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chase sapphire preferred and reserve cards

Are You Eligible For the New Chase Sapphire Bonus (Or to Earn it Again)?

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The *chase sapphire preferred* and *chase sapphire reserve* are easily among the best travel credit cards for beginning and seasoned travelers alike.

Typically offering 60,000 Chase Ultimate Rewards points, both cards have upped the ante with a higher welcome bonus for new applicants: Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

To earn that bonus, you just need to be eligible … and Chase is notoriously stingy when it comes to approving credit card applicants. You're just going to want to make sure you meet Chase's handful of requirements and consider the different restrictions on its top travel credit cards that can make some applicants ineligible to earn this welcome offer.

But just because you've already had a Chase Sapphire card before doesn't mean you can't earn this bonus: It depends on how long ago you earned the bonus on your Sapphire card the last time around. You just might be eligible again.

Curious if you'll make the cut? Read on for a full breakdown of everything you need to know about whether or not you're eligible to apply for a Chase Sapphire card.


You'll Need Good-to-Excellent Credit

The first thing you'll need to consider before applying for a Chase Sapphire card (or any card for that matter) is your credit score.

Chase indicates that you need to fall into the “Good” to “Excellent” credit buckets to be approved for a Chase Sapphire card. As you can see from the image below, that means you'd need at least a 680 credit score to get approved. But in practice, it's been much different.


sapphire preferred 100k point offer


From our own experience, accounts from readers, and historical data from creditcards.com, anyone with a credit score below 700 will generally have a harder time getting approved for a Chase Sapphire card. But as banks continue to compete for the same customers, it may be getting easier.

Critically, the minimum credit score needed to apply is not set in stone. There are certainly exceptions – especially if you have a history with Chase. But your best bet for getting a Chase Sapphire card is likely by having a credit score of 700 or higher. If your credit score isn't at least 680, it's likely you won't be approved.

Read More: What Credit Score Do You Need for the Chase Sapphire Preferred?


The Chase 5/24 Rule

The next thing you'll need to be aware of is something called the Chase 5/24 Rule.

The Chase 5/24 rule is a hard-and-fast restriction rolled out years ago in order to limit card applicants from opening credit cards for the sole purpose of earning bonus rewards.

Here’s what it boils down to:

  • If you have opened five or more credit cards in the past 24 months from any bank (not just Chase cards), you will not be approved for Chase credit cards, regardless of your credit score or history with Chase Bank
  • The rule does not count credit inquiries, but rather card products you have applied for and been approved for. That also means mortgages and other lines of credit don't count.



So if you have opened five or more new credit cards in the past 24 months, you will not be approved for any Chase credit cards, including a Chase Sapphire card with this big bonus. Chase isn’t just looking at your history with Chase cards to make this determination but with any bank.

The rule is not officially published through any of Chase’s platforms. Case in point: If you ask about it in a Chase branch or on the phone with a Chase customer service representative, employees have likely not heard of it.

Not sure where you're at on the 5/24 count? A great way to keep track of your status is by using the Travel Freely tool!


Have You Earned the Bonus on the Preferred or Reserve Previously?

It's not just the amount of cards you've opened but specific ones could rule you out from earning this bonus, too.

Chase does not allow you to hold both the Chase Sapphire Preferred Card and the Chase Sapphire Reserve at the same time. That means if you already have a Sapphire Preferred or Reserve card open, you will not be eligible to apply for another Chase Sapphire card.

Additionally, you will not be eligible to apply for a Sapphire card if you earned a sign-up bonus on either the Chase Sapphire Preferred or Reserve in the last 48 months – four full years.

Let's say you opened a Chase Sapphire card in March 2020 and then met the minimum spending requirement to earn the bonus points in May 2020. Even if you have since closed the card, you still wouldn't be eligible to earn the sign-up bonus on a Sapphire card. You would have to wait until May of 2024 before you could earn another sign-up bonus on one of the Sapphire cards.

Critically, the four-year restriction starts from the date you earned the bonus points – not the date that you opened or closed either card.

If you currently have either the Sapphire Preferred or Reserve card open but it's been more than four years since you've earned the welcome offer bonus points, you've got a few options to move ahead and still be eligible for this bonus.

