Reader Question: “I Want to Get Another Chase Sapphire Card – What Rules Should I Be Aware Of?”

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Reader Question:  “I Want to Get Another Chase Sapphire Card – What Rules Should I Be Aware Of?”

Million Mile SecretsReader Question:  “I Want to Get Another Chase Sapphire Card – What Rules Should I Be Aware Of?”Million Mile Secrets Team

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The Chase Sapphire cards have long been some of our favorites because of the flexibility of Chase Ultimate Rewards points.  Given their popularity, we receive lots of questions about just how often you can earn the bonuses!

The good news, Chase is one of a few banks that lets you earn a sign-up bonus more than once.  But the rules are a bit stricter for their Sapphire cards.

Chase Sapphire Application Rules
Because Chase Offers Some of the BEST Rewards Cards Out There, We Get Lots of Questions Surrounding Their Application and Approval Rules!

Million Mile Secrets reader John asked:

I used to have the Chase Sapphire Reserve, then switched back to the Chase Sapphire Preferred Card.  If I wait 24 months since I closed the Sapphire Reserve, can I apply for the Reserve and get the welcome bonus again?

Thanks for the question, John!

Chase Application Rules

Besides the usual criteria such as your credit score and a few other factors, Chase has other policies that affect not only whether they will approve you, but whether you’re eligible for a welcome bonus.

In John’s case, he is looking to earn the sign-up bonus from the Chase Sapphire Reserve.  Let’s go over 2 Chase rule’s he’ll need to be aware of.

1.   Chase’s Sapphire Card Policy

Last year, Chase implemented new rules for their Sapphire cards.  Now, you can only have one Chase Sapphire card version at a time.  So as long as you cancel (or downgrade!) any Sapphire cards you have, you’ll be able to apply for a different Chase Sapphire card.

BUT you will NOT be able to earn the sign-up bonus on ANY version of the Sapphire card if you’ve earned a welcome bonus from a Sapphire card in the past 24 months.

Chase Sapphire Application Rules
Be Sure That You Understand All of Chase’s Application Rules Before You Apply for a Card

2.   Chase 5/24 Rule

You will NOT be approved for most Chase cards if you have opened 5 or more credit cards from any bank in the past 24 months!  But Chase business cards and business cards from these banks won’t count.  Because they don’t appear on your personal credit report.

Also, if you’re an authorized user on someone else’s account, that WILL count toward your “5/24” limit.  Although some folks have had success in calling and getting Chase to ignore authorized user cards.

So, John will need to make sure he’s under the Chase “5/24” rule before applying for the Chase Sapphire Reserve card.  Here is how he can check his 5/24 status.

Bottom Line

You will NOT be approved for a new Chase Sapphire Reserve or Chase Sapphire Preferred card if you have any Sapphire card.

And you won’t be eligible for the sign-up bonus on a Sapphire card if you’ve earned the intro bonus on any version of the Sapphire card within the past 24 months.  Plus, all versions of the Sapphire card are affected by the Chase “5/24” rule!

So before applying for any Chase card, you need to be sure you qualify and are eligible to earn the sign-up bonus.

Thanks again for the question, John!

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Chase Sapphire Reserve®

Chase Sapphire Reserve®

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Does anyone know: If I have a CSR for over 24 months, close it and reopen same card after 30 days, would it qualify to earn the bonus miles again?

I’d think there’d be quite some risk in closing down a CSR or CSP to apply for the other if you have plans to transfer points to one of the UR partners. If you don’t have Ink Preferred and then don’t get approved, you’re out of luck as far as transferring points.

That’s a really good point. If you end up with a bunch of Chase points you can’t transfer that could kill your travel plans!

Recently, I tried to upgrade my Sapphire Preferred (3 yr old card) to Reserve. I was told that there wont be any bonus. So I asked what are rules to get a Reserve, I was told that I could close my Preferred and apply a Reserve, but there is a 30 day wait period (after closing Preferred) to apply. And of course I needed to be under 5/24 and eligible for other credit factors.

Sriram, looks like you got the correct information from the Chase representative.