New Bonus Eligibility Rules for Chase Sapphire Reserve/Preferred
Chase is introducing some clear rules regarding bonus eligibility for its Sapphire Preferred and Sapphire Reserve cards.
Chase Sapphire Reserve® and Chase Sapphire Preferred®: Card Eligibility Simplified
Beginning January 25, we are clarifying our disclosures to make Sapphire new cardmember bonus eligibility rules easier to understand. Clients can earn a bonus on each card, one time per card, regardless of whether they currently have an active card.
For example: If a client has a Preferred card, they can apply for Reserve and receive the new account bonus.
Some exclusions will still apply in branch, such as if the client has had the product in the past and wants to reopen the same card.
So there’s now a clear “once per lifetime” rule, and you no longer need to downgrade one of the cards in order to get a bonus on the other. We still do not know for sure what Chase considers a “lifetime”. Amex normally goes back only 5-7 years.
HT: DoC
