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Last year, Chase implemented a new rule for their Sapphire cards. Now you’re only allowed to have one Sapphire card at a time. This includes the Chase Sapphire Preferred, Chase Sapphire Reserve, and Chase Sapphire cards (no longer available to new applicants).
But if you have a Sapphire card, like the Chase Sapphire Preferred and want the Chase Sapphire Reserve, you can call Chase and upgrade your card. But you’ll need to have had the account you’re upgrading from open for at least a year. And you will NOT earn a bonus if you upgrade!
Million Mile Secret Agent Ti En asked on Facebook:
How long do I wait in between to apply? I really want to use the Chase Sapphire Reserve to book a ticket for a coming trip.
Thanks for the question, Ti En!
You’re correct, you can only have one Chase Sapphire card version at a time. So as long as you cancel 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 48 months!
Chase’s Application Rules & Sapphire Card Policy
Typically, if you’ve had a Chase Ultimate Rewards earning card for 1+ year, you’ll be able to upgrade or downgrade to a different card. So if you have the Chase Sapphire Preferred and want to change it to a Chase Sapphire Reserve card to take advantage of the extra perks, that’s an option (and vice versa).
But you are NOT able to switch from a personal card to a business card or vice versa.
But I’m assuming Ti En would also like to earn the sign-up bonus on the Chase Sapphire Reserve. If that’s the case, she will have to abide by these 2 Chase policies.
1. 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.
2. Chase Sapphire Card Bonus Rules
You can earn the sign-up bonus on most Chase cards if you’ve had it in the past, but you’ll have to wait at least 24 months before you are eligible for the bonus again. And you can’t currently have the same card at the time you apply.
BUT Chase makes earning the intro bonus on the Chase Sapphire Reserve & Chase Sapphire Preferred a bit more difficult. To qualify for the sign-up bonus on a Sapphire card, you can NOT have earned a welcome bonus on ANY version of the Sapphire card in the past 48 months! And you can’t currently hold one of the Chase Sapphire cards.
You will NOT be approved for a new Chase Sapphire Preferred or Chase Sapphire Reserve card if you have any Sapphire card (including the regular Chase Sapphire card, which is no longer available to new applicants).
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 48 months! Plus, all versions of the Sapphire card are affected by the Chase “5/24” rule!
Thanks for the question, Ti En!