For those who’ve been fascinated by making use of for the Chase Sapphire Most well-liked® Card (see charges and costs) — and even when you have not, you will need to hear this — now could be the perfect time to take action.
That is as a result of that is your final probability to earn a limited-time bonus of 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months of account opening, since this provide ends on Could 15 at 9 a.m. EDT.
TPG’s Could 2025 valuations peg Chase Final 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.
Final probability: Earn 100,000 bonus factors with the Chase Sapphire Most well-liked for a restricted time. This provide ends on Could 15.
Earlier than you apply, although, you must be sure to’re eligible for this provide. Here is a fast rundown of the eligibility necessities and restrictions for the Chase Sapphire Most well-liked welcome bonus.
Am I eligible for Chase Sapphire Most well-liked bonus?
That is what Chase states on its web site relating to Chase Sapphire Most well-liked bonus guidelines and eligibility:
The product will not be obtainable to both (i) present cardmembers of any Sapphire bank card, or (ii) earlier cardmembers of any Sapphire bank card who obtained a brand new cardmember bonus throughout the final 48 months.
That implies that you are within the clear to use for the cardboard and obtain the welcome bonus in case you’ve by no means held the Chase Sapphire Most well-liked or Chase Sapphire Reserve® (see charges and costs).
Nevertheless, issues get a bit of extra difficult in case you presently have the Sapphire Most well-liked or Reserve — or in case you’ve had one up to now.
Chase has a 48-month rule for purchasers to obtain new cardmember bonuses throughout the Chase Sapphire card household.
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So, in case you’ve earned a Chase Sapphire Most well-liked or Sapphire Reserve welcome bonus up to now 4 years, you are out of luck to earn this bonus. And needless to say the 48-month rule applies to while you obtained the bonus, not while you utilized for the cardboard.
Moreover, you’ll be able to solely have one Sapphire bank card open at a time. Meaning those that are present cardholders of the Chase Sapphire Most well-liked, Chase Sapphire Reserve or the no-annual-fee Chase Sapphire Card (not open to new purposes) can not apply for this card or obtain the bonus.
The knowledge for the Chase Sapphire has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Associated: What credit score rating do that you must get the Chase Sapphire Most well-liked card?
Chase’s 5/24 rule
One thing else to contemplate when fascinated by whether or not to use for the Sapphire Most well-liked is Chase’s 5/24 rule.
Even in case you meet the above necessities, Chase Sapphire Most well-liked bonus guidelines require you to nonetheless fall beneath Chase’s notorious — although unpublished — 5/24 rule.
For those who’ve opened 5 or extra new private bank card accounts (together with approved person accounts and a few enterprise accounts) throughout all issuers up to now two years, Chase is nearly actually going to disclaim your utility.
You possibly 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 within the final two years in case you get denied for a brand new Chase card; nevertheless, be aware that this does not imply you will get an computerized approval.
Associated: Tips on how to calculate your 5/24 standing
Shifting credit score strains
There’s one last be aware relating to Sapphire Most well-liked purposes. For those who presently have a number of Chase bank cards with massive credit score limits, there’s an opportunity you have hit the utmost (complete) sum of money that the issuer is keen to mortgage you.
If this occurs, you almost certainly will not be rejected for the cardboard while you apply. As a substitute, your utility will go into “pending” standing.
You may look forward to Chase to decide, however you could be higher off calling the reconsideration line. You may proactively provide to maneuver credit score strains from an present card to the Sapphire Most well-liked, which might help the agent push your utility by way of.
Backside line
For those who’ve had your eye on the Sapphire Reserve, you might apply for the Sapphire Most well-liked now to earn the upper welcome bonus. Then you might request to improve to the Sapphire Reserve after a 12 months to entry elevated journey perks.
To be taught extra, learn our full evaluation of the Chase Sapphire Most well-liked.
Apply right here: Chase Sapphire Most well-liked Card – 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months of account opening
