Here’s What You Need to Know BEFORE You Apply for Any Version of the Chase Sapphire Card!

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Here’s What You Need to Know BEFORE You Apply for Any Version of the Chase Sapphire Card!

Million Mile SecretsHere’s What You Need to Know BEFORE You Apply for Any Version of the Chase Sapphire Card!Million Mile Secrets Team

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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!

But you can still earn the bonus if you submit a new application AND follow certain rules.  So let’s review Chase’s application rules and their Sapphire card policy.

Chase Sapphire Card Bonus Rules
You Can Earn the Welcome Bonus on More Than One Chase Sapphire Card, but You’re Going to Have to Wait

Million Mile Secret Agent Ti En asked on Facebook:

I canceled my Chase Sapphire card (no longer available) on March 14th so that I can get the Chase Sapphire Reserve card.  I read they only allow you to have one card in the “Sapphire family.”

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 24 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.

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

So Ti En will need to make sure she is under the Chase “5/24” rule before applying for the Chase Sapphire Reserve card.  She can check her “5/24” count easily with Credit Karma.

2.   Chase Sapphire Card Bonus Rules

You can earn the sign-up bonus on a Chase card 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 24 months!  And you can’t currently hold one of the Chase Sapphire cards.

Bottom Line

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 24 months!  Plus, all versions of the Sapphire card are affected by the Chase “5/24” rule!

So if you’re planning on appling for the Chase Sapphire Preferred or Chase Sapphire Reserve cards, be sure you qualify first.

Thanks for the question, Ti En!

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Chase Sapphire Reserve®

Chase Sapphire Reserve®

  • Earn 50K 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®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Named a ‘Best Travel Credit Card for 2017’ by MONEY® Magazine
  • 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

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I have the Sapphire preferred card. I just product changed it to Sapphire Reserved on month 13.

I am not elligible for the reward bonus. However in another 12-15 months how do i obtain the reward bonus again? Do I have to cancel my reserved and reapply for reserved or would i have to cancel my reserved and apply for preferred to get the sign up bonus again?

Are you allowed to cancel a card you’ve had for 24 months then reapply to get a signup bonus again?

Hi David,

If you cancel and reapply, make sure you are under the 5/24 rule. You’ll also want to make sure you haven’t received any sapphire welcome bonus in the prior 24 months.

Otherwise you should be eligible for the welcome bonus on the reserve once again.

Hello! Great article.

My question is 1. I applied for the Preferred on August 1, 2016 and received the bonus on my account November 20, 2016. When would I be able to apply for the Reserved to be safe? Is it November 21, 2018 or sometime in September to surpass the 24 month since applying for the card.

2nd question. There will be some time in between where I do not have a Sapphire card, where/what should I do with my points ( I do have Freedom and have a SW account).

Thanks a bunch!

Hi Leo,

The 24 months starts from the date you received the bonus, so I believe your taxes are correct, November 2018 to be eligible for the bonus again.

You can still pool Chase Ultimate Rewards points, so you could transfer the points to your Freedom card for now.

In Leo’s case, would he be able to apply again on November 21, or would he have to wait until a day after his statement date, when the points would actually be awarded to his account, to apply again?

Can you have more than one biz card? Have Only 1 business.

Currently have the Chase Business Bold and would like to get the
Ink Biz Preferred

Million Mile Secrets

Hi Misty, MikeS is correct. It’s possible to have more than one business card even if you only have one business. But it’s always up to the bank to decide how much credit they’re willing to extend to you. Good luck!

Yes, you can. Each of Chase business card is considered as an independent product. I have both cards you mentioned.

Over the last two years, I have only gotten a total of 5 credit cards. Two of those cards were applied/approved on March 26, 2016 and so they will “fall off” very soon. My question is, should I wait until, say, the first few days in April before I apply for a Chase card (.ie., to make sure my credit only shows that I’ve gotten 3 cards in last 2 years). I just want to make sure I don’t apply too soon but I want to get a Chase Southwest card very soon. Thanks.

Million Mile Secrets

Mark, that sounds like a good idea.

I have both the Sapphire Preferred and Sapphire Reserve. My husband is an authorized user on the Reserve. Would he still be eligible for the sign on bonus in the future for a Sapphire product?

Cassie, being an authorized user does not prevent him from applying for ANY Chase card. Just be aware that an authorized user is added to number of his cards and is a subject of 5/24 rule.

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