Chase Sapphire Preferred’s 75,000‑Point Bonus: Who Can Qualify

New holders of the Chase Sapphire Preferred® Card can earn a 75,000‑point welcome bonus after spending $5,000 in the first three months. The bonus, worth roughly $1,538 at Chase’s 2.05‑cent valuation, offsets the card’s $95 annual fee. To qualify, applicants must be approved, must not currently own a Sapphire Preferred, and must not have earned its bonus before. Chase’s 5‑24 rule bars those who opened five or more new cards in the past 24 months, though business cards are excluded. Being an authorized user on someone else’s Sapphire Preferred does not preclude applying, and holding a Sapphire Reserve does not block the bonus. Credit quality still influences approval. Meeting these conditions lets travelers unlock domestic or aspirational trips with the bonus points.