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The Chase Sapphire Preferred® Card is a perennial favorite for travel rewards lovers for a number of reasons, including more rewards on dining and travel, 1:1 point transfers to leading travel brands, a low annual fee, and more. Also, enjoy Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.
If you haven’t heard of the Sapphire Preferred, you’re probably new to travel credit cards. Don’t worry though, we can help guide you to see if the Chase Sapphire Preferred is worth it for you.
Maybe you’ve held the Chase Sapphire Preferred before in your wallet, but want to know if you can try for it again. Or, you might have the Chase Sapphire Reserve® or Ink Business Preferred® Credit Card and don’t know if you can try for the Preferred as well. This post will tell you how to try for the Chase Sapphire Preferred Card as we walk you through the entire application process.
60,000 Point Bonus: Chase Sapphire Preferred® Card
Try for the Chase Sapphire Preferred
Before you try for the Chase Sapphire Preferred, there’s one important stipulation to remember—the Chase 5/24 rule.
If you have been approved for at least five new credit cards in the past 24 months, either as a primary or secondary cardholder, Chase will most likely decline your application until your oldest application drops off your credit report.
This rule is how Chase keeps card application abuse to a minimum to discourage you from trying for a Chase credit card and canceling it immediately after you earn the sign-up bonus. Despite this restriction, Chase is still more lenient than some of the other credit card companies that only let you earn the sign-up bonus once in a lifetime, such as American Express.
Chase has begun enforcing a second rule that’s exclusive to the Sapphire card family. If you currently own any Sapphire credit card or owned one within the past 24 months, you do not qualify for the Sapphire Preferred sign-up bonus. You can still qualify for the bonus, but you must try at least two years after you cancel your Sapphire cards.
As a side note, the ideal Sapphire Preferred credit score for the Chase Sapphire Preferred is 720 or higher. We recommend waiting until your score is at least 700 to have the best chance of being approved.
Try for the Chase Sapphire Preferred: A Step-by-Step Guide
If Chase’s 5/24 rule doesn’t apply to you and you haven’t owned a Chase Sapphire product in the last 24 months, it’s time to try! Here’s how to try for the Chase Sapphire Preferred Card.
1. Click Chase Sapphire Preferred Application Link
The first step is to click an application link. This will begin the application process.
2. Submit Your Personal Information
Next, enter your personal information, including your name and mailing address.
3. Submit Your Financial Information
On the financial information screen, you will need to submit the following information for Chase to determine your credit limit:
- Types of Bank Accounts You Own
- Rent or Own Your Residence
- Gross Annual Income
- Source of Income
- Employer’s Name
To boost your approval chances, include as many income streams as possible. For the “Source of Income” drop-down menu, choose the option that’s your primary income stream. The primary source of income for most applicants will be employed or self-employed. However, there are eight different options to choose from.
4. Enter Your Security Information
The next step when you try for the Chase Sapphire Preferred is providing security information. Chase needs your personal security information to verify your identity and thwart identity thieves from trying for credit cards in your name.
You will need to provide:
- Primary phone number
- Email address
- Social Security Number
- Date of Birth
- Mother’s maiden name
After entering this information, Chase has everything they need to run a credit check and to make an application decision. On the next screen, you will have a final opportunity to review your application information and to add an authorized user.
5. Add an Authorized User
There are several actions you can take on the “Review” screen. The first and most important step is to add any authorized users to your account. You can add up to five authorized users.
6. Review the Pricing and Terms
Before you can submit your application, Chase requires you to review the E-Sign Disclosure and Pricing & Terms information that lists the current APR, annual fee, and any additional fees you might encounter if you make a partial payment, transfer a balance, or request a cash advance.
You will need to scroll to the bottom of both disclosure boxes to avoid receiving an error message when you certify your application in the next step.
7. Certify Your Application and Click Submit
Finally, it’s time to click the Certification Box that confirms you read and agree to all of the Certifications and Pricing & Terms listed on the current screen.
Once you click Submit, Chase will immediately begin working on your making an application decision and pull your credit report. It’s possible to receive an instant decision in less than one minute if you’re highly qualified.
Earn the Signup Bonus
New Chase Sapphire Preferred® Card cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $750 when redeemed through Chase Ultimate Rewards®. Member FDIC
Once you reach the spending requirement, Chase will credit the bonus points within six to eight weeks. As soon as they land in your account, you can begin transferring them on a 1:1 basis to the Chase Ultimate Rewards partners in 1,000-point increments or redeem them for award travel directly through Chase.
Summary of How to Apply for Chase Sapphire Preferred
You can try for the Chase Sapphire Preferred Card and receive a decision in less than five minutes. It’s really that easy. If Chase approves your application, you will own one of the most valuable travel rewards cards ever! But don’t try for the Chase Sapphire Preferred if you don’t meet the requirements, don’t have a good credit score, or cannot manage your payments.
60,000 Point Bonus: Chase Sapphire Preferred® Card