I imagine story-telling with my grandkids. “I remember the times when you were able to get one hundred thousand points for signing up for a credit card”. And they’ll be like, huh? Why wasn’t I part of that generation?!? Ok, enough with this silly dream.

But in all seriousness, let’s jump in and discuss how and when you can get a new Sapphire Preferred card even if you already got a bonus on the Sapphire Preferred card in the past.

First Things First

It’s important to note that with Chase there is no such thing as getting approved for a card but not getting the bonus. If you get approved then you automatically get the bonus and if you’re not eligible for the bonus then Chase will decline your application (without pulling your credit).

Welcome Bonus 48 Month Rule

In order for you to be eligible for a new Sapphire card it must be 48 months after you’ve received your last welcome bonus on any Sapphire card, including the Reserve.

If you’re not sure if 48 months have passed then you can check your credit report or CreditKarma to find the date you opened the Sapphire card and figure that you probably received the welcome bonus 2-3 months later (Chase will not tell you when you got the bonus). But in either case, you can try to apply. If you’ve received the bonus within 48 months you will get instantly denied but Chase will not pull your credit (if rejected for this reason). So there is nothing to lose.

One Sapphire Card Rule

Chase will not approve you for this card if you already have any other Sapphire card open. This includes the Sapphire, Sapphire Preferred, and Sapphire Reserve.

But here is what you can do. You can downgrade the card from a Sapphire card to a Freedom card and wait 48-72 hours after the downgrade in order for the downgrade to register. At that point you will be eligible for a new Sapphire card (as long as you did not receive the welcome bonus within 48 months). 

If you already have a Freedom card you can still downgrade to another Freedom product (Freedom, Flex, Freedom Unlimited) or you can have the same Freedom card twice. 

After you get approved you can upgrade the card back to a Sapphire Reserve if you choose to do so. It only needs to be downgraded for the duration of the application and approval process.

Also check out: 12 Things You Want To Know Before Applying For The Chase Sapphire Preferred

Get yours today!

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