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TPG reader David sent me a message on Facebook to ask about credit card sign-up bonuses:

“I was approved for the Sapphire Preferred card at a local branch a few weeks ago, and received it about a week later. I then received an invitation in the mail from Chase to apply for the same card with the same sign-up bonus. Should I go ahead and get a second card?”

Credit card sign-up bonuses are an easy way to rack up points and miles, with the top offers routinely netting rewards worth more than $500. Award travel would be even easier if you could earn the same bonuses over and over again, but unfortunately, many card issuers limit how often you can earn a bonus for a given card.

The Chase Sapphire Preferred Card just launched an increased sign-up bonus of 50,000 Ultimate Rewards points after you spend $4,000 in the first three months. However, as usual, the offer details state that the bonus is not available to current Sapphire Preferred cardholders or previous cardholders who earned a bonus for that card within the past 24 months. That means David would be ineligible to earn a second bonus, despite receiving a specific invitation to apply.

Card issuers frequently send out pre-approval notices or invitations to apply, but their algorithms may not register if you’re a new or existing cardholder. David was probably identified as a potential cardholder before he opened his current Sapphire Preferred account, and the marketing material was scheduled for mailing without considering whether he would be eligible.

While you won’t earn a second bonus, it’s worth sending Chase a message through the Secure Message Center online to see if you can have the new 50,000-point offer applied to your account. There’s no guarantee, but if you applied recently (in the last 90 days), your chances of getting matched to the higher bonus are good.

Some cards are more flexible about offering multiple bonuses. For example, the language in many business card applications doesn’t have the same exclusions, making it easier to earn a second (or third or fourth) sign-up bonus, especially if you operate multiple businesses. Even some personal cards (like the Alaska Airlines Visa Signature credit card) will let you have more than one account open at a time. Make sure to check the fine print of your card application if you’re unsure whether you’ll qualify.

If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card


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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
17.99% - 24.99% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.