If you have been excited about making use of for the Chase Sapphire Preferred® Card (see charges and costs) — and even when you have not, you may need to hear this — now’s the greatest time to take action.
That’s as a result of that is your final likelihood to earn a limited-time bonus of 100,000 Ultimate Rewards factors after spending $5,000 on purchases in the first three months of account opening, since this provide ends on May 15 at 9 a.m. EDT.
TPG’s May 2025 valuations peg Chase Ultimate Rewards factors at 2.05 cents every, which implies this bonus is price a whopping $2,050. This matches the welcome provide we final noticed on this card over three years in the past.
Last likelihood: Earn 100,000 bonus factors with the Chase Sapphire Preferred for a restricted time. This provide ends on May 15.
Before you apply, although, it is best to be sure to’re eligible for this provide. Here’s a fast rundown of the eligibility necessities and restrictions for the Chase Sapphire Preferred welcome bonus.
Am I eligible for Chase Sapphire Preferred bonus?
This is what Chase states on its web site relating to Chase Sapphire Preferred bonus guidelines and eligibility:
The product is just not accessible 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 implies that you are in the clear to use for the card and obtain the welcome bonus in case you’ve by no means held the Chase Sapphire Preferred or Chase Sapphire Reserve® (see charges and costs).
However, issues get somewhat extra difficult in case you at the moment have the Sapphire Preferred or Reserve — or in case you’ve had one in the previous.
Chase has a 48-month rule for clients to obtain new cardmember bonuses inside the Chase Sapphire card household.
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So, in case you’ve earned a Chase Sapphire Preferred or Sapphire Reserve welcome bonus in the previous 4 years, you are out of luck to earn this bonus. And needless to say the 48-month rule applies to if you acquired the bonus, not if you utilized for the card.
Additionally, you may solely have one Sapphire bank card open at a time. That means those that are present cardholders of the Chase Sapphire Preferred, Chase Sapphire Reserve or the no-annual-fee Chase Sapphire Card (not open to new purposes) can’t apply for this card or obtain the bonus.
The data for the Chase Sapphire has been collected independently by The Points Guy. The card particulars on this web page haven’t been reviewed or supplied by the card issuer.
Related: What credit score rating do that you must get the Chase Sapphire Preferred card?
Chase’s 5/24 rule
Something else to contemplate when excited about whether or not to use for the Sapphire Preferred is Chase’s 5/24 rule.
Even in case you meet the above necessities, Chase Sapphire Preferred bonus guidelines require you to nonetheless fall underneath Chase’s notorious — although unpublished — 5/24 rule.
If you have opened 5 or extra new private bank card accounts (together with approved person accounts and a few enterprise accounts) throughout all issuers in the previous two years, Chase is sort of actually going to disclaim your utility.
You can attempt calling Chase to see in the event that they’re keen to not maintain approved person accounts in opposition to your most of 5 new accounts in the final two years in case you get denied for a brand new Chase card; nevertheless, word that this doesn’t suggest you may get an automated approval.
Related: How to calculate your 5/24 standing
Shifting credit score strains
There’s one last word relating to Sapphire Preferred purposes. If you at the moment have a number of Chase bank cards with giant credit score limits, there’s an opportunity you have hit the most (whole) amount of cash that the issuer is keen to mortgage you.
If this occurs, you almost certainly will not be rejected for the card if you apply. Instead, your utility will go into “pending” standing.
You may wait for Chase to decide, however you could be higher off calling the reconsideration line. You may proactively provide to maneuver credit score strains from an current card to the Sapphire Preferred, which may also help the agent push your utility by.
Bottom line
The present Chase Sapphire Preferred limited-time welcome bonus of 100,000 Chase Ultimate Rewards could be very worthwhile, so those that are eligible ought to contemplate making use of, particularly since that is your final likelihood to earn it. This provide ends on May 15.
If you have had your eye on the Sapphire Reserve, you would apply for the Sapphire Preferred now to earn the larger welcome bonus. Then you would request to improve to the Sapphire Reserve after a 12 months to entry elevated journey perks.
To be taught extra, learn our full overview of the Chase Sapphire Preferred.
Apply right here: Chase Sapphire Preferred Card – 100,000 Ultimate Rewards factors after spending $5,000 on purchases in the first three months of account opening
