Chase gives new cardholders 3 more months to earn welcome bonus amid coronavirus

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Chase gives new cardholders 3 more months to earn welcome bonus amid coronavirus
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Chase is lengthening its welcome bonus period by 3 months. Here's who qualifies and how to use this extension to your advantage.

, such as the Sapphire cards give you 25% or 50% more value when you book through the Chase Ultimate Rewards® portal . This perk gives you added incentive to hold onto your bonus and maximize the value of your rewards when it's safer to travel.

If you're unable to meet the spending requirements right now, even with the extended time period — it's OK. Spending more than you can budget to pay off will usually negate the value you get from any credit card bonus since credit card are so high. If you're in this situation, it's better to forgo your bonus than risk falling into debt.Information about the Chase Freedom® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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