Chase Sapphire Is Offering 75K Bonus Points. Here's How to Earn Them Faster

There's a special offer from two of the best travel credit cards that you should know about: Chase Bank is giving away 75,000 bonus points welcome bonus points as part of a new (limited-time) welcome offer for the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®. These are two of the top credit cards for anyone who wants to travel more while maximizing the value of their everyday spending.

But how can you get the 75,000 bonus points welcome bonus points? First: Don't panic -- you don't have to spend a bunch of "extra" money. The Chase Sapphire welcome offer requires you to spend at least $4,000 on your new card within 3 months of opening your account.

Let's look at a few ways to earn your Chase Sapphire bonus points faster -- and why it's easier than you might think.

How to get the Chase Sapphire welcome bonus

The first step to getting this welcome bonus is to apply for the card of your choice (terms apply). The Motley Fool Ascent's analysis found that people need to have good to excellent credit (FICO® Scores of at least 670) to qualify for the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®. And if you've already opened five or more credit cards within the past 24 months, Chase will likely deny your application; this is known as the Chase 5/24 rule.

If your credit score isn't as high as you'd like it to be, or if you struggle with budgeting and overspending, you might not want to apply for a travel rewards credit card. Other credit cards, secured credit cards, or credit building services might be a better fit for your current financial situation.

How much to spend to get 75,000 bonus points welcome bonus points from Chase Sapphire

Chase wants you to spend $4,000 within the first 3 months of opening your new credit card, which comes out to about $1,333 per month. Here are two strategies you can use to make sure you spend enough to get the 75,000 bonus points welcome bonus points.

"Big spender" strategy: Make a few big purchases

Do you have big purchases coming up soon that you've been planning? Are you getting ready to buy a new big-screen TV, appliance, furniture, or phone? Or maybe you're planning to pay for a big car repair or home improvement project. If so, put those big expenses on your newly opened Chase Sapphire card and rack up bonus points.

Here are a few examples of how quickly you could spend $4,000 in 3 months on just a few big-ticket items.

Just by buying five big-ticket items, you could easily spend more than $4,000 on your new Chase Sapphire card. (And the prices listed here don't include sales tax.)

"Everyday expense" strategy: Move spending to your new Chase card

What if you aren't planning to buy any big-ticket items? That's OK, too. Just use your new Chase Sapphire card to pay for monthly bills and other everyday expenses. You don't have to buy new stuff or spend extra cash to reach your $4,000 spending goal.

Here's how: Any monthly bills that are set up for automatic payments from your checking account should be switched to your new Chase Sapphire card. Most companies and utilities will let you pay by credit card instead of ACH or check. Even if there's a small processing fee for paying by credit card, do it for now -- it's worth getting those 75,000 bonus points. And of course use your new Chase Sapphire card to pay for groceries, gas, and other everyday expenses, too.

Here's a breakdown of how a typical household's monthly bills could quickly pay for $1,333 of spending per month on a new Chase Sapphire card ($4,000 in 3 months).

This hypothetical $2,120 of monthly spending might be different for every person, but hopefully the ballpark estimate is realistic. How much do you spend per month just on groceries and dining out? It's easy to imagine how you can quickly reach $4,000 of spending without buying anything big or new.

Bottom line

Chase doesn't care if you use your new credit card for monthly bills or a lavish new living room furniture set. Just make sure you spend enough on qualifying purchases (there are some limitations on what counts; for example, if you spend money on gambling, that doesn't count toward your $4,000 goal).

The quickest way to earn 75,000 bonus points from a new Chase Sapphire card is to be strategic with a few big-ticket purchases -- or shift your regular spending from your checking account to your new Chase travel credit card.