This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Disclosure, visit this page.
Q: Can you apply for the Chase Sapphire Preferred again?
A: Yes, but it depends.
I have received many emails from readers asking if they could apply for the Chase Sapphire Preferred® Card again if they’ve already held the card.
If you remember back a couple of months ago when there was a limited time offer for the United℠ Explorer Card, many peeps were asking the same question because the terms and conditions had a new tweak that stated:
“This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.”
And now, you will find this terminology on the landing page under “offer details” for the Chase Sapphire Preferred® Card. This is good news for consumers who previously held the card and would like to apply for it again. For example, I had the Sapphire Preferred a few years ago, but downgraded to a no-fee card because that best fit my needs at the time. However, it’s been over 24 months since I last received a bonus on the Sapphire Preferred, so I would be eligible for the card and bonus again. Score.
If you’ve read the blog before, then you know that the Chase Sapphire Preferred is one of the best personal rewards credit cards out there (I think it’s the best). It comes with a sign-up bonus of 60,000 bonus points when you spend $4,000 on purchases in the first 3 months.
Other perks of the card include no foreign transaction fees, chip & sign technology, 2x points per $1 on dining and travel purchases, trip cancellation insurance, and primary car insurance.
- New Chase Sapphire Preferred Benefits
- Chase Sapphire Preferred or United Explorer
- How to Transfer/Combine Ultimate Rewards Points
Q: What is a mattress run?
A: Paying for a hotel room with the purpose of earning elite status credits, points, or maximizing a promotion.
A common term in the rewards or business travel space is “mattress run.” Basically, a mattress run is when you book a hotel for the sole purpose of earning elite credits or points. Many times, you might not even stay at the hotel. It sounds crazy, but mattress runs can definitely be worth it.
For example, a couple of years ago, Club Carlson ran a big night giveaway where you could earn 44,000 or 50,000 points (depending on the property) for staying one night at their hotels. So I found the cheapest Club Carlson hotels I could and booked my nights there. I ended up paying a little over $200 for over 100,000 points. On top of the promotional points, I earned my standard points for paying for my stay.
I then used my 100,000 points for bookings at the Le Metropolitan in Paris and the Radisson Blu in Dublin, Ireland. It was a great value! Now that I’m thinking about it, I actually still have some points leftover from that promotion.
Another example of mattress running is when I pass through Las Vegas and book the Excalibur hotel for $30 so I can earn a cheap elite stay credit for Hyatt. It takes 25 stays or 50 nights a year to maintain my Hyatt Diamond status, so if I’m a couple stays short, I will find a very cheap Hyatt property to help me. I get a lot of value out of my Hyatt status, like free breakfast, suite upgrades, free wifi, priority check-in, and late checkout, so it’s worth it.
Sometimes, it’s even possible to stack promotions. For example, Hyatt has its fall promotion, app booking promotion, and Las Vegas promotion all going on right now. And add to that the Diamond Challenge and the points can add up fast. It’s important to note that all promotions won’t be stackable. For example, you don’t earn an “elite stay” credit for Las Vegas MGM properties during the Diamond Challenge.
It’s important to do the math when thinking about doing a mattress run. It doesn’t always make sense for the infrequent traveler. Unless you’re going for status, you most likely won’t be doing one unless there’s a lucrative hotel promotion going on.
I hope this helps, and don’t hesitate to reach out if you ever have any questions!
Chase Sapphire Preferred® Card
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
- 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.