KEY LINK: card_name – bonus_miles_full annual_feesIf you are considering getting the Chase Sapphire Preferred with its current welcome offer, you will want to make sure that you are eligible to get the bonus. There are a few conditions that you’ll have to meet in order to earn the welcome offer. There are few things worse than applying for a new card only to find out that you aren’t eligible for the bonus and you wasted that spending (and a hard pull) for nothing. So in this article, we’ll take a look at who is eligible for the bonus on the Chase Sapphire Preferred card.Who Is Eligible For The Chase Sapphire Preferred®I’ve had a few people reach out to me about the current Chase Sapphire Preferred welcome offer where you can bonus_miles_full. They have been wondering who is eligible for the offer, and this is what I have been telling them. There are basically three conditions that you’ll need to meet:Be under Chase 5/24 – though there have been reports that for the current offer that some people that are over 5/24 have been approved.Not be a current cardholder of any Chase Sapphire card – aka the Chase Sapphire Preferred or Chase Sapphire ReserveNot have received a new member bonus for any Sapphire card in the past 48 monthsI had someone reach out on the Points With a Crew Facebook group asking if she should downgrade her Sapphire Reserve to a Chase Freedom Unlimited before applying. I mentioned the current bonus criteria and indicated that she would need to either cancel her Sapphire Reserve or downgrade it to be eligible for the Sapphire Preferred offerChase Sapphire Preferred® Mini ReviewHere is the earning potential while using the card_name5x total points on travel purchased through Chase Ultimate Rewards®, excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit.2x on other travel purchases3x points on dining, including eligible delivery services, takeout and dining out.3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs).3x points on select streaming services.1x points on all other purchasesBesides primary car rental insurance, some of the other benefits that come with the card are:Earn up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate RewardsUnlock 1:1 point transfers to Chase’s hotel and airline travel partnersTrip Cancellation/Interruption InsuranceBaggage Delay InsuranceEarn 5x points on Lyft rides through March 31, 2025Complimentary access to DashPass$10 monthly statement credit from Gopuff.6 months of complimentary Instacart+ if you activate by July 31, 2024. Plus, Instacart+ members earn up to $15 in statement credits each quarter through July 2024No foreign transaction feesannual_feesIf you use the $50 hotel credit, that more than cuts the annual fee in half4 Reasons To Get The Chase Sapphire Preferred® CardI think there are 4 main reasons to consider getting the Chase Sapphire Preferred Card:An excellent welcome offer – You can bonus_miles_fullCombining Chase Ultimate Rewards points – possibly making your existing Ultimate Rewards points more valuablePrimary Car Rental Insurance – Chase’s rental car insurance saved my parents nearly $1000 when they ran into problems with their rental car.The flexibility of redeeming Ultimate Rewards points – either use them towards travel or transfer them to Chase’s hotel and airline travel partnersThe Bottom LineKEY LINK: card_name – bonus_miles_full annual_feesIf you’re eligible to get the welcome bonus on the Chase Sapphire Preferred, you should highly consider it. This is an outstanding offer. In order to be eligible for the bonus you must:Be under Chase 5/24Not be a current cardholder of any Chase Sapphire card – aka the Chase Sapphire Preferred or Chase Sapphire ReserveNot have received a new member bonus for any Sapphire card in the past 48 monthsIf you have any questions about this offer or want to talk over how it might work for you, please email me at dan at pointswithacrew dot com. I am more than happy to talk to anyone about this or any other offer and how it might work for you.Are you eligible for the Chase Sapphire Preferred with its current welcome offer? Leave a note in the comments.Points With a Crew has partnered with CardRatings for our coverage of credit card products. Points With a Crew and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. Other links on this page may also pay me a commission – as always, thanks for your support if you use them