UPDATE: Read here about rumors that yet another Chase increased sign-up bonus is on the works giving UA flyers more opportunities to earn valuable miles.
Great news to all of you folks who aren’t already victims of Chase’s 5/24 rule! A 50k sign-up bonus offer is currently available to all, and a targeted of 70k is available for some from Chase. To find out whether you’re targeted for the 70k offer click here and log in with your MileagePlus account credentials. Ironically, I was targeted for the higher offer, but 1) I currently have this card open, and 2) I’m way over the 5/24 rule. Oh darn it!
So why would you want this card? Well, as it turns out, with this offer coming up we find ourselves in the single best EVER moment to earn United miles and those of you who are either beginners in the points and miles hobby or haven’t applied for more than 1 personal credit cards in the last 2 years have a unique opportunity. So if the stars align for you, this is what you’re looking at:
- Chase Sapphire Reserve –> 100k sign-up bonus offer + 4k minimum spend requirement (card launch offer available in-branch through 3/12/2017; $450 annual fee not waived) OFFER EXPIRED
- Chase Sapphire Preferred –> 50k sign-up bonus offer + 5k authorized user bonus + 4k minimum spend requirement ($95 annual fee waived first year)
- Chase MileagePlus Explorer –> 70k sign-up bonus offer + 5k authorized user bonus + 3k minimum spend requirement +$50 statement credit ($95 annual fee not waived) AVAILABLE THROUGH 6/26
- Chase MileagePlus Explorer Business –> 50k sign-up bonus offer + 3k minimum spend requirement ($95 annual fee waived first year)
This is potentially a whooping 294k United miles!!! There’s so much to do with that amount of miles… But this scenario is very unlikely for most. Here are some Chase restrictions and information to keep in mind while planning how to approach this ‘perfect storm’:
- All four cards are affected by the 5/24 rule
- Chase will match a higher current sign-up offer if you’ve been approved for any credit card within the last 90 days
- Inquiries for multiple personal credit card applications in the same day are combined into one
- Chase doesn’t have a limit of how many credit cards you can open with them
- You’re limited to being approved for two credit cards per month
As you can see, conditions really have to pan out in order for the 294k miles scenario. But even if it’s not all possible, think of how big a chunk from that 294k you can have. There is that date constraint for the Reserve’s 100k offer, so that would still be the priority, then the 70k offer. Be mindful that the 50k offer for the business card has been out for several months, and it usually is 30k. I suspect that sometime soon it’ll go back down to 30k. In other words, plan quickly and act fast! I’d probably try to stagger the applications – perhaps applying for 2 on month #1, and for the other 2 on month #3. This may increase the probability of you being approved for all four cards with the same bank and within such a small period of time.
Additionally, keep in mind the annual fees associated with each card and whether they’re waived on the first year or not. Also, carefully peruse the card benefits to know how to offset these annual fees and make sure that you can and know how you’ll meet the minimum spend for the cards you apply for. Find below screenshots with the personal targeted 70k bonus and the 50k bonus.
In conclusion, this is a great time to earn United miles that no one should miss. The 70k offer on the United MileagePlus card is a great one, but even the 50k will do the trick. However, you can do bigger and greater things by looking at the larger Chase scope. There’s so much value to get out of these cards…I’m definitely jealous of you all who will, but happy that I might see some of you far away from home sometime soon.