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Chase Sapphire Card 48-Month Bonus Rule Defined

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Hyperlink: Apply now for the Chase Sapphire Most popular® Card or Chase Sapphire Reserve® Card

The Chase Sapphire Most popular® Card (evaluation) and Chase Sapphire Reserve® Card (evaluation) are two of the preferred journey rewards bank cards. They each have wonderful welcome gives, nice factors incomes constructions, and precious advantages. Which of the playing cards makes essentially the most sense depends upon the kind of shopper you might be.

For these contemplating making use of for both of those playing cards, one main consideration is the 48-month rule, which you must comply with with a purpose to earn the welcome bonus on both card. On this submit I wished to take a better have a look at how that works. That is along with customary Chase utility restrictions, together with the 5/24 rule.

How the Chase Sapphire 48-month rule works

If you apply for the Chase Sapphire Most popular or Chase Sapphire Reserve, you’ll see the next phrases related to incomes the welcome bonus:

The product shouldn’t be obtainable to both (i) present cardmembers of any Sapphire bank card, or (ii) earlier cardmembers of any Sapphire bank card who obtained a brand new cardmember bonus inside the final 48 months.

There’s generally confusion about what precisely this implies, so let me attempt to make clear. You’re not eligible for the welcome bonus on the Chase Sapphire Most popular or Chase Sapphire Reserve if:

  • You at the moment have any Chase Sapphire bank card (this consists of the Most popular and the Reserve)
  • You’re a earlier cardmember who has obtained a bonus on a Chase Sapphire bank card up to now 48 months (this consists of the Most popular and Reserve); the 48 months wouldn’t be from while you opened the cardboard, however fairly from while you earned the bonus

In different phrases, you might be doubtlessly eligible for both the Chase Sapphire Most popular or Chase Sapphire Reserve in case you’ve had one of many Chase Sapphire playing cards up to now, you simply can’t at the moment have one of many playing cards, and might’t have obtained a brand new cardmember bonus on one of many playing cards up to now 48 months.

Observe that being a certified person on another person’s Chase Sapphire card (both at the moment or up to now) wouldn’t make you ineligible for incomes the bonus on the cardboard your self.

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When are you thought-about a earlier Chase Sapphire cardmember?

As you possibly can see based mostly on the phrases, eligibility for the Chase Sapphire Most popular or Chase Sapphire Reserve is predicated on not at the moment having both of those playing cards, and based mostly on not being a earlier cardmember who obtained a bonus on both card inside the previous 48 months.

Many surprise at what level you’re thought-about a earlier cardmember based mostly on having had the cardboard up to now. Most information factors recommend that you simply’re thought-about a earlier cardmember inside a couple of days of canceling an account. Personally I’d advocate ready till the following calendar month, simply to be on the protected facet.

In different phrases, say you had the Chase Sapphire Most popular (and earned the bonus over 48 months in the past), after which closed the account on November 15. You would possibly then doubtlessly be eligible for the Chase Sapphire Reserve inside a couple of days, although personally I’d wait till December 1 to use, simply to be on the protected facet.

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Backside line

The Chase Sapphire Most popular and Chase Sapphire Reserve are two of the preferred journey rewards bank cards. Should you’re contemplating making use of for a Chase Sapphire card however have had one up to now, the most important restriction to concentrate on is the 48-month rule, which impacts bonus eligibility.

This implies you possibly can’t earn the bonus on both card in case you at the moment have a Chase Sapphire card, or are a earlier cardmember who has obtained a bonus on a Chase Sapphire card up to now 48 months. Hopefully the above clarifies any questions you might have about this rule (and if it doesn’t, please let me know).

What has your expertise been with Chase’s 48-month rule?

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