Downgrading to one of the Freedom cards is a good option if you have Ultimate Rewards points in your account. If you close a Sapphire card with a balance of Chase Ultimate Rewards points, they will be forfeited. Downgrading keeps them intact. Once you open a new Chase Sapphire card, you could then transfer those points back to your new Chase Sapphire card.

Just keep in mind that when you reapply for a Sapphire card, you'll still need to be under the Chase 5/24 rule and have a credit score that will allow you to get approved.


Bottom Line

Chase doesn't make it easy for everyone to work out whether they're eligible for a big welcome bonus. But if you've got a great credit score and none of these restrictions apply to you, you are eligible and able to apply for a Chase Sapphire card.


*chase sapphire preferred*


Learn more about the *csp*.


*chase sapphire reserve*


Learn more about the *chase sapphire reserve*.


Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

19 Responses

  • If one spouse has a Sapphire Preferred card in her name, is it possible for the other spouse to apply for a card and receive the bonus points now being offered?

    • Hey Phil. Absolutely! There are no restrictions on that, as long as they meet the other requirements laid out in this list.

  • I have had both Chase Slate and Chase Freedom cards for years. I applied for the Chase Sapphire and it was issued. 5 days after receiving the card, Chase moved the bonus from 80,000 to 100,000 points. Having been a Chase customer for numerous years, I called and asked for my bonus to be increased from 80,000 to 100,000. I was informed they will not increase the bonus, in a situation like this, for any customer or reason. Super disappointing.

  • I was rejected even tho I have 800+ credit score. The reason they said was my retirement income was enough. I believe the real reason was even tho I own my condo, I’m a co-signer on my daughter’s condo.

  • I referred someone and they were accepted. How do both of us know if/when we get the bonus? Do they send notification emails or do you just need to watch your points to see if they are awareded?

    • I don’t believe you will get notified, but keep an eye on your account. Should post after a few weeks.

  • I’ve had my Sapphire Reserve card for more than four years. I just cancelled it. How long do I have to wait before I can apply for the Sapphire Preferred card?

    • Hi Melissa, being that the offer is now back at 60k, you have time. I would suggest waiting a full 30 days before applying again for the Sapphire Preferred.

  • What if your bonus was rescinded due to a cancelation because of COVID? Do you still have to wait the four years.

  • Hi there,
    We had Sapphire preferred (and received sign-up bonus) almost 4 years ago.
    We called to cancel this card, and Chase’s moved us to the “no-annual fee” Sapphire card.
    I understand that in order to receive sign-up bonus, we cannot have another sapphire card.
    If we call and cancel / close this “no-annual fee” Sapphire card, are we allowed to re-apply the Sapphire preferred and receive it’s sign-up bonus in 2-3 months?

    Thanks for your help~

    • Hi Steve, you absolutely should be. You could also request to move the card over to a Freedom Flex or Freedom Unlimited no annual fee cash back card. Those won’t impact your ability to get another Sapphire Card.

    • I applied for a credit card a few days ago with a reward of 60k points, but yesterday my friend told me that I could get a reward of 90k points by applying offline. I wonder if I can cancel my first card after receiving it and apply for a new card with the same value offline

  • Hi there, I have a bit of an interesting situation, I believe I opened chase sapphire preferred in 2016, then upgraded to reserve in 2017, not realizing I wouldn’t get the reserve sign up bonus points. i believe i downgraded my preferred to a freedom unlimited.

    Since it’s been 6-7 years, could i downgrade my reserve to a flex, then immediately open a sapphire preferred to get the 80k sign up bonus?

    • Hi Jonny, this absolutely should work as long as you are not impacted by Chase’s 5/24 rule.

  • I own the card as an authorized user so the sign up bonus received was not in my name. Can I sign up for this card? Does my authorized user card need to be cancel before that?

    • Authorized user cards will count towards your Chase 5/24 status. As long as that authorized user card doesn’t put you over the limit and you meet all the other qualifications, you should be eligible. There is no rule about not being able to get a Sapphire card if you are an authorized user on somebody else’s.

  • Just want to comment how clear and helpful your advice is. There are so many obscure rules regarding credit cards and bonuses. Thank you.

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