How Long Do I Have to Wait to Apply for Chase Preffered Again

Guide to Chase Sapphire rules and restrictions

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Ii of the best Chase credit cards are the Chase Sapphire Preferred® Card and Hunt Sapphire Reserve® cards. The Sapphire Preferred is the best for beginners, with the Sapphire Reserve being the best for travelers, especially those looking for premium perks.

Before y'all make up one's mind betwixt which bill of fare is all-time for you, yous need to exist aware of Hunt'due south credit carte rules — particularly those surrounding the Sapphire-branded cards. But with a little planning, there's no reason to worry about running out of those ever-popular Chase Ultimate Rewards points.

Chase Ultimate Rewards points are some of the near popular flexible rewards points available. (Photo by ARTYOORAN/Shutterstock)

Hunt Sapphire rules

Many of y'all in the miles and points hobby are aware of the Chase 5/24 dominion, wherein Chase will not corroborate y'all for near of their cards if y'all've opened five or more cards from any bank (non counting certain business credit cards) in the past 24 months. But there are additional Chase rules to be aware of.

You lot have to wait 48 months after earning the sign-upward bonus on one Chase Sapphire carte before you can earn it again on some other. The waiting period starts when you receivethe bonus — non when you're approved, activate the carte or striking a cardmember anniversary. So if you open a Sapphire carte du jour in say, May, only receive your bonus points in Baronial – then that mean solar day in August is when the 48-month waiting period volition brainstorm. And so you could potentially have to wait 50+ months between card approvals.

Plus, you tin not have more than one Sapphire-branded credit carte at a fourth dimension.

What does this hateful for you?

Basically, it ways yous should pick one of the two Sapphire cards — the Hunt Sapphire Preferred or the Chase Sapphire Reserve.

With the Sapphire Preferred, you'll earn threescore,000 bonus points after you spend $4,000 in the first iii months from account opening. With the Sapphire Reserve, you'll earn fifty,000 bonus points after you spend $4,000 in the first three months from account opening.

Hither's an in-depth comparison of the Chase Sapphire Preferred and Sapphire Reserve.

Retrieve, you can e'er upgrade or downgrade either card after keeping it for a year. You won't earn another bonus when you do this, but if you lot decide you want a lower annual fee, or more perks similar the Sapphire Reserve'southward $300 annual travel credit, information technology'southward an option.

Plan your Chase applications accordingly

Because of Chase's 5/24 rule you lot won't exist approved for any Hunt Ultimate Rewards indicate-earning cards if you've opened ~five+ cards from any banking company (except certain business organisation cards) in the past 24 months.

With that in mind, there are many non-Sapphire cards to choose from, including three minor-concern cards and two personal cards.

Hunt small-business cards

Nosotros highly recommend a Hunt Ink Business organization menu because all iii have fantastic sign-up bonuses after coming together minimum spending requirements:

• Ink Concern Preferred® Credit Card:  Earn 100,000 Hunt Ultimate Rewards points later you spend $15,000 on purchases in the starting time three months of account opening
• Chase Ink Business organization Cash Credit Card:  Earn $750 bonus cash back after you lot spend $vii,500 on purchases in the first three months from account opening.
• Hunt Ink Business Unlimited Credit Card:  Earn $750 bonus greenbacks back after y'all spend $7,500 on purchases in the first 3 months from account opening.

The Ink Concern Cash and Ink Business Unlimited have no annual fees.  The Ink Business organisation Preferred has a $95 annual fee, only comes with more card perks and a much bigger sign-up bonus.

These offers are by far the best way to keep adding to your Ultimate Rewards balance. While yous practise need a for-profit small business to qualify, y'all don't need to make millions a year in revenue. In fact, you may already authorize and not even know it.

You lot'll want to add together these cards to your wallet if you tin can, because their bonus offers are worth thousands of dollars in travel. Here'south how to fill out a Chase pocket-size-business card awarding.

