Can you earn a credit card signup bonus multiple times?

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Depending on the card, you may be able to earn a signup bonus multiple times.

A signup bonus is often a credit card’s most valuable benefit. Several of the best signup bonuses are worth $ 500 or more, and all you need to do to qualify is hit minimum spend with the card. Considering how good these bonuses are, you might want to know if it is possible to get the same signup bonus multiple times on the same credit card.

With some credit cards, the answer is yes. There are, however, a few hurdles that make it difficult.

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Earn a signup bonus multiple times

Here’s the first hurdle to getting a signup bonus more than once: Credit card companies will almost never allow you to have the exact same card at the same time.

So if you still have the credit card, you can’t just apply for it again and get another copy. You should have either canceled the card or requested a product change, which means you exchanged the card for one offered by the card issuer.

This brings us to the second hurdle. Most credit card companies have rules in place regarding how often you can get signup bonuses with the same card. You can usually find these rules in the general conditions or on the card request page.

To make it easier for you, here are the signup bonus restrictions for multiple card issuers.

American Express

American Express cards have some of the strictest rules for welcome bonus offers. On the request page for each card, it is stated that the welcome offer is not available to anyone who has already had the card. You’re officially limited to a welcome card offer with American Express.

Exceptions to this lifetime restriction have been reported. Some consumers have been able to take advantage of multiple welcome offers with the same American Express card. However, they reapplied several years after closing their cards for the first time.

The great thing about American Express applications is that you find out ahead of time if you are eligible for the welcome offer. If not, a pop-up window will appear before submitting your application, telling you that you will not be eligible and asking if you still want to apply.

A capital letter

Unfortunately, Capital One does not have a firm rule stated. Capital One card terms state that bonuses may not be available to existing or previous account holders. You might get a bonus twice, or Capital One might decline it the second time. There is no way of knowing in advance what is going to happen.

chase away

You can get sign up bonuses multiple times with Chase credit cards. Bonus rules vary by card, and each Chase card’s page includes the rules for that specific card. You can find these rules either under the sign-up bonus or by clicking on “Offer details”.

Chase’s most common restriction on bonuses is that you cannot get a card’s signup bonus if you have already obtained it within the previous 24 months. You also cannot open a Chase card that you currently own.

Chase has different rules on some cards, which is why you should always review the terms of the card you want. Chase Sapphire cards, in particular, have much stricter rules. You cannot have more than one card in the Chase Sapphire row, which consists of the following cards:

You are also not eligible for a Chase Sapphire card bonus if you have already obtained a bonus from any Chase Sapphire card in the previous 48 months.

Citi

Citi allows you to get signup bonuses multiple times. As with Chase, the bonus rules depend on the card. Each Citi card page has the rules for that card in fine print below the sign-up bonus.

The rule for most Citi credit cards is that you are not eligible for a card sign up bonus if you have already received the card bonus. or closed this card in the last 24 months. This means that if you close your Citi card, it essentially resets the clock when you are eligible for the bonus again.

Citi is more restrictive with cards that earn Citi ThankYou points. The following cards are grouped together for bonus restrictions:

Let’s say you got a bonus or closed one of these cards in the past 24 months. You would not be eligible for a bonus with this same card or any of the other two cards on the list.

Not all Citi cards have the same rules. the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® is a notable exception. With this card, you are not eligible for the signup bonus if you have already received it within the past 48 months.

Getting a bonus multiple times is not easy

While it’s possible to earn signup bonuses multiple times with some cards, you probably shouldn’t make this a goal. Credit card companies have rules in place to prevent consumers from polluting bonus offers.

You will need to close or change product your first card. If it’s a credit card that you use regularly, getting rid of it doesn’t make a lot of sense. You will also have to wait until you are eligible for the bonus again, which will likely take two years or more.

However, you might find yourself in a situation where you closed or changed a card, but later decided that you would like to try it again. In this case, you should check the signup bonus rules for that card. If you can get the bonus a second time, that’s a good extra incentive to open the card.

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