Chase Sapphire How Long After Closing Account Get Bonus Points Again

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The Hunt Sapphire Preferred® Card became our top recommended credit card with an almanac fee nether $100 when it upped its welcome offer to an exceptionally proficient 100,000-point sign-upward bonus earlier this year. That'south right: After you spend $4,000 in your start iii months of account opening, you'll receive 100,000 Chase Ultimate Rewards points.

That bonus, according to Chase, is worth $1,250 when redeemed for travel.

But information technology won't be around forever. Card issuers change bonus offers oftentimes; the Preferred used to offer 80,000 points, and lx,000 earlier that.

That's still a sizable chunk of points, but with 100,000 of them — which are in addition to withal many you volition take earned by spending money with the menu — you tin score a lot of free flights and hotel nights, paying just taxes and fees.

If history is any indication, the time left to grab that elevated bonus may be running out.

"These types of offers often final 2 to four months," says Ted Rossman, senior manufacture annotator at Bankrate (which is owned by NextAdvisor'south parent visitor, Red Ventures). Because the 100,000-point bonus was launched in early on June, y'all might desire to apply for the menu before the end of September, if the Preferred aligns with your budget and lifestyle.

There's another clue that is leading Rossman to recollect September 30, or around that date, might be the day the heaven-high bonus ends.

"That's the day Pay Yourself Back is scheduled to expire, although it has been extended before," he says. Pay Yourself Back is a feature introduced concluding yr which lets cardholders redeem their Ultimate Rewards points for things other than travel. For example, you tin use them to erase from your argument grocery-store purchases — a recognition that, because of the pandemic, people weren't likely to travel.

And the first time Chase went with a 100,000-indicate bonus, five years ago? That likewise lasted nigh the same amount of time.

Dorsum in Baronial 2016, Chase launched the Chase Sapphire Reserve® carte du jour, also with a 100,000-point sign-upward bonus. It was "the largest type of initial bonus [I believe] the card industry had seen for a major card like that," Eric Compton, a senior equity analyst at Morningstar, says in an e-mail to NextAdvisor. "The demand was very high, and the bank stopped the bonus roughly four to v months afterwards."

Equally another data point, another card issuer went with a iv-month duration for an elevated bonus; the Capital One Venture Rewards Credit Card too introduced a 100,000-mile bonus this twelvemonth, which lasted from March to July 19.

A spokesperson for Chase says at that place is "no news to share on an end date but yet," but there'south another matter that may hint at an finish engagement soon: we know there are some changes coming to the carte, possibly in August. These reportedly include a hotel credit of upwardly to $50 per cardmember twelvemonth when booking through the Hunt travel portal, as well as earning 5 Ultimate rewards points per dollar when booking through at that place, instead of the electric current 2.

Pro Tip

The best use of 100,000 Ultimate Rewards points is to redeem them for travel, which will score you the highest value per point.

If the rumors are accurate, the 100,000-point offer may end as soon as August, according to Rossman.

"Reducing the bonus could also be a way for Chase to add new perks while reducing the sign-up bonus expense," Rossman says.

"We imagine the bank has sure sign-upward goals in mind, and once those goals are met and they feel they take taken enough share in this consumer segment, they'll likely end the bonus," is how Compton sums information technology up.

So if you feel the Chase Sapphire Preferred is the menu for you, and if it makes sense for your financial plans and current state of affairs, now is the time to apply.

"If you similar the card and are on the fence about applying," Rossman says, "I'd suggest jumping on it sooner rather than later on."

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Source: https://time.com/nextadvisor/credit-cards/chase/how-long-will-sapphire-preferred-100k-bonus-last/

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