Does a Chase Sapphire Reserve Product Change Get You the 100,000 Point Sign-Up Bonus?

Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.

Million Mile Secrets reader SantoshPurohit tweeted:

If I product change the Chase Sapphire Preferred to the Chase Sapphire Reserve, can I earn the sign-up bonus if I cancel the Chase Sapphire Reserve and re-apply again when I am under 5/24?

Great question, Santosh!

It is possible to cancel and re-apply for the Sapphire Reserve to earn the sign-up bonus.  Because you will NOT be getting the sign-up bonus by completing a product change.

Chase Sapphire Reserve Product Change

The Sapphire Reserve 100,000 Point Sign-Up Bonus Is the Most Valuable Perk of the Card. Because You Can Earn Big Travel With Chase Travel Partners Like Hyatt!

I’ll explain Chase’s rules for earning a sign-up bonus.

Chase Sign-Up Bonus Eligibility

Link:   My Review of the Chase Sapphire Reserve

The terms and conditions for the Chase Sapphire Reserve card say:

This product is not available to either (i) current cardmembers of this credit card, or (ii) previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.

This language is similar to other Chase cards like the Sapphire Preferred card and Ink Plus small business cards.

The key point is when you product change to the Sapphire Reserve, you will NOT be eligible to receive the sign-up bonus.  Instead, you’d have to submit a new application.

Therefore, if you product change, then cancel and re-apply for the Sapphire Reserve at a later date, you will NOT be restricted by the 24 months language.  Because this will be your first time qualifying for the sign-up bonus.

But remember Chase could change the terms in the future to prevent folks from earning the sign-up bonus if they’ve had the card before.  So there’s no guarantee this will be possible forever.

Keep in mind, a product change with Chase is not automatic.  It depends on your account history and profile.

And you’ll need an eligible Chase Ultimate Rewards point card to complete a product change.  For example, you can’t product change from the Chase Hyatt card to the Sapphire Reserve.

Chase Sapphire Reserve Product Change

Although you can’t earn the sign-up bonus when you product change, you’ll still get the other terrific benefits of the Sapphire Reserve like:

You will also have to pay the card’s $450 annual fee after switching.

But earning the $300 annual travel credit and extra bonus points on travel & dining purchases could be reason enough for some folks to change cards.  You’ll earn my favorite transferable points, which can be used for Big Travel on terrific travel partners!

That said, I like the 100,000 point sign-up bonus, so a product change won’t do it for me!

Bottom Line

If you do a Chase Sapphire Reserve product change, you will NOT be eligible to earn the sign-up bonus.  To qualify, you’d have to submit a new application.  But some folks are waiting to apply because of Chase’s tougher application rules.

If you want to earn the benefits of the Sapphire Reserve like the $300 annual travel credit, you could do a Chase Sapphire Reserve product change.  

Remember it’s possible Chase can change the terms to restrict sign-up bonuses in the future.

Are you thinking about a product change to the Sapphire Reserve?

* If you liked this post, why don’t you join the 20,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

5 responses to “Does a Chase Sapphire Reserve Product Change Get You the 100,000 Point Sign-Up Bonus?

  1. Santoshpurohit

    I changed to CSR and would definitely take advantage of $600 for $450 AF . Then i had about 400K points which automatically value infalted to $1000 by UR Value 1.25 to 1.5 . I think i have a winning proposition . Next year i would cancel the card and reapply again .

  2. If you product change from Chase Freedom to Sapphire Reserve, the 5X carries over to the Sapphire Reserve until it expires. For example, if you activate the 5X for Dining/Restaurants then product change to Sapphire Reserve, you’ll get 8X points for restaurant purchases. Sam’s club and Costco are 5X for the rest of the year as well, just make sure to activate before product changing because you won’t be able to product change back for a while.

  3. @Santoshpurohit – That’s terrific! Product changing to increase the value of all your Chase Ultimate Rewards points definitely makes sense.

    @Ku – Thanks for sharing the tip!

  4. Changing to CSR to take advantage of $600 for $450 ($300 in 2016 and $300 in 2017) before cancelling is an interesting twist. However, I don’t see how you could then apply for a new CSR in 2017 and get another $300 in addition to the 100k sign-up bonus? I would think this would not sit well with Chase and would be very risky. Any thoughts?

  5. @Old Flyer – There’s no guarantee Chase would approve your application if you cancel and re-apply. But based on the current terms and conditions, you’re eligible to earn the sign-up bonus if you product change, then cancel, and re-apply later.

Leave a Reply

Your email address will not be published. Required fields are marked *