Disclosure: The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.

 

The Chase Sapphire Preferred card is currently running a limited time welcome offer of 75,000 Ultimate Rewards points. However, Chase has a myriad of rules with regards to some of these cards. In this case, I’m not eligible for this offer, but are you? Let’s have a look at some of the fine print that you need to look at before you apply.

CHASE SAPPHIRE PREFERRED OFFER

With this limited time offer, you’ll earn a welcome bonus of 75,000 Ultimate Rewards points after you spend $4,000 in the first 3 months of card membership

CLICK HERE FOR THE 75,000 POINTS WELCOME OFFER

CHASE WELCOME BONUS RULES: 48 MONTH RESTRICTION

Chase will deny you the bonus if you’ve received a welcome bonus for the Chase Sapphire Preferred or the Chase Sapphire Reserve in the last 48 months. Please note that the date when you received the bonus is what starts the clock instead of the date of card approval.

The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months

2/30 RULE

According to this rule, Chase will not approve you for one of their cards if you’ve successfully applied for two or more Chase cards in the last 30 days.

ONE SAPPHIRE RULE

If you already hold a Chase Sapphire Preferred or Reserve, Chase will not approve you for the other Sapphire card unless you downgrade one of the cards you currently hold.

CHASE 5/24 RULE

Chase will not approve you for their credit cards if you’ve been approved for 5 or more cards from any issuer in the last 24 months.

ANALYSIS

If your answer to any of the questions below is YES, then you won’t qualify for this 75,000 point offer on the Sapphire Preferred:

  • My last welcome bonus for the Sapphire Preferred or the Reserve posted after May 2020
  • I have already been approved for 2 Chase cards in the last 30 days
  • I currently hold the Chase Sapphire Reserve
  • I’ve been approved for 5 or more credit cards (from any issuer) in the last 24 months

THE PUNDIT’S MANTRA

If you’re instead looking for a more premium travel credit card, then the Chase Sapphire Reserve is also offering a welcome bonus of 75,000 Ultimate Rewards points. You’ll earn 75,000 Ultimate Rewards points after you spend $4,000 in the first 3 months of card membership.

Which is your favorite Sapphire card? Tell us in the comments section. In my case, I love the Chase Sapphire Preferred card and it’s a card that I’ve now carried in my wallet for close to a decade.

APPLY NOW FOR THE 75,000 POINTS WELCOME OFFER

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