You Can Earn These Credit Card Signup Bonuses More Than Once

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If you love earning airline miles, hotel points, and cash-back with rewards and travel credit cards, you probably already know how lucrative signup bonuses can be. If not, you should start paying more attention to the cards you sign up for and their unique introductory promotions. While the top cash-back and rewards cards typically offer 1-5 points for each dollar you spend on a daily basis, a signup bonus can boost your point haul at a much faster pace.

Let’s say you sign up for the Chase Sapphire Preferred® Card, for example. While this card offers one point per dollar spent on all purchases and double points on travel and dining, you can also earn 50,000 points in the form of a signup bonus after you spend $4,000 on your card within three months of account opening. That signup bonus is worth $500 in high value gift cards or statement credits, $625 in travel booked through the Chase portal, and potentially even more value in travel if you transfer your points to Chase Ultimate Rewards hotel or airline loyalty partners. With that signup bonus on the table, getting this card for your regular spending is almost a no-brainer.

Of course, other cards offer their own signup bonuses worth tens of thousands of points,  hundreds of dollars in rewards, free flights, and more. If you go after signup bonuses as part of a comprehensive rewards plan, you will rack up more points, miles, and cash back over time.

You Can Earn Some Credit Card Signup Bonuses More Than Once

Now, here’s something you may not know: It’s possible to earn the signup bonus on some rewards credit cards more than once. Each card issuer offers their own rules to govern the process, but you can rack up many of the same bonuses over and over again if you give it enough time.

double bonus repeate credit card signup bonuses

Photo: Thomas Hawk 

Keep in mind that we do not suggest “churning cards” or signing up for new offers just to earn the signup bonus. But if, on the other hand, you’ve had a card once in the past and you think you might be willing to try its benefits again, there are cards that will give you another shot. And, who knows? You may decide to keep your new card for the long run the second time around.

Here are some of the bonuses you can earn more than once – and those you can’t:

Chase Credit Cards

If you read the fine print on most Chase credit card applications, you’ll see the bank makes their rules on signup bonuses fairly clear. On the Chase Sapphire Preferred application, for example, you’ll see some variation of this wording:

“The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 24 months.”

This same 24-month rule applies to all Chase credit cards, including those co-branded with a frequent flyer program or hotel chain. You can earn a signup bonus on the same card more than once as long as you no longer have the card and it’s been 24 months since your last bonus posted to your account.

However, it’s important to keep in mind that Chase does limit the number of new Chase credit cards you can sign up for within each 24-month period. The Chase “5/24 rule” is an unspoken guideline that says you can only sign up for certain Chase credit cards if you haven’t had more than five new credit cards from any issuer over the last 24 months.

If you have a ton of new credit, you may want to steer clear of new applications until enough time has passed. If you’re fairly new to the rewards game or have opened fewer than five new cards over the last 24 months, Chase credit cards you may want to consider earning a repeat bonus on include:

Chase Sapphire Preferred®


Highlights
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

Chase Freedom®


Highlights
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Chase Freedom Unlimited®


Highlights
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

Barclays

While rules coming from Barclays bank are fairly vague, you can earn the signup bonus on at least some of their cards more than once.

On the application for the Barclaycard Arrival® Plus World Elite Mastercard®, for example, the fine print says, “you may not be eligible for this offer if you currently have or previously had an account with us in this Program.” However, it appears you can get approved for this card and earn the signup bonus more than once provided the bank doesn’t decide you’ve had too many new credit cards within the last 24 months.

If you’re in the market for a new signup bonus and it’s been a while since you had this card, consider trying it for a second time.

Capital One

Capital One lets consumers earn the signup bonus on their rewards credit cards for both individuals and businesses. However, they don’t hand out easy approvals like some of the other issuers.

Their wording is slightly vague on their credit card applications. For example, the application for the Capital One Venture card states: “The bonus may not be available for existing or previous account holders.”

If you haven’t signed up for too many new rewards cards in the past few years and feel you could get an approval a second time, rewards cards with signup bonuses you can earn again include:

Capital One® Venture® Rewards Credit Card


Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

Citi

Citi offers a wide range of rewards credit cards that fall within the American Airline AAdvantage and Citi ThankYou rewards program. Further, the card issuer does let you earn the signup bonus on their card offerings more than once — provided you follow certain rules.

With Citi cards, you can earn the signup bonus on a card provided you haven’t opened or closed a card within the same rewards program within the last 24 months. So, if you have one co-branded American Airlines credit card with Citi, you would need to close it and wait 24 months before you could earn the signup bonus on the same card or a different card within the same program. And the same is true for cards that fall within the Citi ThankYou rewards program, including the Citi Prestige.

American Express

Unfortunately, you can’t earn the signup bonus on your favorite American Express credit cards more than once. Why? Because American Express cards come with a “once per lifetime” rule that says you can earn each signup bonus once during your life.

This is a shame for sure — especially since you may find some of the cards more useful several years after trying them the first time. The good news is, American Express offers a ton of cash-back and travel cards you can try out and earn the signup bonus on over time.

The Bottom Line

If you’re someone who loves racking up tons of points and miles without much effort, it’s smart to pursue signup bonuses as part of a broader credit card rewards strategy. To make this work, however, you have to make sure you’re able to spend enough money on your card within the first few months. You also need to have the ability to pay your balance in full and avoid debt — no credit card reward or signup bonus is worth getting into high-interest debt.

If you follow the rules and use credit wisely, it’s possible to use credit cards and their generous signup bonuses to your advantage over and over again.

Holly Johnson is an award-winning personal finance writer and the author of Zero Down Your Debt. Johnson shares her obsession with frugality, budgeting, and travel at ClubThrifty.com. 

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