Today I was able to confirm my second sign up bonus on the same Chase credit card. Specifically, I earned 50,000 Southwest Rapid Rewards on the Chase Southwest Premier Rapid Rewards credit card ($99 fee version) by signing up for this same exact card again.
Traditionally, Chase only allowed one sign up bonus per credit card product per person. However, the terms and conditions have changed and now they say:
This bonus offer is available to you as long as you have not received a new cardmember bonus for this product in the past 24 months.
I basically interpret these terms as you can get a sign up bonus again after 2 years from earning your first sign up bonus. I first signed up for the Chase Southwest Premier Rapid Rewards credit card back in July 2011! I recently signed up for this same credit card again on 8/19/2014. That is over 3 years since I first signed up for the card. I did not record exactly when I received the bonus, but it is safe to say I reached the bonus 3 months after. Therefore, I probably could have signed up for the same card again in October 2013 if these terms were effective.
I was still a bit skeptical whether or not Chase would offer me the sign up bonus again for the same exact card. I finally logged into my account and saw the following balance:
Awesome! I had earned the bonus again for the same exact credit card! Now that I know that these terms hold true I will make sure I record the date I earned the bonus, so I can sign up for the same card 2 years later! This is traditional credit card churning, signing up for a credit card, canceling, and reapplying to get the same bonus.
Here are some other Chase Credit Cards that I plan on signing up again for the 2nd time.
- Chase Sapphire Preferred – Applied on 9/22/2011
- Chase Freedom – Applied on 11/24/2011
- Chase Marriott – Applied on 12/21/2011
- Chase Hyatt – Applied on 5/02/2012
I currently have the downgraded CSP card, Chase Sapphire so I’m wondering if I need to cancel that first. Also, I currently hold the Chase Freedom and Chase Hyatt credit card. I’m thinking should I cancel these cards and then reapply right away? Would there be a cool down period to wait before reapplying? My strategy with credit cards is always to call the retention line and ask for a retention bonus. However, would canceling and reapplying be a better strategy? I may have to reconsider my strategy.
Note: The Chase Southwest Premier Credit Card link is the best offer for this credit card at the moment. I may earn 5,000 Rapid Rewards if you are approved, thank you very much if you choose to use my link!