I highly recommend the Chase Sapphire Preferred\u00ae Card<\/a><\/span> (see rates and fees<\/a><\/span>) to a wide range of travelers. With solid earning rates<\/a><\/span>, excellent travel protections<\/a><\/span> and a lucrative welcome offer<\/a><\/span>, there’s plenty to like<\/a><\/span> about this mid-tier card.<\/p>\n Speaking of that welcome offer: New Sapphire Preferred<\/a><\/span> cardholders can earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. Using TPG’s June 2026 valuation<\/a><\/span> of Chase Ultimate Rewards<\/a><\/span> points at 2.05 cents apiece, this bonus is worth $2,050. That’s stellar value relative to the card’s $95 annual fee.<\/p>\n With such a high-value bonus on the line, you’ll want to be sure that you’re eligible to earn it.<\/p>\n Here’s what you need to know about Chase’s application rules<\/a><\/span> and eligibility requirements<\/a><\/span> for the Sapphire Preferred.<\/p>\n To be approved for and earn the bonus on the Sapphire Preferred<\/a><\/span>:<\/p>\n As with any Chase credit card, a top consideration should be the issuer’s 5\/24 rule<\/a><\/span>, which states that applicants who have opened five or more new credit cards in the past 24 months are likely to have their applications denied. An important note here is that Chase doesn’t typically include business cards<\/a><\/span> in its 5\/24 calculation.<\/p>\n Holding another Sapphire card, such as the premium Chase Sapphire Reserve\u00ae<\/a><\/span> (see rates and fees<\/a><\/span>), does not disqualify you from being approved for and earning the bonus on the Sapphire Preferred.<\/p>\n As long as you’re under 5\/24 and haven’t previously earned the welcome bonus on the Sapphire Preferred, you’re in a good position to qualify for the offer.<\/p>\n Reward your inbox with the TPG Daily newsletter<\/p>\n Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\nWho is eligible for the Chase Sapphire Preferred’s welcome bonus?<\/h2>\n
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