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

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

Million Mile SecretsDoes a Chase Sapphire Reserve Product Change Get You the 100,000 Point Sign-Up Bonus?Million Mile Secrets Team

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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?

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • 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

More Info

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@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.

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?

@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!

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.

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 .