Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Bye-bye, easy 5K. As of Sept. 11, 2018, holders of the Chase Sapphire Preferred® Card will no longer be able to scoop up 5,000 bonus Chase Ultimate Rewards® points just by adding an authorized user and making a purchase in the first three months from account opening.
There's no charge to add an authorized user to a Chase Sapphire Preferred® Card account, so getting that authorized user bonus was as simple as making a request to add someone plus making a qualifying purchase of any amount. (You can still add authorized users to your Chase Sapphire Preferred® Card. You just can't get a bonus for doing so.)
When redeemed for travel booked through Chase, 5,000 points are worth $62.50. The loss of that opportunity probably won't dissuade many people from applying for the Chase Sapphire Preferred® Card, but it's worth noting that the change is consistent with an overall scale-back of benefits to Chase's Sapphire cards. Previous changes include:
The issuer implementing a "One Sapphire Card" rule in August 2017, which prevents consumers from applying for (and collecting sign-up bonuses on) more than one Sapphire-branded card.