Chase Boosts Bonuses for Both Sapphire Cards (Limited Time) - NerdWallet (2024)

FAQs

Chase Boosts Bonuses for Both Sapphire Cards (Limited Time) - NerdWallet? ›

The Reserve has a $550 annual fee, while the Sapphire Preferred's is considerably less at $95. A 75,000-point bonus on either card is one of the best offers in a while. The last time the Chase Sapphire Reserve

You can earn 80,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening through 6 p.m. EST on November 30, 2022.

The rules vary from family to family, so be sure you understand the restrictions on each family before applying. For the Sapphire card, you can only have one version open at a time, and you can only earn the bonus on one every 48 months.

The Chase Sapphire Preferred® Card just launched its biggest welcome bonus ever, and one of the best bonuses we've ever seen on a credit card. If you sign up for the Chase Sapphire Preferred® Card now you'll earn 100,000 Chase Ultimate Rewards points after spending $4,000 in the first three months of card membership.

The “One Sapphire Rule” refers to Chase Sapphire card applications and approvals. You cannot apply and get approved for a Sapphire card if you currently have an open one.

As of June 4th, 2021, Chase is offering an unbelievable welcome bonus of 100,000 Ultimate Rewards points when you sign up for the Chase Sapphire Preferred card and spend $4,000 within the first three months of account opening.

Here's the TLDR: If you're already the primary account holder on a Sapphire card, whether it's the Preferred or its sister card the Chase Sapphire Reserve®, you are not eligible for the 60,000-point bonus. If you don't currently have a Sapphire card, make sure you haven't received a Sapphire welcome bonus before.

This is a relatively new Chase rule, but an important one: You cannot receive a Sapphire sign-up bonus if you've already received a bonus from either version (Preferred or Reserve) within previous 48 months. It's important to note it's 48 months or 4 years from the receipt of the statement with the bonus on it.

Chase introduced the 5/24 rule a few years ago to combat credit card churning and attract long-term customers. Simply put, you'll be automatically rejected for any Chase cards — including the Sapphire Preferred — if you've opened five or more cards in the last 24 months.

The 5/24 rule limits who can open a new Chase credit card, based on how many cards they have opened within the past two years. So, if you're looking to maximize travel rewards with the Chase Sapphire Reserve® or get out of debt with the Chase Slate®, you may need to calculate your 5/24 score before applying.

Is Chase Sapphire prestigious? ›

The Chase Sapphire Reserve® card is a prestigious credit card because it offers premium rewards and benefits, along with other generous perks. Chase Sapphire Reserve requires excellent credit and has a high annual fee of $550, but these features are common among high-end credit cards.

The Chase Sapphire Preferred Card requires an annual income of at least $30,000, according to user reports. Chase doesn't publicly disclose the Sapphire Preferred Card's income requirements, but you can apply for the card if you meet the credit score requirement, are at least 18 years old, and have an SSN or ITIN.

But you'll have to act fast as the offer will end by the end of the day on May 24, 2023. For a limited time, new Chase Sapphire Preferred® Card members can earn 80,000 bonus points after spending $4,000 on purchases in the first three months from account opening.

The Ancient Greeks associated Sapphire with the god Apollo. At the famous oracle at Delphi, Sapphires were often worn due to the belief that Sapphires are connected to the spirit world. Later on, Sapphires were popular with necromancers and witches, due to their supposed ability to tap into the 'third eye'.

Beauty, rarity and durability are the three factors that help define the value of a gemstone. With sapphire being the most durable coloured gemstone (9 on the MOH scale) this naturally is more valued than other gemstones and helps explain why is sapphire so expensive.

In terms of popularity and rarity, cornflower blue and royal blue sapphires are given the highest value. The most valuable sapphire is the very rare Padparadscha Sapphire in the colour combination orange-pink. In general one can say that lighter pastel colours are always cheaper than rare intensive sapphire colours.

The last time the Chase Sapphire Reserve® offered an elevated bonus was in October 2022, when the welcome offer was 80,000 points. The Preferred also had an 80,000-point bonus over a year ago in April 2023. If you've been considering getting either Sapphire card, now is as good a time as any.

The Chase Sapphire Preferred's increased welcome bonus gives you 80,000 bonus points after spending $4,000 on purchases within the first three months from account opening. This offer will end by the end of the day on May 24, 2023. At a minimum, 80,000 Chase points are worth $800 in cash back.

The 100k bonus was a limited-time promotion designed to plug the debut of Chase Sapphire Reserve, and that bonus has not been available since early 2017. When it was available, cardholders earned 100,000 reward points in return for spending $4,000 in the first three months after opening an account.

You are eligible for another Sapphire sign up bonus once every 48 months from your last Sapphire sign up bonus. This is why it is always recommended to get the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® as soon as possible so you start that 48 month clock.