. As a substitute, your software will go into “pending” standing.
You could possibly look forward to Chase to decide, however you could be higher off calling the reconsideration line. You could possibly proactively supply to maneuver credit score traces from an present 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 invaluable, so those that are eligible ought to think about making use of, particularly since that is your final likelihood to earn it. This supply ends on Might 15.
For those who’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 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