Who’s Qualified for Maximum Chase Sapphire Preferred Bonus?

Chase just unveiled its highest ever welcome bonus: Qualified new Chase Sapphire Preferred® Card applicants can earn 80,000 reward details after expending $4,000 on buys in the very first 3 months from account opening.

This substantial new bonus is truly worth up to $1,000 when you redeem details for travel through Chase Ultimate Rewards®. Any factors you make making use of the Sapphire Preferred card have 25% far more price when you use them for buys as a result of the portal. Earning this bonus can help you offset potential travel fees.

If you are keen to apply for this card and just take advantage of the bonus, be conscious that not everyone who is permitted for the card can generate the bonus. Beneath, CNBC Find breaks down the eligibility requirements for earning the bonus:

Numerous card issuers set limitations on who can get paid a welcome bonus centered on your previous and existing romance with the issuer.

The critical takeaway is that the welcome bonus is only obtainable if you really do not at this time have any Sapphire card (Favored or Reserve) and haven’t received a new card member reward for any Sapphire card in the earlier 48 months.

Listed here are situations that can assist you ascertain your eligibility:

1. You never had a Sapphire card: Qualified
2. You at present have a Sapphire card, regardless of regardless of whether you formerly been given the reward: Not eligible
3. You previously had a Sapphire card and acquired the reward inside the earlier 48 months: Not eligible
4. You formerly had a Sapphire card and gained the bonus much more than 48 months ago: Qualified
5. You beforehand had a Sapphire card and hardly ever received the bonus: Eligible

An essential clarification on the 48-thirty day period timeline is that Chase refers to the day you been given the reward, not when you opened your account. And if you request a merchandise modify to the Sapphire Preferred card, you’ll forgo the opportunity to make the welcome reward.

If you are not qualified for the Sapphire Chosen reward, think about other Chase playing cards that have business-top features. The Chase Liberty Flex℠ card is at this time giving new card holders $200 money back after you devote $500 on buys in your first a few months from account opening. Equivalent to Sapphire, the reward is only available to you if you will not at the moment have the Flex card and have not obtained a new card member bonus for this card in the earlier 24 months (which just isn’t an situation considering the fact that the card just introduced on September 15, 2020).