Chase Sapphire Banking Bonus: Requirements and Rewards

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To earn the Chase Sapphire Banking bonus, you'll need to meet the requirements, which include having a Chase Sapphire Checking account and making a direct deposit of at least $2,000 within 30 days of opening the account.

The bonus reward is a $300 credit that's deposited into your account, which is a nice perk for meeting the requirements.

To qualify for the bonus, you'll need to have a Chase Sapphire Checking account and maintain a minimum balance of $15,000 in your account for 90 days, in addition to the direct deposit requirement.

The Chase Sapphire Banking bonus is a great incentive to open a new account and start earning rewards.

What is Chase Sapphire Banking Bonus?

The Chase Sapphire Banking Bonus is a rewards program designed to incentivize customers to use their Chase Sapphire credit card for everyday purchases.

It offers a 60,000-point bonus after spending $4,000 in the first three months.

This bonus can be redeemed for travel, cash back, or other rewards through the Chase Ultimate Rewards portal.

The bonus is in addition to the 3X points earned on travel and dining purchases, making it a great option for frequent travelers and foodies.

Broaden your view: Dbs Bank Rewards

Eligibility and Requirements

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To qualify for the Chase Sapphire Banking bonus, you'll need to meet some basic requirements. The offer is open to the public, and you can either be an existing Chase bank customer upgrading to the Sapphire Banking account or a new customer opening a Chase Sapphire banking account for the first time.

However, if you currently have a Sapphire Banking account or you're a Chase Private Client customer, you won't get the bonus. This is a pretty straightforward rule, and it's worth noting that you're not eligible for the bonus if you've gotten this specific bonus before in the last 12 months.

You'll also want to check if you're eligible for the welcome bonus on other Chase Sapphire cards. If you said "yes" to any of the following, you're not eligible for the Chase Sapphire Preferred card bonus: Do you currently have a Chase Sapphire Preferred or Chase Sapphire Reserve? Have you earned a sign-up bonus from any Chase Sapphire card in the past 48 months? Have you opened more than five personal cards within the past 24 months?

Enrollment Information

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To enroll in the Chase Sapphire Banking bonus, you can enter your email address on the promotion's landing page to get a coupon code that you can bring to a local branch.

There are two ways to enroll in the Chase Sapphire Banking bonus: you can either enter your email address and get a coupon code to bring to a local branch or apply directly online with the coupon code automatically connected to your application.

Banking Bonus Eligibility

To be eligible for the Chase Sapphire Banking bonus, you must be a new customer or an existing Chase bank customer upgrading to the Sapphire Banking account. You won't qualify if you already have a Sapphire Banking account or if you're a Chase Private Client customer.

You can enroll in the bonus through the promotion's landing page, where you can either enter your email address to receive a coupon code or apply directly online with the code automatically connected to your application.

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If you're not eligible for the Sapphire Banking bonus, you might be interested in other Chase checking and savings account bonuses. However, be aware that these bonuses don't count against the Sapphire Banking bonus.

If you're trying to earn a welcome bonus from a Chase Sapphire card, you'll need to check the eligibility criteria. Specifically, you won't qualify if you currently have a Chase Sapphire Preferred or Chase Sapphire Reserve, or if you've earned a sign-up bonus from any Chase Sapphire card in the past 48 months.

Here are the key eligibility criteria for the Chase Sapphire Preferred bonus:

  • You don't currently have a Chase Sapphire Preferred or Chase Sapphire Reserve
  • You haven't earned a sign-up bonus from any Chase Sapphire card in the past 48 months
  • You haven't opened more than five personal cards within the past 24 months

If you're not eligible for the Sapphire Preferred bonus, there are plenty of other generous credit card welcome bonuses out there. You can find the best credit card for you by reviewing offers in our credit card marketplace or getting personalized offers via CardMatch.

Who Should Get

If you're wondering who should get a certain type of loan or financial assistance, here's a general guideline to consider.

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People with a credit score of 620 or higher are more likely to qualify for a mortgage.

Individuals who have been with their current employer for at least two years are often eligible for a small business loan.

Those who have a debt-to-income ratio of 36% or less typically have an easier time getting approved for a personal loan.

Bonus Details

The Chase Sapphire Preferred Card offers a generous welcome bonus of 60,000 Ultimate Rewards points after spending $4,000 in the first three months from account opening.

You can redeem these points for a cashback value of $600, or transfer them to a partner airline frequent flyer or hotel program at a one-penny-per-point ratio. However, the actual value of your transferred Chase points may be more or less than 1:1, depending on how and when you use them.

To maximize the value of your points, consider booking travel through the Chase Travel portal, which offers a 25% higher value. This means you can redeem your 60,000 points for a travel value of $750.

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Additionally, you can earn up to $300 in statement credits on Chase Travel℠ purchases within your first year, making the total value of the welcome bonus worth up to $1,050.

