Chase Sapphire Preferred 75,000-Point Bonus: Eligibility Rules to Know Before Applying

The Chase Sapphire Preferred Card is offering a substantial welcome bonus of 75,000 points, but not everyone can qualify. Before applying, it's essential to understand Chase's eligibility requirements, particularly the 5/24 rule, which typically denies approval if you've opened five or more personal credit cards across all banks in the past 24 months. Additionally, you may not be eligible if you currently hold a Sapphire card or have received a Sapphire bonus in the last 48 months. These rules are designed to limit bonus abuse and ensure the offer goes to new customers. Missing these details could lead to a hard credit inquiry and a rejection, temporarily affecting your credit score. Checking your own card history and credit report first can save time and protect your credit. For frequent travelers, this bonus could be worth over $900 in travel when redeemed through Chase, making it one of the most valuable offers on the market. Understand the fine print before you apply.