When Are You Eligible for Chase Signing Bonus Again
Guide to Chase Sapphire rules and restrictions
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2 of the all-time Chase credit cards are the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® cards. The Sapphire Preferred is the best for beginners, with the Sapphire Reserve being the best for travelers, especially those looking for premium perks.
Before you make up one's mind between which carte is best for yous, you need to be enlightened of Chase's credit card rules — especially those surrounding the Sapphire-branded cards. Just with a picayune planning, in that location'south no reason to worry about running out of those always-popular Chase Ultimate Rewards points.
Hunt Sapphire rules
Many of y'all in the miles and points hobby are aware of the Hunt 5/24 dominion, wherein Chase will not approve you for most of their cards if you've opened v or more cards from whatever bank (not counting certain business credit cards) in the past 24 months. But there are boosted Chase rules to be aware of.
You lot have to look 48 months afterward earning the sign-up bonus on one Chase Sapphire carte du jour earlier you tin earn it once more on some other. The waiting period starts when you lot receivethe bonus — not when you're approved, activate the carte or hit a cardmember anniversary. So if you open a Sapphire menu in say, May, but receive your bonus points in August – then that day in August is when the 48-month waiting period will brainstorm. And so you could potentially have to wait 50+ months between card approvals.
Plus, you tin can non have more than one Sapphire-branded credit carte du jour at a time.
What does this mean for you?
Basically, it means you should pick ane of the two Sapphire cards — the Chase Sapphire Preferred or the Hunt Sapphire Reserve.
With the Sapphire Preferred, yous'll earn 60,000 bonus points afterward yous spend $four,000 in the first three months from account opening. With the Sapphire Reserve, you'll earn fifty,000 bonus points subsequently you spend $4,000 in the outset three months from account opening.
Here'southward an in-depth comparison of the Chase Sapphire Preferred and Sapphire Reserve.
Remember, you tin always upgrade or downgrade either menu after keeping it for a year. You won't earn another bonus when you practise this, just if you lot decide you want a lower annual fee, or more than perks like the Sapphire Reserve's $300 annual travel credit, it's an option.
Plan your Hunt applications accordingly
Considering of Hunt'south 5/24 rule you won't be canonical for whatsoever Chase Ultimate Rewards point-earning cards if you lot've opened ~5+ cards from whatsoever bank (except certain business concern cards) in the past 24 months.
With that in listen, at that place are many non-Sapphire cards to choose from, including three small-business cards and ii personal cards.
Chase small-business organisation cards
We highly recommend a Hunt Ink Business carte because all three have fantastic sign-up bonuses later meeting minimum spending requirements:
- Ink Concern Preferred® Credit Card: Earn 100,000 Chase Ultimate Rewards points after you spend $xv,000 on purchases in the first three months of account opening
- Chase Ink Business Greenbacks Credit Carte du jour: Earn $750 bonus greenbacks dorsum after yous spend $7,500 on purchases in the first three months from account opening.
- Chase Ink Business Unlimited Credit Bill of fare: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from business relationship opening.
The Ink Business Cash and Ink Concern Unlimited have no annual fees. The Ink Business Preferred has a $95 annual fee, but comes with more card perks and a much bigger sign-up bonus.
These offers are by far the best way to keep adding to your Ultimate Rewards balance. While you exercise need a for-turn a profit small business to authorize, y'all don't need to make millions a year in revenue. In fact, you may already authorize and non even know it.
You'll desire to add together these cards to your wallet if you can, because their bonus offers are worth thousands of dollars in travel. Here'southward how to fill out a Chase small-business card awarding.
Other personal cards
The Chase Freedom® and Chase Freedom Unlimited® cards take the same sign-up bonus. You'll earn $200 (xx,000 Hunt Ultimate Rewards points) after you spend $500 on purchases in your first three months from business relationship opening. Both have no annual fee.
Which is best for you comes down to whether you want 5% cash back (5X points) on quarterly rotating categories with the Chase Liberty (up to $ane,500 each quarter you actuate) or 1.five% cash dorsum (i.5X points) on purchases with the Chase Freedom Unlimited.
Because these sign-up offers are much smaller than the small business card bonuses above, I'd consider them a backup rather than a main plan. That said, if these work meliorate for yous long term, become for it. Near everyone on the Million Mile Secrets team has one (or both!) of these cards.
The data for the Chase Freedom has been collected independently past Meg Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.
How to admission Chase's travel partners and improve travel rates
Chase Ultimate Rewards points are and so valuable because y'all can transfer them at a one:1 ratio to transfer partners like Hyatt, Southwest and United Airlines — but you demand to have a Chase Sapphire Reserve, Chase Sapphire Preferred, or Hunt Ink Business organization Preferred card to access them. And so, you tin can combine all your Chase points — including those you lot earn from no annual fee cards — and send them to transfer partners.
The points you earn are worth different rates toward travel booked through the Chase travel portal depending on which carte you take.
This is all handy to know before deciding which Chase Ultimate Rewards carte is best for your travel goals.
Bottom line
You accept to wait 48 months to earn some other sign-upwardly bonus on an additional Sapphire carte du jour, and a customer can non have more than than one Sapphire-branded credit carte du jour. For example, if you have a Sapphire Preferred card, you won't be eligible for a Sapphire Reserve card.
I recommend picking the Sapphire carte du jour you desire, then adding in a Chase Ink small business carte to earn loads of Chase Ultimate Rewards points. In particular, you lot tin can earn 100,000 Hunt Ultimate Rewards points with the Chase Ink Business Preferred after meeting minimum spending requirements.
After that, you can consider the Chase Freedom or Chase Freedom Unlimited to complete your drove. Remember, all of these cards are impacted by Chase's 5/24 rule.
You can even so product change (upgrade or downgrade) your Sapphire card after a year. You won't earn a bonus when you practice this, but it means you're non locked into your Sapphire card forever if you desire more than perks or a lower almanac fee.
That said, the Sapphire Preferred is the elevation card we recommend for beginners.
Editorial Note: We're the Million Mile Secrets squad. And we're proud of our content, opinions and analysis, and of our reader'due south comments. These haven't been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that'south just how we like information technology! :)
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