Even Tighter Chase Bonus Restrictions Mean You Need a New Plan NOW – My Application Tips

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

If you like to collect Chase Ultimate Rewards points, you need to have a solid plan so you don’t miss out on the best offers in light of new rules!

We recently let you know about harsher bonus restrictions with Chase Sapphire cards.  Now, you must wait 48 months between earning sign-up offers on both the Chase Sapphire Reserve and Chase Sapphire Preferred cards.

The good news is there are other cards that earn valuable Chase Ultimate Rewards points.  And with a little planning, there’s no reason why you can’t keep them flowing to get more Big Travel with Small Money!

The information for the Chase Freedom Unlimited and Chase Freedom has been collected independently by Million Mile Secrets.  The card details on this page have not been reviewed or provided by the card issuer.

I’ve Used Chase Ultimate Rewards Points for Nearly FREE Trips to Mexico – Twice! Feeling the Ocean Air Is SO Much Sweeter When You Pay Pennies on the Dollar

Here are my tips!

Chase Clamps Down HARD on Sapphire Bonus Rules

Link:   Aw Shucks! New 4 Year Waiting Period Between Earning Sapphire Bonuses

We let you know some bad news earlier this week.  Moving forward, you’ll have to wait 48 months after earning the sign-up bonus on a Chase Sapphire card before you can earn it again on another.

This new rule specifically targets the Chase Sapphire Reserve and Chase Sapphire Preferred cards.  Before, you had to wait 24 months between bonuses.  So this new hurdle seems especially tough.

Actual Photo of Me Waiting to Earn Another Chase Sapphire Card Bonus. The New Rules Sting a LOT!

What’s always been unusual about Chase’s rules is the waiting period starts when you receive the bonus.  It’s NOT when you’re approved, activate the card, or hit a cardmember anniversary.

So if you open a Sapphire card in say, March, but receive your bonus points in June – then that day in June is when the 48-month waiting period will begin.  It did NOT start in March when you were approved for the card.  So this new rule can add potentially 50+ months between card approvals – ouch!

What Does This Mean for Sapphire Cards?

Apply Here:   Chase Sapphire Reserve

Our Review:   The #1 Premium Travel Credit Card Pays for Itself.  Here’s My Full Review!

Apply Here:   Chase Sapphire Preferred Card

Our Review:   Chase Sapphire Preferred Review:  I’ve Had This Card 5 Years.  Here’s How to Get $1,000+ Worth of Travel


Basically, it means to pick one.

With both cards, you’ll earn 50,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first 3 months from account opening.

The extra benefits with the Sapphire Reserve include:

  • 3X Chase Ultimate Rewards points on travel (excluding $300 travel credit) & dining purchases
  • $300 annual credit for travel purchases such as airfare and hotels
  • $100 statement credit for Global Entry
  • Chase Ultimate Rewards points are worth 1.5 cents each through the Chase travel portal (instead of 1.25 cents each with the Sapphire Preferred)
  • Priority Pass Select membership for access to airport lounges
  • Visa Infinite benefits like $25 food and beverage credit at the Luxury Hotel Collection and complimentary car rental elite status with Silvercar
I Used My Priority Pass to Get a Free Meal and Glass of Wine in Portland Thanks to the Chase Sapphire Reserve Card

Remember, you can always upgrade or downgrade either card after keeping it for a year.  You will NOT earn another bonus when you do this, but if you decide you want a lower annual fee, or more perks like the Sapphire Reserve’s $300 annual travel credit, it’s still an option.

But short-term, you should pick one card to earn the sign-up bonus.  Considering the number of points and minimum spending requirements are the same, it depends which card you personally like better.

We typically recommend the Sapphire Preferred as the top card for beginners.   And here’s our full comparison of both cards, side-by-side.

After Earning a Sapphire Bonus, Plan Carefully!

Remember, you won’t be approved for ANY Chase Ultimate Rewards point-earning cards if you’ve opened ~5+ cards from any bank (except these business cards and Chase small business cards) in the past 24 months.

With that in mind, there are many non-Sapphire cards to choose from, including 3 small business cards (all with big sign-up bonuses!) and 2 personal cards.

