Chase Sapphire Sign Up Bonus Rules

Chase just announced an elevated sign up bonus for one of its most popular travel credit cards the chase sapphire preferred card.

Chase sapphire sign up bonus rules.

Here s a quick summary. The chase sapphire preferred card has a 80 000 points intro bonus after spending 4 000 on the card within the first 3 months of account opening. You can redeem the sign up bonus for 800 in cash back or 1 000 in travel by booking airfare hotel stays or car rentals through the chase s travel portal with no blackout dates. Citibank one bonus per family rule.

For example say you open the sapphire reserve use it for a year and decide that you don t quite get 550 worth of benefits. Tpg values chase ultimate rewards points at 2 cents each which means this. The card currently has a welcome bonus of 80 000 chase ultimate rewards points after spending 5 000 in the first 3 months after account opening. Chase cards sign up bonus rules if you read the fine print on most chase credit card applications you ll see the bank makes their rules on signup bonuses fairly clear.

Chase sapphire cards have a few application rules to be aware of. There is a 24 month rule that applies to all chase credit cards including those co branded with a frequent flyer program or hotel chain. Rather than having its standard 24 month clock apply to each individual card the issuer deemed that having received a bonus on either the chase sapphire preferred card or the chase sapphire reserve meant you couldn t get the bonus on the other sapphire card for the same 24 month period. Bank of america 2 3 4 rule restricts cardholders from applying for no more than two bofa credit cards every 2.

The chase sapphire cards are affected by the chase 5 24 rule. American express once per lifetime rule means that you cannot receive the bonus from the same credit card twice. Chase sapphire 48 month rule in addition to the one sapphire rule you can only receive an intro bonus to a chase sapphire card once every 48 months 4 years. Open or upgrade to a new sapphire banking relationship and transfer a minimum of 75 000 in new qualifying deposits and or investments to chase deposit funds into the account within 45 days and maintain that balance for at least 90 days once these requirements are met chase will credit the 1 000 bonus to your account within 10 days.

The second rule is you can t receive a welcome bonus on either chase sapphire card unless it s been 48 months since you received the last bonus. Many of y all in the miles and points hobby are aware of the chase 5 24 rule wherein chase will not approve you for most of their cards if you ve opened five or more cards from any bank not counting certain business credit cards in the past 24 months but there are additional chase rules to be aware of. You have to wait 48 months after earning the sign up bonus on. Roughly one year ago chase instituted a new family rule for sign up bonuses on its sapphire line of credit cards.