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Chase extending time for new cardholders to meet sign-up bonus spend threshold

Chase is giving new customers an additional three months to meet spend requirements for a sign-up bonus

Summary

A sign-up bonus is an excellent opportunity to maximize a credit card’s value – but it’s easy to miss now that many consumers have adjusted their spending. Luckily for some Chase cardholders, the issuer is giving them more time to earn the bonus.

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As spending in multiple categories has fallen due to the economic consequences of the COVID-19 outbreak, many new cardholders may find it harder to meet spend requirements for a sign-up bonus on time.

Fortunately, credit card issuers take extra steps to accommodate consumers during these challenging times. For instance, in early April, American Express announced it was extending the period to earn a welcome bonus for new cardholders.

Following suit, Chase is now offering more time for new credit card customers to meet the spend threshold to earn their sign-up bonus. The bank will start notifying customers of the terms of this offer on April 14, 2020.

How will the extended offer work?

Chase is extending the time for cardmembers to earn their bonus by three months. The offer will be available to customers who opened an eligible account between Jan. 1, 2020, and March 31, 2020.

As you can see, normally the period to meet Chase’s sign-up bonus requirements is three months. With the new offer, cardholders will have a total of six months from their account opening date to earn their new account bonus.

Chase card introductory bonuses

CardIntroductory bonus
Chase Sapphire Preferred Card60,000 bonus points after you spend $4,000 on purchases in first 3 months
Chase Sapphire Reserve50,000 bonus points after you spend $4,000 in first 3 months
Chase Freedom*$200 after you spend $500 in first 3 months
Chase Freedom Unlimited$200 after you spend $500 in first 3 months
Southwest Rapid Rewards® Priority Credit Card40,000 bonus points after you spend $1,000 in first 3 months
Southwest Rapid Rewards Plus Credit Card40,000 bonus points after you spend $1,000 in first 3 months
Southwest Rapid Rewards Premier Credit Card40,000 bonus points after you spend $1,000 in first 3 months
United Explorer Card40,000 bonus miles after you spend $2,000 in first 3 months
Marriott Bonvoy Bold™ Credit Card30,000 bonus points after you spend $1,000 in first 3 months
Marriott Bonvoy Boundless™ Credit Card5 Free Nights after you spend $5,000 in first 3 months

According to Chase, there’s no action needed from the customer to activate the extension – it will be applied to their accounts automatically.

Should you take advantage of the new offer?

Getting a sign-up bonus is a unique opportunity to maximize your credit card’s value. If you’re a new Chase customer worried about not meeting the sign-up bonus requirements on time, the new offer may give you the chance you need.

On the other hand, hitting your bonus earlier will allow you to earn cash and those extra points quicker. While you might not be able to use the points on travel at the moment, with some Chase cards you can get a decent value redeeming points on other types of purchases.

See related: Best ways to use Chase Ultimate Rewards points

One way or another, earning an introductory bonus is essential to getting the most out of your credit card. With many credit card issuers taking measures to assist their customers during this time, we hope more will follow an example set by Amex and Chase and allow customers to earn the bonus – even if it might take them a little longer.

*Information about the Chase Freedom has been collected independently by CreditCards.com. The issuer did not provide the content, nor is it responsible for its accuracy. 

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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