Chase Sapphire Bonus Rules
Chase has sent out an internal memo to bankers which provides information about new rules on bonus eligibility for Sapphire Preferred and Reserve credit cards.
The memo was first reported by Doctor of Credit, and it says:
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 now it will be clearly stated that you can get a bonus once per lifetime for each card, even if you currently have the other. Chase had already stated that you could get approved for both cards, but it will now clarify that you can also get the welcome bonus.
The lifetime rule of one bonus per card is also clearly defined, although we do not know how long that “lifetime” is.
