Can I Get the Chase Sapphire Preferred Sign-Up Bonus Twice?
Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Preferred Card
TPG reader AnneMarie messaged me on Facebook to ask:
"Are you allowed to get the Chase Sapphire Preferred sign up bonus more than once? Is there a certain time that you can wait between cards to get the bonus more than once?"
The Chase Sapphire Preferred card has been one of my go-to travel cards for years. The rewards are pretty generous, as you earn two Ultimate Rewards points per dollar on all travel and dining. The travel category includes everything from airfare to subways, and even tolls and parking. There are also 11 amazing travel partners that you can get huge value from if you know how to maximize them.
Chase offers a nice sign-up bonus for the card (currently 40,000 points after you spend $4,000 in the first 3 months), and the million dollar question is: can you get the sign-up bonus twice? Fortunately, Chase spells out the answer to thsi question very clearly. According to the application page for the Sapphire Preferred, "new card member offer is not available to: current card members of this consumer credit card or previous card members of this consumer card who received a new card member bonus within the last 24 months."
So, if you don't currently have the card open and you haven't received a bonus for Sapphire Preferred in the last 24 months, you're eligible to apply and receive the bonus again, as per Chase's rules. If anyone has gotten the bonus more than once, please feel free to comment below and share your experience.