You’ll Get the Most Juice With a Small Business Card Offer

Apply Here:   Ink Business Preferred Credit Card

Our Review:   Apply Now for 80,000 Points With the Chase Ink Business Preferred!


Apply Here:   Ink Business Cash Credit Card

Our Review:   Outstanding Deal:  50,000 Points and NO Annual Fee – Ink Business Cash Credit Card Review


Apply Here:   Ink Business Unlimited 

Our Review:   Chase Introduces a New Business Card With a BIG Bonus!  Say Hello to the Chase Ink Business Unlimited!


Link:   Step-by-Step:  How to Complete a Chase Business Card Application

I’d highly recommend a Chase Ink Business card, because all 3 have huge sign-up bonuses after meeting minimum spending requirements:

  • Chase Ink Business Preferred:   Earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months of account opening
  • Chase Ink Business Cash:   Earn $500 bonus cash back (50,000 Chase Ultimate Rewards points) after you spend $3,000 on purchases in the first 3 months of account opening
  • Chase Ink Business Unlimited:   Earn $500 bonus cash back (50,000 Chase Ultimate Rewards points) after you spend $3,000 on purchases in the first 3 months of account opening

The Ink Business Cash and Ink Business Unlimited have no annual fees to keep them year after year.  The Ink Business Preferred has a $95 annual fee, but comes with more card perks AND a much bigger sign-up bonus!

No Matter What Kind of Small Business You Have, Chances Are One of These Chase Cards Are Right for You

These offers are by far the best way to keep adding to your Ultimate Rewards balance.  While you do need a for-profit small business to qualify, you don’t need to make millions a year in revenue.  In fact, you may already qualify and not even know it!

You want to add these cards to your wallet if you can, because their bonus offers are worth $1,000s toward Big Travel.  And with the Chase 5/24 rule in full effect combined with new Sapphire bonus rules, it’s smart to get the best offers while you can!  Here’s how to fill out a Chase small business card application.

Or Pair Another Personal Card, If That’s More Your Speed

Apply Here:   Chase Freedom

Our Review:   No Annual Fee and Terrific Rotating Bonus Categories:  Chase Freedom Review

Apply Here:   Chase Freedom Unlimited

Our Review:   An Extremely Powerful No Annual Fee Credit Card: Here’s Our Chase Freedom Unlimited Review

Link:   Side by Side Comparison:  Chase Freedom vs Freedom Unlimited

The Chase Freedom and Chase Freedom Unlimited cards have the same sign-up bonus. You’ll earn $150 (15,000 Chase Ultimate Rewards points) after you spend $500 on purchases in your first 3 months from account opening.  And both have no annual fee.

Which is best for you comes down to whether you want 5X points on quarterly rotating categories with the Chase Freedom or 1.5X points on all purchases with the Chase Freedom Unlimited.

But because these sign-up offers are much smaller than the small business card bonuses above, I’d consider them a backup rather than a main plan.  That said, if these work better for you long term, go for it!  Nearly everyone on the Million Mile Secrets team has one (or both!) of these cards.  I personally love my Chase Freedom card!

Here’s What to Know to Access Travel Partners and Better Travel Rates

Link:   Step-by-Step Video Guide to Transferring Chase Ultimate Rewards Points

Chase Ultimate Rewards points are so valuable because you can transfer them at a 1:1 ratio to transfer partners like Hyatt, Southwest, and United Airlines.

But you need to have a Chase Sapphire Reserve, Chase Sapphire Preferred, or Chase Ink Business Preferred card to access them.  Then, you can combine all your Chase points (including those you earn from no annual fee cards!) and send them to transfer partners.

And the points you earn are worth different rates toward travel booked through the Chase travel portal, depending on which card you have.

This is all handy to know before deciding which Chase Ultimate Rewards card is best for your travel goals!

Bottom Line

Chase tightened the rules even more with respect to earning bonuses on both the Chase Sapphire Reserve and Chase Sapphire Preferred.  Now you have to wait 48 months to earn another sign-up bonus on another Sapphire card.

This new change will definitely affect your strategy moving forward.  I recommend picking the Sapphire card you want, then filling in with a Chase Ink small business card because the sign-up offers are huge right now!  In particular, you can earn 80,000 Chase Ultimate Rewards points with the Chase Ink Business Preferred after meeting minimum spending requirements.

