This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Preferred Card

“Reader Questions” are answered twice a week by TPG Associate Editor Brendan Dorsey.

Credit card bonuses are probably the easiest way to earn points and miles. So TPG reader Justin wants to know if it ever makes sense to wait for an increased offer

Does Chase ever offer a higher sign-up bonus than the current 50,000 points on the Sapphire cards?

TPG Reader Justin

When the Chase Sapphire Reserve first launched in 2016, it offered a 100,000-point sign-up bonus after $4,000 in spend. But that offer only lasted a few months — the Sapphire Reserve now comes with a 50,000-point bonus after the same $4,000 spend in three months. Interestingly, the Chase Sapphire Preferred Card has the exact same bonus — 50,000 points for spending $4,000 in the first three months as a cardholder.

People often ask whether we expect to see the CSR bonus go back up to 100,000 points. While we don’t have any inside information on that question, the fact is we haven’t seen a higher offer for the Sapphire Reserve since it was lowered to 50,000 points in early 2017. The Chase Sapphire Preferred public bonus has also stayed at 50,000 points for the last few years, although we’ve seen some targeted and in-branch offers for 60,000 to 80,000 points, albeit with higher minimum spends.

Again, we don’t have any specific info from Chase on the likelihood of the CSP bonus going up or down in the near future, but it’s always great when you can maximize sign-up bonuses and get them when they’re at their all-time highs. But does it make sense to wait around for an increased offer? Here are some pros and cons of waiting for a larger sign-up bonus…

Pros:

  • More points: This one is pretty simple — you’ll have more points in your account at the end of the day with a higher bonus.
  • Limitations: American Express has a once in a lifetime welcome offer rule, so it might make sense to wait for the highest possible offer.
  • Ease: When you get a bigger bonus, it often means you’re getting more points for the same amount of work and spend (though sometimes bigger bonuses come with higher spending requirements).

Cons:

  • Opportunity cost: There’s an opportunity cost by not signing up for a card now. It might be two years before the card gets an increased bonus, and in that time, you could have been earning valuable points from actual spend — maybe even enough to make up the difference between the two different sign-up bonuses. Cards like the Sapphire Reserve and Sapphire Preferred make it incredibly easy to rack up points from spend with their generous travel and dining bonus categories.
  • The increased bonus never comes: It’s always possible that an increased bonus never appears. The banks up their offers to entice more customers to join, so if they’re already getting enough business from their normal bonuses, then they don’t have much of a reason to shell out extra points (which cost banks real cash) to acquire more customers.
  • Chase’s 5/24 rule: The issuer’s infamous 5/24 rule says in order to be eligible for many of its cards, you can’t have opened five or more personal credit cards across all banks in the last 24 months. That means if you’re going to wait for an increased bonus on a card that falls under the 5/24 rule (like the CSP), you’re also going to have to hold off on signing up for a lot of other credit cards to be sure you don’t go over 5 cards in 24 months. That’s a lot of extra points you could be leaving on the table.
  • You want those points now: You earn points for a reason — so you can use them! The longer you don’t have those points, the more you’re using cash.
  • Devaluations: In the long-term, most points and mileage programs are devalued and redemptions can cost significantly more than they once did. If you wait around for that bigger bonus, it might not even be worth it because the program was devalued along the way.

As always, you should weigh the pros and cons for yourself — each individual’s personal situation will vary. It could make sense to wait if there are other points or miles you need first, so chase after those and trust me, other enticing offers will surely pop up along the way. You can find many of the top offers on our best travel rewards credit cards page, all of which factor in the value of the sign-up bonus. It’s a great resource to consult when you’re trying to figure out what card to apply for next.

Thanks for the question, Justin, and if you’re a TPG reader who’d like us to answer a question of your own, tweet us at @thepointsguy, message us on Facebook or email us at info@thepointsguy.com.

Know before you go.

News and deals straight to your inbox every day.

The Business Platinum® Card from American Express

Aside from the 75,000 points welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$595
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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.