Abstract The polar precursor method is widely considered to be the most robust physically motivated method to predict the amplitude of an upcoming solar cycle. It uses indicators of the magnetic field concentrated near the poles around the sunspot minimum. Here, we present an extensive analysis of the performance of various such predictors, based on both observational data (Wilcox Solar Observatory (WSO) magnetograms, Mount Wilson Observatory polar faculae counts, and Pulkovo A(t) index) and outputs (polar cap magnetic flux and global dipole moment) of various existing flux transport dynamo models. We calculate Pearson correlation coefficients (r) of the predictors with the next cycle amplitude as a function of time measured from several solar cycle landmarks: setting r = 0.8 as a lower limit for acceptable predictions, we find that observations and models alike indicate that the earliest time when the polar predictor can be safely used is 4 yr after the polar field reversal. This is typically 2–3 yr before the solar minimum and about 7 yr before the predicted maximum, considerably extending the usual temporal scope of the polar precursor method. Reevaluating the predictors another 3 yr later, at the time of the solar minimum, further increases the correlation level to r ≳ 0.9. As an illustration of the result, we determine the predicted amplitude of Cycle 25 based on the value of the WSO polar field at the now official minimum date of 2019 December as 126 ± 3. A forecast based on the value in early 2017, 4 yr after the polar reversal would have only differed from this final prediction by 3.1 ± 14.7%.