Chase Sapphire Sign Up Bonus Rules

Bank of america 2 3 4 rule restricts cardholders from applying for no more than two bofa credit cards every 2.

Chase sapphire sign up bonus rules.

Citibank one bonus per family rule. Roughly one year ago chase instituted a new family rule for sign up bonuses on its sapphire line of credit cards. 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. 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.

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. 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. Intro bonus and eligibility. You have to wait 48 months after earning the sign up bonus on.

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

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. New cardholders will now earn 80 000 ultimate rewards points after spending 4 000 in the first three months of account opening. 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.

Here s a quick summary. The chase sapphire cards are affected by the chase 5 24 rule. Chase sapphire cards have a few application rules to be aware of. 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.