How to earn a welcome or reserve welcoming bonus more than once

the Chase Sapphire Preferred® (He sees Prices and fees) And Chase Sapphire Reserve® (He sees Prices and fees) Are two of our favorites? Travel credit cards In TPG.

Both gain value Ultimate Bonuses Points, allowing you to reach some of the most valuable Partners transfer At work. You will enjoy access to the easy to use Chis travel gate This allows you to recover points for a wide range of travel reservations, including activities, trips, hotels, rented cars and tours.

Both cards include additional benefits that can easily justify the annual fees of each ($ 95 for Sapphire Preferred and $ 550 for the Sapphire Reserve).

Finally, both cards also offer generous welcome bonuses:

• Favorite sapphire chase: Earn 100,000 bonus points after spending $ 5,000 on purchases in the first three months of opening the account
• Caes Al Yaqout Reserve: Earn 60,000 bonus points after spending $ 5,000 on purchases in the first three months of opening the account.

But did you know that you can earn a welcome bonus on both the Sapphire cards and even earn a welcome reward more than once on each card?

Below how to do this-why should the sapphire cards be variable and change the product on your radar.

Related to: There is Sapphire PRIDDRED VS. Sapphire Reverse: Should you go in the middle of the level or installment?

Overview of Chase application restrictions

Chase has three main restrictions if you want to agree to any of the Sapphire cards:

• the 5/24 Al Qaeda: To be approved for any chasing card, you cannot generally open five or more personal credit cards in all banks during the past 24 months. Most of the bonuses issued by Chase are subject to the 5/24 base to approval, including the beloved cards. This means that you need to be under 5/24 for approval. The base of 5/24 applies only to obtaining the approval of the cards issued by Chase, but the number of 5/24 includes personal credit cards from all banks.
• Base of 48 monthsYou will not be able to earn a reward on a chase card if you are carrying this card in your wallet now or if you get a welcome reward On that fine card In the last 24 to 48 months.
• You should not currently have any open sapphire cards.

Remember that 5/24 is not the only factor that determines whether your credit card is The application was approved – for you CreditAnd income and debt levels and Many other variables It is also considered.

The easiest way to check the 5/24 status is to register for free credit report service on Experts (Make sure not to subscribe by mistake to get a paid service).

Open the credit section, then click your Experian credit report. From there, click “accounts” and then “display methods” on the top right to sort depending on the date you opened your account. Hence, anything that has opened over the past 24 months.

Chase only looks if an account has been opened – it doesn’t matter if you have closed it since then.

Finally, Chase has some public application restrictions. You can usually open only one personal work card every 90 days, and often chase challenge the total credit that will be extended to include the individual borrower – so you sometimes need to move around credit lines in order to obtain approval.

Related to: The final guide for credit card applications restrictions

When and how to reduce the cards of sapphose

If you have one of the Sapphire cards and at least 48 months since you got a welcome reward for the card, you may be eligible to earn a paper again – but you must be strategically to comply with the rules of Chase above.

Remember that you cannot earn the reward for any of the card if you are currently carrying the Sapphire Card, so you should be “sapphire -free”. As we discuss below, there are many reasons that make you reduce the current sapphire card instead of canceling it directly.

The great news is that you do not need to wait two years after canceling or lowering the classification to be eligible to get a Welcome; The calculated time is when you received the reward.

For example, suppose you got a welcoming reward for the Sapphire Reservation Card in March 2021. In this case, it will be 48 months has passed by April 2025. Provided that it is less than 5/24 and meets the other General credit standards The above shown, you can reduce the level of sapphire reserves and thus become eligible to get a welcome reward for either It prefers sapphire or Sapphire at that time.

The request to reduce the card is somewhat clear: Call the customer service phone number on the back of your card and talk to a chase agent to tell them that you want to reduce to a less or an annual annual fee. You can also call Chase via a safe messaging portal on its website, but reports indicate that requests to change the product must be submitted over the phone.

Note that you should stay in the brand chasing family when you reduce the sapphire card-and you cannot switch a personal card for a business. As a result, the most popular options include lowering Chase Freedom Unlimited®(He sees Prices and fees) And Chase Freedom Flex® (He sees Prices and fees).

If you are lucky, you may even get a recovery from your annual fees when lowering the classification to a card with a lower annual fee (especially if you do it within 30 days of publishing the annual fees to your statement). Chase will not need a credit examination because you keep your current account instead of opening a new account.

You will keep the account number, balance, and the date of your old product is due when reducing your card. You will receive a new card in the name of the new product within a week or two, but since the card number will be the same, you can continue to use your old card under the terms and benefits of the new product before and even after the release of a new card.

Related to: Consider canceling your credit card? Here’s why you want to “reduce” instead

Why should you lower and not cancel

The age of your credit accounts constitute 10 % of your total credit. Therefore, keeping this account open would protect your credit degree.

It will also allow you to reduce instead of canceling your general credit, which affects Credit use rate (It helps you get a lot of credit as long as you do not use much of it). By keeping your use low, you can also keep your degrees high.

On the other hand, canceling your card can abandon the average life of accounts and raise the credit use rate by reducing the total credit limit. It can also delay your ability to apply for the new sapphire card.

A TPG employee has abolished at least their SAPPHIRE Reserve Card directly, and when they applied for about a week to obtain a favorite Sapphire Card, they were rejected. They were told by many Chase representatives, including personally in the Chis branch, that – because the accounts can be reopened legally for 30 days – they were unable to apply for the favorite card until the current Sapphire account is closed after a month.

Therefore, if you want to apply for a new Sapphire card without long delay, think about reducing the sapphire card instead of canceling it.

Also, final reward points You lost when your account is closedAlthough the conditions and conditions indicate that you will have at least 30 days from the closing date to recover the points if your account is in a good position.

The one major disadvantage of reducing the card is that you usually do not get a welcome reward for the card that you lower. However, if you are planning to earn a large reward on the Sapphire card after lowering the classification, you may remain at the forefront.

Related to: How to cancel the credit card

What to do if you refuse

If Chase rejects the new Sapphire application and you have complied with the above -mentioned restrictions, it is worth calling if the options are available.

Some TPG employees who reduced a Sapphire To apply for a request It prefers sapphire I had to move around credit lines to agree. In other words, Chis looked at his total financial image and decided that she had expanded a lot of credit as much as she would go.

But by talking to the actors and agreeing to transfer some credit lines from other cards to the new sapphire he prefers, they persuaded the source representatives who could open a new card with responsibility.

Others had to contact the bank Reconsideration line And verify the approval of their income and housing. Although there are a few additional hoops that must be jumped, in all the cases you faced, it was eventually approved for the Cass Cards Cards in Ruby who were coming out of the 48 -month window in the sapphire chis.

The bottom line

Although it can be somewhat complicated, you can earn welcoming bonuses on Favorite sapphire chase and Caes Al Yaqout Reserve – Even if you have already happened (or still you have but ready to reduce) and one of them. You just need to be strategic and flexible and to pass through the Chase application restrictions.

Start by looking at all your credit card accounts and select if you are out of the 48-month capacity window for these cards-at the 5/24 limit in Chase.

If all this is the case, think about whether you can lower the classification to another chase card and then apply for the new card when you are ready. Although you may be able to obtain approval within just a few days of the reduction, it is safe to wait at least a few weeks before applying for a new one – just to make sure not to put a mark that is an existing card holder.

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Apply here: Favorite sapphire chase
Apply here: Caes Al Yaqout Reserve

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