After that, you can consider the Chase Freedom or Chase Freedom Unlimited to complete your collection.  Remember, ALL of these cards are impacted by Chase’s 5/24 rule.

And you can still product change (upgrade or downgrade) your Sapphire card after a year.  You won’t earn a bonus when you do this, but it means you’re not locked into your Sapphire card forever if you want more perks or a lower annual fee.  That said, the Sapphire Preferred is the top card we recommend for beginners.

Will these new rules affect which Chase cards you get next?

Million Mile Secrets is a contributor to Million Mile Secrets, he covers topics on points and miles, credit cards, airlines, hotels, and general travel.

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! :)

Join the Discussion!

Inline Feedbacks
View all comments
Clay Caputo
7 months ago

I was wondering if you can do the same with the Wells Fargo Propel intro bonus every 15months?!
I have the Wells Fargo’s trifecta but with the Propel, Visa Signature, and Visa Rewards. To stack points.
My question is can I
A) Apply for a second propel card after 15months to receive the intro bonus again?
B) If you can’t have 2 propel cards drop the propel, which allows the points to stay in rewards from the other 2 cards and reapply for the card to get the intro bonus again?
Hope you get back thanks!

Deb Monnig
1 year ago

Hi-the chase business cards sound great. I currently have the INK and received the 80K bonus. I can still re-apply for those cards every 24 months?

Also-if I get one bonus on a Chase Business card, can I also apply for the other business cards and also get the bonus? I know with the personal cards, the answer is no.

1 year ago

If I was added to someone else’s chase sapphire account as an authorized user, would I still be able to get my own card and the associated benefits as a new card holder?

Reply to  Steve
1 year ago

same question, thanks

2 years ago

Does the Chase Hyatt go against the 5/24 rule. I’m 4/24 if I get Hyatt will I be 5/24?

2 years ago


1.0 I have the Chase Sapphire Reserve Card & Claimed the Sign Up Bonus in Feb 2017

2.0 When is the earliest I can sign up for Chase Sapphire Preferred – along w/ 50K Bonus (Or Do I have to Cancel Chase Reserve first?

2 years ago

Your skeleton photo made me LOL! Reminds me of Oscar: the skeleton in my high school biology classroom.

IMO, Chase’s new “one Sapphire bonus within 48 months” rule chafes far less than does AMEX’s one bonus per lifetime rule and recent determination that at all versions of the Platinum personal card now count as one product. Let’s hope Chase doesn’t eventually adopt that approach with regard to Sapphire (and other “families” of its cards).

2 years ago

I have a better Idea , stop promoting Chase cards incessantly and start promoting more cards from companies which actually care for and treat their customers better, AMEX, CITI, BARCLAY,CAPITAL ONE etc.I suggest we all start to boycott Chase.

2 years ago

I recently applied for Business Ink as sole proprietor for photo business using business name. Application went pending and I received letter asking for address verification. I sent three documents indicating my personal name address but denied because it didn’t show business name address. Called and explained my business is a small side income and have never received mail in the business name. They asked for complete tax returns which I am not willing to send in the mail. Should I have just used my name instead of business name?

Reply to  Sheryk
1 year ago

Yes, maybe. My wife had a similar issue. In our state and others, the only legal name for your business is first, middle/initial, last. Unless you set up a DBA with the state,or LLC, etc… If you use your personal SSN instead of an EIN, you’re most likely going to need to use your name. However there was even inconsistent responses to our calls to Chase with each person we talked to, very frustrating. But it worked out eventually after being denied at first

2 years ago

This is ridiculous but time to look to other programs. I am only keeping the HYATT card and Amex SPG for hotels.

2 years ago

Lol..this site is responsible for getting things shutdown. You suck.

2 years ago

Curious how this works, for example I received a sign up bonus a spring 2017 and cancelled the card in spring if 2018. I was going to sign up again in 2019 for the reserve and the bonus. So now I have to wait until 2021 I assume? I doubt there’s only a 24 month period for people who recieved the bonus before this new rule is there?

2 years ago