Other personal cards

The Chase Liberty® and Chase Freedom Unlimited® cards accept the same sign-up bonus. You'll earn $200 (twenty,000 Hunt Ultimate Rewards points) afterward you spend $500 on purchases in your first three months from business relationship opening. Both have no annual fee.

Which is best for you lot comes down to whether you desire 5% greenbacks back (5X points) on quarterly rotating categories with the Chase Liberty (up to $1,500 each quarter yous activate) or 1.5% cash dorsum (1.5X points) on purchases with the Chase Freedom Unlimited.

Considering these sign-upwardly offers are much smaller than the modest business menu bonuses above, I'd consider them a backup rather than a main plan.  That said, if these work ameliorate for you long term, go for information technology. Nearly everyone on the 1000000 Mile Secrets squad has one (or both!) of these cards.

The information for the Chase Freedom has been collected independently by Million Mile Secrets. The bill of fare details on this page accept not been reviewed or provided by the bill of fare issuer.

How to access Chase'southward travel partners and better travel rates

Chase Ultimate Rewards points are so valuable because yous tin transfer them at a 1:1 ratio to transfer partners similar Hyatt, Southwest and United Airlines — but you lot demand to have a Chase Sapphire Reserve, Chase Sapphire Preferred, or Hunt Ink Business Preferred card to access them.  And then, you can combine all your Hunt points — including those yous earn from no annual fee cards — and send them to transfer partners.

The points you earn are worth different rates toward travel booked through the Hunt travel portal depending on which bill of fare yous have.

This is all handy to know before deciding which Chase Ultimate Rewards card is best for your travel goals.

Bottom line

You have to await 48 months to earn another sign-upward bonus on an boosted Sapphire carte du jour, and a customer can not have more than one Sapphire-branded credit card. For example, if yous have a Sapphire Preferred card, you lot won't be eligible for a Sapphire Reserve card.

I recommend picking the Sapphire carte you want, then calculation in a Hunt Ink small business carte du jour to earn loads of Chase Ultimate Rewards points. In detail, you lot tin earn 100,000 Chase Ultimate Rewards points with the Chase Ink Business Preferred after meeting minimum spending requirements.

Subsequently that, you tin consider the Chase Freedom or Chase Freedom Unlimited to complete your drove. Remember, all of these cards are impacted past Hunt'south five/24 rule.

You tin withal product alter (upgrade or downgrade) your Sapphire menu later a yr. Y'all won't earn a bonus when yous do this, simply it means you're not locked into your Sapphire carte forever if yous want more perks or a lower annual fee.

That said, the Sapphire Preferred is the top carte we recommend for beginners.

Chase Sapphire Preferred® Menu

• Earn 60,000 bonus points after you spend $4,000 on purchases in the kickoff 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

• Enjoy benefits such equally a $l almanac Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.

• Become 25% more value when you redeem for airfare, hotels, motorcar rentals and cruises through Hunt Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.

• With Pay Yourself Back℠, your points are worth 25% more during the electric current offer when you redeem them for statement credits against existing purchases in select, rotating categories.

• Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one twelvemonth with DashPass, DoorDash's subscription service. Actuate by 03/31/22.

• Count on Trip Cancellation/Break Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

Intro Apr on purchases

N/A

Regular April

15.99%-22.99% Variable

Balance Transfer Fee

Either $v or 5% of the amount of each transfer, whichever is greater.

Rates & Fees

Annual Fee $95

Other

Credit Needed Excellent / Good

Issuer Chase

Menu Blazon Visa

Meghan Hunter is an editor for Million Mile Secrets. She covers points, miles, credit cards, airlines, hotels and general travel. Her work has besides appeared in The Points Guy.

Editorial Note: We're the One thousand thousand Mile Secrets squad. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven't been reviewed, approved or endorsed past any of the airlines, hotels, or credit carte du jour issuers which we often write about. And that's simply how we like information technology! :)

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