Here are some key details about the welcome bonus:

  • 60,000 Ultimate Rewards points after spending $4,000 in the first three months
  • Cashback value: $600
  • Transfer value: one-penny-per-point ratio, but actual value may vary
  • Travel value: $750 through the Chase Travel portal
  • Statement credits: up to $300 on Chase Travel℠ purchases within the first year

Note that you may not be eligible for the welcome bonus if you currently have a Chase Sapphire Preferred or Chase Sapphire Reserve, or if you've earned a sign-up bonus from any Chase Sapphire card in the past 48 months.

Fees and Terms

The Chase Sapphire Banking account comes with some fees and terms to be aware of. The monthly fee is $25, which can be waived if you maintain a monthly average balance of $75,000 or more in your various Chase accounts.

You'll also need to consider the annual fee, which is $95. This is a relatively standard fee for a premium rewards credit card.

One benefit of the Chase Sapphire Banking account is that it doesn't charge a foreign transaction fee, making it an excellent option for international travel.

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Here are the key fees and terms to keep in mind:

  • Monthly fee: $25 (waivable with $75,000+ average balance)
  • Annual fee: $95
  • Foreign transaction fee: None
  • Interest rate: 20.49% - 27.49% variable APR for purchases and balance transfers, and 29.24% variable APR on cash advances
  • Sign-up bonus: Get up to $750 in Chase Travel℠ value, with a 60,000-point bonus after spending $4,000 in the first 3 months

Rewards

The Chase Sapphire Preferred card offers a generous rewards program that can help you earn cash back and travel perks. You can earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate, then 1%.

The card also offers 5% cash back on travel booked through Chase Travel℠, which can be a great way to earn rewards on your travel purchases. Additionally, you'll earn 3% on drugstore purchases and on dining, including takeout and eligible delivery services.

Here are the details on the rewards program:

The card's rewards program is designed to help you earn points that can be redeemed for travel, cash back, or other rewards. With the Chase Pay Yourself Back program, you can get 1.25 cents back per point when donating to certain charities.

Overall, the Chase Sapphire Preferred card offers a solid rewards program that can help you earn cash back and travel perks.

Here's an interesting read: Ultimate Rewards Chase Sapphire Reserve

Card Information

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The Chase Sapphire banking bonus offers a lot of benefits, but one of the most important is the card information you need to know.

To earn the bonus, you'll need to spend at least $4,000 in the first 3 months from account opening, which is a significant requirement.

The bonus itself is 60,000 Ultimate Rewards points, which is a great start to building your rewards balance.

These points can be redeemed for travel, cash back, or other rewards, making them highly valuable.

The Chase Sapphire Preferred card has a $95 annual fee, which is relatively low compared to other premium credit cards.

The card also offers 2X points on travel and dining purchases, making it a great choice for those who frequently dine out or travel.

Our Expert Take

The Chase Sapphire Preferred Card is a powerhouse for travelers, offering annual travel credits and comprehensive travel protections for a relatively low $95 annual fee.

This card is a Swiss-army knife of travel cards, providing solid benefits for frequent travelers from a trusted brand.

For more insights, see: Chase Sapphire No Fee

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You can earn points quickly, especially if you use the card for travel expenses, and there is no limit to the rewards points you can earn.

Chase points never expire as long as you have an open Chase card at the Ultimate Rewards tier, giving you the freedom to redeem them whenever you want.

The Chase Travel℠ program outperforms many of its competitors for ease of use and the value of its points, allowing you to transfer your Chase points to any of its 11 airline partners at a one-to-one rate.

You get 25% more value when you redeem points for airfare, hotels, car rentals, and cruises through the Chase Travel℠ portal, making your points go further.

For example, 10,000 points are worth $125 toward travel, a great return on your investment.

This card also allows you to accrue frequent flyer miles when booking air travel, increasing the overall value of your points.

Chase cards are highly rated for their travel perks, such as providing the best rental car insurance coverage, according to WalletHub.

Conclusion and Final Thoughts

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In conclusion, the Chase Sapphire Preferred Card is an excellent choice for those looking to start traveling using bonus rewards. You'll get at least $1,000 in travel at your disposal as soon as you earn the bonus.

The 80,000 Chase points that come with this card are a game-changer, making it the hands-down best way to start traveling using bonus rewards. This is a significant amount of points that can be redeemed for travel.

With the Chase Sapphire Preferred Card, you'll also get a $50 statement credit towards grocery store purchases, available for the first 12 months from account opening.

Ramiro Senger

Lead Writer

Ramiro Senger is a seasoned writer with a passion for delivering informative and engaging content to readers. With a keen interest in the world of finance, he has established himself as a trusted voice in the realm of mortgage loans and related topics. Ramiro's expertise spans a range of article categories, including mortgage loans and bad credit mortgage options.

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