Update: This language has been updated and referrals now have the same 48-month language.
For a while now, both the Chase Sapphire Reserve, and Chase Sapphire Preferred have included 24 month restrictions for new signups. The restriction reads “This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 24 months”.
Now, though, the public links for both products have moved to 48 month language: “This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months”. [Hat Tip: US Credit Card Guide]
Fortunately, links with 24 month language still exist. At the time of this writing, our Sapphire Preferred link still includes 24 month language. And, as noted by Doctor of Credit, all referral links include 24 month language. Accordingly, we have updated our Sapphire Reserve card page with a referral link rather than an affiliate link. When we find that the Sapphire Preferred link has changed to 48 month language, we’ll switch that one too to a referral link. Update: It’s dead. Referrals now have the same 48-month language.
Why does this matter?
This matters only to those who received either a Sapphire Preferred or Sapphire Reserve bonus between 24 months and 48 months ago, and who were hoping to sign up for another Sapphire card soon. And, of course, you’d have to be under 5/24.
|Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months.
To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely.
This change appears to be aimed at those who signed up for the Chase Sapphire Reserve 100,000 point offer between August 2016 and early 2017. Most of us have the two year anniversary of receiving the 100K bonus coming up soon. In my case, I’ve kept my Sapphire Reserve card open all this time and have no plans to close it, so this isn’t meaningful for me. But, for those who cancelled their Sapphire Reserve within the first year, and were hoping to pick up another Sapphire card soon, it certainly is important.
24 Month Links
Our dedicated information pages for the Sapphire Reserve and Sapphire Preferred cards, including 24 month signup links (at least at this time), can be found here: